AML Compliance

EBA Report Shows Persistent Gender Imbalance and Pay Gaps in EU Banking Leadership

The European Banking Authority published a benchmarking analysis covering 704 credit institutions and 163 investment firms across the EU, Liechtenstein, and Iceland as of 31 December 2024. The report reveals that significant gender imbalances and pay gaps persisted at senior management level, despite some progress compared with 2021. Approximately 20% of institutions have no diversity policy, only 67% have set quantitative targets for gender representation, and male executive directors earn on average around 10% more than female counterparts.

EBA Opinion Opposing Commission Amendments to Operational Risk RTS

The EBA published an Opinion on 23 April 2026 responding to the European Commission's proposed amendments to draft RTS on operational risk under CRR. The EBA objects to two amendments: first, allowing combined use of the Accounting Approach (AA) and Prudential Boundary Approach (PBA) for calculating the business indicator's financial component, which the EBA says creates complexity, inconsistencies, and regulatory arbitrage not envisaged in Basel standards; second, limiting PBA notification obligations to material changes, which the EBA says weakens supervisory effectiveness by introducing institution-specific materiality judgments. The EBA invites the Commission to reconsider these amendments while supporting other clarifying amendments.

FINTRAC Publishes Extortion Money Laundering Indicators for South Asian Diaspora

FINTRAC published a new Special Bulletin on money laundering associated with extortion directed at Canada's South Asian diaspora to assist reporting businesses in detecting and reporting suspicious transactions. Since the beginning of 2026, FINTRAC has generated more than 100 financial intelligence disclosures related to extortion for law enforcement agencies, identifying over 300 subjects and including more than 63,000 financial transactions. The bulletin is part of the Government of Canada's broader Countering Extortion Partnership strategy.

EU Adopts 20th Russia Sanctions Package With 120 New Listings

EU Member States adopted the 20th package of sanctions against Russia on 23 April 2026, adding 120 new listings (33 individuals and 83 entities) for an asset freeze and travel ban. The package includes 36 Russian energy sector listings, 46 additional shadow fleet vessels (bringing the total to 632 listed vessels), a port access ban on two Russian ports (Murmansk and Tuapse) and one third-country port (Karimun Oil Terminal, Indonesia), and new trade restrictions including €365 million in export bans and €530 million in import bans. The EU activated its anti-circumvention tool for the first time against Kyrgyzstan for systematic re-export of EU machine tools and telecommunications equipment to Russia.

ICE Washington Arrests MS-13 Associate Wanted for Murder in El Salvador

ICE Washington, D.C. officers arrested Idalia Isabel Morales-Mejia on March 12, 2026, in Woodbridge, Virginia — a documented associate of the MS-13 gang wanted in El Salvador for aggravated homicide and illicit associations since October 2013. The Security Alliance for Fugigitive Enforcement Task Force in El Salvador provided updated intelligence in February regarding her possible presence in Northern Virginia, which led directly to her capture. The arrest highlights ICE's ongoing prioritization of public safety through the identification and removal of criminal alien offenders with violent gang affiliations.

EU Adopts 20th Russia Sanctions Package: 120 New Listings, Energy, Finance, Military, Crypto

The Council of the EU adopted its 20th sanctions package on 23 April 2026, comprising 120 new individual listings — the largest listing package in two years — plus multi-layered economic measures targeting Russia's energy revenues, military-industrial complex, financial services, and trade. Key measures include a future maritime services ban on Russian crude oil and petroleum products (pending G7 coordination), a transaction ban on 20 Russian banks and 4 third-country financial institutions, designation of 58 military-industrial companies plus 16 entities in China, UAE, and other third countries, a first-ever anti-circumvention export ban on CNC machines and radios to Kyrgyzstan, and a total sectoral ban on Russian crypto asset providers and platforms. As of January 2027, it will be illegal to provide LNG terminal services to Russian entities.

