A U.S. treasury bureau that analyzes financial transactions to combat money laundering, terrorist financing, and other financial crimes.
European regulators are preparing a package to deregulate and potentially cut capital backstops for banks, aiming to create pan-European lenders capable of competing with U.S. giants. The plan includes cutting Pillar 2 leverage add-ons, reducing capital buffers, easing reporting, and outlining a common deposit-insurance framework. The move follows similar U.S. and U.K. deregulation signals and is seen as a test of Europe’s capacity to finance large-scale strategic investments.
The UAE central bank has announced an urgent examination of Banque Misr’s UAE branches following a U.S. move to cut the bank’s access to the U.S. financial system as part of efforts to choke Iran's economy. The Treasury’s action is subject to a one-month public comment period and comes amid broader sanctions pressure on Iranian networks. The probe is part of an expanding U.S. push to isolate Iran through financial channels.