The Federal Deposit Insurance Corporation took receivership of Nano Banc and agreed to transfer substantially all deposits and approximately USD 476 million in assets to Sunwest Bank. Depositors retain immediate access to insured funds, and the sole branch will reopen as a Sunwest Bank branch on Sept. 28, 2026. The estimated cost to the Deposit Insurance Fund is USD 114 million.

The Cayman Islands Monetary Authority updated its AML and sanctions FAQs to clarify risk based independent audit requirements under rules effective Sept. 18, 2026. Firms are not required to conduct a new audit solely because the rules took effect, and they retain responsibility for compliance when AML functions are outsourced.

The Financial Action Task Force of Latin America advanced regional risk assessments for the insurance and nonprofit sectors after reviewing preliminary findings with authorities, specialists and industry representatives. The work identified regional risk patterns, jurisdictional differences and information gaps that will inform revised assessments.

The Federal Reserve Board has proposed a GENIUS Act framework requiring Board-supervised payment stablecoin issuers to maintain full backing with permissible reserve assets and meet capital and risk management standards. A separate proposal would establish a tailored application and review process for supervised banks seeking to issue payment stablecoins.

The National Association of Insurance Commissioners outlined how state regulators are tightening risk based oversight of complex and private investments, external ratings, affiliated relationships and life reinsurance. Measures include a 45% capital charge on residual structured securities, revised year-end 2026 CLO factors and standardized private investment reporting from year-end 2026. Regulators are also reviewing the first Actuarial Guideline 55 reinsurance filings and strengthening asset adequacy analysis for complex holdings.

The Commodity Futures Trading Commission updated its crypto FAQs to address tokenized forms of permitted customer-fund investments and the use of blockchain technology for registrant recordkeeping.

Saudi Arabia's Insurance Authority has barred ACIG from issuing new comprehensive motor insurance policies from Sept. 24, 2026, citing breaches of supervisory and regulatory instructions. Renewals are unaffected, and ACIG remains responsible for existing policies and related claims.

Saudi Arabia’s Capital Market Authority is consulting on a cap of 20 algorithmic orders per executed trade for most Main Market securities. Capital Market Institutions would also face requirements for algorithm governance, testing, supervision, recordkeeping and regulatory reporting, with the final provisions scheduled to take effect on Nov. 1, 2026.

The U.S. Senate Committee on Banking, Housing and Urban Affairs announced the reintroduction of legislation that would make private equity firms and general partners liable for obligations at controlled companies while limiting value extraction and tax advantages. The bill would also strengthen worker protections, expand investor disclosures, restrict firms receiving public funds and curb real estate investment trust involvement in health care.

The Financial Transactions and Reports Analysis Centre of Canada imposed a CAD 82,500 penalty on Caisse Alliance for anti-money laundering and terrorist financing compliance failures. The deficiencies involved compliance policies, high-risk measures, risk assessments and biennial program reviews. The credit union paid the penalty in full, and the case is closed.