Trump Sues JPMorgan, Jamie Dimon over Alleged ‘Woke’ Debanking
President Donald Trump sued JPMorgan Chase and CEO Jamie Dimon on Thursday, alleging the bank closed his and related entities’ accounts for political reasons following the Jan. 6, 2021 riots at the U.S. Capitol, CNBC reported.
Airwallex Faces AML Audit over Concerns of Child Sex Abuse Funding
Australia’s financial intelligence unit has ordered Singapore-based Airwallex to review whether the payments giant has violated the nation’s anti-money laundering (AML) laws.
OFAC Levies Sanctions on Hamas-Linked Charities
The U.S. is targeting Hamas’ covert support network, including six Gaza-based nonprofits that purportedly masquerade as medical charities while supporting the Palestinian group’s militant wing.
Brazil Justice Freezes Nelson Tanure’s Assets in Banco Master Investigation
Brazil’s Supreme Court has ordered the assets of veteran entrepreneur Nelson Tanure to be frozen as part of an investigation into failed lender Banco Master SA, according to a January 6th decision seen by Bloomberg.
How a U.K. Loophole Hands the Kremlin Tens of Millions of Pounds Each Month
A senior Labour lawmaker is urging the British government to close a sanctions loophole that allows jet fuel and other refined oil products derived from Russian crude oil to enter the U.K., Politico reported.
Once Championed by Industry, Sweeping Crypto Bill Draws Criticism from All Sides
Major U.S. crypto companies and lobbyists are turning against a sweeping digital-asset bill they had championed, threatening efforts to lock in a regulatory framework while Republicans still control Congress.
Senator Seeks Info on $378mn in BNY Wire Transfers Tied to Epstein
Sen. Ron Wyden, the top Democrat on the Senate Finance Committee, is pressing Bank of New York Mellon Corp. for details about $378 million in wire transfers the bank processed involving accounts linked to Jeffrey Epstein, according to a Bloomberg report.
Trump Moves U.S.-Controlled Venezuelan Oil Money to Qatar
The Trump administration’s first sale of Venezuelan oil under a new arrangement is valued at $500 million, with much of that money being held in a U.S.-controlled bank account in Qatar, according to Semafor.
Stepping Back from Military Threats, U.S. Imposes Fresh Sanctions on Iran
The White House imposed new sanctions on Iran even as the Trump administration appeared to step back from its threat of military action in response to Tehran’s ongoing crackdown on Iranian protestors, according to The Wall Street Journal.
U.S. Justice Department Closes Swedbank Case without Enforcement
The U.S. Department of Justice has closed its anti-money laundering (AML) investigation into Swedbank AG without bringing an enforcement action, according to the Swiss lender.