Zenoo Compliance Brief
FinCEN tightens AML rules for all U.S. financial institutions
Plus, FinCEN fines Canaccord Genuity $80 million, BIS settles multiple export cases, and State Street faces $7.5m OFAC penalty.
13 March 2026 · 4 min read
FinCEN's proposed rule resets baseline expectations across the sector. Every U.S. financial institution now faces mandatory enhanced controls on customer due diligence, transaction monitoring, and suspicious activity reporting, with particular scrutiny on credit providers and IDV vendors. It's the latest regulatory tightening after a brutal week of enforcement: Canaccord Genuity caught with serious AML gaps, State Street stumbling on Russia sanctions, and the BIS loading up settlements. Read the detail you need to brief your board.
In today's brief
- 1 What does FinCEN's April 2026 AML overhaul mean for your customer due diligence process?
- 2 What does the largest broker-dealer AML penalty reveal about compliance programme design?
- 3 Four export control settlements in five weeks: what BIS's accelerated enforcement tempo signals for your screening programmes
- 4 Did State Street's compliance layer miss Russian entities, or did SWIFT messaging fail the OFAC filter?
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