A financial institution settled New York State Department of Financial Services charges for supervisory and anti-money laundering compliance failures relating to the accounts of Jeffrey Epstein.

NFA amended AML interpretive guidance for futures commission merchants and introducing brokers to incorporate CFTC guidance on the regulatory obligations of "voice" brokers.

NFA proposed an amendment to an interpretive notice on AML compliance procedures to clarify the obligations of certain introducing brokers under a written Customer Identification Program and Beneficial Ownership regulations.

GAO recapped its "priority open recommendations" for the Federal Reserve Board. Highlighted recommendations concern FinTech, the Bank Secrecy Act and stress testing.

The Federal Financial Institutions Examination Council updated its "Bank Secrecy Act/Anti-Money Laundering Examination Manual."

A broker-dealer settled FINRA charges for failing to comply with FINRA's AML compliance program requirements.

FinCEN issued updated guidance and clarifications to encourage disbursal of funds under the Coronavirus Aid, Relief and Economic Security Act.

FinCEN updated its Financial Action Task Force list of jurisdictions with strategic AML and combating the financing of terrorism deficiencies.

FinCEN assessed a civil monetary penalty against a former chief operational risk officer for failing to prevent Bank Secrecy Act violations.

FinCEN named Michael Mosier as the agency's first Digital Innovation Officer.

NFA highlighted certain regulatory obligations and available resources for (i) CPOs/CTAs, (ii) swap dealers, and (iii) futures commission merchants, forex dealer members and introducing brokers.

FinCEN Deputy Director Jamal El-Hindi described ongoing challenges for regulators concerning the Bank Secrecy Act/Anti-Money laundering framework.

A Miami-based Ecuadorian citizen pleaded guilty to DOJ charges of bribery and money laundering involving public officials at a state-owned and state-controlled oil company in Ecuador.

In its annual Risk Monitoring and Examination Priorities letter, FINRA identified areas of focus for 2020.

The FINRA National Adjudicatory Council affirmed findings against a broker-dealer firm and its general securities representatives for violating short sales regulations and failing to comply with AML requirements.

Federal Reserve Board Governor Lael Brainard described legal and regulatory challenges associated with increasingly fast rates of technology adoption and the growth in global stablecoin networks.

The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.

The DOJ charged a U.S. citizen with violating the International Emergency Economic Powers Act after traveling to the Democratic People's Republic of Korea and speaking at a Pyongyang cryptocurrency conference.

FinCEN Director Kenneth A. Blanco reminded market participants of their obligations to comply with AML regulations related to convertible virtual currencies.

The DOJ charged a trader and his security company with committing securities fraud, wire fraud and money laundering.

The House of Representatives passed a bill designed to reform the Bank Secrecy Act and related anti-money laundering laws.

A broker-dealer settled FINRA charges for failing to implement an adequate AML program on the firm's penny stock business.

The U.S. House of Representatives passed a bill requiring U.S. corporations and limited liability companies to disclose beneficial ownership information.

The Financial Action Task Force outlined the findings from recent anti-money laundering / countering the financing of terrorism country-specific evaluations and warned of risks associated with stablecoins.

In a joint statement, the CFTC, FinCEN and the SEC reminded those engaged in digital asset transactions to comply with anti-money laundering and countering the financing of terrorism obligations under the Bank Secrecy Act.