Epstein Files Shine a Rare Light on ‘Family Office’ Investments
A U.S. Justice Department release tied to the Jeffrey Epstein investigation has unexpectedly pulled back the curtain on “family offices”—the private, often home-office-style investment operations used by many of the world’s wealthiest families.
FinCEN Levies Sec. 311 Against Switzerland’s MBaer Bank
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on Thursday proposed a Section 311 “special measure” that, if finalized, would cut MBaer Merchant Bank AG off from the American financial system.
TFI’s Hurley to Exit After Objecting to Minneapolis Crackdown
A senior Treasury Department official is preparing to resign after privately raising objections to a White House-backed initiative aimed at alleged fraud tied to the Somali immigrant community in Minnesota.
OCC Proposes First Stablecoin Rules Under the GENIUS Act
The OCC proposed a regulatory framework to implement the GENIUS Act, outlining requirements for stablecoin issuers and for certain stablecoin-related custody activities.
Waste Crime Is Rising as Management Market Reaches $1.2tn in Value
Waste crime and trafficking is expanding globally, fueled by profit incentives in a fast-growing waste-management industry and compounded by major blind spots in official data, according to a newly released report by the UN Office on Drugs and Crime (UNODC).
Australia Has a Serious Coke Problem
Australia’s booming cocaine consumption among affluent professionals has helped turn the country into the world’s unlikely cocaine capital, fueling criminal networks linked to murder, human trafficking, and extortion.
Senator Launches Probe into Binance Following Reports of Iran Sanctions Busting
A senior U.S. senator has opened an inquiry into Binance seeking records on alleged transactions that funneled nearly $2 billion to Iran-linked terrorist organizations and other entities and payments that helped circumvent sanctions on Russian oil, Bloomberg said.
Cyber Sanctions Target Kremlin on Anniversary of Ukraine War
Western governments marked the anniversary of Russia’s full-scale invasion of Ukraine with new measures targeting the Kremlin’s revenue streams and enabling networks, despite stalled efforts by the EU to approve a broad sanctions package.
Sanctioned Sudanese Militant Linked to Four Dubai Properties
The head of Sudan’s Rapid Support Forces (RSF), Mohamed “Hemedti” Hamdan Dagalo, appears to own a portfolio of property in Dubai valued at approximately $1.7 million, according to new research by The Sentry.
White House May Task Banks with Reporting Client Citizenship Data
The White House may soon call on U.S. banks to collect and report citizenship data on their customers as part of the Trump administration’s crackdown on undocumented immigrants, according to new reporting by The Wall Street Journal.