by Liz DeMarco | Jun 18, 2026 | Risky Business Recap
Snapshot: On June 12, 2026, FinCEN issued updated guidance clarifying how financial institutions can share information to identify and combat fraud under Section 314(b) of the USA PATRIOT Act. The update reinforces information sharing as a key tool in detecting and...
by Liz DeMarco | Jun 12, 2026 | Risky Business Recap
Snapshot: On June 11, 2026, federal regulators (including the OCC, Federal Reserve, FDIC, and CFPB) issued a joint final rule under the Financial Data Transparency Act requiring the development of standardized data formats for regulatory reporting across agencies. The...
by Liz DeMarco | Jun 5, 2026 | Risky Business Recap
Snapshot: On June 5, 2026, FinCEN issued a new advisory urging financial institutions to identify and report suspicious activity tied to payroll fraud, identity theft, and money laundering linked to the employment of unauthorized workers. The advisory follows a May...
by Liz DeMarco | May 29, 2026 | Risky Business Recap
Snapshot: On May 22, 2026, the FDIC approved a proposal establishing Bank Secrecy Act (BSA) and sanctions compliance expectations for FDIC‑supervised banks involved with payment stablecoin issuers. The proposal aligns with broader regulatory efforts to define...
by Liz DeMarco | May 22, 2026 | Risky Business Recap
Snapshot: Between May 18–21, 2026, OFAC issued multiple updates to its sanctions lists, including counterterrorism, counternarcotics, and Iran-related designations. These updates reflect continued enforcement activity and frequent changes to the SDN List impacting...
by Liz DeMarco | May 15, 2026 | Risky Business Recap
Snapshot: On May 11, 2026, FinCEN issued an alert detailing how Iran’s Islamic Revolutionary Guard Corps (IRGC) is using front companies, financial facilitators, and digital asset infrastructure to evade sanctions and move illicit funds. The alert highlights...
by Liz DeMarco | May 8, 2026 | Risky Business Recap
Snapshot: On May 7, 2026, the Office of the Comptroller of the Currency released its Spring 2026 Semiannual Risk Perspective, outlining key risks facing the federal banking system. The report identifies increasing cyber‑enabled fraud, scams, and operational risk...
by Liz DeMarco | May 1, 2026 | Risky Business Recap
Snapshot: Between April 29 and May 1, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued multiple same‑day sanctions list updates, along with amended General Licenses, FAQs, and compliance guidance. Many of these actions were...
by Liz DeMarco | Apr 24, 2026 | Risky Business Recap
Snapshot: On April 17, 2026, the OCC issued Bulletin 2026‑13, releasing revised interagency Model Risk Management (MRM) guidance and rescinding prior BSA/AML‑specific model guidance, including OCC Bulletin 2021‑19. The updated guidance reinforces a risk‑based,...
by Liz DeMarco | Apr 17, 2026 | Compliance Chronicles
April 16, 2026 By: Maleka Ali and Elizabeth Slim, CAMS The FinCEN AML Whistleblower Program Is Finally Here — And It Changes the Game for BSA Professionals If you’ve been in the BSA/AML world for a while, you may remember the excitement around the Anti‑Money...
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