Covered Institutions

OFAC Clears Way for New Oil-and-Gas Projects in Venezuela

The U.S. Office of Foreign Assets Control (OFAC) on Friday issued a general license clearing the way for certain large oil companies to invest in new operations in Venezuela.

Kuwait and Papua New Guinea Make FATF’s ‘Grey List’

The Financial Action Task Force (FATF) added Kuwait and Papua New Guinea to its “grey list” of countries under closer monitoring, saying both have pledged to fix weaknesses in their safeguards against illicit money flows.

A view of the Telegram app being used on a smartphone

Crypto’s Rising Role in Forced Labor, Sex Trafficking, and CSAM

Cryptocurrency flows to suspected human trafficking services surged 85% in 2025, reaching hundreds of millions of dollars across identified services.

President Donald Trump participates in a press conference with departing DOGE adviser Elon Musk, Friday, May 30, 2025, in the Oval Office. (Official White House Photo by Molly Riley)

Is Elon Musk’s X Violating U.S. Sanctions on Iran? The Blue Checkmarks Say ‘Yes’

Elon Musk’s social-media company, X, appears to have violated U.S. sanctions by selling “Premium” subscriptions to accounts linked to Iranian government officials and state entities, according to a Tech Transparency Project (TTP) report.

A photo of the top of a Deutsche Bank office in Australia, seen at dusk.

Deutsche Bank’s Relationship with Epstein Ended Only After His Final Arrest

Deutsche Bank continued providing services to Jeffrey Epstein for months after telling the disgraced financier it would end its relationship with him in late 2018 and only moved to terminate all of his accounts following his final arrest in July 2019.

Photo of the European Commission's headquarters in Brussels.

European Commission Raided by Police Over Real-Estate Irregularities

Belgian police raided European Commission offices in Brussels on Thursday as part of an investigation into potential irregularities in the sale of EU real estate assets.

A photo of the Federal Reserve's Michelle Bowman seated at a table during a meeting

Fed to Drop Some Supervisory Warnings in Oversight Revamp

The Federal Reserve has told banks it plans to review and potentially drop some outstanding confidential supervisory warnings, as Vice Chair Michelle Bowman pushes to refocus oversight on near-term threats to lenders’ financial condition.

DOJ building entrance, Washington, DC — G. Edward Johnson, “DOJ entrance Washington DC 2025-02-07 13-27-05.jpg” (7 Feb 2025), Wikimedia Commons, licensed under CC BY 4.0. Edited from the original (changes made).

Paxful to Pay $4 Million for Helping Sex Traffickers and Money Launderers

Paxful Holdings Inc., a peer-to-peer virtual currency trading platform, was sentenced on Tuesday to pay a $4-million criminal penalty after pleading guilty to conspiracies tied to illegal prostitution, anti-money-laundering failures and transmitting criminal proceeds.

An email from the Epstein files between Jeffrey Epstein and Thorbjoern Jagland, former prime minister and foreign minister and ex-chair of the Nobel Peace Prize committee.

Council of Europe Ends Immunity for Former Leader Ahead of Epstein Probe

The Council of Europe has agreed to remove the diplomatic immunity granted to Thorbjoern Jagland, clearing the way for Norwegian police to investigate the former secretary general’s newly uncovered relationship with Jeffrey Epstein.

A view of a Commonwealth Bank office in Australia

Australian Banks and Businesses Tackle Financial Abuse Together

A newly formed group of businesses and organizations in Australia are set to team up to fight financial abuse as part of a new program that encourages collaboration to address major social and economic ills.