AML Compliance

88% of Leading Banks Deploy Data Solutions, 67% Push Marketing

The American Bankers Association published a survey reporting that 88% of leading banks have deployed financial data solutions for customer engagement, while 67% leverage these insights for marketing purposes. The survey examines how banks are using financial data insights to enhance customer engagement strategies.

AML/CFT Programs for Banks Proposed Rule

The OCC, FDIC, and NCUA have proposed amendments requiring banks to establish and maintain effective anti-money laundering and countering the financing of terrorism (AML/CFT) programs reasonably designed to identify, assess, and mitigate illicit finance risks. The proposed rule would align with FinCEN's concurrent proposals implementing the Anti-Money Laundering Act of 2020 and enhance FinCEN's role in AML/CFT supervision and enforcement. Comments are due June 9, 2026.

OCC Anti-Money Laundering Rule Comment Form

The Office of the Comptroller of the Currency (OCC) is accepting public comments on a proposed anti-money laundering rule through its Regulations.gov portal. Commenters may submit up to 5,000 characters directly or attach files up to 10MB. The consultation applies to national banks, federal savings associations, and other OCC-regulated entities subject to Bank Secrecy Act requirements.

OCC and FDIC Final Rule Codifying Elimination of Reputation Risk from Bank Supervision

The OCC and FDIC have adopted a final rule to eliminate reputation risk from their supervisory programs. The rule prohibits the agencies from criticizing or taking adverse action against banks based on reputation risk, and from requiring institutions to close accounts or modify services based on political, social, cultural, or religious views or constitutionally protected speech. The rule also forbids supervisory actions designed to punish lawful business activities the agencies disfavor.

OCC Meets Anchorage Digital Bank, April 8

The Office of the Comptroller of the Currency (OCC) published a meeting record documenting its April 8 meeting with representatives of Anchorage Digital Bank. The document provides a summary of the regulatory discussion between OCC officials and the digital asset bank's leadership. This type of meeting reflects the OCC's ongoing supervisory engagement with federally regulated institutions engaged in digital asset activities.

Federal Reserve Approves Burke & Herbert Financial Services Corp. Merger with LINKBANCORP

The Federal Reserve Board approved the application by Burke & Herbert Financial Services Corp. of Alexandria, Virginia, to merge with LINKBANCORP, Inc. of Camp Hill, Pennsylvania, thereby indirectly acquiring LINKBANK. The Board also approved Burke & Herbert Bank and Trust Company to merge with LINKBANK and establish and operate branches at LINKBANK locations.

Monetary Stabilization Bond Competitive Bidding Notice

The Bank of Korea issued a competitive bidding notice for Monetary Stabilization Bonds (MSB) on April 10, 2026. The notice, reference DC026-0714-0910, was issued by the Market Operations Team and includes attachments in HWP and PDF formats. This is a routine open market operations announcement for government bond dealers and financial institutions participating in MSB auctions.

FDIC Modifies Privacy Act System FDIC-004 Combining with FDIC-008

The FDIC is modifying SORN FDIC-004 to combine it with FDIC-008, renaming the system Financial Institution Ownership Records. The agency is updating several sections of the notice, rescinding FDIC-008, and seeking public comment on four proposed routine uses. This consolidation streamlines two existing Privacy Act systems that support FDIC regulatory and supervisory functions regarding financial institution ownership.

GENIUS Act Stablecoin Requirements Proposed Rule

The FDIC has published a notice of proposed rulemaking to implement GENIUS Act requirements for FDIC-supervised permitted payment stablecoin issuers (PPSIs) and insured depository institutions. The proposal addresses reserve asset requirements, capital adequacy, and liquidity standards for stablecoin issuers, and clarifies deposit insurance coverage for stablecoin reserve deposits and tokenized deposits.

Banking Regulators Propose AML/CFT Program Requirements

The OCC, FDIC, and NCUA jointly proposed a rule requiring banks to establish and maintain effective AML/CFT programs reasonably designed to identify, assess, and mitigate illicit finance risks. The proposed amendments align with FinCEN's concurrent proposals to implement provisions of the Anti-Money Laundering Act of 2020 and the Bank Secrecy Act. The rulemaking also seeks to modernize federal supervision of AML/CFT programs by enhancing FinCEN's role in supervision and enforcement.