Swiss Sanctions Updates for Ukraine Annex 8 Amendments
SECO amended annex 8 to the Ordinance on Measures Relating to the Ukraine Situation, adding 9 individuals and modifying entries for 132 individuals and 77 organizations. The amendments took effect at 11 pm on April 1, 2026, updating Swiss sanctions in coordination with international measures.
Delcy Rodriguez removed from Venezuela sanctions list
OFAC removed Delcy Rodriguez (a.k.a. Delcy Eloina Rodriguez Gomez) from the Specially Designated Nationals List on April 1, 2026. The Venezuelan national, previously designated under Venezuela sanctions, has been delisted. Entities previously prohibited from dealings with her due to her SDN status should update their screening systems accordingly.
Supporting Small Businesses
Vice Chair Bowman delivered remarks at CBA LIVE 2026 emphasizing small businesses' vital role in the U.S. economy. She noted that in 2023, small businesses employed 59 million Americans (nearly half of private-sector jobs), generated $16 trillion in revenue, and contributed 44 percent of GDP. The speech highlighted that banks hold approximately $600 billion in small business loans under $1 million, with the smallest banks (under $10 billion in assets) holding nearly one-third of these loans.
Tunasan Shipping Authorization Revoked
The Financial Services Commission, Mauritius revoked the authorization of Tunasan Shipping Incorporated (Authorisation No. AU24201181) pursuant to section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution of its business and discharge of liabilities in accordance with the Insolvency Act.
Toila Shipping Limited Authorisation Revoked
The Financial Services Commission, Mauritius (FSC Mauritius) has revoked the authorisation of Toila Shipping Limited (Authorisation No. AU24201819) pursuant to section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution of its business and discharge its liabilities in accordance with the Insolvency Act.
Revocation of Tukay Shipping Incorporated Financial Services Authorization
The Financial Services Commission, Mauritius revoked the authorization of Tukay Shipping Incorporated (Authorization No. AU24201179) under section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution proceedings and discharge liabilities per the Insolvency Act.
Revocation of Yukai Limited Authorisation
The Financial Services Commission Mauritius has revoked the authorisation of Yukai Limited (AU24201457) under section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution proceedings and discharge its liabilities in accordance with the Insolvency Act. This enforcement action affects Yukai Limited's ability to conduct regulated financial services activities in Mauritius.
Revocation of Authorisation - Yuragi Limited
The Financial Services Commission Mauritius (FSC) has revoked the authorisation of Yuragi Limited (Authorisation No. AU24201449) under section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution and discharge its liabilities in accordance with the Insolvency Act. This enforcement action reflects the FSC's ongoing supervision of authorised entities operating in Mauritius.
Indefinite Prohibition - Nicholas Buckley - Retail Intermediaries
The Central Bank of Ireland issued an indefinite Prohibition Notice to Nicholas Buckley, effective 25 February 2026. Buckley, while employed at two retail intermediaries between 1 February 2021 and 12 December 2023, diverted client invoice payments to his personal bank account and misrepresented his financial qualifications. The prohibition bars him from performing any controlled functions in regulated financial services indefinitely.
OCC Meeting with BlackRock on Regulatory Matters
The Office of the Comptroller of the Currency published a meeting summary documenting a discussion with BlackRock representatives on regulatory matters. The document provides transparency into examiner-industry dialogue but contains no new regulatory requirements, policy changes, or compliance deadlines.
Whistleblower Incentives and Protections under the Bank Secrecy Act
FinCEN published a proposed rule to establish a whistleblower program implementing section 6314 of the Anti-Money Laundering Act of 2020 and the AML Whistleblower Improvement Act. The proposed rule (RIN 1506-AB57) would provide monetary awards of 10-30% of sanctions exceeding $1 million to individuals who voluntarily report violations of the Bank Secrecy Act, IEEPA, TWEA, and the Foreign Narcotics Kingpin Designation Act. The program would also establish employment protections against retaliation.
OCC rescinds recovery planning guidelines for large banks
The OCC has issued a final rule rescinding its 2016 Recovery Planning Guidelines (12 CFR Part 30, Appendix E) that applied to large insured national banks, federal savings associations, and federal branches with $250 billion or more in assets. The agency cites ongoing assessment of its supervisory framework to eliminate unnecessary regulatory burden as the rationale. The rule is effective May 1, 2026.
Consumer Compliance Supervisory Highlights
The FDIC published its annual Consumer Compliance Supervisory Highlights for 2026, summarizing consumer compliance supervisory activities and issues identified through 2025 examinations of state non-member banks and thrifts. The report covers overall performance, most frequently cited violations, and consumer complaint trends.
Consumer Compliance Supervisory Highlights 2026
The FDIC issued the 2026 Consumer Compliance Supervisory Highlights, summarizing consumer compliance issues identified in 2025 through supervision of state non-member banks and thrifts. The publication includes overall performance summaries, most frequently cited violations, and consumer complaint trends. This is an annual transparency report providing oversight insights rather than new regulatory requirements.
