Regulator says it uses insights from enforcement actions to inform supervisory activity and work on regulatory standards.
Who must report: Any US person, including financial institutions, that rejects a transaction because processing it would violate OFAC sanctions requirements, even if the transaction is not blocked.
Covered transactions: Includes wire transfers, trade finance, securities transactions, checks, foreign exchange, and purchases or sales of goods or services.
Reporting deadline: A report must be filed with OFAC within 10 business days of rejecting the transaction.
Report contents: Reports must include key details about the rejected transaction, involved parties, any sanctions target involved, transaction value, supporting documentation, and the legal authority for the rejection.
Filing method: Reports must generally be submitted electronically through OFAC’s Reporting System (ORS). Alternative submission methods are allowed only in limited circumstances with OFAC approval.
Confidentiality: Information submitted to OFAC may be protected from public disclosure under applicable FOIA exemptions.
Regulator says it uses insights from enforcement actions to inform supervisory activity and work on regulatory standards.
The Finnish authority has issued penalty payments on one bank and two companies.
ACER's report on unit investment cost (UIC) indicators for energy infrastructure, updating the reference values last published in 2023.
Consultation on the new guidelines for transaction reporting.
By moving away from isolated project builds and transitioning to a unified platform architecture, firms can finally break the cycle of constant, manual reconfiguration.
This panel discussed: If data is capital and compute is trust, is your governance architecture accelerating capital velocity, or quietly slowing it down?
RegTech Conference 2026: This panel looked at where transition risk concentrates when old and new regimes run in parallel.
RegTech Conference 2026: the session focused on the evolution of regulatory reporting from rigid, template-based systems to agile, semantic data models.