Search

Canaccord Genuity LLC - Enforcement Action

FinCEN announced an enforcement action against Canaccord Genuity LLC, citing violations of the Bank Secrecy Act. The action resulted in a consent order and a financial penalty. This action serves as a reminder of the importance of robust AML compliance programs for financial institutions.

FDIC Extends Comment Period for GENIUS Act Stablecoin Rulemaking

The FDIC has extended the public comment period for its proposed rulemaking concerning the GENIUS Act application procedures for stablecoin issuance. The comment period is now extended to May 18, 2026, providing additional time for FDIC-supervised institutions to submit feedback.

FDIC FAQ on Capital Treatment of Tokenized Securities

The FDIC, OCC, and Federal Reserve have issued an FAQ addressing the capital treatment of tokenized securities for FDIC-insured financial institutions. The guidance clarifies how ownership rights represented by distributed ledger technology are treated under existing capital rules and confirms the technology-neutral nature of these regulations.

Call Report Instructions for Q4 2025

The FDIC issued updated instructions for the Consolidated Reports of Condition and Income (Call Report) for the fourth quarter of 2025. The notice highlights the implementation of multifactor authentication for the Central Data Repository and provides submission deadlines for the December 31, 2025, report date.

FDIC Final Rule on Signs, Advertising, and Misuse of Name/Logo

The FDIC issued a final rule amending regulations on official signs, advertising, and misuse of the FDIC's name or logo for insured depository institutions. The rule provides additional flexibility for digital signage and ATMs while clarifying consumer protections, with a compliance date of April 1, 2027.

FDIC Amends Guidelines for Appeals of Material Supervisory Determinations

The FDIC is amending its Guidelines for Appeals of Material Supervisory Determinations by replacing the Supervision Appeals Review Committee with a new Office of Supervisory Appeals. This office will serve as the final review level for supervisory determinations and will also expand appeal rights to certain enforcement action cases.

CFTC Seeks Comment on Prediction Market Regulations

The Commodity Futures Trading Commission (CFTC) has published an Advanced Notice of Proposed Rulemaking (ANPRM) to solicit public comment on potential new regulations for prediction markets. The ANPRM seeks input on how existing rules apply to event contracts and what types of contracts may be prohibited.

CFTC Advisory on Prediction Markets and Event Contracts

The CFTC's Division of Market Oversight issued an advisory reminding designated contract markets (DCMs) of their regulatory obligations under the Commodity Exchange Act and Commission regulations concerning the listing of event contracts. The advisory encourages innovation while emphasizing proactive compliance, particularly for sports-related event contracts.

CFTC and SEC Sign MOU for Lawful Innovation

The CFTC and SEC have signed a Memorandum of Understanding (MOU) to enhance coordination and collaboration on lawful innovation, market integrity, and investor protection. The MOU establishes a Joint Harmonization Initiative to clarify definitions, modernize frameworks, and streamline reporting for areas of common regulatory interest, including crypto assets.

CFTC Senior Advisor Brigitte Weyls Departs

The Commodity Futures Trading Commission (CFTC) announced the departure of Senior Advisor Brigitte Weyls after 17 years of service. Weyls played a role in significant litigation, policy, and rulemaking initiatives, including those related to digital assets and emerging markets.

CFTC Announces Marc H. Sielski as Executive Director

The Commodity Futures Trading Commission (CFTC) announced Marc H. Sielski has been named the agency's new executive director. Sielski will oversee administrative operations to support the CFTC's mission and ensure effective stewardship of public resources.

Federal Reserve Terminates Enforcement Actions Against Banks

The Federal Reserve Board announced the termination of several enforcement actions against Industrial and Commercial Bank of China and Standard Chartered Bank. These actions were terminated on various dates in February 2026, following the completion of their respective terms.

Agencies Clarify Capital Treatment of Tokenized Securities

The Federal Deposit Insurance Corporation, Federal Reserve Board, and Office of the Comptroller of the Currency have issued frequently asked questions to clarify the capital treatment of tokenized securities. The guidance confirms that eligible tokenized securities should receive the same capital treatment as their non-tokenized counterparts.

Federal Reserve Approves CBS Banc-Corp. Acquisition

The Federal Reserve Board has approved a notice from CBS Banc-Corp. to acquire TAG Bancshares Inc. and indirectly acquire Citizens Bank & Trust, Inc. This action pertains to a standard regulatory approval for a banking acquisition.

Federal Reserve Approves Associated Banc-Corp Acquisition of American National Corporation

The Federal Reserve Board has approved the application by Associated Banc-Corp to acquire American National Corporation. This approval allows Associated Banc-Corp to indirectly acquire American National Bank.

Federal Reserve Board Approves FirstSun Capital Bancorp Merger with First Foundation Inc

The Federal Reserve Board has approved the application by FirstSun Capital Bancorp to merge with First Foundation Inc. This approval allows for the indirect acquisition of First Foundation Bank. The decision was announced on March 11, 2026.

