DOJ Hits Southern Poverty Law Center with Financial-Crime Charges
The U.S. Justice Department indicted the Southern Poverty Law Center (SPLC) on charges that the civil-rights organization fraudulently paid informants inside extremist groups and concealed those payments with bank accounts opened for nonexistent companies.
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.
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.
Suspicious Trades Have Become a Hallmark of Trump’s Second Term
Unusual bursts of trading across oil, equities, and prediction markets repeatedly appeared shortly before some of President Donald Trump’s most market-moving public statements.
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.
FCA Launches Consultation on Crypto Oversight under FSMA
Britain’s Financial Conduct Authority has launched a consultation on guidance for the UK’s future crypto regime, as the regulator moves toward opening authorizations for crypto firms later this year.
Founder of China’s Evergrande Pleads Guilty to Fraud and Embezzlement
Hui Ka Yan, the founder of embattled Chinese property developer Evergrande, pleaded guilty this week to multiple charges including embezzlement of assets and corporate bribery, in a major milestone in the unraveling of one of China’s biggest corporate collapses.
Indonesia Names ‘Gas Godfather’ in Pertamina Corruption Probe
Indonesian authorities have named former commodities trader Mohammad Riza Chalid as a suspect in a second corruption investigation tied to crude oil and fuel procurement, broadening a probe that is renewing scrutiny of longstanding practices in the country’s energy market.
CFTC To Focus on Prediction Markets, Willful AML Violations
The U.S. Commodity Futures Trading Commission (CFTC) will prioritize enforcement against insider trading in prediction markets, manipulation in energy markets, spoofing, retail fraud, and willful violations of anti-money-laundering (AML) laws, the agency’s new enforcement director said Tuesday.
U.S. Senators Want Answers on Sudden Departure of SEC Enforcer
Two Democratic U.S. senators pressed Securities and Exchange Commission Chairman Paul Atkins on Monday to explain the abrupt resignation of the agency’s enforcement director and whether it was tied to the SEC’s pullback from cryptocurrency cases linked to Donald Trump.