Nov 10
Nov 10 Board Training: BSA CTR and SAR Training

Our new program, Board of Directors CTR and SAR Training, is now available in our store. This concise, video-based training is designed specifically for bank and credit union Boards of Directors and Senior Management, providing a fast and efficient way to meet BSA/AML training expectations. In under 30 minutes, the program delivers a focused overview of key BSA requirements, the purpose of Currency Transaction Reports (CTRs), the importance of Suspicious Activity Reports (SARs), and essential guidance on board-level oversight and governance. It’s an easy and effective way to train your leadership team on BSA and ensure awareness of key responsibilities. To learn more about this program, go to www.compliancecohort.com/bod-ctr-and-sar-training.

Nov 7

Nov 7 VIDEO: Ways to Identify Redlining

Adam Witmer

Fair Lending

In this Compliance Clip (video), Adam explains a number of ways the examiners may identify redlining in an organization. In addition, he breaks down the different types of comparative evidence and overt evidence that could result in redlining. This video provides a great framework for understanding how redlining could appear in your financial institution.

Nov 5
Nov 5 Treasury Sanctions DPRK Bankers for Cybercrime Funds Laundering

Adam Witmer

BSA, Regulatory Update

On November 4, 2025, the OFAC sanctioned eight individuals and two entities for their role in laundering funds derived from a variety of illicit Democratic People’s Republic of Korea (DPRK) schemes, including cybercrime and information technology (IT) worker fraud. According to the Multilateral Sanctions Monitoring Team’s report, these operations have been linked to the funding for the DPRK’s weapons of mass destruction (WMD) programs and destruction of physical computer equipment.

Nov 3
Nov 3 Fed to Reduce its Bank Supervision Staff by 30%

Adam Witmer

Regulatory Update

On October 30, 2025, the ABA Banking Journal cited a report by the Wall Street Journal that the Federal Reserve will reduce its bank supervision staff by 30% by the end of 2026.

Nov 3
Nov 3 Fed Publishes Third Issue of Consumer Compliance Outlook for 2025

Adam Witmer

The Federal Reserve recently published its third issue of the Consumer Compliance Outlook for 2025. Consumer Compliance Outlook is the agency’s publication focusing on consumer compliance topics.

Nov 3
Nov 3 Court Issues Temporary Pause on Enforcement of Section 1033 Rule

Adam Witmer

Regulatory Update

On October 29, 2025, the ABA Banking Journal reported that a federal court issued an order preventing the CFPB from enforcing its rule on financial data sharing while the bureau reassesses the regulation. The CFPB finalized the rule in October 2025 that requires financial institutions, credit card issuers, and other financial providers to unlock an individual’s personal financial data and transfer it to another provider at the consumer’s request for free.

Oct 30
Oct 30 CFPB Rescinds Registry of Nonbank Covered Persons Final Rule

Adam Witmer

Regulatory Update

On October 29, 2025, the CFPB issued a final rule rescinding its rule requiring certain types of nonbank covered persons subject to certain final public orders obtained or issued by a government agency in connection with the offering or provision of a consumer financial product or service to report the existence of the orders and related information to a Bureau registry.

Oct 28
Oct 28 CFPB Says FCRA Preempts State Laws

Adam Witmer

FCRA, Regulatory Update

On October 28, 2025, the CFPB published an interpretive rule to clarify that the Fair Credit Reporting Act (FCRA) generally preempts State laws that touch on broad areas of credit reporting, consistent with Congress's intent to create national standards for the credit reporting system. The interpretive rule replaces a July 2022 interpretive rule that the Bureau withdrew in May 2025.

Oct 23
Oct 23 FinCEN Report Reveals $9 Billion in Iranian Shadow Banking Activity in 2024

Adam Witmer

Regulatory Update, BSA

On October 23, 2025, FinCEN published a Financial Trend Analysis (FTA) identifying approximately $9 billion of potential Iranian shadow banking activity that occurred through U.S. correspondent accounts in 2024. The analysis draws on reports from U.S. financial institutions about transactions before the maximum pressure campaign and supplements FinCEN’s June advisory on Iran’s illicit oil smuggling, shadow banking, and weapons procurement activities.

Oct 22
Oct 22 Senators Introduce Bill to Increase BSA Reporting Limits

Adam Witmer

BSA, Regulatory Update

On October 21, 2025, the Senate proposed a bill that would raise the reporting thresholds for currency transaction reports and suspicious activity reports. If enacted, the bill would require the Treasury Department to adjust the thresholds for inflation every five years.