India Tightens KYC and AML Rules for Crypto Exchanges
India’s Financial Intelligence Unit (FIU) has rolled out stricter identity verification requirements for cryptocurrency exchanges, aiming to curb money laundering and terrorist financing, CoinDesk reported, citing Press Trust of India.
NZ Central Bank Asks Court to Fine ASB for AML Shortcomings
The Reserve Bank of New Zealand (RBNZ) has filed civil proceedings in the High Court against ASB Bank, alleging breaches of core requirements under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act dating from at least December 2019.
Ex-Bolivian President Luis Arce Arrested in Corruption Probe
Former Bolivian President Luis Arce was arrested on Wednesday as part of a sweeping corruption investigation, just a month after conservative President Rodrigo Paz took office and ended two decades of left-wing rule, according to the Associated Press.
U.S. Sanctions Colombia’s President, Alleging Aid to Drug Traffickers
The U.S. Treasury Department designated Colombian President Gustavo Petro and several of his family members and associates, alleging his policies have fueled record cocaine production and benefited narco-traffickers.
Judge Quashes Effort to Stop Peru’s Ex-President From Leaving Country During Criminal Probe
A Peruvian judge declined a request to restrict former President Dina Boluarte from leaving the country while prosecutors investigate her for corruption and money laundering, Reuters reported.
Congress Expected to Subpoena Banks Linked to Epstein
Jeffrey Epstein remained embedded in Wall Street’s elite financial networks in the years before his 2019 death, maintaining accounts at more than 20 banks and executing large transactions with prominent investment firms, according to new reporting by The Wall Street Journal.
Report Alleges Trump’s Ambassador Shielded Bukele From Investigation
A previously undisclosed report by the Inspector General for the U.S. State Department and officials interviewed by ProPublica allege that former Ambassador to El Salvador Ronald D. Johnson protected Salvadoran President Nayib Bukele from American and Salvadoran law enforcement efforts.
JPMorgan Chase Ignored Years of Epstein Red Flags: NYT
JPMorgan Chase processed more than $1.1 billion in transactions for Jeffrey Epstein over a 15-year period, despite repeated anti-money laundering (AML) red flags raised internally, according to an investigative report by The New York Times.
Jersey probes Roman Abramovich for suspected money laundering, sanctions breaches
Jersey authorities are investigating Russian billionaire Roman Abramovich in connection with suspected money laundering and possible sanctions violations, according to Swiss court judgments issued in May.