Overview

The September 2024 AFC Regulatory Watch is now live!

Craig Timm starts two major updates from FinCEN: The Final Rule for Real Estate professionals and the Final Rule for Investment Advisers! He then provides an overview of the recent OCC Enforcement Action against Wells Fargo. As ACAMS heads to Las Vegas soon for a great conference, It is only fitting that Craig highlights Wynn Las Vegas's asset forfeiture to the Department of Justice as part of their non-prosecution agreement. Craig then closes the US updates by breaking down New York's Department of Financial Services 35 million dollar fine against Nordea Bank. Craig then takes us to Sweden, where the former CEO of Swedbank is sentenced to prison and closes by summarizing the UK's Financial Conduct Authority's annual report. Check it out!