FDIC Moves to Limit Bank Examiner Warnings to ‘Material’ Risks
The Federal Deposit Insurance Corp. (FDIC) proposed tightening how bank examiners issue warnings and penalties, aiming to keep supervision focused on safety and soundness, according to report by Bloomberg.
U.S. Supreme Court Clears Way for Halkbank Prosecution
The U.S. Supreme Court has declined to hear an appeal from Halkbank, leaving the lender to face criminal charges over allegations that it helped Iran evade sanctions and launder billions of dollars through the American financial system.
Monzo Mulls Fresh U.S. Banking License Bid Amid Deregulatory Shift
UK digital bank Monzo is weighing a fresh attempt to secure a US banking license, four years after abandoning its previous bid when talks with regulators stalled, according to the Financial Times.
In Sweeping Reorganization, DOJ to Disband Cartel Task Force, Merge Money-Laundering Section
The U.S. Justice Department will shut down its flagship anti-cartel task force as part of the most far-reaching DOJ shakeup in two decades, according to internal documents reviewed by Reuters.
FinCEN Pushes Real-Estate Reporting Enforcement to 2026
The U.S. Treasury Department has postponed enforcement of its new residential real-estate reporting rule until March 1, 2026, issuing a temporary exemptive order to give the industry more time to prepare.
U.S. Drug Prosecutions Fall to Decades Low as Money-Laundering Cases Plummet: Report
U.S. federal prosecutions for drug crimes have fallen to their lowest level in decades this year after the Trump administration redirected agents to immigration enforcement, according to a Reuters analysis.
Sanctions Gap Allows Russia-Sourced Nickel to Flow West: Global Witness
A gap between European and U.K. sanctions is allowing nickel from Russia to flow into the United States months after Washington banned Russian-origin metal, according to a new investigation.
Ex–Nodus Chair Pleads Guilty to $13.6 Million Fraud
The former chairman of the board at Puerto Rico–based Nodus International Bank, pleaded guilty to conspiracy to commit wire fraud for his role in a $13.6-million scheme that contributed to the institution’s 2023 collapse.
UK’s HRMC Steps Up AML Enforcement in Art Sector
The UK art market is coming under sharper scrutiny from HM Revenue & Customs (HMRC), which has intensified enforcement of anti–money laundering rules.
FINTRAC Levies Record $14-Million AML Fine Against KuCoin
Canada’s anti–money laundering watchdog has levied a C$19.5 million penalty against crypto exchange KuCoin for violations of the country’s AML rules.