AML

The Financial Conduct Authority (FCA) and other UK authorities shut down eight sites across London as part of a crackdown on illegal peer-to-peer crypto trading, the agency announced on Wednesday. 

Mounties, one of Australia’s largest club groups, allowed 13 customers to launder as much as A$226 million ($144 million) through poker machines over five years.

The U.S. Justice Department indicted the Southern Poverty Law Center (SPLC) on charges that the civil-rights organization fraudulently paid informants inside extremist groups and concealed those payments with bank accounts opened for nonexistent companies. 

The European Union on Tuesday adopted a new anti-corruption directive that creates bloc-wide minimum rules on corruption offenses, penalties, prevention measures, and enforcement, replacing a 2003 law on private-sector corruption and a 1997 convention covering EU and member-state officials, the Council of the EU said.

U.S. House Republicans are threatening to block all funding for the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) until the agency finalizes a rule requiring companies to report beneficial ownership information.

Brazil’s First Capital Command, or PCC, has expanded from a prison gang founded in Sao Paulo state in 1993 into what authorities describe as the largest criminal group in the Americas, with some 40,000 members and affiliates operating in nearly 30 countries.

New York Attorney General Letitia James sued crypto exchanges Coinbase and Gemini on Tuesday, accusing them of operating prediction markets that violate state gambling laws.

The Democratic Republic of Congo will begin restricting cash transactions in U.S. dollars from next April in an effort to curb money laundering, strengthen oversight of the financial system, and rebuild confidence in the Congolese franc.

Sweden’s Supreme Court has acquitted former Swedbank chief executive Birgitte Bonnesen, overturning the only prison conviction handed to a senior Nordic banker in connection with one of Europe’s biggest money-laundering scandals.

Unusual bursts of trading across oil, equities, and prediction markets repeatedly appeared shortly before some of President Donald Trump’s most market-moving public statements.