Treasury Slaps Special Measures on UAE Bank's Laundering Branches
Published Date: 9/1/2026
Proposed Rule
Summary
FinCEN is proposing new rules targeting Banque Misr’s UAE branches because they’re linked to serious money laundering risks. U.S. banks would have to stop opening or keeping accounts for these branches and be extra careful with any transactions involving them. Comments on this proposal are open until October 1, 2026, so the financial world should get ready for tighter controls soon.
No Economic Impacts Identified for this Document
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-20430, Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets; Withdrawal
FinCEN is officially dropping a plan that would have made banks and money service businesses report and verify big digital currency transactions involving certain wallets. This means no new rules or extra paperwork for transactions over $3,000 or $10,000 involving unhosted or special foreign wallets. The withdrawal takes effect on October 6, 2026, so businesses can breathe easy and keep things as they are.
2026-20429, Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern; Withdrawal
FinCEN has decided to cancel its earlier plan to crack down on international virtual currency mixing by imposing extra rules to stop money laundering. This change means businesses dealing with virtual currencies won’t face new recordkeeping or reporting requirements from this proposal. The withdrawal takes effect on October 6, 2026, so affected companies can breathe easy for now.
2026-16576, Beneficial Ownership Information Reporting Requirement Revision
FinCEN is issuing this final rule to adopt as final and with certain limited changes the interim final rule issued on March 26, 2025, which narrowed beneficial ownership information (BOI) reporting requirements under FinCEN's regulations implementing the Corporate Transparency Act (CTA). In particular, this final rule not only continues to exempt reporting companies from having to report the BOI of U.S. person beneficial owners and U.S. person beneficial owners from having to provide BOI to reporting companies; it also exempts reporting companies from having to submit information about their U.S. person company applicants to FinCEN and exempts U.S. person company applicants from any obligation to provide their information. In addition, the final rule exempts all U.S. persons from the requirement to update information already provided to FinCEN in connection with obtaining a FinCEN identifier (FinCEN ID).
2025-05199, Beneficial Ownership Information Reporting Requirement Revision and Deadline Extension
FinCEN is changing the rules about who has to share ownership info under the Corporate Transparency Act. Now, only foreign companies must report their beneficial owners, while U.S. companies are off the hook. Plus, foreign companies get more time—until March 26, 2025—to file or update their reports, making it easier and less costly to comply.
2026-20371, Proposal of Special Measure Prohibiting the Transmittal of Funds Regarding Transactions Involving the A7 Network's Sub-Agents
FinCEN wants to stop money transfers linked to the A7 Network’s sub-agents, who help shady groups like those tied to Russia and Iran move dirty money. This rule would affect banks and financial institutions by banning certain transactions to fight illegal money flows. Comments on this proposal are open until November 4, 2026, so speak up before then!
2026-18194, Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Money Services Businesses Along the Southwest Border
FinCEN is issuing this Geographic Targeting Order, requiring certain money services businesses along the southwest border of the United States to report and retain records of transactions in currency of $1,000 or more, but not more than $10,000, and to verify the identity of persons presenting such transactions.
Previous / Next Documents
Previous: 2026-17867, Amendment of Class D Airspace and Class E Airspace Over New Haven, CT
This action proposes to amend Class D and Class E airspace over New Haven, CT. This action would modify the dimensions of the New Haven, CT Class D airspace to appropriately contain Instrument Flight Rules (IFR) operations at the Tweed/New Haven Airport. This action would also update verbiage in the Class D airspace legal description to comply with current FAA guidance. This action would also update the airport name and geographic coordinates for Tweed/New Haven airport in both the Class D and Class E5 airspace legal descriptions. This action would also remove the exclusions for adjacent Class E5 airspace from the New Haven, CT Class E5 airspace legal description.
Next: 2026-17902, Bicycle Use in Park Areas
The National Park Service (NPS) proposes to modify the procedural requirements in existing NPS regulations for the designation of roads and trails for bicycle use within park areas. The changes would align NPS regulations with applicable Federal law and policy, remove unnecessary requirements, and ensure public involvement when needed. The changes in this rule would allow the NPS to manage its resources and allocate taxpayer funds more efficiently and streamline the approval of new and expanded opportunities for use and enjoyment of park areas by the American public.