Cash Is No Longer King of U.S.-Mexico Remittances
Digital money transfers have overtaken cash for the first time in the U.S.-to-Mexico remittance corridor, marking a shift in the world’s largest flow of cross-border family payments and intensifying pressure on traditional cash-based providers.
U.S. Lifts Major Restrictions on Venezuela’s PDVSA
The United States on Wednesday issued a general license broadly authorizing U.S. companies to do business with Venezuela’s state-run oil company PDVSA, a move that could unlock new investment and eventually increase the country’s crude production capacity.
UK Joint Committee Warns on Britain’s ‘Brittle’ Checks on Political Illicit Finance
A UK parliamentary committee warned on Wednesday that weaknesses in Britain’s political finance regime leave it vulnerable to illicit foreign funds, and said enforcement remains too fragmented and underpowered to deter abuse.
UK’s Top-Paid Oil Exec Faces Global Asset Freeze Over Siphoned Iran Funds
North Sea oil executive Francesco Mazzagatti could soon be the subject of a worldwide asset freeze stemming from a London lawsuit alleging he siphoned funds from former business partners tied to an Iranian petrochemicals business.
Drug Trafficking and Money Laundering are Worsening in the UK: NCA
Serious and organized crime became more diverse and more harmful in 2025, with drugs, organized immigration crime, and illicit finance all worsening, according to a new report by the UK’s National Crime Agency (NCA).
Blacklisted by OFSI, Iran Banker Lives in Spanish Villa Bought with UK Firm
An Iranian banker sanctioned by Britain for allegedly helping finance the Islamic Revolutionary Guard Corps (IRGC) owns a luxury villa in Marbella through the Spanish subsidiary of a UK company.
JPMorgan Hit With Class-Action Suit Over Alleged Crypto-Ponzi Scheme
Three class-action lawsuits have been filed in the wake of federal charges against Christopher Delgado, the founder and former chief executive of Goliath Ventures, including one case accusing JPMorgan Chase of helping enable an alleged $328-million crypto- Ponzi scheme.
AMLA Launches Initiative to Calibrate Risk Assessments
The EU’s Anti-Money Laundering Authority (AMLA) has launched a data-collection exercise to test and calibrate risk-assessment models that will be used in 2027 to choose up to 40 financial institutions for direct AMLA supervision starting in 2028.
SEC Enforcer Leaves Agency After Little Over 6 Months on the Job
The U.S. Securities and Exchange Commission (SEC) said on Monday that Judge Margaret Ryan has stepped down as director of its Division of Enforcement after little more than six months on the job.
FL Brokerage to Pay $1.1mn for Failing to ID Human Error in Sanctions Controls
TradeStation Securities agreed to pay $1.11 million to settle potential civil liability for 481 apparent violations of U.S. sanctions rules after the Florida-based brokerage provided services to people in Iran, Syria, and Crimea.