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On October 15, 2025, FinCEN issued a final rule that severs Cambodia-based Huione Group from the U.S. financial system. Huione Group is a key player in laundering proceeds from cyber heists by North Korea and transnational criminal organizations in Southeast Asia involved in virtual currency investment scams, such as "pig butchering" scams.
On October 14, 2025, the OFAC and FinCEN, in close coordination with the United Kingdom’s Foreign, Commonwealth, and Development Office (FCDO), took complementary actions against criminal networks responsible for targeting citizens of the United States and other allied nations through online scams and the laundering of stolen funds. OFAC has sanctioned 146 targets within the Prince Group Transnational Criminal Organization, a Cambodia-based network led by Chen Zhi, known for online investment scams targeting Americans and others globally.
On October 9, 2025, FinCEN issued answers to four Frequently Asked Questions to clarify certain requirements related to suspicious activity reports (SARs). The FAQs were issued jointly with the Board, the FDIC, the NCUA, and the OCC.
On October 9, 2025, FinCEN renewed its Geographic Targeting Orders (GTOs) that require US title insurance companies to identify natural persons behind shell companies used in non-financed purchases of residential real estate. The terms of the GTOs are effective beginning October 10, 2025.
On October 7, 2025, the OCC and the FDIC issued two separate notices of proposed rulemaking designed to refocus supervisory practices and enhance clarity around enforcement standards. Both proposals reflect a broader regulatory shift toward prioritizing material financial risks and ensuring consistency in supervisory expectations.
On October 6, 2025, the OCC announced guidance to banks and proposed rulemakings to reduce regulatory burden for community banks. According to the OCC, these actions build upon its continued efforts to tailor its regulatory and supervisory frameworks to minimize burden for its regulated institutions and promote economic growth.
On September 30, 2025, FinCEN issued a notice and request for comments on the proposed renewal, without change, of existing information collection requirements found in BSA regulations concerning information sharing between government agencies and financial institutions.
On October 1, 2025, the federal agencies issued a reminder to lenders that they may continue to make loans that are subject to the federal flood insurance statutes when the National Flood Insurance Program is not available.
On October 2, 2025, the CFPB issued a final rule to finalize its June 18 interim final rule amending Regulation B to extend the compliance dates of the small business lending rule and to make other date-related conforming adjustments. This final rule becomes effective on December 1, 2025.
