Recent news from Treasury’s Office of Foreign Assets Control: April 21
The Office of Foreign Assets Control announced the following sanctions action last week. Iran-related Sanctions OFAC designates Chinese importers of...
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Compliance question of the month: April 2025
Compliance QOTM answers question on opting out of information sharing under Regulations P and V.
Recent news from Treasury’s Office of Foreign Assets Control: April 14
News items that are the most recent sanctions-related actions from the Office of Foreign Assets Control.
Terrorism and money laundering aggregates published: January through March 2025
The FinCEN 314(a) Updates section is published on a periodic basis to better capture the trend line for 314(a) usage....
Washington Summit livestream schedule
Bankers from across the nation are gathered in Washington, D.C., this week for the ABA Washington Summit. ABA will livestream...
Recent news from Treasury’s Office of Foreign Assets Control: April 7
The Office of Foreign Assets Control announced the following sanctions action last week.
ABA moves for summary judgment in Illinois interchange lawsuit
ABA and co-plaintiffs moved for summary judgment, asking the court to enjoin enforcement of the Illinois Interchange Prohibition Act permanently.
U.S. Supreme Court rules misleading statements to FDIC are not criminal
The Supreme Court unanimously reversed the Seventh Circuit’s decision that upheld former Chicago alderman Patrick Thompson’s conviction for making false...
ABA, Trades move for summary judgment in lawsuit challenging stress testing framework
ABA and its co-plaintiffs asked the court to prevent the continued use of the current stress-test framework after the 2025...
Wisconsin Court of Appeals rejects National Bank Act preemption for notice-to-cure law
The Wisconsin Consumer Act regulates consumer credit transactions and debt collection. Under section 425 of the act, a creditor must...
