U.S. Fuel Trader Under Investigation for Suspected Ties to Cartel Smuggling
A Houston-based petroleum trader raided last month by U.S. federal agents is under investigation in Mexico in connection with a suspected fuel smuggling scheme linked to the Jalisco New Generation Cartel (CJNG).
CFTC Probes $800mn in Oil Trades Made Before Trump’s Iran Announcement
The U.S. Commodity Futures Trading Commission is investigating a surge of more than $800 million in oil futures trades that occurred moments before President Trump announced on social media that he was postponing strikes on Tehran’s energy infrastructure.
UK Eases Curbs on Russian Oil-Products as OFAC Targets Hamas, Iran
Britain issued a new sanctions waiver on Tuesday allowing the import of certain diesel and jet fuel processed in third countries from Russian-origin oil, even as the United States separately tightened sanctions on networks it accused of supporting Hamas and helping Iran move oil and petrochemical revenue.
Iran Launches BTC-Backed Insurer for Ships Crossing Contested Strait
Iran has launched a bitcoin-backed insurance service for shipping companies seeking to transit the Strait of Hormuz.
Arrest of Venezuelan ‘Bag Man’ Alex Saab Seen as Key to Maduro Prosecution
Alex Saab, the businessman widely seen as the financial fixer for ousted Venezuelan President Nicolás Maduro, was charged with money laundering in federal court in Miami on Monday.
OFAC Reaches $275mn Settlement with Adani, DOJ Drops Case against Founder
Indian conglomerate Adani Enterprises Ltd. has agreed to pay $275 million to settle U.S. allegations that it imported Iranian liquefied petroleum gas through a Dubai-based middleman while routing dollar payments through American banks, OFAC disclosed on Monday.
U.S. Extends Sanctions Waiver for Russian Seaborne Petroleum
The Trump administration has extended a controversial waiver on sanctions targeting Russian seaborne oil and other petroleum products after letting it expire two days earlier.
FinCEN Warns on IRGC’s Use of Front Companies, Stablecoins, and Facilitators
The U.S. Treasury Department on Monday issued an alert urging financial institutions to step up their detection of money laundering, sanctions evasion, and digital-asset transfers tied to Iran’s Islamic Revolutionary Guard Corps (IRGC).
IMF Warns New AI Models Could Disrupt Global Financial Stability
Artificial intelligence is amplifying the cyber threats facing the global financial system and could trigger a system-wide shock unless regulators and banks build stronger defenses, the International Monetary Fund warned Thursday.
OFAC Targets Iraqi Official and Companies for Alleged Iran Ties
The U.S. Treasury Department on Thursday imposed sanctions on Iraq’s deputy oil minister, three senior leaders of Iran-aligned militias, and four Iraqi companies, accusing them of diverting Iraqi oil to benefit Iran’s government and its proxy forces.