FDIC Issues CRA Examination Schedules for Q2 and Q3 2026

The Federal Deposit Insurance Corporation (FDIC) has issued the Community Reinvestment Act (CRA) examination schedules for the second and third quarters of 2026. These schedules outline institutions slated for CRA examinations, which assess banks' records of meeting community credit needs.

FDIC Issues List of Banks Examined for CRA Compliance

The Federal Deposit Insurance Corporation (FDIC) has issued a list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list includes evaluation ratings assigned to institutions in December 2025.

Agencies Clarify Capital Treatment of Tokenized Securities

The FDIC, Federal Reserve Board, and OCC have jointly issued Frequently Asked Questions to clarify the capital treatment of tokenized securities. The guidance confirms that eligible tokenized securities generally receive the same capital treatment as their non-tokenized counterparts and that the capital rule is technology-neutral.

FDIC Publishes January 2026 Bank Enforcement Actions

The Federal Deposit Insurance Corporation (FDIC) has published a list of administrative enforcement actions taken against banks and individuals in January 2026. The publication includes eight orders, comprising consent orders, orders terminating consent orders, orders to pay, and prohibition orders.

FDIC Approves Edward Jones Bank Deposit Insurance Application

The FDIC approved the deposit insurance application for Edward Jones Bank, a Utah-chartered industrial bank. The approval is subject to certain conditions, including maintaining a minimum tier 1 leverage ratio and capital/liquidity support from its parent companies. The approval order expires if the bank is not established within 12 months.

Paula Christina Krost - Consent Order and Fine

The Washington Department of Financial Institutions issued a consent order against Paula Christina Krost, requiring a $50,000 fine and prohibiting her from participating in mortgage lending until March 9, 2036. Krost also surrendered her mortgage loan originator license.

ECB Fines Nordea Finance Finland €2.26 Million for Reporting Breaches

The European Central Bank (ECB) has imposed a €2.26 million penalty on Nordea Finance Finland Ltd for breaching reporting requirements and the large exposures limit over 13 consecutive quarters. The breaches, classified as severe, stemmed from incorrect reporting of guaranteed receivables and deficiencies in internal controls.

FINTRAC Supervisory Framework Guidance

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has released its supervisory framework. This guidance outlines the principles, risk framework, and pillars of supervision FINTRAC uses to ensure businesses comply with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

FINTRAC Policy Interpretations for Proceeds of Crime Act

FINTRAC has updated its policy interpretations database concerning the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Notably, certain policy positions regarding payment processing and merchant servicing activities have been retracted as of April 27, 2022, with affected entities now subject to money services business requirements.

FINTRAC Interpretation Notices on Proceeds of Crime Law

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued interpretation notices to clarify provisions of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. These notices provide technical interpretations and plain language explanations for regulated entities, including accountants.

FINTRAC Guidance on Proceeds of Crime Act Obligations

FINTRAC has published updated guidance for reporting entities on their obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. The guidance covers various sectors and key compliance areas such as client identification and transaction reporting.

FINTRAC Notices and Advisories for Reporting Entities

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued numerous notices and advisories to reporting entities. These updates cover a range of obligations, including guidance on bribery and corruption, politically exposed persons, ministerial directives, and beneficial ownership reporting.

ECB welcomes Frank Elderson's Vice-Chair term extension

The European Central Bank (ECB) announced the extension of Frank Elderson's term as Vice-Chair of the Supervisory Board until December 2028. This decision follows a proposal by the ECB Governing Council and approval from the European Parliament.

ECB Fines J.P. Morgan for Misreporting Capital Requirements

The European Central Bank (ECB) has imposed two penalties totaling €12.18 million on J.P. Morgan SE for misreporting capital requirements between 2019 and 2024. The bank incorrectly calculated risk-weighted assets due to misclassifications and exclusions in credit risk and credit valuation adjustment risk reporting.

ECB Fines Crédit Agricole €7.5M for Climate Risk Identification Failures

The European Central Bank (ECB) has imposed periodic penalty payments of €7,551,050 on Crédit Agricole for failing to sufficiently assess its climate-related and environmental risks by the deadline of 31 May 2024. This enforcement action highlights the ECB's commitment to ensuring banks adequately identify and manage climate risks.

ECB Appoints Thomas Broeng Jorgensen Director General Specialised Institutions

The European Central Bank (ECB) has appointed Thomas Broeng Jorgensen as Director General for Specialised Institutions and Less Significant Institutions, effective March 1, 2026. He will oversee the direct supervision of specialised banks and the oversight of less significant banks by national supervisors.

ECB Advances Climate and Nature Work

The European Central Bank (ECB) has concluded its 2024-2025 plan for integrating climate and nature-related risks into its core work. The ECB has refined its risk assessments, informed policy decisions, and improved supervision of banks, while also managing its own portfolios and operations.

EBA Concludes Legacy Instruments Monitoring Work

The European Banking Authority (EBA) has concluded its dedicated monitoring of legacy instruments, which are financial instruments benefiting from grandfathering provisions under CRR1 and CRR2. The EBA will no longer prioritize this specific monitoring, trusting competent authorities to handle remaining cases based on existing guidance.

