Consumer Complaint and Inquiry Records System Modification
The FDIC is modifying its existing system of records FDIC-005, "Consumer Complaint and Inquiry Records," renaming it to "Consumer Complaint and Public Inquiry Records." The modification updates various sections of the SORN, simplifies formatting, and adds four proposed routine uses for public comment. The action becomes effective April 2, 2026, with comments due May 4, 2026.
Near-zero labor force growth affects breakeven employment, GDP
Federal Reserve economists Seth Murray and Ivan Vidangos published a FEDS Notes analysis on April 2, 2026, examining how projected near-zero labor force growth in the United States will affect breakeven employment levels and potential GDP growth. The paper highlights that the labor force is expected to grow at near-zero rates starting in 2026, driven by weak population growth from low net immigration and declining labor force participation due to population aging. The research notes that this would represent an unprecedented shift in U.S. labor market dynamics.
FIAU Enforcement Process and Settlement Provisions Training
The FIAU Malta announced two legal notices (LN 82 and LN 83 of 2026) amending the PMLFTR and CBAR Regulations, introducing settlement agreement powers for administrative penalties and transitional provisions for out-of-court settlements in pending appeals. The FIAU is hosting training sessions on April 2, 2026, to explain the forthcoming Enforcement Guide and new settlement framework.
Payment Platform Directed to Appoint External Auditor for AML/CTF Compliance
AUSTRAC has directed MHITS Limited, a payment platform, to appoint an external auditor within 180 days to assess its AML/CTF compliance. The action follows a supervisory campaign that identified deficiencies in transaction monitoring and suspicious matter reporting (SMRs), with particular concern about funds linked to child sexual exploitation flowing through payment platforms. The audit will be conducted at MHITS Limited's expense.
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
The Board of Governors of the Federal Reserve System published a Federal Register notice regarding Change in Bank Control Notices for acquisitions of shares in banks or bank holding companies. This routine notice provides updated information on the regulatory process for reporting and obtaining approval for acquisitions that would result in control of a depository institution. The notice appears to be a standard publication update with no new substantive requirements.
OCC Rescinds Bank Recovery Planning Guidelines
The OCC has issued a final rule rescinding its Guidelines Establishing Standards for Recovery Planning for certain large insured national banks, federal savings associations, and federal branches. The rule eliminates recovery planning requirements that previously applied to institutions with $100 billion or more in average total consolidated assets. The rescission is effective May 1, 2026.
Whistleblower Program Incentives and Protections for BSA and Sanctions Violations
FinCEN published a notice of proposed rulemaking to establish a whistleblower program offering financial incentives and protections for individuals who report potential violations of the Bank Secrecy Act, IEEPA, TWEA, and Foreign Narcotics Kingpin Designation Act. The proposed rule implements statutory requirements from the AML Act of 2020 and AML Whistleblower Improvement Act. Public comments are due June 1, 2026.
Citizens Coinage Advisory Committee Public Meeting Notice
The United States Mint (Department of the Treasury) published a Federal Register notice announcing a public meeting of the Citizens Coinage Advisory Committee scheduled for April 21, 2026. The advisory committee provides recommendations on coinage design, themes, and related United States Mint program matters. This is a routine meeting announcement with no new regulatory requirements.
UN adds HAMIDAH NABAGALA to ISIL sanctions list
The UN Security Council Committee pursuant to resolutions 1267 (1999), 1989 (2011) and 2253 (2015) approved the addition of HAMIDAH NABAGALA (QDi.439) to the ISIL (Da'esh) and Al-Qaida Sanctions List on 30 March 2026. The individual, a Ugandan national born 9 March 1996, is subject to an assets freeze, travel ban, and arms embargo under Security Council resolution 2734 (2024) adopted under Chapter VII of the UN Charter.
Privacy Act System of Records FDIC-005 Modification
The FDIC is modifying Privacy Act system of records FDIC-005, renaming it from 'Consumer Complaint and Inquiry Records' to 'Consumer Complaint and Public Inquiry Records.' The agency is seeking public comment on four proposed routine uses and making non-substantive formatting improvements to the notice.
Master Direction on Currency Exchange Procedures for Banks
The Reserve Bank of India issued a Master Direction consolidating all existing guidelines on the Facility for Exchange of Notes and Coins. The direction covers procedures for exchanging soiled, mutilated, and imperfect notes; coin distribution; grievance redressal; and monitoring requirements. All previous circulars listed in Annex II and earlier Master Circulars on the subject stand withdrawn from the effective date.
Master Direction on Counterfeit Notes – Detection, Reporting and Monitoring
The Reserve Bank of India issued a Master Direction establishing consolidated requirements for banks on counterfeit currency note detection, reporting, and monitoring. The Direction codifies existing instructions and adds procedural requirements for branch-level detection, customer authentication protocols, and reporting timelines to RBI and law enforcement authorities. All banks regulated by RBI must comply with these detection and reporting standards.
