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- ⚠️ Stablecoins Could Kill Community Banks – Here’s Why
⚠️ Stablecoins Could Kill Community Banks – Here’s Why
Illicit Edge - Edition for July 25, 2025
🚨 PODCAST DROP!
FinCrime Unfiltered with Sarah Beth Felix
Genius Act fallout, Hong Kong crackdowns, and America’s big AML blind spot.
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🚨 Live Virtual Event Alert!
From Hollywood to Reality: AI, FinCrime & What’s Coming Next
⏰ Next Monday, July 28 @ 2:00 PM ET
Don’t miss Live Q&A with TRM Lab’s Ari Redbord and ex-CIA analyst Yaya J. Fanusie on the AI future of financial crime. Register Now!
🧨 This week, Sarah Beth tackles three major compliance flashpoints:
🔹 Stablecoin Threats: The Genius Act could devastate community banks if non-bank issuers get Fed access. Regulators aren’t ready — and examiners are undertrained.
🔹 HKMA Crackdowns: Four enforcement actions highlight global anti-money laundering (AML) failures — from missing beneficial ownership data to broken Transaction Monitoring System (TMS) oversight.
🔹 AML Rule Delay: The U.S. just postponed AML rules for investment advisers — again — leaving trillions unregulated and banks holding the risk.
Plus: Red flags to watch, how to spot risky investment firms, and a free NAICS risk tool.
What do you think…? Send your questions and comments to [email protected]
Next Monday, July 28 @ 2:00 PM ET
Register today. You don’t want to miss this one…