White House May Task Banks with Reporting Client Citizenship Data
The White House may soon call on U.S. banks to collect and report citizenship data on their customers as part of the Trump administration’s crackdown on undocumented immigrants, according to new reporting by The Wall Street Journal.
Binance Fired Staff Who Uncovered Banned Iranian Transactions, NYT Confirms
Binance internal investigators found last year that about $1.7 billion in cryptocurrency flowed from two accounts on the exchange to Iranian entities with links to terrorist groups, raising potential violations of global sanctions.
Austria Bars KuCoin from Taking on New Business Amid Compliance Staff Shortages
Austria’s financial regulator has ordered KuCoin’s European arm to stop taking on new business after the crypto exchange lost key compliance staff in the months following the firm getting a green light to operate under the EU’s Markets in Crypto-Assets (MiCA) regime.
Swedbank Faces Fresh Investigation Over AML Controls
Sweden’s Financial Supervisory Authority (FSA) has launched an investigation into whether Swedbank is complying with the country’s anti-money-laundering (AML) rules on customer due diligence.
U.S. Oversight of MSBs is Weakest in Years as Crypto Usage Surges
Cryptocurrency usage is surging in the United States. You wouldn’t know that from the number of federal examiners tasked with supervising the industry for anti-money-laundering (AML) compliance though.
Niger Wants to Sell 1,000 Tons of Uranium. ISIS Wants to Seize It
A shipment of about 1,000 tons of uranium moved out of northern Niger in recent months and is now stranded at a military airbase in the capital, Niamey, where it faces heightened security risks after an attack by Islamic State militants.
Russia’s Wagner Group is Finding New Recruits to Conduct Attacks in Europe
Recruiters and propagandists who previously worked for Russia’s Wagner Group have become a key channel for Kremlin-directed sabotage operations in Europe, the Financial Times reported.
Kuwait and Papua New Guinea Make FATF’s ‘Grey List’
The Financial Action Task Force (FATF) added Kuwait and Papua New Guinea to its “grey list” of countries under closer monitoring, saying both have pledged to fix weaknesses in their safeguards against illicit money flows.
Bipartisan Bill Would Make Russian Mercenaries Foreign Terrorists
A bipartisan coalition of U.S. House lawmakers has introduced legislation that would order the State Department to add Russian mercenary groups to its list of Foreign Terrorist Organizations (FTOs).
U.S. Targets Hezbollah Ties to Gold Exchange and Financiers
The U.S. Treasury Department imposed sanctions on a Lebanon-based gold exchange company and a network of individuals behind a procurement and commodities shipping scheme purportedly tied to Hezbollah.