Daily Federal Register Index, April 23, 2026

The April 23, 2026 Federal Register issue contains 125 documents from 47 agencies, including 97 Notices, 6 Presidential Documents, 17 Proposed Rules, 5 Rules, and 1 Significant Document. This is a table of contents index published by the Administrative Committee of the Federal Register (ACFR) noting that the site displays a prototype Web 2.0 version that has not been granted official legal status pending ACFR regulation.

SFC-PwC HK$1B Evergrande Compensation Agreement Published

The Securities and Futures Commission of Hong Kong has reached an agreement with PricewaterhouseCoopers Hong Kong Limited for shareholder compensation of HK$1 billion in connection with false financial statements of China Evergrande Group for fiscal years 2019 and 2020. The enforcement action was published on 23 April 2026. This represents one of the largest compensation settlements secured by the SFC against an accounting firm in recent years.

Bureau Fiscal Service Raises Surety Company Fees

The Department of the Treasury, Bureau of the Fiscal Service, is increasing the fees it imposes on and collects from surety companies and reinsuring companies, effective January 1, 2026. The fees cover costs for reviewing, analyzing, and evaluating company applications, financial statements, and other information submitted for Treasury certification or renewal under 31 CFR 223.22. Surety and reinsuring companies should factor the updated fees into their certification budgeting and renewal planning for 2026 and beyond.

FDIC Provides Supervisory Relief for Tennessee Banks After Severe Winter Storm

The FDIC has announced supervisory relief measures for FDIC-supervised financial institutions in 32 Tennessee counties designated as federal disaster areas following a severe winter storm from January 22-27, 2026. FEMA declared a federal disaster for the affected areas on February 6, 2026. The relief includes encouragement for institutions to work constructively with affected borrowers, favorable CRA consideration for qualifying community development activities, temporary relief from certain filing and publishing requirements, and expedited approval for temporary banking facilities. Institutions experiencing disaster-related difficulties should contact the Dallas Regional Office.

FDIC Provides Supervisory Relief for Mississippi Winter Storm Recovery

The FDIC has announced supervisory relief measures for FDIC-supervised financial institutions operating in 44 counties and the Mississippi Choctaw Indian Reservation affected by a severe winter storm from January 23–27, 2026. FEMA declared a federal disaster for the affected areas on February 6, 2026. The relief includes favorable CRA consideration for community development activities, regulatory relief from certain filing and publishing requirements, and encouragement for institutions to work constructively with affected borrowers. Institutions experiencing disaster-related difficulties with regulatory compliance should contact the Dallas Regional Office.

Notice of OFAC Sanctions Actions

OFAC designated three individuals and two Colombian entities on the SDN List under Executive Order 14098 (Sudan) on April 17, 2026. The individuals are Jose Oscar Garcia Batte, Omar Fernando Garcia Batte, and Jose Libardo Quijano Torres. The entities are FENIX HUMAN RESOURCES S.A.S. and GLOBAL QOWA AL BASHERIA S.A.S. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.

FDIC Requests Public Comments on OMB 3064-0127

The FDIC is requesting public comments on the renewal of OMB Control No. 3064-0127, a generic clearance for qualitative feedback surveys deployed under the Paperwork Reduction Act. The collection, which involves no change in substance or methodology, covers approximately 20 surveys annually with an average of 850 respondents per survey, generating an estimated 17,000 total annual burden hours. Comments must be submitted on or before June 22, 2026.

FDIC Modifies Privacy Act System of Records FDIC-012

The FDIC is modifying its existing system of records FDIC-012, Financial Information Management Records, to update numerous sections including Authority for Maintenance, Purpose(s), Category of Individuals, Category of Records, Record Source Categories, and Routine Uses. The notice proposes three new routine uses (Routine Uses 8, 9, and 16) and two substantially modified routine uses (Routine Uses 13 and 14), expanding disclosure recipients to include the Department of the Treasury, Department of Justice, and General Services Administration for specified purposes. The FDIC is accepting written comments on the modified system through May 26, 2026.

