On June 4, 2026, the U.S. Treasury’s Office of Foreign Assets Control did something it had never done before. It placed the sitting President of Cuba, Miguel Diaz-Canel Bermudez, on the Specially Designated Nationals (SDN) List. He was not added alone. OFAC designated his wife, Lis Cuesta Peraza, alongside Alejandro Castro Espin, Raul Alejandro Castro […]
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This week’s brief leads with the biggest US AML rewrite in roughly 40 years, layered against an escalating run of mid-tier enforcement on three continents, two FinCEN alerts that reset Iran and trafficking typologies, and a Russia sanctions tempo that is now drifting faster between Washington, London, and Brussels than most screening vendors can keep […]
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On May 5, 2026, Anthropic CEO Dario Amodei officially took the stage in New York to unveil a suite of ten specialized AI financial agent templates, a move that sent shockwaves through the fintech sector. Designed to automate everything from investment pitchbooks to complex compliance workflows, the announcement triggered a flurry of speculative headlines questioning […]
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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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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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