Lenders

The Federal Reserve has told banks it plans to review and potentially drop some outstanding confidential supervisory warnings, as Vice Chair Michelle Bowman pushes to refocus oversight on near-term threats to lenders’ financial condition.

A newly formed group of businesses and organizations in Australia are set to team up to fight financial abuse as part of a new program that encourages collaboration to address major social and economic ills.

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).

HSBC and Barclays are facing a $12-billion civil lawsuit involving a now-defunct Jersey trust that has been linked in proposed U.S. legislation to the Jeffrey Epstein scandal, The Times reported.

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. 

The Trump administration on Tuesday authorized U.S. companies to supply Venezuela with equipment, technology, and other support for oil and gas production, issuing a new general license that expands what American firms can do in the country’s energy sector.

El Salvador’s top prosecutor has effectively halted a money-laundering investigation into a Venezuela-financed oil venture whose funds flowed into bank accounts linked to President Nayib Bukele.

Criminal syndicates operating scam centers in Southeast Asia are adopting inexpensive artificial-intelligence tools to widen their reach and keep operations running even as governments intensify crackdowns, senior Interpol officials told Bloomberg.

The Trump administration placed a U.N. human-rights expert and multiple International Criminal Court officials on a U.S. sanctions blacklist typically reserved for terrorists and major criminals, according to a Reuters investigation.

Citigroup executives are increasingly optimistic they can complete the compliance work tied to the bank’s major regulatory consent orders later this year, according to Reuters.