Four developments this week point in the same direction. The expectations that supervisors have communicated for years through guidance, examination findings, and enforcement actions are being written into statute and treaty law. In Washington, the CLARITY Act cleared the Senate Banking Committee on a 15 to 9 vote, with a floor vote expected after the […]
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The recent collapse of a little-known British mortgage lender continues to evolve into a far more significant development than financial regulators and operators could have ever expected. Following what appeared to be the exclusive insolvency of UK-based bridging-loan company Market Financial Solutions (MFS) in February 2026, new details surrounding the collapse and the lender’s ties […]
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HSBC’s exposure to the collapse of UK lender Market Financial Solutions has revealed major fraud and money laundering vulnerabilities within the rapidly expanding private credit industry.
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In the world of high-stakes finance, October 10, 2024, will be remembered as the day the music stopped for TD Bank. It wasn’t just the $3.09 billion in coordinated penalties from the DOJ, FinCEN, and the OCC1. It wasn’t even the fact that they became the largest bank in U.S. history to plead guilty to […]
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Last week, the U.S. Department of Justice (DOJ) announced the results of a major international takedown effort coordinated by financial regulators and law enforcement agencies both domestically and abroad, culminating in the arrests of over 276 bad actors carrying out a long-standing transnational criminal ploy at the expense of countless unsuspecting American citizens. According to […]
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On April 24, 2026, the European Union formally adopted its 20th package of restrictive measures against Russia (Swedish Ministry for Foreign Affairs, 2026). This legislation marks a critical evolution in the bloc’s economic statecraft. While the early days of the conflict saw massive, blunt-force sanctions aimed at severing direct bilateral trade, the landscape has fundamentally […]
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In April 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) significantly escalated its sanctions campaign against Iran by moving to not only designate maritime vessels and facilitators tied to their illicit oil trade, but by also directly targeting the commercial infrastructure sustaining that trade as part of a greater movement coined […]
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The current state of U.S. – Iran relations continue to be defined by a simultaneous series of escalations and follow-up negotiations. The primary issues at hand revolve around a dynamic sanctions campaign targeting Iran’s economic lifelines, continued maritime tension in and around the Strait of Hormuz impacting global trade, and ongoing though fragile, diplomatic efforts […]
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The United States government has stayed busy in its efforts to streamline domestic anti-money laundering and terrorism financing initiatives over recent months, with a newly announced proposal from a prominent regulatory body adding further to this trend. The latest announcement made by the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) comes in regard to […]
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For years, U.S. policymakers and regulators have worked to close what has long been considered the most pervasive loophole in America’s otherwise staunch anti-money laundering framework: residential real estate purchases. Many believed that true change was on the horizon when the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced its groundbreaking final Residential Real […]
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