Peter Mandelson Faces Anti-Fraud Probe Over Epstein Revelations
Peter Mandelson is facing scrutiny from the EU anti-fraud office after the European Commission asked investigators to examine his conduct during his tenure as the bloc’s trade commissioner.
Family of U.N. Official Sue U.S. in Fight Against Controversial SDN Sanctions
The family of Francesca Albanese, the U.N. special rapporteur for Palestine, sued President Trump and senior U.S. officials on Wednesday, challenging sanctions imposed on her over her advocacy for the prosecution of Israeli leaders and international companies connected to the war in Gaza.
OFAC Blacklists Five Nicaraguan Officials for Alleged Abuses of Power
The U.S. on Thursday blacklisted five senior Nicaraguan officials for their alleged role in helping Nicaragua to consolidate authoritarian power through financial controls, labor policy, surveillance, and military intelligence operations.
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.