President Donald Trump’s administration has clamped down on the provision of remittances to Cuba, as well as payments involving the country made through U.S. correspondent banks.
U.S. House Financial Services Committee chairperson Maxine Waters has said a meeting with the Swiss officials who will oversee the consortium governing Facebook’s Libra cryptocurrency has failed to...
The U.S. government’s sanctions watchdog is believed to be investigating cases where cryptocurrencies have been used to skirt sanctions controls, with enforcement action tipped to be on the way.
A key architect of Facebook’s digital currency project, Libra, has attempted to reassure lawmakers that Libra will not be launched until regulators are happy user data is protected, the risk of...
The U.S. threatened to cut off foreign financial institutions from U.S. correspondent banking networks on Monday night as President Donald Trump issued sweeping new sanctions against Iran’s leaders.
The Financial Action Task Force (FATF) has published its finalised guidance on virtual currencies, putting the same standards on crypto exchanges and wallets as currently exist for more traditional...
The UN is working towards issuing further guidance on its sanctions operations to help firms navigate the increasingly complex array of requirements, amid rising concerns the current regime is...
The launch of a financial innovation partnership between lawmakers in the UK and US was touted by leaders on both sides as the first step towards more harmonised regulatory regimes for fintechs —...
The UK government is standing by plans to establish a new payment system circumventing US restrictions on trade with Iran, despite fresh threats of sanctions from across the Atlantic.
Banks and other financial institutions are failing to grapple with the complex task of ensuring business with the commodities shipping sector does not lure them into the rocky shores of non...
The U.S. Treasury has brought sanctions against seven individuals and one entity accused of exploiting Iraq’s national payment system, alongside money service businesses and hawala networks, for...
A Lebanese money dealer who allegedly moved around tens of millions of dollars a week in laundered drug money was slapped with sanctions by the U.S. Treasury on Thursday.
Money transfer giants MoneyGram and Western Union, along with two of Russia’s largest banks, have been accused of facilitating thousands of dollars in donations to the Ukrainian separatists...
The U.S. Treasury has taken action against a bevy of individuals and financial institutions accused of facilitating sanctions evasion on behalf of Iranian entities, moving more than a billion...
A fresh diplomatic row erupted between Washington and Brussels on Wednesday after the European Commission included four US territories in its beefed-up blacklist of third countries with poor anti...
A bill snaking its way across Capitol Hill has raised the specter of new red tape for cryptocurrency platforms as lawmakers single out the sector’s role in terrorist financing and sanctions evasion.

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