Five federal regulatory agencies on Friday issued a reminder to banks and financial institutions that they should continually monitor risks associated with the accounts of foreign officials. For now, though, the agencies are not requiring any additional due diligence for those accounts.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...