Risk InboX

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[Risk InboX @AffirmX]

FinCEN issued a final rule extending the effective date of the IA AML Rule for registered and exempt reporting investment advisers from January 1, 2026, to January 1, 2028.
https://t.co/nO5k5MY8im

[Risk InboX @AffirmX]

FinCEN, along with federal banking regulators, issued updated FAQs to help financial institutions prioritize high-value suspicious activity reports (SARs), reducing unnecessary compliance burdens and enhancing support for law enforcement efforts.
https://t.co/cmLkUXwVN1

[Risk InboX @AffirmX]

FinCEN has postponed the reporting requirements of the Residential Real Estate Transfers Rule until March 1, 2026, to reduce industry burden while maintaining protections against illicit finance threats.
https://t.co/FiCXiLyDo7

[Risk InboX @AffirmX]

FinCEN issued a Notice to help FIs detect and report financially motivated sextortion—often targeting boys and involving AI-generated explicit content—to support law enforcement and prevent further harm.
https://t.co/amJlMmwTzl

[Risk InboX @AffirmX]

OFAC has fined Fracht FWO Inc. $1.61 million for egregious violations of U.S. sanctions involving Venezuela and Iran, including contracting with a blocked Venezuelan airline using an aircraft operated by Iran's sanctioned Mahan Air.
https://t.co/WDGCYgKAUe

[Risk InboX @AffirmX]

The FDIC has proposed a rule to simplify and focus requirements for displaying its official digital sign and non-deposit signage on bank websites, apps, and ATMs, aiming to enhance consumer clarity in digital banking.
https://t.co/dpVDotTeax

[Risk InboX @AffirmX]

FinCEN warns financial institutions to watch for illicit activity involving CVC kiosks, which are increasingly used in scams and other crimes.

https://t.co/mso9F5gYLg

[Risk InboX @AffirmX]

A federal judge in Texas struck down a CFPB rule that would have banned medical debt from credit reports, ruling it exceeded the agency's authority under the Fair Credit Reporting Act. https://t.co/3BfMlOoVNc

[Risk InboX @AffirmX]

Federal banking agencies, with FinCEN’s concurrence, issued an optional CIP Rule exemption allowing banks and credit unions to collect taxpayer IDs from third parties due to evolving access methods and identity theft concerns.
https://t.co/KbaUV1lQdr

[Risk InboX @AffirmX]

The Treasury’s OFAC released the fourth video in its “OFAC Basics” series, offering a tutorial on how to seek compliance guidance through the OFAC Hotline and website resources.
https://t.co/oONXq2amME

[Risk InboX @AffirmX]

Federal regulators have temporarily eased appraisal requirements for real estate transactions in wildfire- and wind-damaged areas of Los Angeles County to help speed recovery and loan processing, with the policy in effect until January 8, 2028.
https://t.co/vZrqdxko4w

[Risk InboX @AffirmX]

The 2024 HMDA Modified Loan Application Register (LAR) data, containing loan-level information from nearly 4,900 filers, is now available on the FFIEC's HMDA Platform for easier public access.
https://t.co/CFVgrNXhQq

[Risk InboX @AffirmX]

OFAC published a Final Rule extending recordkeeping requirements from five to ten years, aligning with the extended statute of limitations for certain sanctions violations, and updated its SDN List.
https://t.co/vhYbXGdGUy

[Risk InboX @AffirmX]

FinCEN issued a Geographic Targeting Order requiring money services businesses in 30 ZIP codes near the U.S.-Mexico border to report cash transactions above $200 to combat money laundering and illicit activities by Mexico-based cartels and criminal organizations.

[Risk InboX @AffirmX]

OFAC has launched a new File Finder application on its website, allowing users to search and navigate all static content, including documents like executive orders, advisories, and general licensees, by title, type, and content.
https://t.co/dqMLAIwCn4

[Risk InboX @AffirmX]

FinCEN imposed a $37 million penalty on Brink's Global Services USA for willfully violating the Bank Secrecy Act by failing to implement anti-money laundering controls, enabling illicit activities, including narcotics trafficking.
https://t.co/5Ec0kF2cyI

[Risk InboX @AffirmX]

Scammers are impersonating FTC Chairman Andrew Ferguson and others to trick people into transferring money or sharing personal information.
https://t.co/IbX2Vzjt23

[Risk InboX @AffirmX]

President Trump has appointed Kyle S. Hauptman as NCUA Chairman, with priorities including budgeting reform, efficiency, AI use, financial inclusion, and reassessing regulations for small and low-income credit unions.
https://t.co/Zvfs14tM4G

[Risk InboX @AffirmX]

The CFPB ordered Block, the operator of Cash App, to refund up to $120 million, pay a $55 million penalty, and improve customer service and fraud investigations due to weak security and inadequate responses.
https://t.co/i486tsgezi

[Risk InboX @AffirmX]

The CFPB finalized a rule that will remove medical bills from credit reports, preventing their use in lending decisions, protecting consumers from coercive debt collection practices, and improving credit scores for millions of Americans with medical debt.
https://t.co/CNvBFNr7Oy