FinCEN releases financial trend analysis on healthcare fraud
Financial institutions flagged approximately $17.5 billion in suspicious activity related to potential healthcare fraud during a one-year period starting in...
Compliance and Risk
FCC releases draft order to protect fraud alerts
The Federal Communications Commission released a draft order that would rewrite the agency’s “revoke all” rule – an action that...
Government report finds cannabis banking in limbo amid regulatory uncertainty
The number of banks and credit unions reporting that they provided services to cannabis-related businesses has remained relatively unchanged since...
End the static around bank asset thresholds
The past year's progress on indexing regulatory thresholds to inflation or economic growth, on Capitol Hill and at the federal...
FinCEN, banking agencies release FAQs on digital credentials, customer ID
Financial institutions may use a mobile driver’s license or other government-issued virtual ID as a form of documentary verification for...
FinCEN issues alert on Iran, commercial aviation parts procurement
FinCEN issued an alert for financial institutions on identifying and reporting procurement networks supporting Iran’s aviation industry. The alert was...
FCC proposes ‘robocall scorecard’ to rate voice service providers
The FCC is seeking public comment on creating a “robocall scorecard” to measure how voice service providers are protecting consumers...
Consumers share experiences with AI-enabled scams
More than two in five U.S. consumers said they have encountered a scam powered by artificial intelligence, either personally or...
FinCEN identifies nearly $13B in suspected crypto investment scams
Bank Secrecy Act reports flagged approximately $12.7 billion in suspected digital asset investment scam activity during a roughly two-year period...
State bankers associations support stronger FCC rules to combat illegal calls
Fifty-two state bankers associations expressed strong support for the Federal Communications Commission’s proposals to ensure that all voice service providers...
