GAO issued a report on the collection and use of fines, penalties and forfeitures assessed against financial institutions for their violations of BSA/AML regulations, the Foreign Corrupt Practices Act and U.S. sanctions programs requirements.

U.S. Attorney for the Southern District of New York Preet Bharara sent a letter to the International Consortium of Investigative Journalists asking for information that could assist in a new criminal investigation concerning "matters to which the 'Panama Papers' are relevant."

Senator Elizabeth Warren raised concerns over what she called "the latest example" of the SEC's failure to "punish guilty parties, deter future wrongdoing, and protect investors."

The FDIC will review issues concerning securities transfer agents, incentive compensation for executives, and deposit insurance assessments for small banks.

In testimony before a Subcommittee of the House Financial Services Committee, SEC Directors and Chiefs outlined new and increasing regulatory and oversight responsibilities.