Future of U.S. Crypto Bill in Doubt as Calendar Becomes ‘Enemy’
Efforts to pass proposed landmark legislation for the U.S. crypto market have stalled to the point that some question whether the measure could still get passed this year, even with White House support.
Ex-Star CEO Faces Millions in Fines for AML Lapses
Star Entertainment’s ex-chief executive Matthias Bekier and former in-house lawyer Paula Martin breached their directors’ duties during the casino operator’s “Chinese money-laundering era”, the Australian Federal Court found.
U.S. Threatens Venezuela’s New Leader with Criminal Charges
The Trump administration is drafting a criminal indictment to potentially accuse Venezuelan interim President Delcy Rodriguez of corruption and money laundering.
When a U.S. Anti-Bribery Law Is a Statecraft Weapon, Not a Domestic Deterrent
Washington is increasingly turning U.S. anti-corruption enforcement into an instrument of economic statecraft—a shift that threatens to undercut decades of American efforts to fight illicit activity abroad.
U.S. Military’s Growing Drug War Lands in Ecuador
The United States and Ecuador have begun joint military operations in the South American nation against “designated terrorist organizations,” the Pentagon said Tuesday night.
Stablecoins Now Commonly Used in Illicit Finance, FATF Warns
The Financial Action Task Force (FATF) said that stablecoins are now commonly used in money laundering, terrorist financing, and proliferation financing schemes, and warned that peer-to-peer transfers via unhosted wallets represent a key vulnerability for the crypto ecosystem.
UK Oversight of Professional Services Falls Short on Enforcement
The UK’s current system of supervisors overseeing the anti-money-laundering (AML) programs of law firms, accountancies, and other professional bodies is failing to take “sufficiently dissuasive disciplinary measures” against those that fail to meet compliance standards, according to a new report.
Panel Probing Malaysia’s MACC ‘Mafia’ Set to Release Findings
Malaysian Prime Minister Anwar Ibrahim said a special committee investigating anti-graft chief Azam Baki’s shareholdings is expected to release its findings soon, Bloomberg said.
Kyrgyzstan Poised to Challenge EU Over Potential Russia Sanctions
Kyrgyzstan is prepared to take the European Union to court if Brussels imposes sanctions on the Central Asian state over allegations it has helped funnel restricted goods to Russia.
U.S. Slaps Sanctions on Rwanda Months After Ballyhooing Peace Accords
The U.S. Treasury Department on Monday imposed sanctions on Rwanda’s military and four senior officials, accusing them of backing the March 23 Movement (M23) armed group in eastern Democratic Republic of the Congo (DRC).