On July 21, 2026, FinCEN Director Andrea Gacki testified before the United States House of Representatives Committee on Financial Services. Gacki provided an update on FinCEN’s work to combat fraud schemes and its efforts to modernize the Bank Secrecy Act (BSA) regime to address illicit finance threats.

On July 7, 2026, the Federal Reserve Board issued a proposal to amend its requirements for banks to maintain anti-money laundering programs. According to the Fed’s press release, the amendments are intended to align with changes to anti-money laundering program requirements separately proposed by the other agencies.

On June 30, 2026, FinCEN issued a supplemental Alert regarding fuel smuggling and tax evasion schemes on the southern border associated with Mexico-based cartels. The Alert advises financial institutions to be vigilant in detecting, identifying, and reporting suspicious activity connected to Cartel de Jalisco Nueva Generacion (CJNG) and other Mexico-based transnational criminal organizations.

On June 23, 2026, the OFAC sanctioned nine individuals and 26 entities linked to Prince Group TCO, including TCO leadership, investors in scam compounds, and front companies. This action further disrupts the group's overseas scam operations targeting Americans.

On June 22, 2026, the OCC issued a proposed rule to implement Bank Secrecy Act (BSA) and sanctions compliance standards applicable to OCC-supervised permitted payment stablecoin issuers (PPSIs), as required by the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).

On June 18, 2026, FinCEN, together with the Federal Reserve, OCC, FDIC, and NCUA, issued a joint proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The GENIUS Act requires permitted payment stablecoin issuers (PPSIs) to maintain an effective customer identification program (CIP).

On June 12, 2026, FinCEN released updated guidance to clarify how financial institutions can share information with each other about suspected fraud under section 314(b) of the USA PATRIOT Act. The guidance forms part of the Administration’s whole-of-government initiative to combat fraud and prevent criminals from taking advantage of individuals and businesses.

On June 5, 2026, FinCEN, jointly with the FDCI, OCC, and NCUA, issued an advisory to advise banks to be vigilant against fraud schemes and other suspicious or potentially criminal activities involving the unlawful employment of illegal aliens and the associated risks to the integrity of the U.S. financial system.

On May 28, 2026, the OFAC updated its Specially Designated Nationals and Blocked Persons (SDN) List by removing sanctions on 76 outdated targets. According to its press release, the removals are part of Treasury’s ongoing sanctions modernization initiative.