Illicit Finance

Rwanda has threatened to withdraw its troops from northern Mozambique, where they have spent the past five years containing Islamic State-linked militants, after the U.S. imposed sanctions on Kigali over its alleged support for the M23 insurgency in neighboring Congo.

French anti-terrorism prosecutors are investigating whether a thwarted bombing at Bank of America’s Paris office was linked to an Iran-backed group that has urged attacks on Jewish communities and businesses across Europe, according to a Financial Times report.

Chinese authorities have arrested the former chairman of Cambodia’s Huione Group, a financial conglomerate identified as a central player in a global money-laundering network, in the latest escalation of Beijing’s campaign against transnational organized crime in Southeast Asia, The New York Times said.  Li Xiong, a Chinese national and former chairman of Huione Group, was […]

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. 

The U.S. Treasury Department’s Office of Foreign Assets Control on Tuesday issued new guidance warning that sham transactions used by sanctioned individuals and entities to disguise continuing control over assets do not extinguish a blocked interest in property under U.S. sanctions rules.

Cargo theft in Britain is evolving into a high-yield criminal business that costs the economy about £700 million a year, as organized gangs target truckloads of food, alcohol, electronics, and consumer goods that can be quickly resold through online platforms and grey-market wholesalers.

Federal Reserve Governor Michael Barr warned on Tuesday that stablecoins pose risks related to money laundering, financial stability, and reserve quality, as U.S. banking agencies work on regulations to implement new federal rules for the sector.

Tehran has intensified cyber attacks against Israel and the United States in response to the Iran war, using operations designed to spread fear, gather intelligence, and support military targeting.

A Malaysian court on Tuesday ordered jailed former Prime Minister Najib Razak to pay $1.3 billion to SRC International, a former unit of scandal-linked state fund 1MDB, after finding him liable for losses incurred by the company.

Hungary’s foreign minister privately shared sensitive European Union discussions with Russia and worked with Moscow to try to remove sanctioned Russian individuals, banks, and companies from EU blacklists.