U.S. Treasury Eases Restrictions on Russian Oil Sales as Crude Costs Rise
The United States is temporarily easing sanctions on Russian oil sales to India with a 30-day waiver aimed at preventing supply shortages and cushioning a sharp rise in crude prices after U.S. and Israeli attacks on Iran.
SEC Drops Its Case Against Crypto Investor Justin Sun
The U.S. Securities and Exchange Commission (SEC) is dropping its civil-fraud case against crypto billionaire and World Liberty Financial investor Justin Sun.
IRS Criminal Referrals of Wealthy Tax Cheats Fell Sharply in FY2025
Referrals by the Internal Revenue Service for possible criminal tax violations by large corporations and ultra-wealthy individuals plummeted follwing President Donald Trump’s return to office, with the agency’s division responsible for auditing big businesses and billionaires sending at most two cases to criminal investigators in fiscal year 2025.
Ukrainian Agency Missed Signs of Halushchenko’s Money Laundering: TI
Kyiv’s assets-declaration watchdog missed multiple red flags in the filings of former Ukrainian energy minister Herman Halushchenko, according to Transparency International Ukraine.
Ex-Star CEO Faces Millions in Fines for AML Lapses
Star Entertainment’s ex-chief executive Matthias Bekier and former in-house lawyer Paula Martin breached their directors’ duties during the casino operator’s “Chinese money-laundering era”, the Australian Federal Court found.
AI Increasingly Used to Dodge Economic and Trade Sanctions
Artificial intelligence is making sanctions and export-control evasion schemes harder to detect by enabling the creation of realistic fake companies and phony documentation used to obviate international trade restrictions.
Head of Police Federation of England and Wales Arrested for Suspected Fraud
The head of the body representing most police officers in England and Wales has been arrested on suspicion of fraud by abuse of position, weeks after he publicly called for stronger protections for whistleblowers.
Ex-Banco Master Chief Bribed Regulators, Accessed FBI Data: Report
Banco Master SA’s former chief executive Daniel Vorcaro was returned to custody for a second time in roughly three months as a widening probe into the collapsed lender added allegations of threats, intimidation, and illegal access to sensitive law-enforcement data.
Did Citi’s Internal Security Unit Help Quash Compliance Concerns?
Citigroup faces troubling allegations that an in-house security unit comprised of former law-enforcement officials penalized two compliance staffers who came forward with regulatory concerns and helped defend the institution against a lawsuit by a former employee.
U.S. Threatens Venezuela’s New Leader with Criminal Charges
The Trump administration is drafting a criminal indictment to potentially accuse Venezuelan interim President Delcy Rodriguez of corruption and money laundering.