United States: Money Laundering

Treasury's Operation Economic Outcast is expanding beyond traditional sanctions to target foreign banks, digital-asset platforms, and shadow-banking networks that facilitate Iran's access to the global financial system. Through a combination of OFAC designations, FinCEN prohibitions, and actions against intermediary infrastructure, the administration is demonstrating its willingness to employ multiple punitive measures to achieve economic isolation. Financial institutions must now assess Iran-risk not just

Power and corruption intertwine in the world's most salacious scandals. Hosts Tatiana Sainati and Diana Shaw explore how corruption infiltrates institutions, examining red flags that could have prevented catastrophic failures and the consequences for perpetrators and victims alike.

Federal banking regulators have issued three significant updates affecting financial institutions: a new definition of "unsafe or unsound practices" under the Federal Deposit Insurance Act, expanded reciprocal deposit exceptions with tiered calculations based on total liabilities, and clarifications on Suspicious Activity Report confidentiality requirements that permit customer communications about suspicious transactions without revealing SAR existence.