On September 3, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published an alert and accompanying Financial Trend Analysis (FTA) revealing that approximately $12.7 billion in financial activity tied to suspected digital asset investment scams flowed through the U.S. financial system between September 2023 and December 2025. The alert, designated FIN-2026-Alert005
On September 2, 2026, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Financial Crimes Enforcement Network (FinCEN) issued a Joint Statement on Suspicious Activity Report (SAR) Confidentiality Considerations Regarding Communications with
On August 13, 2026, U.S. District Judge Eric Komitee of the Eastern District of New York issued a decision in Spetner v. Palestine Investment Bank that should command the attention of every financial institution operating in the United States. The court allowed claims to proceed under the Anti-Terrorism Act (ATA) against Palestine Investment Bank (PIB)
On July 21, 2026, Financial Crimes Enforcement Network (FinCEN) Director Andrea Gacki appeared before the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions to deliver written testimony outlining the agency’s current priorities. The hearing provided a comprehensive window into FinCEN’s evolving posture on fraud prevention, Bank Secrecy Act (BSA) modernization
On July 14, 2026, a split 9th U.S. Circuit Court of Appeals panel affirmed a preliminary injunction barring enforcement of the Financial Crime Enforcement Network’s (FinCEN) border geographic targeting order (GTO), the rule requiring money service businesses (MSBs) along the U.S.-Mexico border to file currency transaction reports on cash transactions as low as $200. Writing
On May 21, 2026, the Office of the Comptroller of the Currency (OCC) made public an April 2026 consent order (AA-ENF-2025-21) against a federal savings association based in the Northeast for deficiencies in its Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. The order is the latest in a growing line of enforcement actions demonstrating that
On February 13, 2026, the Financial Crimes Enforcement Network (FinCEN) issued a significant order (FIN-2026-R001) granting exceptive relief to covered financial institutions from the long-standing requirement to identify and verify the beneficial owners of legal entity customers at each new account opening. While this development will be welcomed by many in the financial services industry