The Federal Reserve Board of Governors intends "to implement 22x6 operating hours for the Fedwire Funds Service and [the National Settlement Service] between 2028 and 2029."
News & Insights
FinCEN issued a Geographic Targeting Order requiring title insurers to report certain residential real estate transactions paid with cash, checks, money orders, wire transfers, or virtual currency in designated jurisdictions across the U.S.
The Blockchain Association and the North American Blockchain Association formed a "strategic alliance" to align their federal and state regulatory approaches on implementation of the GENIUS Act.
The Financial Crimes Enforcement Network, in coordination with the Federal Reserve, FDIC, NCUA, and OCC, issued guidance to financial institutions on the scope and application of suspicious activity reporting requirements under the Bank Secrecy Act.
A firm settled FINRA charges for failing to implement an anti-money laundering compliance program designed to detect suspicious wire transfers in high-risk jurisdictions.