FinCEN issued a proposed rule on April 7, 2026, intended to fundamentally reform financial institutions’ anti-money laundering and countering the financing of terrorism (AML/CFT) programs under the Bank Secrecy Act [...]
On March 31, 2026, OFAC released new guidance highlighting the growing use of sham transactions. These transactions are transfers that appear legitimate on paper but do not extinguish a blocked [...]
The FFIEC recently updated its BSA/AML Examination Manual to remove references to “reputational risk.” While the wording has changed, the underlying BSA/AML requirements remain the same. This change stems from [...]
On March 30, 2026, FinCEN issued an advisory warning financial institutions about increasing fraud schemes targeting Medicare, Medicaid, and other federal and state health care benefit programs. FinCEN notes that [...]
On February 13, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) launched a new webpage to receive whistleblower tips related to fraud, money laundering, sanctions violations, [...]
On February 13, 2026, FinCEN issued exceptive relief under the 2016 CDD Rule, effective immediately, removing the requirement to identify and verify the beneficial owners of a legal entity customer [...]
FinCEN’s Anti-Money Laundering Regulations for Residential Real Estate Transfers (RRE Rule) establish nationwide reporting requirements for non-financed residential real estate transfers to legal entities or trusts. The effective date originally [...]
On June 27, 2025, FinCEN issued an order permitting OCC, FDIC, and NCUA-supervised institutions to collect Tax Identification Number (TIN) information from a third party rather than directly from their [...]
On June 25, 2025, FinCEN issued orders identifying three Mexico-based financial institutions as primary money laundering concerns. These institutions were involved in illicit opioid trafficking. They collectively laundered millions of [...]
The U.S. Treasury has announced a new FinCEN Exchange series titled “Combating and Obstructing Money Movements Associated with Narcotics and Drug Trafficking Organizations” (COMMAND) focused on combating narcotics trafficking and [...]