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...

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 other...

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,...

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...

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...

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...

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...

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...

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...

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...