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OFAC Imposes $7 Million Penalty on Company Tied to Sanctioned Russian Oligarch
December 4, 2025 / Source: US Department of the Treasury
December 4, 2025Gracetown violated U.S. sanctions despite notice from OFAC that dealings with Kremlin-connected oligarch were unlawful WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed a $7,139,305penalty on Gracetown Inc., a property management company in New York, for violating OFAC’s Russia-related sanctions and for failing to report…
Trust and Wealth Management Training: Trust Department Fundamentals: Bridging Operations and Compliance
December 4, 2025 / Source: Compliance Alliance
Explore the key operational aspects of Trust departments, focusing on critical compliance requirements. This session will equip your organization with the essential knowledge needed to establish and maintain effective, compliant banking practices. Topics covered will include management best practices, relevant policies, and key compliance elements that ensure smooth, sustainable operations. Don’t miss the opportunity to…
Georgia Businessman Sentenced In International Bribery and Money Laundering Scheme
December 3, 2025 / Source: US Department of Justice
A Georgia businessman was sentenced yesterday to eight years in prison for his role in a nearly five-year long scheme to bribe Honduran government officials and to launder money to secure business for a Georgia-based manufacturer of law enforcement uniforms and accessories. He was also ordered to forfeit over $2 million. According to court documents and…
Treasury Targets Money Laundering Network Supporting Venezuelan Terrorist Organization Tren de Aragua
December 3, 2025 / Source: US Department of the Treasury
December 3, 2025 Individuals Including Venezuelan Entertainer “Rosita” Involved in Drug-Fueled Parties to Benefit Terrorist Cartel WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned key affiliates of the designated Foreign Terrorist Organization (FTO), Tren de Aragua (TdA). Notably, today’s action includes the designation of Venezuelan entertainer Jimena Romina Araya…
G7 Cyber Expert Group Publishes Fundamental Elements of Collective Cyber Incident Response and Recovery in the Financial Sector
December 3, 2025 / Source: US Department of the Treasury
December 3, 2025 As part of its Fundamental Elements Series, the G7 Cyber Expert Group – chaired by the U.S. Department of the Treasury and the Bank of England – released today a policy paper on Collective Cyber Incident Response and Recovery in the Financial Sector. Since major cyber incidents increasingly have a global character, effective cyber…
Justice Department Announces Seizure of Tai Chang Scam Compound Domain Used in Cryptocurrency Investment Fraud
December 2, 2025 / Source: US Department of Justice
The Justice Department today announced the seizure of a web domain used to target and defraud Americans through cryptocurrency investment fraud (CIF) scams. The domain, tickmilleas.com, was used by those located at the Tai Chang scam compound (also known as Casino Kosai) located in the village of Kyaukhat, Burma. This domain seizure comes less than…
Comptroller Testifies on Agency Activities
December 2, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—Comptroller Jonathan V. Gould today testified on the Office of the Comptroller of the Currency’s (OCC) activities before the Committee on Financial Services of the U.S. House of Representatives. In his testimony, the Comptroller discussed the OCC’s work to reset its risk tolerance and refocus supervision on material financial risks so banks may better support…
Testimony: Supervision and Regulation
December 2, 2025 / Source: Board of Governors of the Federal Reserve System
December 02, 2025 Supervision and Regulation Vice Chair for Supervision Michelle W. Bowman Before the Committee on Financial Services, U.S. House of Representatives Watch Live Chairman Hill, Ranking Member Waters, and other members of the Committee, thank you for the opportunity to testify on the Federal Reserve’s supervisory and regulatory activities. My testimony today will…
OCC Releases CRA Performance Evaluations for 32 National Banks and Federal Savings Associations
December 1, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of November 1, 2025, through November 30, 2025. Under the CRA, the OCC assesses an institution’s record of meeting the credit needs of its entire community, including low- and…
OCC Maintains Assessment Rates for National Banks and Federal Savings Associations
December 1, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced that it is maintaining assessment rates for the 2026 Calendar Year. OCC-regulated institutions will continue to benefit from the decrease in assessment rates that the agency made as recently as September 2025. For the September 30, 2025, semiannual assessment, the OCC reduced the rates…
Office of the Comptroller of the Currency Fees and Assessments: Calendar Year 2026 Fees and Assessments Structure
December 1, 2025 / Source: Office of the Comptroller of the Currency
Summary This bulletin informs all national banks, federal savings associations, and federal branches and agencies of foreign banks of fees and assessments charged by the Office of the Comptroller of the Currency (OCC) for calendar year 2026. The fees and assessments become effective January 1, 2026. Note for Community Banks This notice applies to all…
Comptroller Issues Statement on Congressional Debanking Report
December 1, 2025 / Source: Office of the Comptroller
WASHINGTON—Comptroller of the Currency Jonathan V. Gould today issued the following statement on the release of the report titled “Operation Chokepoint 2.0: Biden’s Debanking of Digital Assets,” issued by the U.S. House of Representatives’ Financial Services Committee majority staff. The congressional staff report on the Biden Administration’s coordinated effort to debank digital assets confirms what…
FTC Issues Annual Report to Congress on Agency’s Actions to Protect Older Adults
December 1, 2025 / Source: Federal Trade Commission
