News & Analysis as of

BSA/AML Regulatory Oversight

Moore & Van Allen PLLC

Update from the Clearing House Annual Conference: Regulatory Shifts, AI in Focus, and Leadership Lessons from Eli Manning

Moore & Van Allen PLLC on

The Clearing House conference was insightful as always.  Here are our main takeaways.  Preemption remains alive and well-at least at the OCC....more

Sheppard Mullin Richter & Hampton LLP

OCC Settles with Bank Over Alleged BSA/AML Violations

On October 16, the OCC announced a formal agreement with a national bank in Florida for alleged unsafe or unsound practices related to board oversight, corporate governance, strategic and capital planning, and compliance with...more

Orrick, Herrington & Sutcliffe LLP

Fed’s Barr highlights gaps in GENIUS Act for regulators to bridge

On October 16, Fed Governor Michael Barr spoke on the rapid pace of payments innovation, highlighting both the opportunities and risks presented by technologies such as stablecoins, AI, and real-time payments. ...more

Orrick, Herrington & Sutcliffe LLP

OCC announces enforcement actions for October 2025, including one formal agreement

On October 16, the OCC announced enforcement actions for October, including one new formal agreement and four terminations of prior agreements. The OCC entered into a formal agreement with a national bank in September after...more

Morrison & Foerster LLP

FinCEN Streamlines SAR Guidance: New FAQs Focus on Risk-Based AML Compliance

Morrison & Foerster LLP on

On October 9, 2025, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) jointly with the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance...more

Orrick, Herrington & Sutcliffe LLP

FinCEN Issues FAQs Clarifying SAR Reporting Requirements

On October 9, 2025, the Financial Crimes Enforcement Network (FinCEN), along with the banking and credit union regulators, issued guidance in the form of frequently asked questions (FAQs) addressing the regulatory...more

Patomak Global Partners

Understanding the New De-Banking Executive Order

Situation Overview: On August 7, 2025, President Trump issued an Executive Order (the “Order”) entitled “Guaranteeing Fair Banking for All Americans”, which has implications for retail and institutional fair lending...more

Nutter McClennen & Fish LLP

Nutter Bank Report: September 2025

The OCC has announced actions it is taking to eliminate alleged politicized or unlawful debanking in the federal banking system in response to President Trump’s Executive Order 14331, titled Guaranteeing Fair Banking For All...more

Davis Wright Tremaine LLP

Treasury Issues Advanced Notice of Proposed Rulemaking on GENIUS Act Implementation

Now that the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act has now been enacted into law, the focus moves to the agency rulemaking that will implement it. On September 18, 2025, the U.S....more

Orrick, Herrington & Sutcliffe LLP

Congressional report outlines AI tools in capital markets

On September 15, the Congressional Research Service released a report outlining the impact of AI tools in capital markets, highlighting several AI use issues pertinent to capital markets that Congress may want to consider...more

Thomas Fox - Compliance Evangelist

Regulatory Ramblings: Episode 78 - How Well Does the Money Laundering Control System Work? Spotlight on: Rethinking AI Regulation:...

The podcast begins with a brief conversation between Oonagh and Regulatory Ramblings host Ajay Shamdasani about her September 8, 2025, LinkedIn article, “Rethinking AI Regulation: Why Current Approaches Are Falling Short.” ...more

Cooley LLP

OCC Bulletins Announce Plans to Eliminate Debanking

Cooley LLP on

On September 8, the Office of the Comptroller of the Currency (OCC) issued two bulletins aimed at eliminating “politicized or unlawful debanking” by the banks it supervises. The OCC’s guidance is “consistent with” President...more

Orrick, Herrington & Sutcliffe LLP

OCC announces actions to address politicized debanking practices

On September 8, the OCC announced new actions that aim to eliminate “politicized or unlawful debanking” in the federal banking system, consistent with Executive Order 14331: “Guaranteeing Fair Banking For All Americans”...more

