{ "jurisdiction_id": "US-NJ", "jurisdiction": "United States – New Jersey", "url": "https://payments.gi/jurisdictions/united-states-new-jersey/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-11", "schema_version": "world-payments-v1", "counts": { "modules": 14, "sourced_findings": 62, "source_register": 121 }, "modules": [ { "code": "W1a", "name": "Licensing, Authorisation & Market Access", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w1a-licensing-authorisation-market-access", "standing_position": "New Jersey licenses money transmission under the New Jersey Money Transmitters Act (Title 17); the Act's definition captures virtual-currency/crypto activity without a bespoke VC licence, with net-worth/bonding requirements scaled to annual volume.", "findings": [ { "finding": null, "instrument_type": "New Jersey Money Transmitters Act, N.J.S.A. 17:15C-1 et seq.", "source": "https://www.nj.gov/dobi/banklicensing/formontrans.html", "source_url": "https://www.nj.gov/dobi/banklicensing/formontrans.html", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "N.J.A.C. 3:27-1.2 (implementing regulation)", "source": "https://www.law.cornell.edu/regulations/new-jersey/N-J-A-C-3-27-1-2", "source_url": "https://pub.njleg.gov/Bills/2024/A2500/2249_I1.HTM", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "N.J. Rev. Stat. § 17:15C-8", "source": "https://www.jwsuretybonds.com/states/new-jersey/money-transmitter-bond", "source_url": "https://pub.njleg.gov/Bills/2024/A2500/2249_I1.HTM", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "NMLS-based application process", "source": "https://www.bryantsuretybonds.com/blog/your-guide-to-getting-a-new-jersey-money-transmitter-license", "source_url": "https://pub.njleg.gov/Bills/2024/A2500/2249_I1.HTM", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "Digital Asset and Blockchain Technology Act (pending, A2249/S1756) - CAUTION: not yet enacted", "source": "https://www.lowenstein.com/news-insights/publications/client-alerts/new-jersey-wants-its-own-bitlicense-regulation-crypto", "source_url": "https://pub.njleg.gov/Bills/2024/A2500/2249_I1.HTM", "source_tier": "3", "retrieved_at": "2026-07-05" } ] }, { "code": "W1b", "name": "Conduct, Safeguarding & Financial Promotions", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w1b-conduct-safeguarding-financial-promotions", "standing_position": "Safeguarding is achieved through a mandatory surety bond/letter-of-credit and net-worth requirements rather than segregation; conduct is policed via the CFA, with the AG signalling aggressive enforcement on fee/disclosure practices.", "findings": [ { "finding": null, "instrument_type": "N.J. Rev. Stat. § 17:15C-8 (security device)", "source": "https://www.bondexchange.com/new-jersey-money-transmitter-bond-a-comprehensive-guide/", "source_url": "https://www.consumerfinancemonitor.com/2026/06/22/new-jersey-attorney-general-issues-sweeping-enforcement-statement-targeting-junk-fees/", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "N.J.S.A. 17:15C-14 (change of control)", "source": "https://pub.njleg.gov/bills/9899/PL98/14_.PDF", "source_url": "https://www.consumerfinancemonitor.com/2026/06/22/new-jersey-attorney-general-issues-sweeping-enforcement-statement-targeting-junk-fees/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "DOBI annual reporting requirement", "source": "https://www.nj.gov/dobi/bankdedfund/ded_moneytran.htm", "source_url": "https://www.consumerfinancemonitor.com/2026/06/22/new-jersey-attorney-general-issues-sweeping-enforcement-statement-targeting-junk-fees/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "New Jersey Consumer Fraud Act, N.J.S.A. 56:8-1 et seq.", "source": "https://www.njconsumeraffairs.gov/statutes/consumer-fraud-act.pdf", "source_url": "https://www.consumerfinancemonitor.com/2026/06/22/new-jersey-attorney-general-issues-sweeping-enforcement-statement-targeting-junk-fees/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "AG/DCA Enforcement Statement on junk fees, tied to Executive Order 