Companies House Dissolves IRGC-Linked Crypto Firm that Cited Fake Owner
Companies House has removed cryptocurrency exchange Zedxion Exchange Ltd. from the UK’s register of businesses after an investigative report by OCCRP found the firm used a fictitious director and misleading incorporation filings to conceal links to sanctioned Iranian tycoon Babak Zanjani.
UK’s Top-Paid Oil Exec Faces Global Asset Freeze Over Siphoned Iran Funds
North Sea oil executive Francesco Mazzagatti could soon be the subject of a worldwide asset freeze stemming from a London lawsuit alleging he siphoned funds from former business partners tied to an Iranian petrochemicals business.
Blacklisted by OFSI, Iran Banker Lives in Spanish Villa Bought with UK Firm
An Iranian banker sanctioned by Britain for allegedly helping finance the Islamic Revolutionary Guard Corps (IRGC) owns a luxury villa in Marbella through the Spanish subsidiary of a UK company.
FL Brokerage to Pay $1.1mn for Failing to ID Human Error in Sanctions Controls
TradeStation Securities agreed to pay $1.11 million to settle potential civil liability for 481 apparent violations of U.S. sanctions rules after the Florida-based brokerage provided services to people in Iran, Syria, and Crimea.
Prominent UK Polo Patrons Tied to Alleged Illicit Funds at Shuttered Swiss Bank
U.S. officials have linked two prominent figures in English polo to an alleged scheme to launder proceeds from the illicit sale of Venezuelan oil, according to a Financial Times report that cited a recent Treasury Department notice about the now-defunct Swiss lender MBaer Merchant Bank.
North Korea’s AI-Enabled Fake-Worker Scams Are Expanding Into Europe
North Korean IT operatives are increasingly using artificial intelligence tools to pose as remote workers, win jobs, and draw salaries from European companies, the Financial Times reported, citing cyber security experts who said the threat is spreading beyond the United States.
For Iran, Oil Sales Continue Despite Sanctions and War
Illicit Iranian oil shipments continue to move through Asian waters toward China, generating a critical revenue stream for Tehran and helping Beijing build large crude stockpiles despite sanctions and heightened regional conflict.
Binance Flagged ‘Chinese Nexus’ in Web of Illicit Iranian Payments
Binance internal investigators identified VIP accounts they said helped channel more than $1 billion to wallets tied to Iran-linked entities, including one account registered to a 79-year-old Chinese resident and another linked to a suspected Iranian gold smuggler.
Tether’s Ascension in Crypto-Sphere Follows New Political Alliances
Tether is accelerating its push into the United States, betting that political support in Washington, deep Treasury holdings, and a growing investment portfolio will cement its place in mainstream finance.
OFAC Targets Hamas-Linked Charities, DPRK-Linked IT Worker Schemes
The U.S. Treasury Department on Thursday announced two new sanctions actions targeting financing and revenue-generation networks tied to Hamas and the Democratic People’s Republic of Korea.