Treasury Targets Burma Armed Group and Crime-Linked Firms Threatening U.S. Citizens

Adam Witmer
BSA, Regulatory Update

On November 12, 2025, the OFAC designated the Democratic Karen Benevolent Army (DKBA) and four senior leaders for supporting Burma-based cyber scam centers that target Americans through fraudulent investment schemes. In addition, the OFAC designated three other organizations linked to Chinese organized crime and have worked with the DKBA and other armed groups to develop these scam centers.

Board Training: BSA CTR and SAR Training

Paula Parras

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.

VIDEO: Ways to Identify Redlining

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.

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.

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. 

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.

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