19", "source": "https://www.consumerfinancemonitor.com/2026/06/22/new-jersey-attorney-general-issues-sweeping-enforcement-statement-targeting-junk-fees/", "source_url": "https://www.consumerfinancemonitor.com/2026/06/22/new-jersey-attorney-general-issues-sweeping-enforcement-statement-targeting-junk-fees/", "source_tier": "2", "retrieved_at": "2026-07-05" } ] }, { "code": "W2", "name": "Stablecoins & Digital Money", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w2-stablecoins-digital-money", "standing_position": "New Jersey has no enacted state-level stablecoin/virtual-currency licensing statute; the federal GENIUS Act is the operative framework, while a state Digital Asset and Blockchain Technology Act remains pending.", "findings": [ { "finding": null, "instrument_type": "GENIUS Act, P.L. 119-27 (federal)", "source": "https://www.congress.gov/crs-product/R48963", "source_url": "https://www.congress.gov/crs-product/R48963", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "Digital Asset and Blockchain Technology Act (pending, A2249) - CAUTION: not enacted", "source": "https://pub.njleg.gov/Bills/2024/A2500/2249_I1.HTM", "source_url": "https://www.batesgroup.com/news/the-new-jersey-digital-asset-and-blockchain-technology-act-a-better-licensing-alternative-than-new-york", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "Digital Asset and Blockchain Technology Act (pending) - CAUTION: not enacted", "source": "https://www.batesgroup.com/news/the-new-jersey-digital-asset-and-blockchain-technology-act-a-better-licensing-alternative-than-new-york", "source_url": "https://www.batesgroup.com/news/the-new-jersey-digital-asset-and-blockchain-technology-act-a-better-licensing-alternative-than-new-york", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "Bureau of Securities enforcement precedent", "source": "https://www.lowenstein.com/news-insights/publications/client-alerts/new-jersey-wants-its-own-bitlicense-regulation-crypto", "source_url": "https://www.batesgroup.com/news/the-new-jersey-digital-asset-and-blockchain-technology-act-a-better-licensing-alternative-than-new-york", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "Virtual Currency and Blockchain Regulation Act (S4163/S666, earlier vintage) - CAUTION: not enacted", "source": "https://www.troutman.com/insights/new-jersey-introduces-a-virtual-currency-and-blockchain-bill.html", "source_url": "https://www.batesgroup.com/news/the-new-jersey-digital-asset-and-blockchain-technology-act-a-better-licensing-alternative-than-new-york", "source_tier": "3", "retrieved_at": "2026-07-05" } ] }, { "code": "W3", "name": "Operational Resilience & Critical Infrastructure", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w3-operational-resilience-critical-infrastructure", "standing_position": "New Jersey imposes cybersecurity/incident-reporting obligations on DOBI-regulated entities via Regulation 22-05 and a general data-breach duty under the Identity Theft Prevention Act, with S3100 still pending.", "findings": [ { "finding": null, "instrument_type": "NJ DOBI Regulation 22-05", "source": "https://emdtec.com/nj-regulation-22-05/", "source_url": "https://emdtec.com/nj-regulation-22-05/", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "New Jersey Identity Theft Prevention Act", "source": "https://www.cyber.nj.gov/report", "source_url": "https://pub.njleg.gov/Bills/2024/S3500/3100_I1.HTM", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "S3100 (pending) - CAUTION: not enacted", "source": "https://pub.njleg.gov/Bills/2024/S3500/3100_I1.HTM", "source_url": "https://pub.njleg.gov/Bills/2024/S3500/3100_I1.HTM", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "NJ Cybersecurity Task Force (SJR105)", "source": "https://cybergl.com/new-jersey/blog/the-main-cybersecurity-laws-regulations-in-new-jersey/", "source_url": "https://pub.njleg.gov/Bills/2024/S3500/3100_I1.HTM", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "New Jersey Data Privacy Act (NJDPA) implementing rules", "source": "https://powersolution.com/new-jersey-material-weaknesses-cybersecurity-audit-2026/", "source_url": "https://pub.njleg.gov/Bills/2024/S3500/3100_I1.HTM", "source_tier": "3", "retrieved_at": "2026-07-05" } ] }, { "code": "W4", "name": "Scheme & Network Compliance", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w4-scheme-network-compliance", "standing_position": "New Jersey's principal scheme-adjacent regulation is its credit-card surcharge cap regime, enforced via the CFA, subject to active legislative pressure toward outright prohibition.", "findings": [ { "finding": null, "instrument_type": "N.J.S.A. 56:8-156.1, -156.2 (P.L.2023, c.146)", "source": "https://law.justia.com/codes/new-jersey/title-56/section-56-8-156-2/", "source_url": "https://law.justia.com/codes/new-jersey/title-56/section-56-8-156-2/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "DCA FAQ implementing P.L.2023, c.146", "source": "https://www.njconsumeraffairs.gov/News/Consumer%20Briefs/credit-card-surcharges-faq.pdf", "source_url": "https://legiscan.com/NJ/text/S3697/id/3023431", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "A2416 (pending) - CAUTION: not enacted", "source": "https://legiscan.com/NJ/text/A2416/id/2890626", "source_url": "https://legiscan.com/NJ/text/S3697/id/3023431", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "S3697/A4923 (pending) - CAUTION: not enacted", "source": "https://legiscan.com/NJ/text/S3697/id/3023431", "source_url": "https://legiscan.com/NJ/text/S3697/id/3023431", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W5", "name": "Payment Corridor Dynamics", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w5-payment-corridor-dynamics", "standing_position": "New Jersey's corridor profile is shaped by its large immigrant population, driving outbound remittance flows via licensed money transmitters and foreign money transmitters.", "findings": [ { "finding": null, "instrument_type": "NJ Office of New Americans reporting", "source": "https://www.nj.gov/humanservices/njnewamericans/reports/", "source_url": "https://www.nj.gov/labor/labormarketinformation/assets/PDFs/content/njsdc/Wu%20NJ%20Geographic%20Mobility.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "NJ Department of Labor geographic mobility data", "source": "https://www.nj.gov/labor/labormarketinformation/assets/PDFs/content/njsdc/Wu%20NJ%20Geographic%20Mobility.pdf", "source_url": "https://www.nj.gov/labor/labormarketinformation/assets/PDFs/content/njsdc/Wu%20NJ%20Geographic%20Mobility.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "Foreign Money Transmitter license (N.J.S.A. 17:15C)", "source": "https://www.nj.gov/dobi/banklicensing/formontrans.html", "source_url": "https://www.nj.gov/labor/labormarketinformation/assets/PDFs/content/njsdc/Wu%20NJ%20Geographic%20Mobility.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "MSB/MTO market structure", "source": "https://en.wikipedia.org/wiki/Remittances_from_the_United_States", "source_url": "https://www.nj.gov/labor/labormarketinformation/assets/PDFs/content/njsdc/Wu%20NJ%20Geographic%20Mobility.pdf", "source_tier": "3", "retrieved_at": "2026-07-05" } ] }, { "code": "W6", "name": "Industry Structure & Commercial Dynamics", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w6-industry-structure-commercial-dynamics", "standing_position": "New Jersey hosts TD Bank's US HQ alongside an established financial-services corridor and a state-backed fintech innovation cluster centered on NJ FAST and NJEDA programs.", "findings": [ { "finding": null, "instrument_type": "Market structure - bank presence", "source": "https://njbiz.com/feds-td-bank-reach-3b-resolution-in-money-laundering-case/", "source_url": "https://www.nj.gov/governor/news/news/562024/approved/20240507a.shtml", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "NJ FAST Strategic Innovation Center", "source": "https://www.nj.gov/governor/news/news/562024/approved/20240507a.shtml", "source_url": "https://www.nj.gov/governor/news/news/562024/approved/20240507a.shtml", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "NJ Innovation Evergreen Fund (N.J.S.A. 34:1B-288 et seq.)", "source": "https://www.njeda.gov/evergreen/", "source_url": "https://www.nj.gov/governor/news/news/562024/approved/20240507a.shtml", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "Private-company