Covered Institutions

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

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

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.

Image showing a strong presence of Russia's Wagner Group, a state-funded private military company, in Eastern Europe, particularly in Belarus.

A bipartisan coalition of U.S. House lawmakers has introduced legislation that would order the State Department to add Russian mercenary groups to its list of Foreign Terrorist Organizations (FTOs).

An identikit police sketch in which the faces of individuals have been replaced by crypto coins.

Drug cartels and other criminal groups are increasingly using cryptocurrencies and a growing “gig” workforce of freelance brokers and couriers to launder cash and evade law enforcement, Bloomberg Businessweek reported.

Photo of a woman walking out of the Berlaymont building at the European Commission in Brussels

The European Commission has proposed a blanket ban on cryptocurrency transactions linked to Russia and new trade restrictions on Kyrgyzstan in an effort to close loopholes used by Moscow to fund its war in Ukraine.