Reported by Kaley Schafer (Excerpt shared below. To read full report, go to: https://natlawreview.com/article/fincen-proposes-designate-banque-misr-uae-primary-money-laundering-concern-and?amp) The Financial Crimes Enforcement Network (“FinCEN”) has proposed to revoke Banque Misr UAE’s (the “Bank”) correspondent banking access to U.S. financial institutions, finding that that the Bank is a financial institution operating outside of the U.S. and is of primary money laundering concern […]

Reported by John Revill (Excerpt shared below. To read full report, go to: https://www.reuters.com/business/finance/julius-baer-seriously-breached-risk-money-laundering-rules-swiss-regulator-says-2026-09-29/) Swiss financial regulator FINMA said on Tuesday it had concluded enforcement proceedings against Julius Baer (BAER.S), lifting or relaxing restrictive ‌measures against the bank and triggering a sharp rise in the Zurich-based private bank’s shares. The bank said a request regarding its […]