GRC Report Staff

OSFI will hold its third Quarterly Release Day on September 10, 2026, followed by a virtual Industry Day on September 24, 2026. The sessions cover the final Capital Adequacy Requirements (CAR) Guideline 2027, the final crypto-asset capital and liquidity guideline, Guideline E-15 peer review expectations, AI-driven cyber threats, and Data Collection Modernization. Compliance teams at federally regulated institutions should register and prepare questions, since these topics carry near-term implementation obligations.

De Nederlandsche Bank (DNB) announced that roughly 55 pension funds and APF circles plan to transfer to the new pension system after January 1, 2027, and that it will accelerate its assessments to meet the statutory deadline of January 1, 2028. DNB aims to issue decisions at least six months before each intended transfer date. Funds must submit high-quality notifications at least twelve months before transfer to avoid time pressure and a higher risk of unresolved findings.

The Norway Financial Supervisory Authority (Finanstilsynet) published a warning about WealthW-Group, which links to a UK Financial Conduct Authority (FCA) notice identifying it as a suspected clone of an FCA-authorized firm. Compliance teams should treat this as a fraud and impersonation alert, since the entity is not a legitimate authorized firm. It calls for updates to screening, onboarding, and customer-protection controls.

The Deutsche Bundesbank announced a 35-euro commemorative collector coin marking 125 years of the Wuppertal Suspension Railway, to be issued from September 17, 2026. The update is numismatic and not a regulatory change, so it creates no new compliance obligations. Compliance teams should treat it as a low-impact item, with attention only to cash handling, legal tender, and precious-metal product considerations.

FinCEN issued Alert FIN-2026-Alert005 on September 3, 2026, urging financial institutions to detect and report suspicious activity tied to Southeast Asian scam centers and the laundering of their proceeds. The Alert supplements FinCEN's September 2023 "pig butchering" Alert, adds a specific SAR key term, and highlights the role of guarantee marketplaces, Chinese money laundering networks, and Huione Group. Compliance teams should update monitoring, typologies, and SAR procedures now.

FinCEN issued an alert and financial trend analysis on digital asset investment scams ("pig butchering") run by Southeast Asia-based scam centers. The analysis covers 33,904 BSA reports filed between September 8, 2023, and December 31, 2025, totaling approximately USD $12.7 Billion in suspected activity. Compliance teams should update detection scenarios with the newly published red flags and strengthen SAR reporting and information sharing.

FINTRAC imposed an administrative monetary penalty of CAD $231,826 on the Nova Scotia Gaming Corporation, a casino reporting entity, for failing to file suspicious transaction reports, maintain current compliance policies, and document its risk assessment. The penalty was assessed on July 23, 2026, announced on September 3, 2026, and has been paid in full. It adds to a record enforcement year and signals that foundational program elements remain priority examination targets.