RegentForge

1/ AI is changing the fraud landscape, and fintech is finding smarter ways to stay ahead of emerging threats. In the first episode of the Fintech Explained podcast, @withpersona co-founder and CEO @rickcsong shares why he's optimistic about the future of fraud prevention.

AI does not change the firm’s obligations. Recommendations, disclosures, conflicts and data handling still require supervision. Start with an inventory of every AI tool and use case. Could you explain them during an exam? #AIGovernance #Compliance

"Canada’s auditor general says the federal government’s primary financial intelligence unit is not effectively carrying out its duties to limit money laundering in the country. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) delayed providing intelligence to law enforcement agencies, which limited its ability to help detect, prevent and deter money laundering and the financing of terrorist activities, a report by the auditor general said." @OAG_BVG

Doris M. Hektor EVP, Chief Compliance and Risk Officer, and Olivia Hawkins, Risk & Compliance Analyst, recently developed and led @Lawline's course, “Global Sanctions Compliance: Building and Maintaining an Effective OFAC Program.” They provided a practical overview of OFAC sanctions law and best practices for building and maintaining an effective organizational sanctions compliance program. Snap Finance is committed to continuous learning and strengthening our approach to global compliance, risk management, and financial crime prevention.

The Department of Justice says it pursued nearly 350 criminal and civil cases involving elder fraud and abuse during the past year, with 712 defendants accused of stealing or attempting to steal nearly $4.8 billion. fox32chicago.com/news/doj-el…

A while back I built a dashboard just for myself: a quick way to compare community banks without digging through call reports one at a time. Thanks to a few people who gave their time, feedback and funding, it's grown into a real website. Today Bank Value Hunter (bankvaluehunter.com) is live. It's a free screener covering about 4,200 FDIC-insured banks, built on FDIC data. Every bank gets a 0–100 Hunter Score based on five numbers bankers already know: ROE, ROA, net interest margin, efficiency ratio and noncurrent loans. Look up any bank, or every bank in a state, on its own page Run a price-to-tangible-book calculator for public or private banks Follow mergers and conversions, and see warning flags Pro is $10/month for spreadsheet downloads and advanced filters, with a 5-day free trial and no card needed. If you invest in or work at community and regional banks, I'd love your feedback. Not investment advice.

Seems as though FinCEN has been hacked. Only colleagues with email access have received this phishing attempt. @FinCENnews @FBICyberBranch

Canadian banks 🇨🇦 are restricting third-party AI agents from directly accessing online banking. RBC, TD and BMO have confirmed restrictions, while Scotiabank says it will limit access. The concern is security, privacy, and what happens when an AI agent acts on your behalf. But here’s the question: Should banks block these agents, or build secure ways for them to access our accounts with our permission? Security vs. convenience. Where do you stand?

Bank of America admitted it willfully violated the Bank Secrecy Act and failed to timely report $5B+ in suspicious transactions, over $1B tied to priority risks like Chinese money laundering networks and the southwest border. Treasury's fine: $1.21B. No criminal charges. 🧵

On 8 October, the Office of the Comptroller of the Currency issued a cease-and-desist order and a $350 million civil money penalty against American Express National Bank for deficiencies in its Bank Secrecy Act and anti-money laundering program. The Federal Reserve issued parallel cease-and-desist orders. Days later, Bank of America was fined a reported $1.21 billion over AML flaws. The most instructive finding was not the size of the penalty. It was a mismatch. According to the OCC, the bank's risk assessment focused heavily on its relatively narrow demand deposit products and too little on its more dominant credit and charge card business. The OCC also cited systemic breakdowns in suspicious activity monitoring and reporting, and roughly $13 billion in suspected trade-based money laundering activity between June 2014 and May 2025. Three observations for digital asset firms. 1. A risk assessment has to follow where the business actually is. A framework built around the product that is easiest to model, rather than the one that carries the volume, will miss the risk that matters. 2. Controls are a discipline, not a sector. Traditional finance does not get a pass on them, and neither does crypto. The standard is the same: tailored risk assessment, working monitoring, timely reporting. 3. Supervisors judge whether a program works, not whether it exists. Policies on paper are not controls. The same lesson is playing out in crypto security this month. Most crypto risk frameworks focus on exchanges, yet the three largest wallet incidents since July came from seed generation, the hardware supply chain and wallet software. A risk model aimed at the wrong layer is a gap, in any industry. At Blockchain Deposit Insurance Corporation (BDIC), our underwriting framework is being built around the question supervisors ask first: where does the risk actually sit? Risk and compliance at BDIC are led by Adriano Raimondi, Chief Risk and Compliance Officer, CAMS. Sources: OCC news release 2026-87; Banking Dive, 8 October 2026. #compliance #AML #riskmanagement #digitalassets #cryptoinsurance

Regulators urge seniors to build defenses against financial fraud, cyber threats www.​housingwire.​com/articles/fdic-cfpb-senior-fraud/

🌎 International trade moves goods—and can also be exploited to move illicit money. Trade-Based Money Laundering (TBML) uses trade transactions to disguise criminal proceeds, including through manipulated prices or false invoices. 🔎 #GFIExplains breaks down how it works. #TBML #AML #IFF