Oversight

Malta is mounting an unusually public fight against a European Union push to centralize crypto supervision, arguing the move would strip the island-nation of oversight over major digital-asset firms it helped attract and regulate.

Federal Reserve Governor Michael Barr warned on Tuesday that stablecoins pose risks related to money laundering, financial stability, and reserve quality, as U.S. banking agencies work on regulations to implement new federal rules for the sector.

Two Democratic U.S. senators pressed Securities and Exchange Commission Chairman Paul Atkins on Monday to explain the abrupt resignation of the agency’s enforcement director and whether it was tied to the SEC’s pullback from cryptocurrency cases linked to Donald Trump.

The U.S. Financial Crimes Enforcement Network (FinCEN) on Monday issued an advisory urging banks and other financial institutions to step up detection and reporting of healthcare fraud tied to Medicare, Medicaid and other public health benefit programs.

The Trump administration is weighing whether to designate Brazil’s two largest drug gangs as terrorist organizations, a step that could expand the U.S. sanctions toolkit to include financial restrictions on the groups and their associates.

U.S. Treasury Secretary Scott Bessent has discussed ways to tighten the Treasury’s oversight of the Federal Reserve by borrowing elements from the Bank of England model, in a move that could significantly reshape the central bank’s relationship with the government.

It was a tiny Swiss bank, headquartered in an open-plan office close to Lake Zurich and little known abroad. But MBaer Merchant Bank AG would sometimes charge clients 10 times the normal rate to process payments.

Britain’s government will cap political donations from British citizens living overseas at £100,000 a year and temporarily ban cryptocurrency donations under emergency election law changes aimed at countering foreign interference.

House Republicans have opened an investigation into alleged hospice fraud in California, citing a CBS News investigation that found widespread warning signs among hospice operators in Los Angeles County and raising concerns about potentially tens of millions of dollars in taxpayer losses.

Britain’s Financial Conduct Authority (FCA) defended its decision to award a short-term artificial intelligence contract to Palantir Technologies on Tuesday, telling lawmakers the U.S. firm would not have access to regulatory intelligence as concerns mounted over sensitive data and the growing reach of major technology providers in government.