Tag: Banking

Regulatory Watch News

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  SEC Coordinates with Global Financial Regulators to Raise Fraud Awareness During World Investor Week

  SEC

  October 5, 2026

  Washington D.C., Oct. 5, 2026 —

  The Securities and Exchange Commission, in coordination with other U.S. and global financial regulators, today issued a joint investor bulletin as part of World Investor Week (WIW). The bulletin encourages investors to be resilient in changing economic conditions and to be vigilant in the face of rising relationship investment and impersonation scams. World Investor Week is a global effort by the International Organization of Securities Commissions to bring together regulators across six continents to raise awareness about the importance of investor education and investor protection. This year marks WIW’s tenth anniversary. The SEC, coordinating U.S. efforts, worked with the Commodity Futures Trading Commission, Financial Industry Regulatory Authority, Securities Investor Protection Corporation, National Futures Association, and North American Securities Administrators Association to issue the joint Investor Bulletin.

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  FinCEN Announces Withdrawals of Proposed Digital Asset Related Rules

  FinCEN

  October 5, 2026

  The Financial Crimes Enforcement Network (FinCEN) is withdrawing the following proposed rules that would have imposed certain regulatory requirements on financial institutions related to certain digital assets, specifically convertible virtual currencies:

  • a proposal that would have imposed recordkeeping, verification, and reporting requirements on certain transactions involving convertible virtual currencies and unhosted wallets and
  • a proposal that would have imposed a special measure with regards to convertible virtual currency mixing.

  FinCEN has considered the comments submitted in response to these proposals and is withdrawing them as part of the Trump Administration’s deregulatory agenda and ongoing efforts to ensure digital asset regulations are fit-for-purpose.

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  Treasury Dismantles Major Hamas Financing Network

  OFAC

  October 2, 2026

  WASHINGTON—Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated a member of Hamas’s military wing, along with two France-based individuals and two affiliated entities that provide critical financing to Hamas. These designations expose a sophisticated, multi‑year financing architecture that moved more than $2 million to Hamas through deceptive charitable fronts and cryptocurrency channels, demonstrating the organization’s persistent ability to adapt its fundraising mechanisms to evade detection.