Unknown Sponsor Bank

The U.S. Department of Justice updated its Foreign Corrupt Practices Act (FCPA) guidelines on June 9, 2025, with updated priorities that specifically target banks for anti-bribery controls in international transactions. The guidance is relevant to the BaaS industry as sponsor banks facilitating cross-border fintech services must ensure their anti-bribery compliance programs meet the DOJ's heightened expectations. The update reflects the DOJ's strategic focus on the banking and fintech sectors, particularly where AI and technology-enabled financial services expand internationally. Banks involved in BaaS arrangements are expected to review and strengthen their FCPA compliance frameworks in response.

Verified from source: On June 9, 2025, the DOJ released updated FCPA enforcement guidelines signaling a more focused approach to anti-corruption investigations, with implications for fintech, AI, and banking firms operating across borders, including maintaining robust anti-bribery controls for international transactions.