Banking
Banks, lenders, credit, regulation, and financial stability.
FinCEN proposes overhaul of financial institution AML/CFT programs
FinCEN has proposed a new rule to fundamentally reform AML/CFT programs for financial institutions and withdraw its 2024 proposal.
FDIC, OCC and NCUA seek comment on new AML/CFT program rule
The FDIC, OCC and NCUA have requested comment on a proposed AML/CFT program rule tied to FinCEN’s concurrent reform effort.
FDIC and OCC issue final rule removing 'reputation risk' from supervision
The FDIC and OCC have issued a final rule removing reputation risk from supervision and replacing earlier guidance with binding text.
FCA warning list adds new unauthorised firms and clone alerts
The FCA has updated its warning list with a new unauthorised firm and several clone or unauthorised-firm alerts.
FDIC approves proposal to implement GENIUS Act requirements for stablecoin issuers
The FDIC approved a proposal to implement GENIUS Act requirements for stablecoin issuers it supervises, including reserve, redemption and capital rules.
FDIC approves stablecoin, AML, and reputation-risk rulemaking at April 7 board meeting
The FDIC Board approved a package of rulemaking that includes a stablecoin proposal, AML/CFT changes and a final rule on reputation risk.
FDIC board schedules open meeting on stablecoin, AML, and reputation-risk rules
The FDIC Board approved a package that includes a stablecoin rule proposal, AML/CFT changes and a final rule to remove reputation risk from supervision.