Trump’s Crypto Firm Struck Deal with Network Tied to Blacklisted Scam Group
World Liberty Financial, the Trump family-linked crypto venture, announced a deal in November to enable its USD1 stablecoin on a crypto network whose flagship resort project was controlled by two men the U.S. government had sanctioned weeks earlier as alleged operatives of an Asian scam ring.
Julius Baer Ordered to Rehire Staffer Who ID’d Potential Sanctions Violations
A German labor court has ruled that Julius Baer Group’s Frankfurt arm wrongly dismissed a manager who had raised internal concerns about alleged sanctions violations linked to the onboarding of clients from Iran and Russia.
Australian Gatekeepers to Face Massive Fines for Ties to Criminal Groups
Accountants, lawyers and real estate agents in Australia will face multimillion-dollar fines for assisting the illicit tobacco trade under a sweeping expansion of anti-money-laundering and counterterrorism financing laws taking effect on July 1.
Sarkozy Takes Stand in Libya Funding Appeal
Former French president Nicolas Sarkozy returned to the witness stand on Wednesday in his appeal against a conviction for illegally accepting Libyan funds for his 2007 presidential campaign, contradicting two sworn statements from his onetime right-hand man, Claude Guéant.
OFAC Targets Iran ‘Rahbar’ Networks, Warns on China Refinery Risks
OFAC designated 35 entities and individuals it said help run Iran’s shadow-banking system, focusing on private companies known as “rahbars” that move money for sanctioned Iranian banks through foreign shell companies and front-company accounts.
Greek Government Clashes with EU Prosecutor’s Office over Corruption Probe
Greece’s ruling New Democracy party has launched an aggressive campaign against European Chief Prosecutor Laura Codruța Kövesi over her office’s investigation into a corruption scandal involving hundreds of millions of euros in European Union farm subsidies.
U.S. Mint Bought Gold Mined by Blacklisted Drug Cartel
The United States Mint has for years purchased gold originating from illegal mines controlled by a Colombian drug cartel, violating a federal law requiring that its coins be made from newly mined American gold.
Italian Asset Manager Ordered to Replace CEO, Board over AML Violations
The Bank of Italy has flagged money-laundering risks at DeA Capital Real Estate SGR and is demanding a remedial plan, a new business strategy, and a sweeping overhaul of the asset management firm’s leadership.
Russia-DPRK Alliance Poses Growing Threat to Sanctions Enforcement
A deepening military and economic partnership between North Korea and Russia is systematically undermining the international sanctions architecture built over decades to constrain Pyongyang, while fueling a conventional arms buildup that raises the risk of war on the Korean Peninsula.
Swiss Court Dismisses Gulnara Karimova’s Graft Case
A Swiss federal court abruptly dismissed money laundering and bribery charges against the imprisoned daughter of a former Uzbek president on Tuesday after Uzbek authorities confirmed she would not be released to attend the proceedings before the statute of limitations runs out.