market signal", "source": "https://www.roi-nj.com/2025/07/29/opinion/op-ed/how-new-crypto-legislation-is-reshaping-innovation-and-what-it-means-for-new-jersey-op-ed/", "source_url": "https://www.nj.gov/governor/news/news/562024/approved/20240507a.shtml", "source_tier": "3", "retrieved_at": "2026-07-05" } ] }, { "code": "W7", "name": "Legal & Litigation", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w7-legal-litigation", "standing_position": "The dominant litigation event is TD Bank's guilty plea and record penalty in federal court in Newark for BSA/money-laundering conspiracy violations, alongside an expanding state CFA enforcement posture.", "findings": [ { "finding": null, "instrument_type": "DOJ plea agreement, District of New Jersey", "source": "https://www.justice.gov/usao-nj/pr/td-bank-pleads-guilty-bank-secrecy-act-and-money-laundering-conspiracy-violations-18b", "source_url": "https://www.justice.gov/usao-nj/pr/td-bank-pleads-guilty-bank-secrecy-act-and-money-laundering-conspiracy-violations-18b", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "DOJ/FinCEN/OCC coordinated resolution", "source": "https://dailyvoice.com/nj/cherry-hill/cherry-hill-based-td-bank-fined-3b-for-allowing-criminals-to-launder-money-feds/", "source_url": "https://www.justice.gov/usao-nj/pr/td-bank-pleads-guilty-bank-secrecy-act-and-money-laundering-conspiracy-violations-18b", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "Shareholder litigation - Tiessen v. TD Bank", "source": "https://www.bradley.com/insights/publications/2024/11/3-billion-td-bank-aml-settlement-is-a-wake-up-call-for-all-banks", "source_url": "https://www.justice.gov/usao-nj/pr/td-bank-pleads-guilty-bank-secrecy-act-and-money-laundering-conspiracy-violations-18b", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "NJ Appellate Division FDCPA ruling", "source": "https://www.consumerfinancialserviceslawmonitor.com/2025/10/new-jersey-appellate-division-upholds-dismissal-in-fdcpa-third-party-letter-vendor-case/", "source_url": "https://www.justice.gov/usao-nj/pr/td-bank-pleads-guilty-bank-secrecy-act-and-money-laundering-conspiracy-violations-18b", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "AG Enforcement Statement, exposure under CFA", "source": "https://www.consumerfinancemonitor.com/2026/06/22/new-jersey-attorney-general-issues-sweeping-enforcement-statement-targeting-junk-fees/", "source_url": "https://www.justice.gov/usao-nj/pr/td-bank-pleads-guilty-bank-secrecy-act-and-money-laundering-conspiracy-violations-18b", "source_tier": "2", "retrieved_at": "2026-07-05" } ] }, { "code": "W8", "name": "Merchant Acquiring & Risk", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w8-merchant-acquiring-risk", "standing_position": "Merchant acquiring risk is chiefly shaped by the state's cost-based credit-card surcharge cap regime, with active legislative momentum toward tightening or eliminating pass-through entirely.", "findings": [ { "finding": null, "instrument_type": "N.J.S.A. 56:8-156.2", "source": "https://law.justia.com/codes/new-jersey/title-56/section-56-8-156-2/", "source_url": "https://law.justia.com/codes/new-jersey/title-56/section-56-8-156-2/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "DCA compliance guidance", "source": "https://www.njconsumeraffairs.gov/News/Consumer%20Briefs/credit-card-surcharges-faq.pdf", "source_url": "https://law.justia.com/codes/new-jersey/title-56/section-56-8-156-2/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "S3697/A4923 (pending) - CAUTION: not enacted", "source": "https://legiscan.com/NJ/text/S3697/id/3023431", "source_url": "https://law.justia.com/codes/new-jersey/title-56/section-56-8-156-2/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "Merchant compliance practice guidance", "source": "https://www.njcar.org/wp-content/uploads/2024/06/CreditCardSurchargeSlides.pdf", "source_url": "https://law.justia.com/codes/new-jersey/title-56/section-56-8-156-2/", "source_tier": "3", "retrieved_at": "2026-07-05" } ] }, { "code": "W9", "name": "Product Innovation & Market