Master Direction on Currency Distribution Incentives and Penalties for Banks
The Reserve Bank of India has issued a Master Direction consolidating guidelines on incentives for currency distribution and exchange, along with penal provisions for bank branches and Currency Chests (CCs) deficient in customer service and reporting. The Direction references RBI/DCM/2026-27/393 and DCM (CC) No. G-3/03.06.001/2026-27. All previously issued circulars and Master Directions on this subject (listed in Annex III) are withdrawn with immediate effect.
Overseas Investment References - Decentralized Regional Office Processing
The Reserve Bank of India has decentralized the processing of overseas investment references from its Central Office to seven Regional Offices (Ahmedabad, Bengaluru, Mumbai, Kolkata, New Delhi, Hyderabad, Chennai), effective April 1, 2026. Authorised Dealer Category I banks must now submit references through the PRAVAAH portal to the designated regional office based on the UIN (Unique Identification Number) prefix of the foreign entity. This administrative change is being made to the Master Direction - Overseas Investment dated July 24, 2024.
Lead Bank Assignment for New Kushavati District in Goa
RBI has designated State Bank of India as the Lead Bank for the newly created Kushavati district in Goa, effective March 30, 2026. The district, formed by the Government of Goa, has been assigned District Working Code '02W'. No changes have been made to Lead Bank assignments for other districts in Goa.
One ISIL entry added to UN sanctions list
RBI issued notification RBI/2026-27/01 requiring regulated entities to implement updates to the UN Security Council ISIL (Da'esh) and Al-Qaida Sanctions List. One individual, Hamidah Nabagala (QDi.439), a Ugandan national born March 9, 1996, has been added to the list pursuant to UNSC resolutions 1267, 1989, and 2253. The individual is subject to assets freeze, travel ban, and arms embargo measures as set out in Security Council resolution 2734 (2024).
Reserve Bank of India Trade Relief Measures Directions 2026
RBI issued Trade Relief Measures Directions 2026 (RBI/2025-26/263) effective March 31, 2026, extending export credit tenor to up to 450 days for pre-shipment and post-shipment financing. The directions allow regulated entities to permit enhanced credit periods and permit liquidation of packing credit facilities from alternate sources for exporters impacted by the West Asian crisis.
Revised Risk Management Directions for Authorised Dealers on INR Derivatives
RBI issued Circular No. 03 under A.P. (DIR Series) restricting Authorised Dealers from offering non-deliverable derivative contracts involving INR to any users. Deliverable FX derivatives remain permitted only where users do not hold offsetting non-deliverable positions. Rebooking of cancelled INR derivatives and related party transactions involving INR derivatives are also prohibited. Instructions are effective immediately under FEMA 1999.
FEMA Guarantee Reporting Requirements and Forms
The Reserve Bank of India issued A.P. (DIR Series) Circular No. 01 establishing new reporting requirements for guarantee transactions under FEMA (Guarantees) Regulations, 2026. Authorised dealer banks must report guarantee issuances, modifications, and invocations using three new forms (GRN Issue, GRN Modification, GRN Invocation) via the Centralised Information Management System within 30 calendar days of each quarter end. Each guarantee issuance requires a unique Guarantee Transaction Number.
MoU between DFSA and Ministry of Economy and Tourism on Regulatory Cooperation
The Dubai Financial Services Authority (DFSA) and the UAE Ministry of Economy and Tourism signed a Memorandum of Understanding to enhance cooperation and information exchange regarding regulatory oversight of auditors and Designated Non-Financial Businesses and Professions (DNFBPs). The agreement supports shared objectives of maintaining transparency, accountability, and integrity while reinforcing joint efforts to combat money laundering, terrorism financing, and illicit activities.
Rescission of Recovery Planning Guidelines for Large Insured Banks
The OCC is rescinding its recovery planning guidelines at 12 CFR 30, appendix E, along with related handbook guidance and prior OCC bulletins on this topic. The final rule takes effect 30 days after Federal Register publication. Banks with less than $100 billion in average total consolidated assets are not affected.
CFTC v. Singh - FTX Engineering Fraud Disgorgement and Trading Ban
The CFTC announced a supplemental consent order against Nishad Singh, former FTX head of engineering, imposing $3.7 million in disgorgement, a five-year trading ban, and an eight-year registration ban. The order resolves the CFTC's enforcement action based in part on Singh's cooperation, including his guilty plea in the parallel criminal case United States v. Singh to six counts including conspiracy to commit commodities fraud.
Entity Exclusion Details Record
The General Services Administration added a new exclusion record to SAM.gov, debarring a specific entity from federal procurement and non-procurement transactions. This action restricts the named party from receiving federal contracts, grants, or other benefits subject to federal exclusion regulations.
