U.S. Regulators to Consider Citizenship Status of Bank Customers a Risk Factor
President Donald Trump signed an executive order Tuesday directing federal financial regulators to treat undocumented immigrants as potential credit and compliance risks.
Lenders
SCB to Replace ‘Lower-Value Human Capital’ in Risk and Compliance with AI
Standard Chartered plans to eliminate almost 8,000 jobs by 2030 as the Asia-focused bank shifts to an artificial intelligence-centered strategy, with its chief executive saying the cuts amount to replacing workers with technology rather than simple cost reduction.
Deutsche Bank Fined in UK for Apple-Linked Violations of Russia Sanctions
OFSI has fined Deutsche Bank AG’s London branch £165,000 for processing two payments totaling £635,618.75 to a Russian-owned online media streaming company in breach of UK sanctions on Moscow.
In the Age of Mythos, Cyberattacks Could Hit State and Local Targets Hardest
Small towns, school districts, and utilities across the United States lack the staffing and basic cyberdefenses needed to fend off a new generation of AI-enabled hacking threats even as larger institutions scramble to shore up their systems.
Iran Launches BTC-Backed Insurer for Ships Crossing Contested Strait
Iran has launched a bitcoin-backed insurance service for shipping companies seeking to transit the Strait of Hormuz.
Arrest of Venezuelan ‘Bag Man’ Alex Saab Seen as Key to Maduro Prosecution
Alex Saab, the businessman widely seen as the financial fixer for ousted Venezuelan President Nicolás Maduro, was charged with money laundering in federal court in Miami on Monday.
Iran’s Nobitex and Trump’s World Financial Share Some Controversial Friends
Iran’s largest cryptocurrency exchange has moved billions of dollars across two blockchains whose founders are among the most prominent backers of a digital currency venture co-founded by U.S. President Donald Trump and his family.
NCA’s New Call to Action: Help Stop Livestreamed Child Sex Abuse
Britain’s National Crime Agency on Monday launched its first joint initiative with the financial industry aimed at detecting and disrupting payments by U.K. offenders who pay facilitators overseas to livestream the sexual abuse of children.
Thiel-Backed Erebor Seeks to Give Venezuela a Channel to U.S. Banking
Erebor Bank, a startup backed by billionaire Peter Thiel, has pitched senior Venezuelan officials on restoring the sanctioned country’s access to the U.S. financial system.
Federal Judge Blocks U.S. Sanctions against U.N. Special Rapporteur
A federal judge has blocked the Trump administration’s sanctions against a United Nations official who has called for war crimes charges against Israeli officials over their actions in Gaza, ruling that the penalties violated her free-speech rights.