Stricter VASP Entry and AML Rules
The Financial Services Commission of Korea proposed amendments to the Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information to strengthen VASP registration requirements and AML duties. Key changes include expanded major shareholder scrutiny, new financial soundness requirements (200% debt ratio cap), and extension of the travel rule to transactions below KRW 1,000,000. The FSC seeks public comment on these proposals.
Scam Alert - Fraudulent Banking Websites
The Hong Kong Monetary Authority issued a scam alert warning the public about fraudulent websites and phishing scams targeting customers of four Hong Kong banks: The Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, and OCBC Bank (Hong Kong). The HKMA reminded the public that banks will not send SMS or emails with embedded hyperlinks requesting sensitive information such as login passwords or One-Time Passwords.
Exchange Fund Bills Tender Results
The HKMA announced results of two Exchange Fund Bills tenders conducted on 31 March 2026. Issue Q2613 attracted HK$133.6B in applications with HK$69.5B allotted at average yield of 1.90%. Issue H2642 attracted HK$55.5B in applications with HK$20B allotted at average yield of 2.11%. This is routine market data publication with no regulatory implications.
HKMA Bulletin on Hong Kong Bond Market
The Hong Kong Monetary Authority published Bulletin Issue 01/2026, which contains a statistical article titled 'The Hong Kong Bond Market in 2025'. The bulletin provides an overview and analysis of bond market activity in Hong Kong for 2025. This is an informational publication with no new regulatory requirements.
February 2026 Monetary Statistics - Deposit and Loan Growth
The Hong Kong Monetary Authority published February 2026 monetary statistics showing total deposits with authorized institutions increased 0.9% month-over-month. Hong Kong dollar deposits decreased 0.2% while foreign currency deposits increased 1.7%. Renminbi deposits rose 3.6% to RMB1,029.3 billion, with cross-border trade settlement remittances totaling RMB866.5 billion.
Exchange Fund Abridged Balance Sheet and Currency Board Account
The Hong Kong Monetary Authority released February 2026 Exchange Fund data showing total assets of HK$4,293.5 billion as at 28 February 2026, an increase of HK$7.9 billion from January 2026. Foreign currency assets increased by HK$47.4 billion while Hong Kong dollar assets decreased by HK$39.5 billion. The Backing Ratio increased to 111.32%.
Foreign Currency Reserves Data Release
The Hong Kong Monetary Authority released monthly analytical data on Hong Kong SAR's foreign currency reserves and foreign currency liquidity as at end of February 2026. The data is published in the Template on International Reserves and Foreign Currency Liquidity under the IMF's Special Data Dissemination Standard. This is a routine monthly statistical release providing transparency on Hong Kong's reserve position.
Residential Mortgage Survey Results - February 2026
The Hong Kong Monetary Authority released February 2026 residential mortgage survey results showing a 10.8% month-on-month decline in mortgage approvals to HK$29 billion. Applications decreased 7.5% to 8,125, while drawn loans fell 24.4% to HK$16.4 billion. The mortgage delinquency ratio remained low at 0.13% and outstanding mortgage loans increased 0.2% to HK$1,926.3 billion.
MAC Federal Credit Union Merger with Credit Union 1
NCUA received a merger application from MAC Federal Credit Union to merge with Credit Union 1. The filing is under review with a public comment deadline of May 28, 2026. This is a routine credit union merger notice subject to NCUA approval procedures.
MAC Federal Credit Union Member Notice Supporting Merger
NCUA received a member notice from MAC Federal Credit Union in support of a merger docket (NCUA-2026-0694). The notice documents member sentiment regarding the proposed credit union merger. This submission is part of the regulatory record for the NCUA to consider when evaluating merger applications.
Export Realization Timeline Extension for Indian Exporters
Reserve Bank of India has extended the enhanced export credit period of 450 days for disbursals made until June 30, 2026, in response to continuing logistical disruptions from the West Asia crisis. This extends an earlier measure that had been set to expire March 31, 2026. The 15-month timeline for realization and repatriation of export proceeds, originally extended from 9 months in November 2025, remains in force.
NCUA Prohibition Orders for Bank Fraud and Theft Convictions
The National Credit Union Administration issued two conviction-based prohibition orders in March 2026 against Daniel Johnson and Jacqueline Burns. Johnson was convicted of bank fraud in the U.S. District Court for the Southern District of Indiana, while Burns was convicted of theft of property valued between $150,000 and $300,000 in Galveston County, Texas. Both individuals are permanently prohibited from participating in the affairs of any federally insured depository institution.
Canadian Economy and Cyber Risk Assessment Fireside Chat
OSFI Superintendent Peter Routledge delivered remarks at Bank of America's Expert Insights Series on March 30, 2026, discussing the resilience of Canada's financial system amid geopolitical uncertainty. He highlighted cyber threats and integrity risks as key concerns, noting that Canada's banking sector has remained stable despite global volatility. The speech also addressed proposed capital adequacy framework recalibrations and growing non-bank financial intermediary (NBFI) lending.