KYC

A politically connected blockchain project that partnered with the Trump family’s crypto firm promoted a proposed resort in Timor-Leste involving three people later sanctioned by the United States for ties to the Prince Group, an alleged Southeast Asian scam syndicate.

Asian countries hit by acute energy disruptions from the Gulf conflict are increasingly turning to Russia for emergency oil supplies after the United States granted a temporary sanctions waiver on Russian crude.

Three Greek cabinet ministers resigned on Friday as a European Union investigation into alleged farm subsidy fraud widened, in a case that has intensified political pressure on the government and added to unrest in the country’s farming sector.

Ten years after the Panama Papers exposed the offshore financial system exploited by tax cheats and criminals around the world, prosecutions and transparency reforms tied to the landmark investigation are still unfolding.

A U.S. judge on Thursday granted preliminary approval to Bank of America’s $72.5 million settlement with women who accused the bank of facilitating Jeffrey Epstein’s sexual abuse.

The British Virgin Islands has opened part of its long-guarded corporate registry to outside scrutiny, but anti-corruption advocates say the new transparency rules contain loopholes that could let bad actors hide ownership information and undermine investigations.

The U.S. Treasury Department’s Office of Foreign Assets Control on Tuesday issued new guidance warning that sham transactions used by sanctioned individuals and entities to disguise continuing control over assets do not extinguish a blocked interest in property under U.S. sanctions rules.

A Malaysian court on Tuesday ordered jailed former Prime Minister Najib Razak to pay $1.3 billion to SRC International, a former unit of scandal-linked state fund 1MDB, after finding him liable for losses incurred by the company.

Hungary’s foreign minister privately shared sensitive European Union discussions with Russia and worked with Moscow to try to remove sanctioned Russian individuals, banks, and companies from EU blacklists.

Cuba was preparing on Monday to receive a sanctioned Russian tanker carrying about 730,000 barrels of oil, offering a temporary lifeline to the island as it struggles through a fuel crisis worsened by a U.S. oil blockade.