Higher-Risk Activity While Reducing Unnecessary Burden Reported by FinCEN (Originally published via: https://www.fincen.gov/system/files/2026-04/Key-Changes-Program-NPRM.pdf) As part of the U.S. Department of the Treasury’s efforts to modernize the Bank Secrecy Act (BSA), FinCEN has issued a proposed rule that would fundamentally reform the requirements for financial institutions’ anti-money laundering and countering the financing of terrorism (AML/CFT) programs. […]

Reported by FinCEN (Originally published via: https://www.fincen.gov/news/news-releases/fincen-proposes-rule-fundamentally-reform-financial-institution-programs) The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a proposed rule intended to fundamentally reform financial institutions’ anti-money laundering and countering the financing of terrorism (AML/CFT) programs under the Bank Secrecy Act (BSA). The proposed rule supports Treasury’s efforts to modernize the U.S. AML/CFT […]

Reported by Rory Jones, Brian Spegele, and Austin Ramzy (Excerpt shared below. To read full report, go to: https://www.wsj.com/world/middle-east/how-china-helped-iran-cushion-the-blow-of-sanctions-and-fund-its-war-machine-6fa2847d?gaa_at=eafs&gaa_n=AWEtsqcpbU0J6rBRyy34QbZgAA2_rxMlG3UcP3CnBltE53LuC-cIAiu2UfBK8KYZU70%3D&gaa_ts=69d4e3f9&gaa_sig=w5-iqCL-SE-s_7fMNuYdsbPqx7pGV6OBkOi1C5wG2caZ15HbjJLl4W2RSJno2Lb_Sd0NGC-OCmsIVqj8rTKyZg%3D%3D) In the first Trump administration, the U.S. launched a “maximum pressure” campaign to cut Iranian oil from the global market and eliminate Tehran’s biggest source of revenue. Today, Iran sells billions of dollars worth of oil […]