Covered Institutions

A group of six Senate Democrats is demanding that the Federal Reserve turn over information about the ongoing overhaul of its bank supervision division following reports of internal tension linked to staff cuts and the alleged sidelining of examiners.

Changpeng Zhao, the founder of crypto exchange Binance who was pardoned by President Trump in October, returned to the U.S. this week and attended a Trump-backed crypto conference alongside the president’s sons and senior administration officials.

U.S. and Iranian officials are describing progress in their ongoing nuclear negotiations even as both sides accelerate visible preparations for a conflict that officials and analysts now frame as a genuine near-term risk.

The fallout of the release of the Epstein Files continued this week, with emergence of new details of the deceased sex trafficker’s finances, the launch of additional investigations into suspicious money flows and related sexual-abuse allegations, and the arrest of a former British royal.

Ricardo Salinas Pliego, the Mexican billionaire behind Grupo Elektra, thought he’d done enough due diligence when he decided to invest $400 million in Bitcoin as the value of the cryptocurrency surged in the spring of 2021. 

Asian trading networks continue to route European-made dual-use technology into Russia’s war economy, exploiting gaps in the continent’s sanctions designations and enforcement, according to new research published by the Committee for Freedom in Hong Kong (CFHK) Foundation.

The Basel Committee on Banking Supervision is warning that a fast-growing market for banks to offload credit risk to private investment funds needs close monitoring because it is creating new vulnerabilities for the global financial system.

Ukraine has imposed sanctions on Alexander Lukashenko, with President Volodymyr Zelenskyy accusing the Belarusian leader of playing an increasingly larger role in Russia’s war efforts, UNITED24 Media reported. 

Stablecoins have become both core crypto “plumbing” and a key rail for the most consequential forms of crypto-enabled crime, with illicit activity increasingly concentrated in a handful of large, sanctions-linked networks.

South Florida Republican officials are pressing for tougher scrutiny of businesses that send goods or provide services linked to Cuba, the Miami Herald reported.