Financial fraud has become one of the most costly and disruptive threats facing consumers and businesses across the globe today. In the United States alone, the Federal Trade Commission (FTC) reported that Americans lost a record $15.9 billion to fraud in 2025, an increase of more than $3 billion from the previous year, with approximately […]
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Last Friday, FinCEN handed banks 18 new red flags, a SAR key term, and a direct tip line to ICE. The advisory is framed as payroll fraud guidance, and the fraud is real, but read alongside EO 14406 and the CFPB’s new statement on immigration status, it amounts to something bigger: financial institutions being drafted into immigration enforcement. I broke down what’s actually in FIN-2026-A002, what it means for compliance teams, and what belongs on your agenda before month end.
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Last week, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) delivered another reminder that sanctions compliance remains paramount for financial institutions both domestically and abroad, and a rapidly evolving area of risk for organizations small and large. In a series of actions targeting the embattled countries of both Cuba and Iran, OFAC expanded […]
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