Bank Records Bolster Claims of Adani Group Stock Manipulation
As allegations swirled in 2023 that the Adani Group’s yearslong stock rally was driven by insider manipulation, two close associates of the Adani family privately admitted to their bankers that they held billions of dollars in the conglomerate’s shares through multiple hedge funds, according to bank records.
Tariffs and Complex Rules are Driving Demand for Trade-Compliance Experts
Businesses attempting to navigate the shifting shoals of international tariffs, sanctions, and export controls are increasingly turning to trade-compliance professionals for guidance.
U.S. Oversight of MSBs is Weakest in Years as Crypto Usage Surges
Cryptocurrency usage is surging in the United States. You wouldn’t know that from the number of federal examiners tasked with supervising the industry for anti-money-laundering (AML) compliance though.
Bankers to Create Alternative to Mastercard and Visa to Shield UK from Trump
Senior UK banking figures are set to hold their first meeting this week to establish a British alternative to Visa and Mastercard, amid growing concerns that U.S. President Donald Trump could one day use his position to close off access to the payment rails.
Two Associates of Ex-EU Commissioner Charged as Dirty-Money Probe Grows
Belgian prosecutors have charged two people close to former European Commissioner Didier Reynders as part of a money-laundering investigation that until now had focused on Reynders alone.
Goldman Ditches DEI for Board Members
Goldman Sachs is preparing to remove race, gender identity, sexual orientation and other diversity factors from the criteria its governance committee uses to identify potential candidates for its board.
Binance Said to Fire Staff Who Found Iran Moved $1bn Through Exchange
Binance fired members of its internal compliance investigations team after they raised concerns that Iran-linked entities may have moved more than $1 billion through the crypto exchange, according to new reporting by Fortune.
Ukraine’s Ex-Energy Minister Charged with Money Laundering after Flee Attempt
Ukraine’s anti-corruption authorities on Monday accused former energy minister German Galushchenko of laundering millions of dollars in kickbacks in a high-profile corruption case that has shaken the wartime government.
OFAC Clears Way for New Oil-and-Gas Projects in Venezuela
The U.S. Office of Foreign Assets Control (OFAC) on Friday issued a general license clearing the way for certain large oil companies to invest in new operations in Venezuela.
Kuwait and Papua New Guinea Make FATF’s ‘Grey List’
The Financial Action Task Force (FATF) added Kuwait and Papua New Guinea to its “grey list” of countries under closer monitoring, saying both have pledged to fix weaknesses in their safeguards against illicit money flows.