U.S., Gulf Banks Brace for Cyberattacks as Iran Conflict Continues
U.S. banks have stepped up monitoring for potential cyberattacks as the U.S. war in Iran grinds on, while Gulf lenders face fresh questions over their preparedness for cyber activity tied to Iran-aligned hacktivists.
Will Dubai’s Business-Haven Brand Be a Casualty of War?
Dubai has cultivated an image as the safest haven for global capital in the Middle East, but Iranian strikes on the emirate are putting that image to a test.
U.S. Slaps Sanctions on Rwanda Months After Ballyhooing Peace Accords
The U.S. Treasury Department on Monday imposed sanctions on Rwanda’s military and four senior officials, accusing them of backing the March 23 Movement (M23) armed group in eastern Democratic Republic of the Congo (DRC).
Luxembourg Police Raid EFG Bank Over Compliance Concerns
Luxembourg authorities raided the premises of EFG Bank last week as part of a preliminary investigation into the institution’s compliance with anti-money laundering (AML) and counterterrorism financing (CTF) laws.
Family of U.N. Official Sue U.S. in Fight Against Controversial SDN Sanctions
The family of Francesca Albanese, the U.N. special rapporteur for Palestine, sued President Trump and senior U.S. officials on Wednesday, challenging sanctions imposed on her over her advocacy for the prosecution of Israeli leaders and international companies connected to the war in Gaza.
OFAC Blacklists Five Nicaraguan Officials for Alleged Abuses of Power
The U.S. on Thursday blacklisted five senior Nicaraguan officials for their alleged role in helping Nicaragua to consolidate authoritarian power through financial controls, labor policy, surveillance, and military intelligence operations.
FinCEN Levies Sec. 311 Against Switzerland’s MBaer Bank
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on Thursday proposed a Section 311 “special measure” that, if finalized, would cut MBaer Merchant Bank AG off from the American financial system.
TFI’s Hurley to Exit After Objecting to Minneapolis Crackdown
A senior Treasury Department official is preparing to resign after privately raising objections to a White House-backed initiative aimed at alleged fraud tied to the Somali immigrant community in Minnesota.
OCC Proposes First Stablecoin Rules Under the GENIUS Act
The OCC proposed a regulatory framework to implement the GENIUS Act, outlining requirements for stablecoin issuers and for certain stablecoin-related custody activities.
Waste Crime Is Rising as Management Market Reaches $1.2tn in Value
Waste crime and trafficking is expanding globally, fueled by profit incentives in a fast-growing waste-management industry and compounded by major blind spots in official data, according to a newly released report by the UN Office on Drugs and Crime (UNODC).