U.S. Supreme Court Clears Way for Halkbank Prosecution
The U.S. Supreme Court has declined to hear an appeal from Halkbank, leaving the lender to face criminal charges over allegations that it helped Iran evade sanctions and launder billions of dollars through the American financial system.
How a Secret Chinese Barter Arrangement Helps Iran Skirt U.S. Sanctions
China has quietly built a financial workaround allowing it to keep paying for Iranian oil despite sweeping U.S. sanctions, according to new reporting by The Wall Street Journal.
As Illegal Gold Mining Grows in the Western Hemisphere, So Do AML Risks
Illegal gold mining has grown into one of the Western Hemisphere’s largest and fastest‑expanding illicit economies, out‑earning narcotics in parts of Colombia and Peru and pushing conflict‑linked gold toward U.S. ports and banks.
CRYPTO LAUNDERING: How Tech Salaries Fund North Korea’s Weapons Programs
North Korea’s government-backed IT workers are quietly infiltrating global tech firms and contractor platforms, earning steady crypto salaries that are laundered through a sprawling network of intermediaries to fund the regime’s weapons programs, according to new analysis from Chainalysis.
French Navy Identifies Suspected ‘Shadow Fleet’ Tanker
French authorities are investigating a crude oil tanker suspected of operating within a “shadow fleet” moving Russian oil, after the vessel “Boracay” anchored off Saint-Nazaire, Reuters said citing the French Navy.
Sanctions Gap Allows Russia-Sourced Nickel to Flow West: Global Witness
A gap between European and U.K. sanctions is allowing nickel from Russia to flow into the United States months after Washington banned Russian-origin metal, according to a new investigation.
U.S. Blacklists Wife of Brazilian Judge Who Oversaw Bolsonaro Case
The Trump administration has imposed sanctions on Viviane Barci de Moraes, the wife of Brazilian Supreme Court justice Alexandre de Moraes, escalating a confrontation over the judge’s handling of cases against former president Jair Bolsonaro.
FinCEN to Delete Ownership Info on U.S. Companies from CTA Registry
FinCEN Files investigation revealed how U.S. banks helped move illicit money worldwide, U.S. authorities are rolling back key reforms enacted in its aftermath, sparking alarm among transparency advocates.
OFAC Takes Aim at Financial Facilitators Aiding Iran’s Military
OFAC sanctioned two Iranian financial facilitators and more than a dozen individuals and entities based in Hong Kong and the United Arab Emirates for moving funds that allegedly benefited Iran’s military.
UK Sanctions Target Russia’s Shadow Fleet and Weapons Programs
The United Kingdom imposed a new package of 100 sanctions aimed at curbing Russia’s ability to finance and sustain its war against Ukraine.