Oversight

Two U.S. senators are set to introduce bipartisan legislation that would prohibit Commodity Futures Trading Commission-regulated prediction-market platforms from offering contracts tied to sporting events.

Margaret Ryan, the former head of enforcement at the U.S. Securities and Exchange Commission (SEC), resigned last week after clashing with agency leaders over the direction of the watchdog’s oversight, including cases tied to President Donald Trump, his family, and his administration.

A U.S. judge has struck down a Treasury Department rule that required disclosure of the beneficial owners of companies making all-cash real estate purchases, dealing a setback to a Biden-era effort to curb money laundering through the property market.

Career officials at the U.S. Treasury Department are pushing back against a Trump administration effort that could require banks to verify customers’ citizenship information, as lenders warn the idea would be costly, difficult to implement, and potentially harmful to the economy.

U.S. regulators on Thursday proposed easing bank capital rules, a move that would allow the country’s largest lenders to hold billions of dollars less in capital and mark a major win for the sector.

The World Bank has barred PricewaterhouseCoopers network affiliates in Mauritius, Kenya, and Rwanda from providing professional services on bank-financed projects for 21 months after finding they engaged in collusive and fraudulent practices tied to an East African power project.

Elon Musk’s lawyers sought to negotiate a settlement of the SEC’s case over his delayed disclosure of a Twitter stake without fully involving the agency’s litigation team, an unusual approach that surfaced in federal court earlier this month.

Companies House has removed cryptocurrency exchange Zedxion Exchange Ltd. from the UK’s register of businesses after an investigative report by OCCRP found the firm used a fictitious director and misleading incorporation filings to conceal links to sanctioned Iranian tycoon Babak Zanjani.

The EU’s Anti-Money Laundering Authority (AMLA) has launched a data-collection exercise to test and calibrate risk-assessment models that will be used in 2027 to choose up to 40 financial institutions for direct AMLA supervision starting in 2028. 

The U.S. Securities and Exchange Commission (SEC) said on Monday that Judge Margaret Ryan has stepped down as director of its Division of Enforcement after little more than six months on the job.