The Financial Action Task Force updated the list of jurisdictions with strategic deficiencies in combating anti-money laundering and countering the financing of terrorism.

The New York Department of Financial Services will transition budget planners and premium finance companies to the National Multistate Licensing System and Registry.

The House Financial Services Committee considered several challenges associated with implementation of the Financial Crimes Enforcement Network Customer Due Diligence Rule.

CFTC Commissioner Brian Quintenz encouraged international regulators to develop different regulations for (i) cryptocurrencies that serve only as a medium of exchange or store of value and (ii) tokens that are intended to represent physical assets.