The report highlights a dramatic increase in the number of older adults reporting losses of over $100,000 to scams December 1, 2025 Tags: Today, the Federal Trade Commission issued its annual report to Congress on protecting older adults, which shows a big increase in the number of older adults reporting losses of over $100,000 to…
FinCEN Issues Alert on Cross-Border Funds Transfers Involving Illegal Aliens
December 1, 2025 / Source: Financial Crimes Enforcement Network
Immediate Release November 28, 2025 WASHINGTON —Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing an Alert as part of Treasury’s effort to prevent the exploitation of the U.S. financial system by illegal aliens in the United States seeking to move illicitly obtained funds. Annually over the past several years, the United States…
Request for Information: Streamlining the Call Report
December 1, 2025 / Source: National Archives and Records Administration
The OCC, the Board, and the FDIC (the agencies) seek public input on sources of regulatory reporting burden for institutions that currently file the Consolidated Reports of Condition and Income (Call Report) (FFIEC 031, FFIEC 041, and FFIEC 051). This request for information (RFI) offers the opportunity for interested stakeholders to identify ways that the…
Tool Segment: Board Reporting Checklist for Compliance, Audit, and Information Technology
November 26, 2025 / Source: Compliance Alliance
As a Compliance Officer, are you uncertain about which regulations require reporting to the Board and how frequently those reports must be submitted? Join Kelly Owsley as she walks you through the Board Reporting Checklist for Compliance, Audit, and Information Technology. This tool ensures regulatory compliance while keeping the Board informed on the Bank’s most…
Leader of Colombian Money Laundering Organization Sentenced to Five Years in Prison For Laundering Drug Proceeds
November 26, 2025 / Source: US Department of Justice
A Colombian national was sentenced today to 60 months in prison for conspiring to launder drug proceeds. He was also ordered to forfeit $1.2 million. According to court documents, Michael Nunez Daza, also known as “Luky,” 49, led a transnational money laundering organization operating in Colombia, Mexico, and the United States. Nunez Daza orchestrated bulk…
OCC Issues First and Second Quarter 2026 CRA Evaluation Schedule | OCC
November 25, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first and second quarters of 2026. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the…
FHFA Announces Conforming Loan Limit Values for 2026
November 25, 2025 / Source: Federal Housing Finance Agency
Baseline Conforming Loan Limit Value Will Increase to $832,750for immediate release 11/25/2025 Washington, D.C. – U.S. Federal Housing (FHFA) today announced the conforming loan limit values (CLLs) for mortgages Fannie Mae and Freddie Mac (the Enterprises) will acquire in 2026. In most of the United States, the 2026 CLL value for one-unit properties will be $832,750, an…
U.S. House Prices Rise 2.2 Percent Year over Year; Up 0.2 percent Quarter over Quarter
November 25, 2025 / Source: Federal Housing Finance Agency
Washington, D.C. – U.S. house prices rose 2.2 percent between the third quarter of 2024 and the third quarter of 2025, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the third quarter of 2025 rose 0.2 percent compared to the second quarter of 2025. FHFA’s seasonally adjusted monthly index…
FDIC OIG Recognizes International Fraud Awareness Week
November 25, 2025 / Source: Office of Inspector General Federal Deposit Insurance Corporation
November 25, 2025 Last week, the OIG recognized International Fraud Awareness Week, a global effort to minimize the impact of fraud by promoting anti-fraud awareness and education. As the independent office that works to detect and deter waste, fraud, and abuse, the Office of Inspector General (OIG) wants to take this opportunity to remind employees about…
Compliance Date Extension: Sections 328.4 and 328.5 Amendments to FDIC Official Signs and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo Rule
November 25, 2025 / Source: Federal Deposit Insurance Corporation
Summary: The Federal Deposit Insurance Corporation (FDIC) is extending the compliance date from March 1, 2026, to January 1, 2027, for the requirements under 12 CFR 328.5 to display the FDIC official digital sign on an insured depository institution’s (IDI’s) digital deposit-taking channels, as well as analogous requirements related to IDI’s automated teller machines (ATMs)…
FDIC Finalizes Regulatory Threshold Updates and Indexing to Reflect Inflation
November 25, 2025 / Source: Federal Deposit Insurance Corporation
November 25, 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a final rule that updates certain regulatory thresholds to reflect historical inflation, including those under 12 CFR part 363 related to annual independent audit and reporting requirements, and provides for future adjustments to those thresholds based on inflation. The changes…
Agencies issue proposal to enhance community banks’ ability to serve their communities while maintaining strong capital requirements
November 25, 2025 / Source: Board of Governors of the Federal System
For release at 1:30 p.m. EST The federal bank regulatory agencies today invited public comment on a proposal that would implement changes to the community bank leverage ratio framework in accordance with statutory authority. By incorporating these changes, the revisions would reduce regulatory burden and provide community banks with greater flexibility and optionality in their…
Agencies issue final rule to modify certain regulatory capital standards
November 25, 2025 / Source: Board of Governors of the Federal Reserve System
For release at 1:30 p.m. EST The federal bank regulatory agencies today jointly issued a final rule that modifies certain regulatory capital standards to reduce disincentives a banking organization may have to engage in lower-risk activities, such as intermediating in U.S. Treasury markets. The final rule is substantially similar to the proposal issued in June, with changes…