Circle, Paxos, BitGo, and Coinbase are preparing to apply for national bank charters or trust bank licenses, reflecting the Trump administration’s aggressive pro-cryptocurrency stance. This move represents a significant shift in crypto firms’ strategy, seeking deeper integration with the …
Donald TrumpTrump AdministrationCircle Internet FinancialBitGo Inc.Coinbase+1 morecryptobankingtrump-administrationfinancial-regulationfinancial-capture
The FDIC issued Financial Institution Letter (FIL-7-2025) on March 28, 2025, removing prior approval requirements for banks’ crypto-related activities. Acting Chairman Travis Hill announced a significant policy shift, allowing FDIC-supervised institutions to engage in crypto-related activities …
Donald TrumpTravis HillTrump AdministrationFDICcryptofinancial-regulationbankingtrump-administration
On September 20, 2020, BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ) published the FinCEN Files, exposing over $2 trillion in suspicious financial transactions between 1999 and 2017. The investigation, involving 2,657 leaked documents and 2,121 suspicious …
FinCENBuzzFeed NewsInternational Consortium of Investigative JournalistsJason LeopoldDeutsche Bank+7 moremoney-launderingbankingfinancial-crimeregulatory-failuresuspicious-transactions+4 more
BuzzFeed News and the International Consortium of Investigative Journalists published the FinCEN Files, revealing more than $2 trillion in suspicious banking transactions reported to the U.S. Financial Crimes Enforcement Network between 1999 and 2017. The files contained over 2,100 Suspicious …
FinCENBuzzFeed NewsInternational Consortium of Investigative JournalistsDeutsche BankHSBC+4 moremoney-launderingbankingfinancial-crimeregulatory-failuresuspicious-transactions+2 more
The ICIJ/BuzzFeed ‘FinCEN Files’ exposed a massive global banking corruption investigation, revealing over $2 trillion in suspicious financial transactions across 200+ banks between 1999-2017. The leaked 2,657 documents, including 2,121 Suspicious Activity Reports (SARs), showed systemic …
Agha Hasan Abedi established the Bank of Credit and Commerce International (BCCI) in Luxembourg, creating an international bank with initial capital from Bank of America and Sheikh Zayed bin Sultan Al Nahyan. BCCI rapidly expanded to become the seventh-largest private bank in the world before being …
Agha Hasan AbediSheikh Zayed bin Sultan Al NahyanBank of Americabankingfinancial-crimeinternational-bankingmoney-launderingregulatory-capture