Oversight Agency

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. 

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. 

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. 

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.

The Financial Crimes Enforcement Network (FinCEN) has launched a dedicated portal to accept whistleblower tips on money laundering, fraud, and sanctions violations, the U.S. Treasury Department announced on Friday. 

A Florida company that offers elite sports training will pay $1.72 million to settle potential civil liability for allowing the children of suspected Mexican drug traffickers to take part in its programs. 

Tens of thousands of foreign-brand cars are reaching Russia via China through gray-market channels that often circumvent sanctions and automakers’ pledges to exit the Russian market.

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.

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.

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.