On June 12, 2026, the Financial Crimes Enforcement Network (FinCEN) issued updated guidance clarifying how financial institutions, including money services businesses (MSBs), may use Section 314(b) of the USA PATRIOT Act to share information about suspected fraud. While many institutions have historically associated 314(b) information sharing with money laundering and terrorist financing investigations, FinCEN’s latest […]
On May 19, 2026, the President of the United States of America, Donald J Trump, signed an Executive Order, “Restoring Integrity to America’s Financial System,” that expands customer due diligence expectations and enhances financial transparency requirements. While early discussions focused on whether financial institutions would be required to collect proof of citizenship from all customers, […]
On March 16, 2026, the White House issued a new executive order establishing the Task Force to Eliminate Fraud (Task Force), a government-wide initiative aimed at eliminating fraud across federal programs. While the Task Force is primarily focused on protecting public funds, its ripple effects will be felt well beyond government agencies, especially by Money […]
On July 18, 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act was signed into law, marking the first comprehensive federal regulatory framework governing payment stablecoins in the United States. For anti-money laundering (AML)/combating the financing of terrorism (CFT) professionals, fintech executives, and compliance officers, the GENIUS Act is not just crypto […]
Money Services Businesses (MSBs) are entering 2026 under continued regulatory pressure, from federal expectations around anti-money laundering/countering the financing of terrorism (AML/CFT) effectiveness and sanctions compliance to increasingly detailed state licensing, cybersecurity, and consumer protection requirements. Use this ten-step roadmap to prioritize renewals, updates, and internal reviews before regulators or your bank. 1. Core Business […]
