The committee is investigating possible foreign money laundering. Representative Bryan Steil of Wisconsin, chair of the Committee on House Administration, has issued a subpoena requiring the fundraising website…
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Treasury Sanctions Sudan Leader for Weapons Acquisition
Officials state he was organizing weapons deals for armed forces. The Treasury Department sanctioned Sudan leader Mirghani Idris Suleiman last week, addressing his role in procuring weapons for…
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Treasury Imposes More Hamas-Related Sanctions
The department marks the anniversary of October 7th by sanctioning the terrorist group’s funding network. The Treasury Department imposed sanctions against parts of Hamas’ funding network on Monday,…
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Treasury Sanctions Hezbollah Petroleum Gas Smuggling Network
Five companies and two vessels tied to Hezbollah finance team sanctioned. The Treasury Department announced that it has sanctioned ten entities tied to Hezbollah’s oil and gas smuggling…
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House Judiciary Chair Requests Details on Companies’ Environmental Goals
Representative Jordan wrote to 130 investors regarding ESG in money management. House Judiciary Chair Jim Jordan wrote letters to 130 investors, requesting an explanation for their proposed environmental,…
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Senate Committee Finds SEC and CFTC Oversight of AI Lacking
Their report calls for new standards to mitigate potential harms from machine learning in trading. The Senate Homeland Security and Governmental Affairs Committee (HSGAC) recently released a report…
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Supreme Court Agrees to Nvidia Class Action Appeal
The company calls allegations of misleading revenue statements “speculative litigation.” The Supreme Court agreed to hear an appeal filed by Nvidia, which claimed that a revived class action…
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CFPB Director Urges Congress to Safeguard Consumer Data
Certain financial institutions have reportedly developed media relations for individually targeted marketing. Director Rohit Chopra of the Consumer Financial Protection Bureau (CFPB) has urged legislators to protect consumers…
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Treasury Department Requests Public Comment on Financial AI Policies
The agency seeks to increase understanding of current AI use within financial services. The Department of the Treasury recently released a request for information and insight on the…
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SEC Warns Crypto Broker of Possible Infractions
Brokerage companies claim cryptocurrency is not a security. The Securities and Exchange Commission (SEC) sent a “Wells notice” to Robinhood, a retailer securities broker. The document warned of…
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