PwC HK Sets Aside HK$1B for China Evergrande Shareholder Compensation

The SFC has reached a settlement with PwC Hong Kong requiring HK$1 billion in compensation for China Evergrande's independent minority shareholders. The audit firm agreed to set aside funds to be distributed through an independent administrator to investors harmed by materially false financial statements for fiscal years 2019 and 2020, where annual revenue was overstated by up to 69%. The agreement resolves the matter without admission of liability and the SFC will take no further action against PwC HK provided terms are fulfilled.

GIIF Publications Include Risk Assessments, Annual Reports

GIIF (Generalny Inspektor Informacji Finansowej) maintains a publications page listing its own reports covering the period 2004–2017, including the National Money Laundering and Terrorism Financing Risk Assessment, a GIIF Control Procedure Scheme, and annual activity reports. Prior publications from the archival Ministry of Finance website cover the same period. The page provides clickable links to each document type but contains no new regulatory obligations.

GIIF Communications: Annual Report 2025, Training, Guidelines

GIIF maintains a communications portal on the Polish Ministry of Finance website, listing links to publications and guidelines for reporting institutions, training programs, reporting requirements, and Poland's role in the international AML/CFT system. The portal references Communication No. 107 regarding the 2025 Annual Report, Communication No. 106 on the training program for reporting entities, and Communication No. 105 on the AML/CFT strategy. The page was updated to version 21.0 on January 22, 2025.

Italy FATF Mutual Evaluation 2026 AML/CFT/CPF Report

FATF published its Mutual Evaluation Report assessing Italy's Anti-Money Laundering/Counter Financing of Terrorism/Counter Proliferation Financing (AML/CFT/CPF) framework. The evaluation applies two rating systems: effectiveness ratings (HE=high, SE=substantial, ME=moderate, LE=low) across 11 immediate outcomes, and technical compliance ratings (C=compliant, LC=largely compliant, PC=partially compliant, NC=non-compliant) against FATF Recommendations. The report provides Italy's ratings across both frameworks, informing the country's FATF follow-up process and international compliance standing.

Index of US FinCEN Advisories on Financial Crime

FinCEN published an index page listing all its financial crime advisories from 2020 to 2026. The index covers 20 advisories addressing topics including health care fraud, transnational money laundering networks, Iranian illicit oil smuggling, ISIS financing, fentanyl precursor chemicals, ransomware, elder financial exploitation, kleptocracy, COVID-19 fraud, and human trafficking. The page provides direct links to individual advisory documents.

3-Year HKD Government Bond Tender Raises HK$0.75B at 2.331% Yield

The Hong Kong Monetary Authority, as representative of the HKSAR Government, announced results of a 3-year HKD institutional Government Bond tender through re-opening under the Infrastructure Bond Programme. A total of HK$0.75 billion in bonds were issued against HK$4.592 billion in applications, yielding a bid-to-cover ratio of 6.12. The average accepted price was 103.15, implying an annualised yield of 2.331%. Settlement is 23 April 2026 with maturity on 5 December 2029.

HKMA Announces Results of 7-Year HKD Institutional Government Bonds Tender

The Hong Kong Monetary Authority, acting as representative of the HKSAR Government, announced results of a 7-year HKD Institutional Government Bonds tender held on 22 April 2026 under the Infrastructure Bond Programme. HK$1.25 billion in bonds were offered and issued, while HK$7.655 billion in tender applications were received, yielding a bid-to-cover ratio of 6.12. The average price accepted was 101.68, implying an annualised yield of 2.656%, with settlement scheduled for 23 April 2026 and maturity on 7 February 2033.

