U.S. Blacklists Network Allegedly Linked to Iran’s Arms Procurement
The U.S. Treasury on Tuesday imposed sanctions on 14 individuals, entities, and aircraft in Iran, Turkey, and the United Arab Emirates that it said were involved in arming Iran with missiles and drones.
Congo to Restrict USD Transactions in Bid to Leave FATF Gray List
The Democratic Republic of Congo will begin restricting cash transactions in U.S. dollars from next April in an effort to curb money laundering, strengthen oversight of the financial system, and rebuild confidence in the Congolese franc.
U.S. Extends Lapsed Sanctions Waiver on Russian Oil Sales
The Trump administration has extended for about a month a sanctions exemption covering some Russian oil already at sea, reversing course just two days after Treasury Secretary Scott Bessent said the United States would not renew the waiver.
OFAC Targets Militias in Iraq, Mercenary Recruiters in Sudan
The U.S. Treasury on Friday imposed sanctions on seven Iraqi militia commanders in what it called “Economic Fury,” targeting figures it said were responsible for planning, directing and carrying out attacks on U.S. personnel.
AMLA Seeks Feedback on Risk Assessments and Cross-Border Compliance
The European Union’s new anti-money-laundering (AML) supervisor on Thursday launched two consultations on draft rules intended to tighten how companies assess their financial-crime risks and apply compliance controls across corporate groups.
Handelsbanken Dinged for ‘Serious’ AML Deficiencies
Norway’s financial watchdog has found “serious deficiencies” in anti-money-laundering compliance at Svenska Handelsbanken AB’s Norwegian branch.
FCA Launches Consultation on Crypto Oversight under FSMA
Britain’s Financial Conduct Authority has launched a consultation on guidance for the UK’s future crypto regime, as the regulator moves toward opening authorizations for crypto firms later this year.
U.S. Treasury to End Cyber Threat-Sharing Feed for Banks
The U.S. Treasury Department is shutting down a program that shared cybersecurity threat intelligence with banks and other financial firms after cutting its funding.
Bessent Says E.O. on Banks Collecting Citizenship Proof Is ‘in Process’
Treasury Secretary Scott Bessent said an executive order that would require banks to collect proof of citizenship from customers is “in process,” Bloomberg reported, describing a potentially sweeping new compliance mandate for U.S. financial institutions.
Defendant’s Chatbot Conversation Can Be Used in Fraud Case, Court Rules
U.S. lawyers are increasingly warning clients not to treat artificial-intelligence chatbots as confidential sounding boards after a federal judge in New York ruled that a former financial-services executive could not withhold chatbot-generated materials from prosecutors in a securities-fraud case.