- Planet Compliance
- Posts
- TEFCA Crosses One Billion Health Records and Adds New Oversight Measures
TEFCA Crosses One Billion Health Records and Adds New Oversight Measures
đź“ŠTop Stories
FinCEN’s Message to AML Teams - Show Results, Not Activity
A proposed shift from FinCEN could change how anti-money laundering programs are judged in the United States. Rather than rewarding institutions for maintaining policies and completing required processes, the proposal pushes toward measurable effectiveness. AI appears directly in the conversation, but not as a requirement. Instead, regulators are signaling that innovation is acceptable if institutions can demonstrate better outcomes, stronger controls, and clear governance. Compliance teams may need to rethink metrics, testing practices, and evidence collection long before final rules arrive.
CUSMA Renewal Puts Compliance and Trade Planning Back in Focus
Canada’s upcoming review of the Canada–United States–Mexico Agreement (CUSMA) is becoming more than a trade discussion. Businesses operating across North America are preparing for possible changes that could affect supply chains, reporting obligations, investment decisions, and market access. The review process is expected to reopen conversations around competitiveness and regulatory alignment. For compliance and legal teams, this creates a planning window rather than a wait-and-see moment.
TEFCA Crosses One Billion Health Records and Adds New Oversight Measures
The U.S. healthcare data exchange framework TEFCA has now enabled more than one billion health record exchanges. Alongside that milestone, HHS announced additional investment in network oversight to verify participating organizations follow required policies and governance standards. Federal agencies also signaled a stronger stance on enforcement where misuse, information blocking, or fraud concerns emerge. The announcement reinforces a broader trend where interoperability growth is being matched with tighter compliance expectations.
🧠Expert Take
“One of the aspects of the AML requirements that impacts training are the requirements to monitor for, identify, and report suspicious activities. So you want to make sure that as you develop your programs, that you’re looking at, what are the particular risks for money laundering, CFT, other illicit activities that my firm is at risk for, how are we going to monitor for those items? So what sort of monitoring systems are we going to put in place? And making sure that the alerting systems that you have are geared towards those particular red flags that you need to identify based on the risks associated with your firm.” – Ed Wegener
🛠️ Compliance Toolkit
SaaS Platforms for Enterprise Risk Management and Compliance
Many organizations still struggle with disconnected risk registers, fragmented controls, and reporting delays. This week’s toolkit explores SaaS platforms built to centralize enterprise risk management and compliance activities. The guide reviews platforms that support risk visibility, policy administration, audit preparation, and cross-functional accountability. It is a practical starting point for teams evaluating how to reduce manual coordination and gain a clearer view of operational risk.
🎟️ Upcoming Event
2026 Financial Crimes and Cybersecurity Conference
đź“Ť New York City, NY | Aug 10-11, 2026
Financial crime, cyber resilience, AI governance, fraud trends, and regulatory expectations continue to overlap. This upcoming conference brings together compliance, legal, risk, and security professionals to discuss emerging supervisory priorities and operational challenges.
🗳️ Your Compliance Take
Here’s our poll for this week.
If regulators required one additional metric in every compliance report, which would create the biggest internal change? |
