Risk Types

The Trump administration on Tuesday authorized U.S. companies to supply Venezuela with equipment, technology, and other support for oil and gas production, issuing a new general license that expands what American firms can do in the country’s energy sector.

The mayor of Ecuador’s largest port city was arrested Tuesday on charges of money laundering and tax evasion, as prosecutors widened a case that also swept up his brother and other members of his inner circle, the Associated Press said. 

El Salvador’s top prosecutor has effectively halted a money-laundering investigation into a Venezuela-financed oil venture whose funds flowed into bank accounts linked to President Nayib Bukele.

Two Wall Street firms continued to manage a trust held on behalf of Suleiman Kerimov even after the Russian oligarch was blacklisted under U.S. sanctions in 2018, Bloomberg reported Tuesday.

The fight against corruption is seen as weakening across the globe in 2025, with “bold, accountable leadership” in decline, according to Transparency’s International’s newly released Corruption Perceptions Index (CPI). 

Colombia’s Attorney General’s Office said Monday it will file corruption charges against Ecopetrol President Ricardo Roa, alleging misconduct tied to his role as finance manager for President Gustavo Petro’s 2022 campaign and to contracting decisions at the state-run oil company, the Associated Press said. 

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.

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.

Last month, the dollar-pegged stablecoin created by the Trump family’s crypto firm, World Liberty Financial, reached an important milestone: the total circulation of USD1 exceeded $5 billion for the first time, ranking it among the world’s top cryptocurrencies, according to recent reporting by The New York Times. 

Brazil’s Finance Ministry has urged the country’s central bank to tighten regulation around pooled and escrow accounts that authorities say are being used by bad actors to circumvent asset freezes, according to Reuters.