On September 8, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an alert to assist financial institutions in identifying and reporting on procurement networks that support Iran’s commercial aviation industry. The alert, designated FIN-2026-Alert006, supports Operation Economic Outcast, which is the Trump administration’s campaign to sever the economic lifelines
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 28, 2026, the Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking (NPRM) finding that the five United Arab Emirates-based branches of Egypt’s state-owned Banque Misr — collectively, “Banque Misr UAE” — are financial institutions of primary money-laundering concern. The proposed rule, issued under Section 311 of the USA PATRIOT Act
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 11, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an alert designed to help financial institutions identify and disrupt funding streams and procurement networks supporting Iran’s Islamic Revolutionary Guard Corps (IRGC). The alert arrives at a moment of intensified U.S. economic pressure on the Iranian regime — part
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
Two recent guilty pleas by former TD Bank employees — Oscar Marcel Nunez-Flores and Wilfredo Aquino — are a timely reminder that insider-enabled money laundering can defeat control frameworks if banks do not actively design for, detect, and deter employee misconduct. These cases come on the heels of TD Bank’s October 2024 criminal guilty plea