Northern Metropolis Financial Advisory Taskforce Established by HKMA and HKAB

The Hong Kong Monetary Authority (HKMA) and The Hong Kong Association of Banks (HKAB) jointly established the Northern Metropolis Financial Advisory Taskforce on 22 April 2026 to explore financing solutions supporting the development of the Northern Metropolis. The Taskforce comprises representatives from the HKMA, HKAB and 15 banks with experience in large-scale project financing, with the Chinese Banking Association of Hong Kong participating as an observer. The Taskforce will provide professional advice on financing and banking services, explore related financing needs, and facilitate expertise exchange to strengthen banking sector support for key Northern Metropolis projects.

Five HK Banks Flagged for Fraudulent Websites, Phishing Scams

The HKMA issued a public scam alert on 22 April 2026 warning consumers about fraudulent websites, internet banking login screens, and phishing emails impersonating five Hong Kong banks: The Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, OCBC Bank (Hong Kong), and DBS Bank (Hong Kong). The alert advises that legitimate banks will not send SMS or emails containing embedded hyperlinks directing customers to banking websites for transactions, nor will they solicit sensitive information such as login passwords or one-time passwords by phone, email, or SMS. Consumers who may have disclosed personal information or conducted transactions through these scams are directed to contact the relevant bank and report the matter to the Hong Kong Police Force Crime Wing Information Centre at 2860 5012.

RMB Bond Tender, 22 Apr, Issue Amount RMB5bn

The Hong Kong Monetary Authority published the results of four RMB Sovereign Bond tenders conducted on 22 April 2026, with total issuance of RMB 15.5 billion across four maturities: 2-year (RMB 5,000 million, coupon 1.38%), 3-year (RMB 5,000 million, coupon 1.40%), 5-year (RMB 4,500 million, coupon 1.57%), and 15-year (RMB 1,000 million, average accepted coupon rate 2.05%). The Ministry of Finance of the People's Republic of China is the issuer, with settlement date of 24 April 2026.

15-Year HKD Bonds Tender, HK$1.0B Offered, 4.46 Bid-Cover

The HKMA announced the results of a 15-year HKD Government Bond tender held on 22 April 2026 under the Infrastructure Bond Programme, reopening issue number 15GB3912001. A total of HK$1.0 billion in bonds were offered, attracting HK$4.460 billion in applications, producing a bid-to-cover ratio of 4.46. The bonds were allotted at an average price of 105.06, implying an annualised yield of 3.313%, with maturity set for 5 December 2039 and a coupon rate of 3.75%.

NCUA Proposes Amending Credit Union-to-Bank Merger Regulations

The NCUA Board is proposing to amend 12 CFR part 708a, subpart C to streamline merger requirements for insured credit unions converting to banks. The proposal would eliminate the definition of "clear and conspicuous" formatting requirements (currently mandating bold type and minimum 12-point font), remove the requirement to publish pre-board-vote notice in a general circulation newspaper in favor of a member home banking landing page notice, and revise due diligence reporting requirements for merger partner location and negotiation description. The Board is accepting public comments through June 22, 2026. Credit unions considering bank mergers and financial institutions advising on such transactions should monitor this rulemaking, as it could materially alter the procedural and disclosure landscape for charter conversions.

SGB 2018-19 Series-II Redemption Price Rs 15,219 per Unit April 23, 2026

The Reserve Bank of India has published the redemption price for premature redemption of Sovereign Gold Bond (SGB) 2018-19 Series-II, due on April 23, 2026. The redemption price is set at ₹15,219 per unit of SGB, calculated as the simple average of closing gold prices (999 purity) for the three business days of April 20, 21, and 22, 2026, as published by the India Bullion and Jewellers Association Ltd (IBJA). This tranche was originally issued on October 23, 2018, and premature redemption is permitted after the fifth year from the date of issue.

