Weekly Roundup: OCC Knocks Bank for Lax Cryptocurrency Controls, FATF Renews Embargo Against Iran, and More

The U.S. Office of the Comptroller of the Currency ordered M.Y. Safra Bank to conduct a transactional review after finding that the New York-based lender failed to adequately vet cryptocurrency clients for at least three years. More The Financial Action Task Force lifted a suspension of countermeasures against Iran while granting Pakistan another four months to reform its regime against illicit finance and avoid the same fate, ACAMS reported. More The Treasury Department's Financial Crimes Enforcement Network has picked former cryptocurrency compliance executive Michael Mosier to oversee emerging technologies as its first-ever digital innovation officer. More More than 150...