FCA to Expedite Approval of Defense Funds as Europe Aims to Rearm
The UK’s Financial Conduct Authority (FCA) will fast-track approvals for defense-focused investment funds in an effort to make it easier for investors to access stocks and bonds tied to Europe’s accelerating rearmament.
Trump Imposed Terrorist-Grade Sanctions on U.N. Rapporteur and ICC Staff
The Trump administration placed a U.N. human-rights expert and multiple International Criminal Court officials on a U.S. sanctions blacklist typically reserved for terrorists and major criminals, according to a Reuters investigation.
Citi Sees End to Consent-Order Work in 2026
Citigroup executives are increasingly optimistic they can complete the compliance work tied to the bank’s major regulatory consent orders later this year, according to Reuters.
A Landmark Turks-and-Caicos Trial Ends in Conviction of Ex-Premier
A massive corruption trial that spanned a decade ended last week in Turks and Caicos with the convictions of the jurisdiction’s former premier, his brother, and a one-time governmental minister, the Miami Herald said.
UBS Managed Maxwell’s Wealth Long After JPMorgan Cut Ties with Epstein
UBS AG opened accounts for Ghislaine Maxwell in early 2014 and went on to manage as much as $19 million for her in the years before she was convicted for helping Jeffrey Epstein sexually traffic teenage girls, Reuters reported.
DOJ Turns Sights on Mexican Brokers and Crypto Networks Used to Launder Drug Money
The U.S. Justice Department is increasingly targeting corrupt Mexican money brokers in an attempt to disrupt the financial networks used to launder cartel drug proceeds via cryptocurrency and other means, the Associated Press reported.
U.S. Threatens Algeria with CAATSA Sanctions over Russian Jet Fighter Deal
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.
UK Sanctions Leaders of Sudanese Army and Paramilitary Group over Atrocities
The UK on Thursday imposed new sanctions on six individuals it says are fueling Sudan’s war, including through the recruitment of foreign fighters and financing of military operations.
Top Democrat to Probe Trump’s $500m Crypto Deal with UAE ‘Spy Sheik’
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 Offer Concessions to Advance Stalled Senate Bill
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.