CTF

Iran’s largest cryptocurrency exchange was founded and is controlled by two brothers from the Kharrazi family, one of the Islamic Republic’s most influential clerical dynasties and now closely tied to new Supreme Leader Mojtaba Khamenei.

Canada is moving to create a powerful new law enforcement agency dedicated to investigating and prosecuting financial crime, a step that places Ottawa on a sharply different course from Washington, where the Trump administration has scaled back federal fraud enforcement.

The Financial Action Task Force (FATF) placed Austria in enhanced follow-up after finding the country’s framework for investigating and prosecuting money laundering remains weak more than a decade after similar concerns were first raised.

OFAC designated 35 entities and individuals it said help run Iran’s shadow-banking system, focusing on private companies known as “rahbars” that move money for sanctioned Iranian banks through foreign shell companies and front-company accounts.

The United States Mint has for years purchased gold originating from illegal mines controlled by a Colombian drug cartel, violating a federal law requiring that its coins be made from newly mined American gold.

The Bank of Italy has flagged money-laundering risks at DeA Capital Real Estate SGR and is demanding a remedial plan, a new business strategy, and a sweeping overhaul of the asset management firm’s leadership.

The U.S. Treasury Department on Friday sanctioned a major Chinese independent oil refinery and roughly 40 shipping firms and vessels tied to what it called Iran’s “shadow fleet,” in the latest action under a campaign Treasury has dubbed “Economic Fury.”

Italy has passed a sweeping review of its anti-money-laundering regime but must urgently fix a suspended corporate ownership registry and tighten oversight of non-financial businesses, the Financial Action Task Force (FATF) said in a report published on Thursday.

A Republican-led U.S. House committee voted on Tuesday to advance legislation that would exempt American limited liability companies and other businesses from reporting on their beneficial owners under the Corporate Transparency Act.

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.