RBI Releases Financial Data for 3,100 FDI Companies in India 2024-25

The Reserve Bank of India released financial performance data for 3,100 non-government non-financial (NGNF) foreign direct investment (FDI) companies in India for 2024-25, covering three accounting years from 2022-23 to 2024-25. The sample companies reported paid-up capital of ₹5,96,425 crore, representing 51.9 per cent of total PUC of FDI companies in the annual census. Net sales growth moderated to 8.7 per cent from 9.4 per cent the prior year, while operating profit growth slowed to 10.7 per cent from 22.1 per cent. Interest coverage ratio improved to 5.8, and companies from Singapore, USA, and Mauritius accounted for over half of the sample.

Reserve Money Data Week Ended April 15, 2026

The Reserve Bank of India released Reserve Money data for the week ended April 15, 2026, published on April 22, 2026. The press release (Ref: 2026-2027/122) provides monetary aggregate figures and is signed by Ajit Prasad, Deputy General Manager (Communications). No compliance obligations or regulatory changes are associated with this statistical release.

RBI MPC Holds Repo Rate at 5.25%, GDP 6.9%, Inflation 4.6%

The Reserve Bank of India Monetary Policy Committee held its 60th meeting from April 6-8, 2026, under Governor Sanjay Malhotra and voted unanimously to keep the policy repo rate unchanged at 5.25 percent. The standing deposit facility rate remains at 5.00 percent while the marginal standing facility and bank rates stay at 5.50 percent, with the committee maintaining its neutral stance. GDP growth for 2026-27 is projected at 6.9 percent and CPI inflation at 4.6 percent, with the committee noting heightened geopolitical uncertainties from the conflict in West Asia as a key risk factor.

T-Bill Auction: ₹34k Cr Bids, 5.2–5.6% Yield

The Reserve Bank of India held a Treasury Bills auction on April 22, 2026, covering 91-day (₹12,000 crore notified), 182-day (₹6,000 crore notified), and 364-day (₹6,000 crore notified) tenors. Competitive bids received totalled ₹33,670.20 crore (91-day), ₹26,290.20 crore (182-day), and ₹12,150.20 crore (364-day), with cut-off yields of 5.2150%, 5.4700%, and 5.5990% respectively. Non-competitive bids of ₹20,762.96 crore (91-day) and ₹14,700 crore (182-day) were accepted in full; the 364-day non-competitive bid of ₹336.97 crore received partial acceptance at ₹300 crore.

91, 182, 364-Day T-Bill Auction Results: ₹24,000 Crore Notified, Full Acceptance

The Reserve Bank of India conducted auctions for 91-day, 182-day, and 364-day Treasury Bills on April 22, 2026. The notified amounts were ₹12,000 crore (91-day), ₹6,000 crore (182-day), and ₹6,000 crore (364-day), totalling ₹24,000 crore. All notified amounts were accepted in full. Cut-off prices were 98.7165 (91-day, YTM 5.2150%), 97.3449 (182-day, YTM 5.4700%), and 94.7116 (364-day, YTM 5.5990%).

RBI Extends Directions for Suri Friends' Union Co-operative Bank Through July 2026

The Reserve Bank of India has extended regulatory directions issued to The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal for a further period of three months. The extension runs from close of business on April 22, 2026 to close of business on July 22, 2026. The original directions were issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The RBI explicitly notes that the extension should not be construed as satisfaction with the bank's financial position.

RBI Releases Draft Master Direction on Prepaid Payment Instruments, 2026

The Reserve Bank of India released a draft Master Direction on Prepaid Payment Instruments (PPIs) on April 22, 2026, marking a comprehensive review of existing PPI guidelines with the stated goal of fostering long-term growth and enhancing transaction security. The draft is open for public comment from regulated entities and all stakeholders through May 22, 2026, via the RBI's Connect 2 Regulate portal. Once finalized, the Direction will establish updated operational and security standards for all prepaid payment instrument issuers operating in India.

