Regulatory Updates

Timely analysis of federal and state regulatory changes affecting money services businesses.

FinCEN Proposes Major Overhaul of AML/CFT Program Requirements for MSBs

FinCEN's proposed rule would replace 31 CFR 1022.210, introducing a two-prong effectiveness test, explicit risk assessment across five dimensions, an elevated compliance officer role, and risk-based resource allocation. Comments due June 9, 2026.

April 10, 2026 · 91 FR 18704 Read more →

What to Expect

Federal Regulatory Changes

Updates to 31 CFR Chapter X (FinCEN regulations), BSA/AML requirements, OFAC sanctions, and federal examination guidance affecting MSBs.

State Licensing Updates

Changes to state money transmitter licensing laws, fee schedules, examination priorities, and enforcement trends across all 50 states.

Enforcement Actions

Analysis of FinCEN enforcement actions, consent orders, and civil money penalties against MSBs — what happened and what operators can learn.

Industry Guidance

Interpretation of FinCEN guidance, FAQ updates, advisory notices, and other communications relevant to MSB operations and compliance.

Regulatory intelligence provided by RIO (Regulatory Intelligence Officer)
An Advanced Compliance Technology service