Oct 16
Oct 16 SALE ENDS TODAY: SAR Mastery

Today is your last chance to save $100 on our SAR Mastery class! Our SAR Mastery class is a comprehensive, full-day training program. In approximately seven hours, you’ll get a practical, step-by-step walkthrough of the entire SAR process—from spotting suspicious activity to completing the form with confidence. Go beyond the basics with in-depth guidance on filing instructions, common pitfalls, crafting clear narratives, and applying key FinCEN guidance. You’ll also learn best practices for continuing SAR filings and get actionable tips to strengthen your program and enhance report effectiveness. Take advantage of this special price before it ends! To enroll, go to: www.compliancecohort.com/sar-mastery.

Oct 15
Oct 15 OCC Releases Report on Large Banks’ Debanking Activities

Adam Witmer

Regulatory Update

On October 14, 2026, the OCC released a report of its findings from its supervisory review of debanking activities at the nine largest national banks it supervises, including JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. Bank, Capital One, PNC Bank, TD Bank, and BMO Bank. The review examined whether these banks’ policies or practices influenced them to deny or limit financial services to Americans based on their political or religious beliefs or lawful business activities.

Oct 15
Oct 15 NCUA Announces Twelfth Round of Deregulation Proposals

Adam Witmer

Regulatory Update

On October 14, 2026, the NCUA released its twelfth round of proposed regulatory changes associated with its Deregulation Project. The project is an ongoing review of NCUA’s regulations to ensure regulations are focused on credit unions’ safety, soundness, and resilience.

Oct 14
Oct 14 Treasury Takes Action Against Bank of America for AML and Sanctions Violations

Adam Witmer

BSA, Regulatory Update

On October 13, 2026, the Treasury announced enforcement actions imposing more than $1.21 billion in penalties against Bank of America for violations of anti-money laundering and sanctions laws. The actions include a $1.2 billion penalty from FinCEN, a $750 million penalty from the OCC, and an $11.6 million settlement with the OFAC.

Oct 12
Oct 12 OCC Fines American Express $350M for BSA/AML Deficiencies

Adam Witmer

BSA, Regulatory Update

On October 8, 2026, the OCC announced a cease-and-desist order and a $350 million civil money penalty against American Express National Bank, Sandy, Utah, for deficiencies in the bank’s BSA and AML compliance program. The OCC found that the bank failed to establish and maintain a BSA/AML compliance program reasonably designed to assure and monitor compliance with the BSA and its implementing regulations.

Oct 12
Oct 12 Coinme to Shut Down Crypto Kiosks in Multiple States Under $25 Million Settlement

Adam Witmer

Regulatory Update

On October 8, 2026, the ABA Banking Journal reported that Coinme, a cryptocurrency exchange, has agreed to close down its virtual currency kiosk operations in multiple states as part of a settlement with 34 state financial regulatory authorities over alleged BSA and anti-money laundering violations. According to the article, Coinme currently collaborates with coin-counting kiosk operator Coinstar to provide approximately 6,000 Bitcoin ATMs in the U.S.

Oct 11
Oct 11 ON SALE: UDAAP Bootcamp!

Adam Witmer

If you’ve ever wondered how well your organization is protected against UDAAP risks, our UDAAP Bootcamp is a great place to start. The program—currently on sale in our store—walks you through the history and key guidance around Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) and then dives into real-world examples of violations seen across the industry. By the end, you’ll have a clearer understanding of what to look for in your own organization and a handy checklist to help spot and prevent common issues before they become problems. To register for our UDAAP Bootcamp program, go to www.compliancecohort.com/udaap-bootcamp.

Oct 9

Oct 9 VIDEO: Reg E Provisional Credit Violations

Adam Witmer

Regulation E

In this Compliance Clip (video), Adam discusses provisional credit under Regulation E and highlights common error resolution issues identified by Federal Reserve examiners. He explores what financial institutions need to consider when an investigation extends beyond the initial timeframe and when provisional credit is provided to consumers. A transcript of this video is now available.

Oct 9
Oct 9 NOW AVAILABLE: BSA Annual Update (Fall 2026)!

Adam Witmer

Our BSA Annual Update (Fall 2026) is now available at an early bird price and can be purchased and viewed today. We offer this program twice a year (in April and October) so that you can choose which cohort you join annually. The BSA Annual Update (Fall 2026) covers all of the BSA Activity that occurred during the prior year, October 2025 through September 2026, helping to ensure you haven’t missed anything that could affect your BSA/AML program. This class is a great way to show regulators that your BSA team is receiving training that helps them “remain informed of changes to regulatory requirements,” as expected in the FFIEC BSA Exam manual. Enroll in the BSA Annual Update (Fall 2026) program at: https://www.compliancecohort.com/bsa-annual-update.

Oct 8
Oct 8 Comptroller Gould Introduces Initiatives to Fight Financial Fraud in Minnesota

Adam Witmer

Regulatory Update

On October 7, 2026, Comptroller of the Currency Jonathan V. Gould convened a panel of community bankers in Minneapolis, Minnesota, October 6 to discuss ongoing efforts to combat financial fraud. During the gathering with local community bankers, the Comptroller addressed ongoing efforts to prevent financial fraud within Minnesota, emphasizing financial institutions' pivotal responsibility in detecting fraudulent schemes, and the OCC’s commitment to support banks in their efforts.