RBI Money Market Operations Data, April 21, 2026

RBI published its daily money market operations data for April 21, 2026, reporting overnight segment volumes and rates across call money, triparty repo, market repo, and repo in corporate bond segments totaling ₹6,81,678.98 crore at weighted average rates between 2.00-6.25%. The day's liquidity operations included MSF of ₹174.00 crore at 5.50% and SDF of ₹1,78,765.00 crore at 5.00%, with net liquidity absorption of ₹1,78,591.00 crore. Outstanding operations included reverse repos of ₹2,00,031.00 crore maturing April 24, 2026.

House Republicans Unveil SECURE Data Act and GUARD Financial Data Act for National Bank Data Privacy Standards

House Republicans on April 22, 2026, introduced two bills to establish national data privacy standards for the financial sector. The SECURE Data Act would create privacy and data security standards enforced by the FTC and state attorneys general, while exempting financial institutions covered by GLBA. The related GUARD Financial Data Act would modernize the 1999 Gramm-Leach-Bliley Act to account for technological advances and would preempt state laws in the financial activity space. The GUARD Act would require affirmative opt-in consent before disclosing sensitive personal information and allow customers to request access to and deletion of their financial data.

HUD Adopts FICO 10T, VantageScore 4.0 for Mortgages

HUD announced adoption of FICO 10T and VantageScore 4.0 for FHA loans, calling it an important milestone in credit score modernization. FHFA simultaneously launched a pilot program allowing exclusive use of VantageScore 4.0 for loans delivered to Fannie Mae and Freddie Mac, with future integration of FICO Score 10T. Fannie Mae began limited rollout to approved lenders immediately, while publication of historical credit score data for both models is scheduled for summer 2026.

Rep. David Scott Dead at 80, Congressman

Former House Agriculture Committee Chairman David Scott (D-Ga.) died at age 80 on April 22, 2026. Scott was first elected to Congress in 2002 and became the first Black chairman of the House Agriculture Committee in 2020. He was also a member of the House Financial Services Committee. House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) praised his commitment to public service and economic opportunity. The document contains no regulatory actions, compliance obligations, or legislative developments.

Bankers Seek to Communicate MDI Value at D.C. Summit

The American Bankers Association and the National Bankers Association co-hosted the fifth annual MDI Partnership Summit in Washington, D.C., bringing together representatives from minority depository institutions for a two-day event featuring congressional meetings and educational sessions on real-time payments and stablecoins. NBA President and CEO Nicole Elam emphasized MDIs' role as 'engines of economic opportunity' in underserved communities, while ABA Chief Policy Officer Naomi Camper highlighted the need for ongoing engagement with policymakers.

Rob Nichols, Paul Benda discuss ABA fraud strategy

The ABA Banking Journal Podcast released a crossover episode with the ABA Fraudcast on April 22, 2026, featuring ABA President and CEO Rob Nichols and ABA EVP Paul Benda discussing the ABA's ecosystem approach to fraud prevention. The episode covers participation in the UN/Interpol Global Fraud Summit, growing bipartisan co-sponsorship of the SCAM Act, collaboration with the International Banking Federation on global anti-fraud practices, and increasing state-level legislative activity on fraud issues.

Senators Press Bessent on Proposed CDFI Fund Cuts

Treasury Secretary Scott Bessent appeared before the Senate Appropriations Committee on April 22, 2026 to defend the White House's proposed FY2027 budget, which seeks to cut the Community Development Financial Institutions Fund by $204.5 million, or roughly two-thirds of its current budget. A bipartisan group of 43 senators had previously urged colleagues to set aside at least $324 million for the CDFI Fund and release funds in a timely manner. Bessent stated the remaining awards would be redirected to rural communities and said the program needed to be free of waste, fraud, and abuse.

DOJ Extends State, Local Government Digital Accessibility Deadlines by One Year

The Department of Justice extended compliance deadlines for the 2024 ADA Title II digital accessibility rule, which requires state and local governments to make web content and mobile apps accessible under WCAG 2.1 Level AA. Governments with populations over 50,000 now have until April 26, 2026 to comply, while governments with smaller populations or special districts have until April 26, 2028. The article notes that while Title III regulations for private businesses such as banks are not yet in force, similar requirements may follow.

