Ecuador Probes Suspected Money Laundering at Banco Guayaquil
Ecuador’s financial regulators have launched a joint probe into possible money laundering at Banco Guayaquil, the country’s third-largest bank by net profit.
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Trump Clears Way for Secondary Sanctions on Banks Dealing with Cuba
President Donald Trump on Friday signed an executive order authorizing penalties against foreign banks and other companies anywhere in the world that do business with the Cuban government.
Web of Shell Firms Tie Trump Operative to Russian Money in Albanian Politics
A network of shell companies tied to sanctioned Russian oligarch Oleg Deripaska helped finance an Albanian conservative party’s hiring of a former Donald Trump campaign operative ahead of Albania’s 2017 general election.
FINTRAC Warns of Rise in Extortion Schemes Targeting Indian Students
Canada’s financial intelligence agency has issued a bulletin warning banks and other institutions to be on alert for money laundering linked to an escalating extortion campaign targeting South Asian diaspora communities, particularly in British Columbia, Alberta, Manitoba, and Ontario.
Congo to Restrict USD Transactions in Bid to Leave FATF Gray List
The Democratic Republic of Congo will begin restricting cash transactions in U.S. dollars from next April in an effort to curb money laundering, strengthen oversight of the financial system, and rebuild confidence in the Congolese franc.
Suspicious Trades Have Become a Hallmark of Trump’s Second Term
Unusual bursts of trading across oil, equities, and prediction markets repeatedly appeared shortly before some of President Donald Trump’s most market-moving public statements.
Five Banking Giants Tied to Alleged Iran Sanctions-Evasion Scheme
Five of the world’s largest banks have been drawn into allegations that they unwittingly processed payments tied to a sanctions-evasion and money-laundering scheme benefiting Iran.
Deutsche Bank Self-Reports Possible Russia Sanctions Violations
Deutsche Bank has alerted financial regulators of potential breaches of EU sanctions rules involving Russian clients after discovering that its retail unit had accepted deposits of more than €100,000 from individuals subject to the bloc-wide prohibitions.
Treasury Proposes AML and Sanctions Rules for Stablecoin Issuers
The U.S. Treasury Department on Wednesday proposed new anti-money-laundering and sanctions-compliance rules for permitted payment stablecoin issuers, marking a major step in implementing the 2025 GENIUS Act and expanding federal oversight of the sector.
China Turned to Small Banks, ‘Teapot’ Refineries to Dodge Iran Sanctions
China has helped Iran blunt the impact of U.S. sanctions over the past five years by buying the bulk of its oil exports and supporting a complex financial and shipping network that has allowed Tehran to keep earning billions of dollars in revenue.