Deena Leann McDaniel Exclusion - Department of the Interior
The U.S. Department of the Interior has recorded an exclusion action against Deena Leann McDaniel in the System for Award Management (SAM.gov). The exclusion appears in the federal debarment and suspension database, indicating the individual is prohibited from receiving federal contracts, grants, and other federal assistance. Federal contractors and grantees must check the SAM.gov exclusion list before awarding subcontracts or engagements.
2026 Household Debt Management Plan Decoupling Finance from Real Estate
The Financial Services Commission announced its 2026 household debt management plan targeting a 1.5 percent growth rate for household debt, down from 1.7 percent in 2025. The plan aims to reduce Korea's household debt-to-GDP ratio to 80 percent by 2030 through stricter volume controls, separate mortgage loan management targets, and penalties for financial institutions that fail to meet targets. MG Community Credit Cooperatives face a zero-growth target due to significant non-compliance in 2025.
Prohibition Orders and Money Laundering Enforcement Actions
The Monetary Authority of Singapore published key enforcement actions taken in Q1 2026. Actions include a 7-year Prohibition Order against fund manager Sun Weiyeh for investor fraud, joint MAS-Police enforcement against Capital Asia Investments for suspected money laundering, and 16-year and 7-year Prohibition Orders against two former relationship managers connected to the August 2023 money laundering case.
RBI Extends Moratorium on Bhavani Sahakari Bank, Mumbai
The Reserve Bank of India extended a regulatory directive imposing operational restrictions on The Bhavani Sahakari Bank Ltd., Mumbai for an additional three months until July 4, 2026. The extension follows prior restrictions imposed in July 2025 and a previous extension in December 2025. All existing directive terms remain unchanged.
₹2000 Banknote Withdrawal Status Update
The Reserve Bank of India published its periodic status update on the ₹2000 banknote withdrawal. As of March 31, 2026, 98.45% of the ₹2000 notes (worth ₹3.56 lakh crore at inception) have been returned, with only ₹5,501 crore remaining in circulation. The ₹2000 banknotes continue to be legal tender, and exchange facilities remain available at 19 RBI Issue Offices and via India Post.
Citizen's Charter Application Processing Status
Reserve Bank of India published monthly Citizen's Charter performance data for March 2026 showing 22,243 applications received and 21,459 processed. Of processed applications, 99.9% were handled within timeline. Report covers Currency Management, Foreign Exchange Management, and Banker to Banks and Governments functions.
Monetary Penalty on Exclusive Capital Limited for Compliance Failures
The Reserve Bank of India imposed a monetary penalty of ₹10.30 lakh (approximately $12,300 USD) on Exclusive Capital Limited for non-compliance with RBI directions on leverage ratio limits, supervisory return filings, and balance sheet submission requirements. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934, following an offsite analysis and show cause proceedings.
Moratorium Extended for Innovative Co-operative Urban Bank Limited, Delhi
The Reserve Bank of India has extended the regulatory restrictions (moratorium) on Innovative Co-operative Urban Bank Limited, Delhi for an additional three months through July 4, 2026. This is the third extension of the Directive originally issued in July 2025. The extension maintains all existing restrictions and conditions previously imposed on the bank.
Underwriting auction for Government Securities (₹29,000 crore)
The Reserve Bank of India announced an underwriting auction for Government Securities worth ₹29,000 crore on April 2, 2026. The auction covers two securities: 6.68% GS 2040 (₹17,000 crore) and 7.43% GS 2076 (₹12,000 crore). Primary Dealers must submit bids through the e-Kuber system between 9:00 AM and 9:30 AM on the auction date.
RBI Money Market Operations Data
The Reserve Bank of India published money market operations data for March 30, 2026, reporting system liquidity at ₹5.89 lakh crore. This is a routine statistical release providing market participants with current liquidity conditions in the Indian banking system. The data is published via the RBI's official press release mechanism.
NCUA Releases 2025 Annual Report
The National Credit Union Administration released its 2025 Annual Report documenting agency activities and accomplishments. The Share Insurance Fund and credit union system remained well-capitalized with sufficient liquidity, and the agency received unmodified 'clean' opinions on its audited financial statements. The report also outlines continued priorities including agency reorganization and regulatory framework improvements.
Copper & Glass Federal Credit Union Liquidated; OMEGA Federal Credit Union Assumes Accounts
The NCUA liquidated Copper & Glass Federal Credit Union in Glassport, Pennsylvania after determining it was insolvent with no prospect for viable operations. OMEGA Federal Credit Union of Wexford, Pennsylvania assumed all assets, loans, and member shares. The 1,225 members of the closed credit union transitioned to OMEGA with no interruption in services.
AML/CTF Laws Expand, Public Register Targets Crypto Laundering
AUSTRAC announced expansion of Australia's AML/CTF laws to strengthen oversight of virtual asset service providers (VASPs), replacing the previous 'digital currency exchange' terminology. A 'Use It or Lose It' blitz resulted in 128 businesses being reviewed and 62 exiting the sector. A searchable public VASP register is now live.