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- FAA ends single-pilot operations for some Citation flights after compliance lapses
FAA ends single-pilot operations for some Citation flights after compliance lapses
📊Top Stories
FAA Ends Single-Pilot Exemptions for Certain Citation Jets
The US Federal Aviation Administration has ended single-pilot operation for several older Cessna Citation models that were originally certified for two pilots. The change takes effect September 29, following an FAA review that found repeated compliance problems among exemption holders and training providers. The agency also found that affected Part 25 Citation aircraft operated by a single pilot had about twice the accident rate of comparable aircraft certified for single-pilot use. The affected models include the Citation 500, 550 and 560 series, along with the Bravo, Encore and Encore+ variants. Existing single-pilot exemptions will be rescinded separately. The FAA also raised concerns that pilots could continue flying alone without knowing that a training provider's exemption had expired or been revoked.
US Tax Compliance Costs Top $544 Billion
Compliance with the US federal tax code will cost taxpayers more than $544 billion in 2026, according to a new Tax Foundation analysis based on IRS and federal estimates. Americans are expected to spend almost 6.9 billion hours on tax filing and reporting requirements, equal to about $387 billion in lost productivity. Another $157 billion is expected to be spent on tax software, professional services, recordkeeping, and other direct costs. Businesses carry much of the burden, with corporate income tax returns alone accounting for more than $130 billion in estimated compliance costs. The analysis also points to cryptocurrency reporting as one source of the rising burden. Tax compliance costs have increased from an estimated $536.1 billion last year.
DS Smith Builds Supply Chain Data Foundation for EU Compliance
DS Smith has worked with Accenture and osapiens to improve traceability across its EMEA supply chain ahead of the European Union Deforestation Regulation. The program covers more than 250 plants and facilities across more than 30 countries and provides traceable records for materials covered by the regulation. More than 1,000 suppliers have been brought into a centralized process, while nearly 25,000 land plots are being monitored automatically. The companies have also integrated previously separate supplier onboarding, reporting, and compliance processes through the osapiens HUB. Almost 10,000 compliance cases have been managed through automated case management. The initiative is intended to help DS Smith prepare for EUDR requirements coming into force at the end of 2026 and provide a broader data base for future product and supply chain rules.
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🧠Expert Take
“So for those of you who don’t know, the NSCP took the charge in creating a proposal for a Compliance Advisory Committee to be permanently instilled within the SEC. And the intent of that is so that compliance professionals can give real-time live feedback to the SEC in regard to proposals, rules, implementation, things that they’re thinking about, educational opportunities, directly from the compliance professionals that are affected by those items every day..” - Melissa Loner
🛠️ Compliance Toolkit
What Risk Managers Must Know About Bitcoin
Bitcoin can create several areas of concern for risk and compliance teams, from market volatility and regulatory uncertainty to fraud, security threats, and irreversible transactions. This guide outlines measures organizations can use to manage these risks, including KYC and AML controls, security audits, employee training, clear internal policies, and regular monitoring of regulatory changes. It also discusses safeguards such as cold storage and multi-signature wallets for organizations holding Bitcoin. The guide stresses the need to keep policies current as regulatory requirements vary between jurisdictions. For risk managers, it provides a practical starting point for assessing how Bitcoin holdings or transactions could affect financial, operational, security, and compliance risks.
🎟️ Upcoming Event
Women in AML & Sanctions Forum
📍District of Columbia Bar. Washington, DC | Oct 6 - 7, 2026
This event brings together women working across AML, economic sanctions, legal, and compliance functions for discussions on regulatory developments and professional growth. Topics include differences between EU, UK, and US sanctions regimes, financial crime threats, regulatory and enforcement risks, AI in compliance programs, and leadership in matrixed organizations. The program also includes smaller breakout discussions and networking opportunities. Attendance is open to all professionals, regardless of legal background or membership in the DC Bar..
🗳️ Your Compliance Take
Here’s our poll for this week.
What should compliance teams review first when taking on a new third-party relationship? |
