Secretary Rubio discusses targeted individuals and entities, including those in Iraq, the UAE, and China. Secretary of State Marco Rubio announced that the U.S. is expanding sanctions against…
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Education Department Finalizes Student Loan Reform Rule
New policies set borrowing limits and revise repayment options under federal law. The U.S. Department of Education has released a final rule outlining changes to federal student loan…
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Federal Grand Jury Charges Nonprofit for Fraud, Money Laundering
Acting Attorney General Blanche and FBI Director Patel announced the indictment against Southern Poverty Law Center. The Department of Justice announced that a federal grand jury in Montgomery,…
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Treasury Proposes Rules for Stablecoin Oversight Under New Federal Law
The draft regulation outlines anti-money laundering and sanctions requirements for digital payment issuers. The Financial Crimes Enforcement Network (FinCEN)and the Office of Foreign Assets Control (OFAC) recently introduced…
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FTC Warns Major Financial Companies About Debanking U.S. Consumers
The chairman sent letters to major financial companies citing obligations under consumer protection law. Federal Trade Commission (FTC) Chairman Andrew Ferguson sent letters to the chief executives of…
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Treasury Launches AI Innovation Series for Financial System Oversight
The initiative brings regulators and industry together to examine artificial intelligence in financial services. The Financial Stability Oversight Council (FSOC) and the Treasury Department’s Artificial Intelligence Transformation Office…
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Treasury Secretary Takes More Steps to Address Fraud Against Federal Healthcare Programs
FinCEN also issued an advisory for financial institutions after launching a whistleblower website. Treasury Secretary Scott Bessent announced that financial institutions are being encouraged to alert Financial Crimes…
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OFAC Sanctions Iran’s “Shadow Fleet” of Oil Vessels
The agency says that the Iranian ships carry products that fund proxies and missiles. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on…
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Federal Jury Indicts NY Attorney General on Mortgage Fraud Charges
The state attorney general claimed a property as her second home, but allowed a relative to live there. A federal grand jury recently indicted New York Attorney General…
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U.S. Treasury Targets Networks Supporting Iran-Backed Militias in Iraq
OFAC sanctions individuals and companies accused of aiding Iran’s Revolutionary Guard and affiliated groups through financial and weapons networks. The U.S. Treasury Department’s Office of Foreign Assets Control…
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