Development", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w9-product-innovation-market-development", "standing_position": "New Jersey is building a state-sponsored fintech/AI innovation ecosystem via NJEDA's Strategic Innovation Center network, anchored by NJ FAST, NJ AI Hub, Evergreen Fund, and NJ BASE.", "findings": [ { "finding": null, "instrument_type": "NJ FAST fintech/insurtech accelerator", "source": "https://www.nj.gov/governor/news/news/562024/approved/20240507a.shtml", "source_url": "https://www.nj.gov/governor/news/news/562024/approved/20240507a.shtml", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "NJ AI Hub investment fund", "source": "https://www.nj.gov/governor/news/news/562025/approved/20251215a.shtml", "source_url": "https://www.nj.gov/governor/news/news/562024/approved/20240507a.shtml", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "NJ Innovation Evergreen Fund", "source": "https://www.njeda.gov/evergreen-corporate-tax-credit-auction/", "source_url": "https://www.nj.gov/governor/news/news/562024/approved/20240507a.shtml", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "NJ BASE international landing pad", "source": "https://www.njeda.gov/nj-base/", "source_url": "https://www.nj.gov/governor/news/news/562024/approved/20240507a.shtml", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "SIC economic impact assessment", "source": "https://www.njeda.gov/startups-developed-at-njs-12-strategic-innovation-centers-projected-to-generate-over-17-billion-in-economic-output-and-support-28000-jobs-in-a-decade/", "source_url": "https://www.nj.gov/governor/news/news/562024/approved/20240507a.shtml", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W10", "name": "Consumer Protection & APP Fraud", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w10-consumer-protection-app-fraud", "standing_position": "New Jersey's consumer-protection backbone is the CFA, reinforced by NJDPA, a gift-card anti-fraud mandate, and an aggressive new AG posture on junk fees; no APP-fraud-specific reimbursement regime exists.", "findings": [ { "finding": null, "instrument_type": "New Jersey Consumer Fraud Act, N.J.S.A. 56:8-1 et seq.", "source": "https://www.njconsumeraffairs.gov/statutes/consumer-fraud-act.pdf", "source_url": "https://www.njconsumeraffairs.gov/statutes/consumer-fraud-act.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "Division of Consumer Affairs positioning", "source": "https://www.njoag.gov/programs/consumer-protection/", "source_url": "https://www.njconsumeraffairs.gov/statutes/consumer-fraud-act.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "Gift card anti-fraud notice mandate, P.L.2025, c.39 (N.J.S.A. 56:8-110.3)", "source": "https://www.njconsumeraffairs.gov/", "source_url": "https://www.njconsumeraffairs.gov/statutes/consumer-fraud-act.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "New Jersey Data Privacy Act (NJDPA), N.J.S.A. 56:8-166.4 et seq.", "source": "https://www.dglaw.com/the-garden-state-has-a-new-privacy-law-you-got-a-problem-with-that/", "source_url": "https://www.njconsumeraffairs.gov/statutes/consumer-fraud-act.pdf", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "AG Enforcement Statement on unconscionability", "source": "https://www.consumerfinancemonitor.com/2026/06/22/new-jersey-attorney-general-issues-sweeping-enforcement-statement-targeting-junk-fees/", "source_url": "https://www.njconsumeraffairs.gov/statutes/consumer-fraud-act.pdf", "source_tier": "2", "retrieved_at": "2026-07-05" } ] }, { "code": "W11", "name": "AML/CFT & Financial Crime", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w11-aml-cft-financial-crime", "standing_position": "The Sentinel.gi payments-context AML/CFT position centers on the record federal BSA enforcement action against TD Bank, alongside the state money-transmitter FinCEN/BSA overlay and intensifying multistate examination posture.", "findings": [ { "finding": null, "instrument_type": "sentinel.td-bank-bsa-plea", "source": "https://www.justice.gov/usao-nj/pr/td-bank-pleads-guilty-bank-secrecy-act-and-money-laundering-conspiracy-violations-18b", "source_url": "https://www.americascreditunions.org/blogs/compliance/td-bank-pay-record-3-billion-bsaaml-violations", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "sentinel.fincen-penalty", "source": "https://www.americascreditunions.org/blogs/compliance/td-bank-pay-record-3-billion-bsaaml-violations", "source_url": "https://www.americascreditunions.org/blogs/compliance/td-bank-pay-record-3-billion-bsaaml-violations", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "sentinel.nj-mt-fincen-overlay", "source": "https://www.pkatzlegal.com/federal-criminal-defense/financial-crimes/money-transmitting-defense/", "source_url": "https://www.americascreditunions.org/blogs/compliance/td-bank-pay-record-3-billion-bsaaml-violations", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "sentinel.multistate-mtl-exam-trend", "source": "https://www.consumerfinanceandfintechblog.com/2025/07/nydfs-and-other-state-regulators-impose-4-2-million-penalty-on-money-transmitter/", "source_url": "https://www.americascreditunions.org/blogs/compliance/td-bank-pay-record-3-billion-bsaaml-violations", "source_tier": "2", "retrieved_at": "2026-07-05" } ] }, { "code": "W12", "name": "Correspondent Banking, Settlement & Access", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w12-correspondent-banking-settlement-access", "standing_position": "New Jersey has no distinct state-level correspondent-banking/settlement-access overlay; the most material development is enhanced de-risking scrutiny on TD Bank including an asset-growth cap.", "findings": [ { "finding": null, "instrument_type": "OCC consent order - asset cap", "source": "https://www.bradley.com/insights/publications/2024/11/3-billion-td-bank-aml-settlement-is-a-wake-up-call-for-all-banks", "source_url": "https://www.bradley.com/insights/publications/2024/11/3-billion-td-bank-aml-settlement-is-a-wake-up-call-for-all-banks", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "New product/market approval controls", "source": "https://njbiz.com/feds-td-bank-reach-3b-resolution-in-money-laundering-case/", "source_url": "https://www.bradley.com/insights/publications/2024/11/3-billion-td-bank-aml-settlement-is-a-wake-up-call-for-all-banks", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "State security-device settlement-risk mitigant", "source": "https://www.bondexchange.com/new-jersey-money-transmitter-bond-a-comprehensive-guide/", "source_url": "https://www.bradley.com/insights/publications/2024/11/3-billion-td-bank-aml-settlement-is-a-wake-up-call-for-all-banks", "source_tier": "2", "retrieved_at": "2026-07-05" } ] }, { "code": "W13", "name": "Commercial Intelligence & Fintech", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-new-jersey/#w13-commercial-intelligence-fintech", "standing_position": "Trailing-12-month commercial activity is dominated by state-backed venture/innovation-fund events: an $85M Evergreen tax-credit auction and a $20M AI Hub fund with CoreWeave.", "findings": [ { "finding": null, "instrument_type": "commercial_event: NJIEF tax credit auction", "source": "https://www.nj.gov/governor/news/news/562025/approved/20251219b.shtml", "source_url": "https://www.nj.gov/governor/news/news/562025/approved/20251215a.shtml", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "commercial_event: NJ AI Hub investment fund", "source": "https://www.nj.gov/governor/news/news/562025/approved/20251215a.shtml", "source_url": "https://www.nj.gov/governor/news/news/562025/approved/20251219b.shtml", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "commercial_event: SIC economic impact report", "source": "https://www.njeda.gov/startups-developed-at-njs-12-strategic-innovation-centers-projected-to-generate-over-17-billion-in-economic-output-and-support-28000-jobs-in-a-decade/", "source_url": "https://www.nj.gov/governor/news/news/562025/approved/20251219b.shtml", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "commercial_event: NJ Bell Labs Venture Studio launch", "source": "https://www.njeda.gov/evergreen-corporate-tax-credit-auction/", "source_url": "https://www.nj.gov/governor/news/news/562025/approved/20251219b.shtml", "source_tier": "1", "retrieved_at": "2026-07-05" } ] } ] }