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Treasury targets Los Chapitos faction over fentanyl trafficking ties

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has taken decisive action against Los Chapitos, a faction of the Sinaloa Cartel involved in fentanyl trafficking.

UK regulators balance between promoting innovation and managing risks of artificial intelligence

The global financial sector is increasingly influenced by artificial intelligence (AI), leading regulators in the European Union (EU) and the United Kingdom (UK) to establish frameworks for its responsible use.

Healthcare access challenges grow in northern New England amid facility closures

Two days after giving birth, Brianna Lareau found herself traveling 120 miles across New Hampshire for medical care.

EU sets new regulatory path for responsible banking innovation

The European Union (EU) is positioning itself as a leader in responsible digital innovation, focusing on creating a comprehensive digital ecosystem based on trust, ethics, and resilience.

EU pushes integrated financial data reporting with new frameworks

The European financial regulatory landscape is undergoing significant changes aimed at improving transparency, streamlining reporting processes, and ensuring data consistency.

FDIC releases March CRA evaluation results for state nonmember banks

The Federal Deposit Insurance Corporation (FDIC) has released its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA).

U.S. Treasury targets cocaine trafficking network involving Guyanese officials

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned six individuals, including four Guyanese and two Colombian nationals, for their roles in trafficking cocaine from South America to the United States,...

BAMPFA explores African American quilt art reflecting migration history

There is a new exhibition at the Berkeley Art Museum and Pacific Film Archive (BAMPFA) titled "Routed West: Twentieth-Century African American Quilts in California."

Treasury appoints Joseph Lavorgna as counselor to Secretary

Secretary of the Treasury Scott Bessent has announced a significant appointment within the U.S. Department of the Treasury.

U.S. sanctions target Iranian shadow banking network led by Zarringhalam brothers

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned over 30 individuals and entities connected to Iranian brothers Mansour, Nasser, and Fazlolah Zarringhalam.

Agricultural lending faces new challenges amid sector transformation

South Africa's agricultural sector is experiencing significant changes influenced by demographic shifts, weather volatility, infrastructure challenges, and global competition.

U.S. Treasury releases report on foreign exchange policies without new manipulation designations

The U.S. Department of the Treasury has released its semiannual report to Congress on the macroeconomic and foreign exchange policies of major trading partners of the United States.

Financial Stability Oversight Council discusses digital assets and commercial real estate

U.S. Secretary of the Treasury Scott Bessent led a meeting of the Financial Stability Oversight Council at the Department of the Treasury.

U.S. Treasury Secretary discusses reconstruction fund with Ukrainian economy minister

Today, Secretary of the Treasury Scott Bessent held a meeting with Yulia Svyrydenko, Ukraine's First Deputy Prime Minister and Minister of Economy.

Scott Bessent emphasizes US-Switzerland ties at American Swiss Foundation event

Secretary Scott Bessent addressed the American Swiss Foundation, emphasizing the longstanding relationship between the United States and Switzerland.

IBM partners with Inclusive Brains on AI-driven brain-machine interface research

IBM and Inclusive Brains have announced a joint study agreement to explore advanced AI and quantum machine learning techniques.

NCUA announces tentative date for upcoming board meeting

The National Credit Union Administration (NCUA) has announced that its next Board of Directors meeting is tentatively scheduled for July 24, 2025, at 10:00 am Eastern.

Moody's partners with GBG for enhanced business onboarding through identity verification

Moody's and GBG have announced a partnership aimed at enhancing business onboarding processes through improved identity verification.

Philadelphia Fed President emphasizes deliberate actions amid economic uncertainties

Federal Reserve Bank of Philadelphia President and CEO Patrick Harker emphasized the need for a "certain and deliberate" approach to monetary policy in light of ongoing economic uncertainties.

RBA discusses financial infrastructure resilience at June 2025 board meeting

The Payments System Board of the Reserve Bank of Australia convened in June 2025 to discuss several significant issues related to the nation's financial infrastructure.