Trump’s Leaner DOJ is Pursuing Fewer Criminal Prosecutions, Data Shows
The Trump administration has cut more than 4,000 employees from some of the nation’s top law-enforcement agencies even as it has pledged to get tough on crime, according to U.S. Justice Department records.
Leader of $140mn ‘Faith-Based’ Ponzi Scheme Charged with Wire Fraud
The founder of a Newnan, Georgia-based lender that marketed faith-based investments to conservative audiences was charged with felony wire fraud on Thursday, escalating a civil fraud case into a criminal prosecution nearly a year after regulators shuttered what they described as a $140 million Ponzi scheme.
House Republicans Vote to Roll Back U.S. Beneficial Owner Reporting
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.
EU Adopts Broad Directive to Penalize and Prevent Corruption
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.
Republicans Threaten FinCEN’s Budget over Corporate Transparency Rule
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.
New York Sues Coinbase and Gemini over ‘Event Contract’ Wagers
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.
ENRC Wants $168mn for Mishandled SFO Probe That Spanned a Decade
Eurasian Natural Resources Corporation is seeking more than $168 million in compensation from the UK Serious Fraud Office (SFO), law firm Dechert, and former Dechert partner Neil Gerrard over losses it says arose from a decade-long criminal investigation.
EU to Impose Sanctions on Entities Blocking the Strait of Hormuz
The European Union will widen the criteria for its Iran sanctions regime to include people and entities responsible for obstructing freedom of navigation in the Strait of Hormuz.
OFAC Targets Militias in Iraq, Mercenary Recruiters in Sudan
The U.S. Treasury on Friday imposed sanctions on seven Iraqi militia commanders in what it called “Economic Fury,” targeting figures it said were responsible for planning, directing and carrying out attacks on U.S. personnel.
Wife of Spanish PM to Stand Trial for Alleged Corruption, Embezzlement
Spanish Prime Minister Pedro Sánchez is facing renewed political pressure after a judge ordered his wife, Begoña Gómez, to stand trial, deepening a corruption controversy that already involves several of his relatives and close associates.