Regulations can create winners and losers, as well as kick off unpredictable second-order effects. Most industries already know this. The digital asset sector, however, could be about to find out. On Thursday (May 14), the Senate Banking Committee advanced the long-debated CLARITY Act in a...
A global financial crime watchdog wants Italy to get tougher on money laundering. The Financial Action Task Force (FATF) released an assessment Thursday (April 23) of the Italian government’s anti-money laundering, counter-terrorist financing and proliferation financing (AML/CFT/CPF) measures. While the regulator largely found that the country’s protections and...
The Office of the Comptroller of the Currency (OCC) plans to continue its regulatory reforms in 2026. The regulator’s agenda includes reforms to liquidity risk management, Bank Secrecy Act/anti-money laundering (BSA/AML) compliance and community bank regulation, Comptroller of the Currency Jonathan V. Gould said in...
The Office of the Comptroller of the Currency (OCC) issued two bulletins that it said will improve the effectiveness and efficiency of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance while reducing unnecessary regulatory burden on community banks. In one bulletin, the OCC clarified the examination procedures...
May 14, 2026
Regulations can create winners and losers, as well as kick off unpredictable second-order effects. Most industries already know this. The digital asset sector, however, could be about to find out. On Thursday (May 14), the Senate Banking Committee advanced the long-debated CLARITY Act in a 15-9 vote. The move marks the most significant congressional step […]
November 04, 2025
In September, the Treasury Department extended the public comment period on the implementation of the GENIUS Act, signaling both the complexity and sensitivity of shaping anti-money laundering (AML) and compliance...
June 02, 2025
As nonbank enterprises offer financial services, aided by traditional financial institutions and FinTechs, the emergence of the banking-as-a-service (BaaS) model has promised to transform lending and platforms. But the recent...
April 01, 2025
Witnesses from the ranks of business and banking told lawmakers that efforts to fight payment and investment scams must be aided by a “whole government” approach, along with fine-tuning of...
September 22, 2026
Some of the world’s largest banks have reportedly handled billions of dollars for a Kremlin-backed FinTech that used forgery to enter the international financial system. An investigation by the Financial Times (FT) published Monday (Sept. 21) found that A7, a company established as an alternative to western payment systems, used “old-fashioned money laundering” to move […]
April 23, 2026
A global financial crime watchdog wants Italy to get tougher on money laundering. The Financial Action Task Force (FATF) released an assessment Thursday (April 23) of the Italian government’s anti-money laundering, counter-terrorist financing...
December 12, 2025
The Office of the Comptroller of the Currency (OCC) plans to continue its regulatory reforms in 2026. The regulator’s agenda includes reforms to liquidity risk management, Bank Secrecy Act/anti-money laundering...
November 24, 2025
The Office of the Comptroller of the Currency (OCC) issued two bulletins that it said will improve the effectiveness and efficiency of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance while reducing...
