Oversight Agency

The European Union’s new Anti-Money Laundering Authority said it is on track to become fully operational in 2028, setting out a multi-year plan that flags emerging illicit-finance threats ranging from crypto-assets to “novel payment channels.”

Convicted sex offender Jeffrey Epstein made an early investment into Coinbase Global Inc. in 2014, putting roughly $3 million into the crypto exchange, according to emails released by the U.S. Department of Justice and reviewed by Decrypt.

The Trump administration is preparing to issue a broad Treasury Department license as soon as this week that would allow companies to pump oil in Venezuela, a move aimed at easing U.S. sanctions and jump-starting investment in the country’s decaying energy infrastructure. 

U.S. investigators are examining whether specific cryptocurrency platforms have helped Iranian officials and state-linked actors evade sanctions as crypto activity in Iran surges, a blockchain researcher with direct knowledge of Treasury’s concerns told Reuters.

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.

The U.S. Justice Department’s latest release of documents on its investigation of Jeffrey Epstein includes the personally identifiable information of dozens of sex-trafficking victims, according to new analysis by The Wall Street Journal. 

A recent guilty plea by a former TD Bank teller who helped move millions in suspicious funds through the U.S. banking system is an illustration of how easily things can go wrong when frontline staff face few internal anti-money laundering (AML) controls, according to a new report by the American Banker. 

The Trump administration has granted confidential licenses to two of the world’s largest oil traders, Vitol and Trafigura, to broker sales of Venezuelan crude, despite both firms’ recent brushes with bribery prosecutions tied to oil deals elsewhere, The Washington Post reported.

When the digital avatar “Diella” was launched by the Albanian government last year, its purpose was clear: to serve as an incorruptible public servant in a country known for widespread corruption, according to new reporting by The New York Times. 

The UK’s Office of Financial Sanctions Implementation (OFSI) has levied a £160,000 monetary penalty on Lloyds Banking Group for violations of Russia sanctions made by its subsidiary Bank of Scotland Plc.