Covered Institutions

A senior U.S. senator has opened an inquiry into Binance seeking records on alleged transactions that funneled nearly $2 billion to Iran-linked terrorist organizations and other entities and payments that helped circumvent sanctions on Russian oil, Bloomberg said. 

Western governments marked the anniversary of Russia’s full-scale invasion of Ukraine with new measures targeting the Kremlin’s revenue streams and enabling networks, despite stalled efforts by the EU to approve a broad sanctions package.

The head of Sudan’s Rapid Support Forces (RSF), Mohamed “Hemedti” Hamdan Dagalo, appears to own a portfolio of property in Dubai valued at approximately $1.7 million, according to new research by The Sentry. 

The White House may soon call on U.S. banks to collect and report citizenship data on their customers as part of the Trump administration’s crackdown on undocumented immigrants, according to new reporting by The Wall Street Journal. 

Cyber-enabled fraud is rapidly expanding in scale and sophistication as criminals exploit digital platforms, instant payments, and virtual assets to move illicit proceeds across borders, an intergovernmental watchdog said on Tuesday.  

Russian diamonds may be entering Australia through intermediaries and processing hubs despite sanctions on Moscow’s state-owned diamond giant Alrosa.

The Federal Reserve on Monday proposed a new rule that would prohibit its examiners penalizing institutions over the “reputation risk” they face from customers—a policy shift that aligns with ongoing litigation brought by President Donald Trump against JPMorgan Chase. 

The UK unveiled its biggest Russia sanctions package in years on Tuesday, targeting Moscow’s shadow fleet and the key networks and infrastructure that have helped keep crude exports flowing since the start of the Russo-Ukrainian war.

Blockchain forensics firm Elliptic has identified four cryptocurrency exchanges that allegedly facilitate Russia sanctions evasion, including by helping to convert rubles into crypto-assets and move value across borders without the direct aid of traditional banking channels. 

A 42-year-old American citizen suspected by French investigators of leading a vast international money laundering network known as “Dark Bank” has been extradited from the United States to France, Le Monde reported.