Zenoo Compliance Brief
State Street copped $7.5m OFAC fine for Russian sanctions lapses
Plus, FinCEN tightens AML/CFT programme requirements, FinTech Global names top 50 compliance vendors, and GAFA releases 2026 AML trends analysis.
1 May 2026 · 4 min read
State Street's $7.5 million penalty from OFAC underscores what compliance teams already know: sanctions screening failures still draw heavy fines despite two decades of post-FATF reforms. We've covered the enforcement details. You'll also find FinCEN's proposed tightening of AML/CFT programme standards, the latest vendor rankings from FinTech Global, and GAFA's freshly released trends report showing where the compliance industry is heading in 2026. Read on.
In today's brief
- 1 State Street hit with $7.5m OFAC penalty: what triggered the Russia sanctions breach?
- 2 Does FinCEN's proposed overhaul force your institution to rewrite entire compliance frameworks?
- 3 Which compliance vendors made FinTech Global's third annual FinCrimeTech50 ranking?
- 4 Are your fintech and digital banking controls ready for mandatory real-time monitoring in 2026?
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