Crime Group Used Macau Casinos to Launder Billions: Taiwan Prosecutors
Prosecutors in Taiwan have indicted 10 people accused of operating a cross-border money laundering network that used Macau casinos and credit cards to launder more than $1 billion in funds.
Ex-SEC Enforcer Resigned Amid Clashes Over Trump-Linked Rulings
Margaret Ryan, the former head of enforcement at the U.S. Securities and Exchange Commission (SEC), resigned last week after clashing with agency leaders over the direction of the watchdog’s oversight, including cases tied to President Donald Trump, his family, and his administration.
Trump’s Iran Sanctions Lift Could Give Tehran $14bn Windfall
President Donald Trump is facing bipartisan blowback after his administration temporarily eased sanctions on Iranian oil, a move that could allow Tehran to sell up to 140 million barrels now at sea and generate as much as $14 billion as oil prices surge during the U.S.-backed war against Iran.
Trial Begins for Ex-U.S. Lawmaker Accused of Lobbying for Venezuela
The trial of former U.S. Congressman David Rivera started Monday in Miami as the Florida Republican faces charges that he illegally lobbied American officials on behalf of Venezuelan interests without registering as a foreign agent.
U.S. Judge Strikes Down FinCEN Rule on Cash Real-Estate Purchases
A U.S. judge has struck down a Treasury Department rule that required disclosure of the beneficial owners of companies making all-cash real estate purchases, dealing a setback to a Biden-era effort to curb money laundering through the property market.
FCA to Investigate MFS Collapse Amid Fraud Allegations
Britain’s financial regulator has opened an investigation into collapsed mortgage lender Market Financial Solutions, marking the first formal regulatory probe into the Mayfair-based group after its failure amid fraud allegations.
U.S. Mulls Lifting Some Iran Sanctions to Mitigate Oil-Price Surge
The United States may remove sanctions in the coming days on about 140 million barrels of Iranian oil stranded aboard tankers at sea, according to The Guardian, which cited recent comments by U.S. Treasury Secretary Scott Bessent.
Billionaire Bolloré Faces Trial in Foreign Bribery Case
French billionaire Vincent Bolloré has been ordered to stand trial in Paris to face charges that he bribed a foreign public official in Togo among other allegations, in a long-running case tied to the Bolloré Group’s business activities in West Africa.
U.S. Blacklists Network Accused of Diverting Over $100 Million to Hezbollah
The U.S. Treasury Department said on Friday it had imposed sanctions on an international network of 16 people and companies that allegedly diverted more than $100 million to Hezbollah since 2020.
Chelsea FC to Pay Millions for Offshore Payments Under Abramovich’s Ownership
Chelsea FC were fined £10.75 million and handed a suspended transfer ban by the Premier League over undisclosed payments made during Roman Abramovich’s ownership, in a case that drew renewed attention to offshore money flows and hidden financial arrangements in football.