U.S. Regulators Warn Banks on Borrowers without Work Authorization
Three federal banking regulators on Monday told banks and credit unions to weigh whether borrowers who lack legal authorization to work in the United States can reliably repay their loans, warning that such lending “may present elevated credit risk.”
SPOTLIGHT
Chinese Prosecutors Call for More Proactive Approach to Investigating Crypto Money Laundering
World Cup Puts Mexico’s Cartel Crisis on the Global Stage
Monaco Investigates $11 Million Deal by Sanctioned Billionaire’s Grandson
U.K. Targets $68M in Properties Owned by China-Born Man with Multiple Citizenships
Bithumb CEO Booked as Suspect Over South Korea Bribery Case
ILLICIT FINANCE
SANCTIONS
OVERSIGHT
Mainland Chinese Rush to Open HK Accounts as Beijing Tightens Grip on Outflows
DOJ Subpoenas JPMorgan, Bank of America in ‘Debanking’ Probe
EU Proposes 21st Russia Sanctions Package, Targeting Banks and Crypto Networks
Moroccan Bank Pays €175mn to Settle Probe Over Unauthorized Banking
DOCUMENTS
U.S. Agencies Issue Guidance on Lending to Individuals Not Legally Authorized to Work in the United States
U.S. Treasury Targets Key Supreme Leader Financier and Iran’s Shadow Exchange Houses
FinCEN, Agencies Propose Rule to Implement GENIUS Act Customer Identification Program Requirement
INTERPOL’s 2025/2026 Asia and South Pacific Cyberthreat Assessment Report
Bessent Urges Banks to Identify and Report Suspected Illegal Immigrants
CRYPTO
FINMA Issues New AML Guidance after Finding Firms Are Mishandling Risks
FCA Warns Premier League Clubs Over Unauthorized Crypto and Trading Sponsors
OFAC Blacklists Iran’s Largest Crypto Exchange, DRC Rebel Commanders
CFTC Seeks to Vacate Gemini’s $5mn Enforcement Following Winklevoss Ask
BIS and Banks Will Soon Begin Testing Blockchain-Backed Payments Platform
TECH
Hungary Deploys AI to Track Alleged Orbán-Era Corruption and Fraud
Major Crypto Firms Worked with Bitcoin ATM Operators Tied to Scams
Conviction of Ex-Austrian Agent Turns Another Page in Wirecard ‘Spy Novel’
Bitcoin Depot Files for Bankruptcy, Shuts Down After Regulatory Crackdown
RISK MANAGEMENT
Isle of Man’s Online Gambling Boom Is Upended Amid Asian Scam Probe
The Isle of Man, which built online gambling into one of the largest pillars of its economy, is grappling with a sprawling scandal after one of its flagship licensees was linked to scam operations run from the island.
Emerging Threats
LEGAL MATTERS
BRIBERY & CORRUPTION
Kushner Seaside Resort Prompts Asset Freezes and Protests in Albania
Albanian anti-corruption prosecutors have launched a criminal investigation into a proposed $4 billion luxury resort backed by Jared Kushner, President Donald Trump’s son-in-law, and have frozen the bank accounts of a landholding company tied to the project amid widening scrutiny of property transactions at the protected coastal site.
SCAM CENTERS
Morgan Stanley, European Banks Drawn Into Probe of Alleged Bolloré Bribery
Morgan Stanley and several European banks risk being drawn into a French criminal investigation over the 2022 sale of Vincent Bolloré’s African transport and logistics business, as an anti-corruption association seeks to compel them to hand over internal documents related to the €5.7-billion transaction.
FRAUD
More in Certain Risk
U.S. Sanctions Cuban President, Castro Relatives in Growing Pressure Campaign
House Votes to Advance Sweeping Russia Sanctions over GOP Opposition
Cuba to Suspend Visa and Mastercard Payments Following U.S. Sanctions
Treasury Rejects GAO Findings on Shell-Company Risks Tied to CTA Rollback
UK May Force Crown Dependencies, Territories on Beneficial Ownership
