FinCrime Unfiltered with Sarah Beth Felix dives into the gritty world of financial crime with sharp insights, real talk, and unapologetically, SB or Sarah Beth. From money laundering trends to sanctions, we break down the latest headlines and operational takeaways with a no-nonsense edge. Expect frank analysis, lessons learned, and the occasional guest— no fluff, just what matters.
OCC Drops the Hammer: Hefty Consent Order & Crypto Bank Approval Explained | FinCrime Unfiltered
This week on FinCrime Unfiltered, host Sarah Beth Felix breaks down the OCC’s latest enforcement action and what its preliminary approval of a crypto bank really signals for the future of U.S. banking.
What triggered the hefty consent order?
Why is the OCC warming up to crypto charters now?
And how should compliance and risk teams interpret these moves?
Join Sarah Beth for a sharp, unfiltered look at the regulators’ evolving stance on traditional vs. digital banking—and what it means for financial institutions navigating the next wave of oversight.
#OCC #Crypto #Compliance #BankingRegulation
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10 Oct 2025TRANSCRIPT
Federal Banking Shake-Up: What Regulators Are Really Signaling | FinCrime Unfiltered
In this episode of FinCrime Unfiltered, host Sarah Beth Felix breaks down a wave of new announcements from federal banking agencies — and what they reveal about the next era of compliance risk. From the evolving expectations around Model Risk Management (MRM) to how the “Unsafe or Unsound Practice” clause is being applied in modern enforcement, Sarah explores how regulators are tightening the screws on operational integrity and governance.
She also unpacks the proposed NPRM on Reputational Risk, a move that could reshape how financial institutions assess exposure beyond traditional compliance frameworks. Plus, a look at FinCEN’s latest FAQ on SARs — and what it says about the government’s shifting priorities in financial crime reporting.
Today's Topics:
Federal banking agencies issue coordinated statements
What’s changing in Model Risk Management (MRM)
The “Unsafe or Unsound Practice” clause explained
NPRM on Reputational Risk: New frontier in compliance
FinCEN’s updated FAQ for SARs and real-world implications
#FinCrimeUnfiltered #FinancialCrime #Compliance #BankingRegulation #FinCEN #AML
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26 Sept 2025TRANSCRIPT
FDIC’s Compliance Cost Survey, OFAC’s Crypto Crackdown, & CCP’s Hong Kong Warning | FinCrime Unfiltered
In this episode of FinCrime Unfiltered, host Sarah Beth Felix breaks down three major developments shaping the global financial crime landscape:
FDIC’s Survey on Compliance Costs – What new data reveals about the rising burden of compliance for U.S. banks and financial institutions. Check out the full survey here:
https://www.fdic.gov/federal-register-publications/draft-survey-comment-survey-costs-amlcft-compliance (https://www.fdic.gov/federal-register-publications/draft-survey-comment-survey-costs-amlcft-compliance)
OFAC’s Penalty Against a Denver Digital Asset Exchange – Why this enforcement action signals Washington’s growing scrutiny of crypto players.
Congressional-Executive Commission on China Letter – A sharp warning on Hong Kong and Chinese companies, and its implications for compliance, sanctions, and cross-border risk.
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Stay ahead of the regulatory curve with sharp analysis, expert insight, and a look at how these moves could impact compliance teams, financial institutions, and global markets.
Don’t forget to like, comment, and subscribe for more unfiltered takes on the world of financial crime.
#AML #FinCrime #Crypto #OFAC #FDIC #Sanctions
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Inside a recent episode
OCC Drops the Hammer: Hefty Consent Order & Crypto Bank Approval Explained | FinCrime Unfiltered
Published 17 Oct 2025 · Transcript excerpt
[…] So I just want to say thank you. I've heard from a number of y 'all or the last six months, specifically not just for this podcast, but also for my LinkedIn posts. And I just want to say thank you. And thanks for the continued support. So I will say for the final episode, I'm glad that we have a new consent order. I'm not, I'm not glad for the bank. I'm never, I'm never glad or happy when a bank gets in trouble because I feel like they're all preventable, right? We've had this exam manual for 20 years now. And there really is no excuse for failures, especially hefty ones, which the consent order released today by the OCC against a small community bank in central Florida, right outside of where I was born or raised, it's first national bank of Pasco. […]
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