Women Remain Underrepresented in Wealth Management Despite Growing Pipeline

FINTRX research published in ABA Banking Journal reports that while 37.6% of wealth management professionals aged 20-30 are women, only about 20% of producing advisors firm-wide are women, illustrating persistent underrepresentation in revenue-generating roles. Women comprise 26.5% of producing advisors with fewer than five years of tenure and remain underrepresented in CEO and CIO positions, even as they show stronger representation in COO and CFO roles. The findings, covering over 500,000 registered representatives across independent RIAs, wirehouses, and broker-dealers, suggest that effective firm support for advancement into revenue-generating and executive roles will determine the pace of gender parity over the next decade.

FBI Milwaukee Warns Parents About Online Predators Targeting Children

FBI Milwaukee issued an open letter dated April 22, 2026, alerting parents, guardians, and caregivers to a concerning increase in online predatory activity targeting children across the United States, including Wisconsin. The advisory describes Sadistic Online Exploitation (SOE) tactics, lists potential signs of victimization such as behavior changes, unexplained injuries, and signs of animal cruelty, and provides practical tips for monitoring children's online activities. The FBI advises reporting suspicious activity to 1-800-CALL-FBI or ic3.gov and encourages use of NCMEC's Take It Down service for victims seeking removal of exploited content.

Six Charged Over £13.8M Cannabis Import at Birmingham Airport

Six individuals have been charged in relation to a £13.8 million cannabis haul intercepted at Birmingham Airport. The National Crime Agency led the investigation into the drug import operation. The charges mark a significant enforcement action targeting large-scale narcotics importation into the United Kingdom via air transport.

Alleged Pilot Charged Over Four Channel Deaths

The National Crime Agency (NCA) has charged an individual suspected of being the pilot of a boat involved in a fatal Channel crossing that resulted in the deaths of four people. The suspect has been charged with facilitating illegal immigration and is next due to appear at Crown Court. This enforcement action represents one of several recent NCA operations targeting suspected people-smuggling networks operating across the English Channel.

Two Men Arrested in Nottingham Money Laundering, People Smuggling Probe

NCA officers arrested two men in Nottingham on suspicion of money laundering and people smuggling. The arrests were carried out at multiple addresses in Nottingham, and business premises were also searched as part of the investigation into a suspected organised crime group. One man was additionally arrested on suspicion of offences contrary to the Economic Crime Act.

Italy AML/CFT Mutual Evaluation 2026: Strong Asset Recovery, Beneficial Ownership Gaps

FATF published its mutual evaluation report on Italy's anti-money laundering and counter-terrorist financing (AML/CFT) system. The assessment examined 11 immediate outcomes representing key goals that an effective AML/CFT system should achieve, alongside technical compliance with FATF Recommendations. Italy received high/substantial effectiveness ratings for asset recovery but showed gaps in beneficial ownership transparency. Technical compliance ratings ranged from compliant to non-compliant across the 40 FATF Recommendations.

Interest Rate Risk Statistics Report, Spring 2026

The OCC published its Spring 2026 Interest Rate Risk Statistics Report presenting interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations. The report covers interest rate risk metrics compiled across the supervised bank population. The statistics are explicitly for informational purposes only and do not represent OCC-suggested limits or exposures.

OCC Issues Spring 2026 Interest Rate Risk Statistics Report

The OCC published the spring 2026 edition of the Interest Rate Risk Statistics Report, presenting interest rate risk data gathered from examinations of OCC-supervised midsize and community banks and federal savings associations. The report rescinds OCC Bulletin 2025-33, which transmitted the fall 2025 report. Statistics are organized by asset size and charter type, covering all OCC-supervised midsize and community banks with reported data.