The US Treasury’s Office of Foreign Assets Control (OFAC) has issued a warning concerning increased risks to the financial system in Latin America. Deputy Director Lisa Palluconi presented these priorities during the Risk Congress hosted by Asobancaria. The agency is focused on bolstering defenses against illicit finance and related threats in the region. Details of the specific risks were not provided in the report, but the alert suggests a heightened concern regarding financial vulnerabilities. Palluconi’s address outlined OFAC’s agenda for 2026 in Latin America, signaling a more proactive stance. This comes as the region faces evolving challenges related to money laundering and other financial crimes, demanding increased vigilance and cooperation. The alert underscores the importance of strong compliance programs within financial institutions operating in Latin America.