U.S., Saudi Arabia Enhance Counter-Terrorist Financing Capabilities

The OCC announced several actions to reduce the regulatory burden on community banks by tailoring the frequency and scope of bank examinations to the risk presented by bank operations, and by focusing examinations on material financial risk.

The Treasury Department announced the creation of the new position of IRS chief executive officer and tapped current Social Security Administration Commissioner Frank Bisignano to fill the role.

FinCEN is seeking public comment on the reporting burden under its Section 314(a) regulations, which require financial institutions to search records and report matches to the agency within 14 days.

Insider threats — from negligent behavior to malicious intent — demand a coordinated response to detection, escalation and mitigation, according to experts. And although banks have invested in systems designed to detect and prevent threats emanating from external illicit...

A new study of investor behavior during the 2023 bank runs found that news coverage was at least as important as underlying bank fundamentals in driving investor perceptions of bank risk.

Recent executive orders are reshaping expectations, requiring that account closure decisions be based on objective, individualized risk assessments rather than political, religious, or reputational considerations.