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.
U.S. Eases Venezuela Bank Sanctions, Will Let Iran Oil Waiver Expire
The Trump administration eased sanctions on Venezuela’s state-run financial system on Tuesday in a move aimed at supporting the country’s battered economy, reviving oil-sector activity, and stabilizing the government of acting President Delcy Rodriguez.
Trump Administration Allows Russia Sanctions Waiver to Expire
The Trump administration has allowed a temporary sanctions waiver on Russian oil to expire, ending a short-lived reprieve that had permitted the sale of some blacklisted Russian crude and pulling back from a policy that was intended to help contain surging global oil prices.
Treasury Proposes AML and Sanctions Rules for Stablecoin Issuers
The U.S. Treasury Department on Wednesday proposed new anti-money-laundering and sanctions-compliance rules for permitted payment stablecoin issuers, marking a major step in implementing the 2025 GENIUS Act and expanding federal oversight of the sector.