Covered Institutions

South American governments are deploying soldiers, drones, sniffer dogs, artificial intelligence, and expanded port surveillance to try to stem a record flow of cocaine, but the crackdown is having little impact as traffickers change up routes and tactics.

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.

The U.S. Treasury on Friday imposed sanctions on seven Iraqi militia commanders in what it called “Economic Fury,” targeting figures it said were responsible for planning, directing and carrying out attacks on U.S. personnel.

Indian companies shipped more than 320 million tapentadol pills to West Africa over the past three years, even though the synthetic opioid has not been approved by regulators in most countries in the region, according to a Bellingcat investigation.

The International Monetary Fund has urged banks to share more threat and transaction data with one another, arguing in a recent working paper that the sector’s response to fast-rising digital fraud is weakened by information silos within institutions and across borders.

Spanish Prime Minister Pedro Sánchez is facing renewed political pressure after a judge ordered his wife, Begoña Gómez, to stand trial, deepening a corruption controversy that already involves several of his relatives and close associates.

Anthropic withheld its new artificial intelligence model, Mythos, from a broad public release after internal testing showed it could autonomously find and exploit serious software flaws, alarming company researchers and prompting banks and government agencies to move quickly to assess the threat.

The European Union’s new anti-money-laundering (AML) supervisor on Thursday launched two consultations on draft rules intended to tighten how companies assess their financial-crime risks and apply compliance controls across corporate groups. 

Norway’s financial watchdog has found “serious deficiencies” in anti-money-laundering compliance at Svenska Handelsbanken AB’s Norwegian branch.

The U.S. Treasury Department on Thursday imposed sanctions on Nicaraguan government officials, firms operating in Nicaragua’s gold sector, and individuals tied to the forcible seizure of a U.S.-owned mining asset.