Congress

Two U.S. senators reintroduced a bipartisan bill that would subject informal-value transfers and blank checks to anti-financial crime laws and strengthen the hand of prosecutors pursuing money-laundering charges. 

The United States has warned it could impose sanctions on Algeria over reports the North African country is moving ahead with a purchase of Russia’s Sukhoi Su-57E stealth fighter jets.

A top Democratic lawmaker has opened a congressional probe into the $500-million investment deal between representatives of Abu Dhabi’s “spy sheik” and the Trump family’s crypto firm World Liberty Financial, The Wall Street Journal reported.

Crypto companies are pitching new concessions to banks in an effort to keep a sweeping digital-asset market-structure bill moving in the Senate, with proposals that would give community banks a larger role in the stablecoin ecosystem.

A U.S. senator said late Monday that an ongoing investigation into Credit Suisse’s historical ties to Nazi Germany has identified “hundreds” of accounts with potential links to Nazi-era officials and industrialists, including fresh evidence of the bank’s relationship with the SS, Bloomberg reported.

Major U.S. crypto companies and lobbyists are turning against a sweeping digital-asset bill they had championed, threatening efforts to lock in a regulatory framework while Republicans still control Congress.

Sen. Ron Wyden, the top Democrat on the Senate Finance Committee, is pressing Bank of New York Mellon Corp. for details about $378 million in wire transfers the bank processed involving accounts linked to Jeffrey Epstein, according to a Bloomberg report.

Tough U.S. sanctions imposed on Syria under former president Bashar al-Assad are on track to be lifted within weeks, after lawmakers folded their repeal into a sweeping annual defense policy bill.

Proposed legislation introduced in the U.S. Senate would increase dollar-thresholds triggering reporting requirements under the Bank Secrecy Act for the first time since 1970 and require periodic adjustments to account for inflation, Republican lawmakers said.  The “Streamlining Transaction Reporting and Ensuring Anti-Money Laundering Improvements for a New Era Act”, or STREAMLINE Act, would raise the […]

Republican lawmakers are intensifying calls for President Donald Trump to impose sweeping sanctions on Moscow following the recent incursion of Russian drones into Polish airspace.