Good morning. The Office of the Comptroller of the Currency will ease requirements for anti-money-laundering programs at community banks, part of a Trump administration push to reduce financial services sector regulation, Risk Journal’s Richard Vanderford reports. 

• The details: The banking regulator said Monday it would take a more tailored approach to anti-money-laundering oversight at small banks. The OCC said community banks, which it defines as those with less than $30 billion in assets, tend to be low risk for money laundering and that the previous approach was too burdensome.
   
• The context: Banks of all sizes are required by law to monitor for money laundering and terrorist financing at their institutions, but smaller institutions have complained the general requirements bury them in costly paperwork that doesn’t necessarily aid law enforcement. 
   
• Other relief: The OCC also said it would discontinue an annual data collection that required community banks to submit information on products, services and customers that could raise elevated money-laundering concerns. The agency used the data as part of its oversight function, but said it believes the information is no longer necessary and that the process was onerous for small banks.

Note to readers: The Morning Risk Report won’t be published Thursday and Friday in observance of the Thanksgiving Day holiday in the U.S. We will be back Monday.

Senate committee to challenge auto-safety mandates that hurt ‘affordability.’

Lawmakers will take aim at vehicle-safety mandates in a coming Senate hearing, targeting some auto-industry regulations once considered too sacrosanct to attack.

Senate Republicans in January plan to criticize requirements for safety technology, such as automatic emergency braking and alarms to remind drivers that a child is in the back seat, arguing they are ineffective and will unnecessarily drive up the cost of cars, according to people familiar with the situation.

• U.S. victims of the Oct. 7 Hamas-led attack against Israel are suing cryptocurrency platform Binance and its founder Changpeng Zhao, alleging they financially supported the armed groups responsible for the incursion.
   
• The U.S. has issued a general license authorizing certain transactions with sanctioned Russian banks for Hungary’s Paks II civil nuclear power plant project, the Treasury Department announced, Risk Journal reports. 
   
• Warner Music Group has made a deal with artificial intelligence music-generator Suno that will let the startup launch new models based on licensed songs.
   
• Italy’s competition regulator has broadened the scope of an investigation into WhatsApp-owner Meta Platforms over the social media giant’s artificial intelligence chatbot policy, saying the company could face interim measures over its rules.
   
• Optimum Communications has filed an antitrust lawsuit against a group of investors including Apollo Global Management and Ares Management, alleging the firms acted in unison to freeze the telecommunications company out of the U.S. credit market, WSJ Pro Bankruptcy reports. 
   
• Taiwan Semiconductor Manufacturing Company is concerned that Intel could gain access to its chip-making secrets, Barron’s reports.

Join us on Dec. 2 for a webinar examining how bank compliance should incorporate the national security priorities of the Trump administration. Speakers are Alessio Evangelista, partner at Skadden Arps and a former enforcement director at FinCEN; and David Schwartz, president and chief executive of the Financial & International Business Association. You can register here.

Dragonfly’s annual geopolitical assessment explores the key trends and risks businesses should expect to face in 2026. To attend the Nov. 27 event at the News Building in London, click here.

Ukraine open to signing newly drafted peace deal, U.S. officials say.

Ukraine told the Trump administration it would sign a U.S.-drafted peace deal to end the war with Russia, U.S. officials said, despite Washington and Kyiv signaling remaining diplomatic hurdles and Moscow weighing how to respond.

Representatives for Ukraine and Russia met with U.S. Army Secretary Dan Driscoll in Abu Dhabi on Tuesday, part of the Trump administration’s renewed push to revive peace talks. President Trump hopes the progress is enough to organize a signing ceremony at Mar-a-Lago in the coming days, officials said.

• Ukrainians Resist Pressure from Russia—and Trump

U.S. home prices slow further amid affordability concerns.

U.S. home prices rose in September, though the pace of growth continued to slow as elevated mortgage rates and affordability concerns hit demand.

The S&P Cotality Case-Shiller National Home Price Index, which measures home prices across the country, rose 1.3% in the 12 months through September, compared with a revised 1.4% rise in August. This represents the weakest performance since mid-2023.

• When Home Sellers Set Prices Too High, They’re Paying for It

• Shutdown-delayed data showed American consumers closed out the third quarter on a cautious footing, while a measure of consumer confidence tumbled in November.
   
• President Trump signed an executive order Monday directing the State and Treasury Departments to consider designating certain chapters of the Muslim Brotherhood as Foreign Terrorist Organizations and Specially Designated Global Terrorists, Risk Journal reports. 

• Speaker Mike Johnson (R., La.) cautioned the White House that most House Republicans don’t have an appetite for extending enhanced Affordable Care Act subsidies, according to people familiar with the matter, showing how hard it will be politically to stave off sharp increases in healthcare costs next year for many Americans.
   
• The White House is defending special envoy Steve Witkoff over a reportedly leaked conversation in which he told a Russian official that praising President Trump would help smooth over a call with Russian President Vladimir Putin regarding the war in Ukraine.
   
• A group of Democratic lawmakers said the Federal Bureau of Investigation had requested interviews with them after they appeared in a video that criticized the Trump administration and called on troops to disobey unlawful orders.
   
• The real magic of the Macy’s Thanksgiving Day parade: making it disappear.

Follow us on X at @WSJRisk. Send tips to our reporters Max Fillion at max.fillion@dowjones.com, Mengqi Sun at mengqi.sun@wsj.com and Richard Vanderford at richard.vanderford@wsj.com.

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