Oversight Agency

The Trump administration designated three Middle Eastern branches of the Muslim Brotherhood as terrorist organizations, claiming the groups contribute to regional instability and violence. 

Panama’s Supreme Court is nearing a decision in a lawsuit that could void a Hong Kong company’s license to operate two container ports at either end of the Panama Canal, The Wall Street Journal reported. 

European Union foreign policy chief Kaja Kallas is preparing to push for new sanctions on Iran following a security crackdown that has “reportedly claimed hundreds of lives” since protests began nearly two weeks ago, Euronews reported Monday. 

The U.S. Treasury Department on Thursday launched a set of initiatives to investigate what it called “rampant government benefits fraud” in Minnesota, including the imposition of new reporting requirements for financial institutions. 

Spanish National Police, working with Germany’s Bavarian State Criminal Police Office and supported by Europol, arrested 34 people in Spain during an operation against the international criminal organization known as “Black Axe,” Europol announced. 

World Liberty Financial, the Trump family’s flagship crypto venture, said an affiliated entity has applied for a national banking license, The Wall Street Journal reported.

A former TD Bank employee pleaded guilty to conspiring to launder monetary instruments after prosecutors said he used his position to help a money-laundering network move hundreds of millions of dollars through the institution. 

Amid all of the spectacle that has come with the U.S. capture of Venezuelan President Nicolás Maduro, federal prosecutors have quietly amended a key claim they leveled against the South American leader last year. They no longer assert that the drug-trafficking organization he allegedly led—“Cartel de los Soles”—really exists. 

UK law firms are preparing for more stringent oversight of their anti-money laundering (AML) programs after the Financial Conduct Authority (FCA) was designated as the compliance supervisor for the legal sector, The Guardian reported.

European banks could cut more than 200,000 jobs over the next five years as lenders accelerate adoption of artificial intelligence and continue closing branches, according to estimates cited by the Financial Times.