Conmebol Chief Accused of Pocketing Millions Recovered from FIFA Scandal
The president of South America’s soccer federation faces an ethics complaint alleging he took millions of dollars from funds the body recovered after the 2015 global soccer corruption scandal.
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.
Thiel-Backed Erebor Seeks to Give Venezuela a Channel to U.S. Banking
Erebor Bank, a startup backed by billionaire Peter Thiel, has pitched senior Venezuelan officials on restoring the sanctioned country’s access to the U.S. financial system.
Somali Piracy Is Worsening as Global Shipping Circumvents Conflict Zones
A resurgence of piracy off the coast of Somalia is compounding pressure on global shipping already strained by conflict in the Middle East, with multiple vessels hijacked in recent weeks and industry leaders warning of fresh strain on supply chains.
Crypto Heists Spur Fears Anyone Can Be an ‘Elite Hacker’ with AI
Hackers widely believed to be linked to North Korea appear to have used artificial intelligence to pull off two crypto heists in April that netted nearly $600 million. That more can be on the way is rattling the $130-billion decentralized finance sector.
Federal Judge Blocks U.S. Sanctions against U.N. Special Rapporteur
A federal judge has blocked the Trump administration’s sanctions against a United Nations official who has called for war crimes charges against Israeli officials over their actions in Gaza, ruling that the penalties violated her free-speech rights.
Polish Lawmakers Pass MiCA Bill Amid Crypto Scandal Tied to Russia
Polish lawmakers on Friday approved a bill regulating cryptocurrencies as a scandal over the collapse of the country’s biggest crypto exchange widened and questions deepened over whether President Karol Nawrocki, who has twice vetoed similar measures, will sign it into law.
Head of Canada’s FINTRAC Expected to Officially Step Down on Sunday
The head of Canada’s anti-money-laundering (AML) watchdog is stepping down as Ottawa overhauls its approach to fighting financial crime and braces for the results of an international audit of its controls.
FCA Chief Says Growing Tech Threats Will Force Agency to Triage
The chief executive of Britain’s Financial Conduct Authority (FCA) said the regulator will no longer be able to defend against every illicit-finance threat equally and must openly prioritize what it focuses on as technology-linked scams continue to rise.