Sheppard Mullin Richter & Hampton LLP

OCC Terminates 2022 Consent Order Against National Bank

On August 18, the OCC terminated its 2022 consent order against a national bank. The order was issued under the Bank Secrecy Act and related anti-money laundering regulations, and required the bank to implement corrective...more

Orrick, Herrington & Sutcliffe LLP

OCC terminates 2022 consent order against federally chartered digital asset bank

On August 18, the OCC terminated its 2022 consent order against a federally chartered bank specializing in digital assets. The OCC, in support of its decision, cited the safety and soundness of the bank and its compliance...more

Ballard Spahr LLP

FDIC clarifies that CIP Rule does not preclude using pre-populated customer information

Ballard Spahr LLP on

On August 5, 2025, the Federal Deposit Insurance Corporation (FDIC) issued FIL-39-2025 to state that an FDIC-supervised institution can use pre-populated customer information to satisfy the requirements of the Customer...more

Womble Bond Dickinson

Update on 2025 U.S. Stablecoin Legislation

Womble Bond Dickinson on

In July 2025, the U.S. Congress advanced a landmark package of legislative measures aimed at establishing a comprehensive federal framework for the regulation of cryptocurrencies and stablecoins. ...more

BCLP

The GENIUS Act Ushers in a New Era for Stablecoin Regulation

BCLP on

On July 17, 2025, Congress passed the Guiding and Establishing National Innovation for U.S Stablecoins Act (“GENIUS Act” or “Act”) – a landmark piece of legislation that received bipartisan support and was signed into law by...more

Alston & Bird

GENIUS Act Establishes Federal Regulatory Oversight of Global Stablecoin Industry

Alston & Bird on

Our Privacy, Cyber & Data Strategy and White Collar, Government & Internal Investigations Teams examine how the GENIUS Act’s framework for stablecoin issuers will impact the cryptocurrency sector....more

Troutman Pepper Locke

The GENIUS Act: What Is It and What’s Next?

Troutman Pepper Locke on

On June 17, the U.S. Senate voted 68-30 to pass S.1582, the Guiding and Establishing National Innovation for U.S. Stablecoins Act, known as the GENIUS Act (the Act). This represents a landmark effort by the U.S. Congress to...more

Fenwick & West LLP

5 Things Fintech Startups Need to Know About AML Compliance

Fenwick & West LLP on

Bank-fintech partnerships have transformed the financial services landscape, creating new opportunities and challenges for traditional banking institutions and innovative technology companies alike. ...more

Fenwick & West LLP

Bank-Fintech Partnerships Under Scrutiny: What Fintechs Need to Know About AML Expectations

Fenwick & West LLP on

Bank-fintech partnerships have transformed the financial services landscape, creating new opportunities and challenges for traditional banking institutions and innovative technology companies alike. In a typical arrangement,...more

Orrick, Herrington & Sutcliffe LLP

RegFi Episode 59: Don’t Sleep on the States: Financial Regulatory, Compliance & Enforcement Trends

RegFi co-hosts Jerry Buckley and Sherry Safchuk welcome fellow Orrick partner Katy Ryan to discuss the state financial regulatory landscape. Katy provides an overview of how federal agencies and states interact in our...more

Cadwalader, Wickersham & Taft LLP

FinCEN’s Proposed Rulemaking: Enhancing Transparency in Residential Real Estate

While many Americans are struggling to achieve the dream of homeownership, there are criminals that abuse the housing market for financial gain. To avoid the scrutiny of financial institutions that have anti-money laundering...more

Mayer Brown Free Writings + Perspectives

FINRA Publishes 2024 Annual Regulatory Oversight Report

New Topics and Content Highlight FINRA’s Increased Focus on Cybersecurity, Crypto Assets, Artificial Intelligence, Market Integrity, Off-Channel Communications and Other Key Risk Areas - On January 9, 2024, the Financial...more

67 Results
 / 
View per page
Page: of 3

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide