On October 9, 2025, the Financial Crimes Enforcement Network (FinCEN) issued a new set of Frequently Asked Questions (FAQs) to provide greater clarity on several recurring issues under the Suspicious Activity Reporting (SAR) regime. Developed in collaboration with the...
Research & insights
Technical Compliance
Sep 13, 2024 Banking, Regulatory, Sanctions, Technical Compliance
The Office of the Comptroller of the Currency (OCC) has published an AML sanctions consent order for Wells Fargo, highlighting substantial compliance challenges that remain. The comprehensive 28-page order outlines several critical areas requiring attention, including...
Aug 8, 2024 Regulatory, Technical Compliance
On June 28, 2024, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a proposed rule aimed at strengthening and modernizing financial institutions’ anti-money laundering and countering the financing of terrorism (AML/CFT)...
Aug 6, 2024 Money Laundering, Regulatory, Technical Compliance
This Follow-Up Report (March 26, 2024) analyzes the United States' progress in addressing the technical compliance deficiencies identified in its Mutual Evaluation Report. The United States has made significant progress in relation to Recommendation 24 on transparency...