Federal Banking Shake-Up: What Regulators Are Really Signaling | FinCrime Unfiltered
In this episode of FinCrime Unfiltered, host Sarah Beth Felix breaks down a wave of new announcements from federal banking agencies — and what they reveal about the next era of compliance risk. From the evolving expectations around Model Risk Management (MRM) to how the “Unsafe or Unsound Practice” clause is being applied in modern enforcement, Sarah explores how regulators are tightening the screws on operational integrity and governance. She also unpacks the proposed NPRM on Reputational Risk, a move that could reshape how financial institutions assess exposure beyond traditional compliance frameworks. Plus, a look at FinCEN’s latest FAQ on SARs — and what it says about the government’s shifting priorities in financial crime reporting. Today's Topics:Federal banking agencies issue coordinated statementsWhat’s changing in Model Risk Management (MRM)The “Unsafe or Unsound Practice” clause explainedNPRM on Reputational Risk: New frontier in complianceFinCEN’s updated FAQ for SARs and real-world implications #FinCrimeUnfiltered #FinancialCrime #Compliance #BankingRegulation #FinCEN #AML Proudly Supported by Castellum AI Don’t forget to like, comment, and subscribe for more unfiltered takes on the world of financial crime.See omnystudio.com/listener for privacy information.
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FDIC’s Compliance Cost Survey, OFAC’s Crypto Crackdown, & CCP’s Hong Kong Warning | FinCrime Unfiltered
In this episode of FinCrime Unfiltered, host Sarah Beth Felix breaks down three major developments shaping the global financial crime landscape:FDIC’s Survey on Compliance Costs – What new data reveals about the rising burden of compliance for U.S. banks and financial institutions. Check out the full survey here: https://www.fdic.gov/federal-register-publications/draft-survey-comment-survey-costs-amlcft-complianceOFAC’s Penalty Against a Denver Digital Asset Exchange – Why this enforcement action signals Washington’s growing scrutiny of crypto players.Congressional-Executive Commission on China Letter – A sharp warning on Hong Kong and Chinese companies, and its implications for compliance, sanctions, and cross-border risk. Proudly Supported by Hummingbird - Register for Hummingbird's Event: Customer Screening In The Age of AI: https://newsletter.illicitedge.com/p/cut-screening-time-by-50?utm_source=newsletter.illicitedge.com&utm_medium=newsletter&utm_campaign=cut-screening-time-by-50Stay ahead of the regulatory curve with sharp analysis, expert insight, and a look at how these moves could impact compliance teams, financial institutions, and global markets. Don’t forget to like, comment, and subscribe for more unfiltered takes on the world of financial crime.#AML #FinCrime #Crypto #OFAC #FDIC #SanctionsSee omnystudio.com/listener for privacy information.
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Hot Takes on U.S. AML Reform & John Hurley’s ACAMS Vegas Statement | FinCrime Unfiltered
Host Sarah Beth Felix dives into the real meaning behind U.S. Undersecretary of the Treasury John Hurley’s ACAMS Vegas statement — and what it could mean for the future of AML reform. Key Hot Takes & Quotes:“As everyone in this field knows, there are useful SARs and not so useful SARs.”SAR Complexity, Flooding the system, Communication gaps, Exam reform, AI innovation, De-risking dangers, Modernizing AML, and More!Sarah Beth breaks down what’s rhetoric vs. what’s realistic — and why Hurley’s remarks may signal a turning point in the U.S. AML policy. Subscribe to FinCrime Unfiltered for weekly insights on enforcement, regulatory reform, sanctions, and AML strategy.#FinCrime #AML #ACAMS #SARs #Compliance #FinCEN #FinancialCrime #Banking Proudly Supported by Castellum.AISee omnystudio.com/listener for privacy information.
Host Sarah Beth Felix unpacks a whirlwind week in financial crime and compliance, with critical updates every compliance officer needs to hear:FINCEN’s Busy Week — key takeaways from multiple announcements and regulatory actions.Financially Motivated Sextortion — new notice highlights urgent red flags for institutions.Border Geographical Targeting Order — reporting rule changes and what they mean in practice.FINCEN’s Cross Border Guidance — why “proceed with caution” is the message for banks and MSBs.OCC’s Supervisory Framework Changes — what the shift could mean for oversight and enforcement.Subscribe to FinCrime Unfiltered for weekly insights on sanctions, AML, enforcement, and regulatory shifts.#FinCrime #FINCEN #OCC #AML #Compliance #FinancialCrime #Sextortion #Banking Proudly Supported by HummingbirdSee omnystudio.com/listener for privacy information.
In this episode of FinCrime Unfiltered, Sarah Beth Felix breaks down some of the latest global financial crime and compliance headlines you need to know:IRS vs ISO Country Codes — why the difference matters for compliance teams.Key Takeaways on OFAC’s Latest Penalty — what regulators are signaling with this action.Marshall Islands — implications for shipping registries and global trade.Bunq B.V. Penalty in the Netherlands — lessons from the Dutch central bank’s enforcement.Stay ahead of the evolving sanctions, AML, and compliance landscape with clear analysis and practical insights.Subscribe for weekly updates on financial crime, enforcement, and regulatory trends. Proudly Supported by Castellum AI This episode of FinCrime Unfiltered with Sarah Beth Felix is brought to you by Castellum.AI - the real time AI agents and screening platform keeping banks, fintechs, and governments ahead of financial crime.Whether you're navigating sanctions or watchlists, Castellum.AI helps you move fast and stay compliant.No outdated databases. No manual processes. Just lightning-fast intelligence you can rely on.Visit Castellum.AI to see why compliance teams are making the switch. That’s Castellum.AI #FinCrime #OFAC #Sanctions #AML #Compliance #Bunq #MarshallIslands #IRS #ISOSee omnystudio.com/listener for privacy information.
FinCrime Unfiltered with Sarah Beth Felix dives into the gritty world of financial crime with sharp insights, real talk, and unapologetically, SB or Sarah Beth. From money laundering trends to sanctions, we break down the latest headlines and operational takeaways with a no-nonsense edge. Expect frank analysis, lessons learned, and the occasional guest— no fluff, just what matters.
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