Oversight Agency

Erebor Bank, a startup backed by billionaire Peter Thiel, has pitched senior Venezuelan officials on restoring the sanctioned country’s access to the U.S. financial system.

A federal judge has blocked the Trump administration’s sanctions against a United Nations official who has called for war crimes charges against Israeli officials over their actions in Gaza, ruling that the penalties violated her free-speech rights.

Polish lawmakers on Friday approved a bill regulating cryptocurrencies as a scandal over the collapse of the country’s biggest crypto exchange widened and questions deepened over whether President Karol Nawrocki, who has twice vetoed similar measures, will sign it into law.

Federal authorities Friday announced the arrest of a senior commander of the Iran-backed Iraqi militia Kata’ib Hezbollah, accusing him of directing nearly 20 terrorist attacks across Europe and Canada and plotting to strike Jewish institutions in New York, Los Angeles, and Scottsdale, Arizona.

The head of Canada’s anti-money-laundering (AML) watchdog is stepping down as Ottawa overhauls its approach to fighting financial crime and braces for the results of an international audit of its controls.

The chief executive of Britain’s Financial Conduct Authority (FCA) said the regulator will no longer be able to defend against every illicit-finance threat equally and must openly prioritize what it focuses on as technology-linked scams continue to rise. 

Federal prosecutors in Manhattan are urging Wall Street companies to confess to fraud in exchange for behind-the-scenes deals that would spare them from criminal charges, fines, and public disclosure of their wrongdoing.

U.S. officials believe Chinese companies have been negotiating arms sales to Iran and plotting to route the weapons through third countries to disguise their origin.

Multiple major German banks have abruptly frozen the accounts of Russian and Belarusian nationals living in Germany, demanding fresh proof of residency and leaving long-term customers without access to their money.

PayPal has agreed to forgo approximately $30 million in transaction fees to resolve a U.S. Justice Department investigation into whether the financial services company unlawfully favored minority-owned businesses through a funding initiative launched in 2020.