EBA Final Guidelines on Capital Endowment for Third-Country Branches

The European Banking Authority (EBA) has published final Guidelines specifying eligible instruments for the capital endowment requirement for third-country branches. These guidelines clarify which financial instruments can be used and the operational conditions required to protect local depositors and creditors.

EBA Opinion on Commission Amendments to RTS on Equivalent Legal Mechanism

The European Banking Authority (EBA) published an Opinion responding to the European Commission's proposed amendments to draft technical standards on equivalent legal mechanisms for residential property under construction. The EBA disagrees with two key amendments concerning risk weight caps and the mandate for completion guarantees.

EBA Final Report on Reporting Standards for Third-Country Branches

The European Banking Authority (EBA) has published its final report on harmonised reporting standards for third-country branches under CRD VI. The new framework aims to enhance supervisory oversight by introducing uniform reporting formats and definitions, with the first reporting reference date set for March 31, 2027.

EBA Central Validation of ISDA SIMM Begins March 1, 2026

The European Banking Authority (EBA) announced the commencement of its central validation function for the ISDA SIMM on March 1, 2026. This new function, established under EMIR, aims to ensure consistent oversight of initial margin models for non-centrally cleared derivatives across the EU.

SFO Investigation into London Capital & Finance plc

The Serious Fraud Office (SFO) announced an ongoing investigation into individuals associated with London Capital & Finance plc (LCF), which relates to investments offered to the public between 2013 and 2018. The SFO opened the investigation in 2019 and has made arrests, with the case remaining active.

SFO v. AOG Technics Director - Fraudulent Trading

The Serious Fraud Office (SFO) has concluded its substantive case against Jose Alejandro Zamora Yrala, director of AOG Technics Ltd, with his sentencing to 4 years 8 months in prison for fraudulent trading. The company was investigated for supplying suspected unapproved aircraft parts.

Serious Fraud Office v. Safe Hands Plans Limited - Fraud Investigation

The Serious Fraud Office (SFO) has charged two former executives of Safe Hands Plans Limited and its parent company, SHP Capital Holdings Limited, with conspiracy to defraud. The investigation into suspected fraud began in 2022 following the collapse of the pre-paid funeral plan scheme, impacting approximately 46,000 plan holders.

SFO Investigates Northern Powerhouse and MBi Group for Fraud and Money Laundering

The Serious Fraud Office (SFO) announced an investigation into suspected fraud and money laundering by the Northern Powerhouse Development Group and MBi Group. The investigation, which began in August 2021, focuses on investments offered in care homes and hotels between 2013 and 2019.

Noble Escrow Services LLC - Temporary Cease and Desist Order

The Washington State Department of Financial Institutions issued a temporary cease and desist order against Noble Escrow Services LLC on March 2, 2026. The order requires the company to immediately deposit funds to cover a deficit in its trust account, cease accepting new business, and continue processing existing transactions without harming customers.

Juan Dario Lopez License Revocation by DFI

The Washington State Department of Financial Institutions (DFI) has issued a Consent Order revoking the check casher license of Juan Dario Lopez (NMLS #1463739). The revocation is stayed for two years, contingent on compliance with the terms of the order.

Luminate Home Loans Fined $100k, Surrenders License

The Washington State Department of Financial Institutions has issued a consent order against Luminate Home Loans, Inc., requiring a $100,000 fine and the surrender of its consumer loan license. The company is prohibited from participating in Washington's mortgage broker or consumer loan industry until February 20, 2031.

Treasury Sanctions Five Nicaraguan Officials for Repression

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned five Nicaraguan government officials for their roles in enabling repression. These sanctions target individuals leading key financial, communications, and military agencies within the Nicaraguan government.

Treasury Sanctions Iran's Shadow Fleet and Weapons Networks

The U.S. Department of the Treasury sanctioned over 30 individuals, entities, and vessels involved in illicit Iranian petroleum sales and ballistic missile/advanced conventional weapons programs. This action aims to increase economic pressure on Iran by targeting its revenue streams and weapons capabilities.

Treasury Sanctions Exploit Broker Network for Cyber Tools

The U.S. Department of the Treasury's OFAC designated Sergey Zelenyuk and his company, Operation Zero, along with five associated individuals and entities, for acquiring and distributing stolen U.S. government cyber tools. This is the first action taken under the Protecting American Intellectual Property Act.

Treasury Sanctions Sudanese Commanders for Atrocities

The U.S. Department of the Treasury's OFAC sanctioned three commanders of the Rapid Support Forces (RSF) for atrocities in El-Fasher, Sudan. These individuals were involved in ethnic killings, torture, starvation, and sexual violence during the RSF's siege and capture of the city.

Treasury Proposes Severing Swiss Bank MBaer's U.S. Access

The U.S. Department of the Treasury's FinCEN has proposed a rule to sever Swiss bank MBaer's access to the U.S. financial system due to its financial support for illicit actors linked to Russia and Iran. If finalized, U.S. financial institutions would be prohibited from maintaining correspondent accounts for MBaer.