by Liz DeMarco | Jul 10, 2026 | Risky Business Recap
Snapshot: On July 7, the Federal Reserve requested comment on proposed amendments to its anti-money laundering program requirements, which would require supervised banks to maintain AML/CFT programs reasonably designed to identify, assess, and mitigate illicit finance...
by Liz DeMarco | Jul 2, 2026 | Risky Business Recap
Snapshot: On June 30, 2026, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a supplemental alert warning financial institutions about fuel smuggling and tax evasion schemes connected to the Cartel de Jalisco Nueva Generación (CJNG) and...
by Liz DeMarco | Jun 26, 2026 | Risky Business Recap
Snapshot: On June 23, 2026, FinCEN proposed amending its October 2025 final rule concerning the Huione Group to include H-Pay Service PLC and any successor entity. According to Treasury, H-Pay is associated with financial activity linked to cyber-enabled fraud,...
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...
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