Arrest of Venezuelan ‘Bag Man’ Alex Saab Seen as Key to Maduro Prosecution
Alex Saab, the businessman widely seen as the financial fixer for ousted Venezuelan President Nicolás Maduro, was charged with money laundering in federal court in Miami on Monday.
Iran’s Nobitex and Trump’s World Financial Share Some Controversial Friends
Iran’s largest cryptocurrency exchange has moved billions of dollars across two blockchains whose founders are among the most prominent backers of a digital currency venture co-founded by U.S. President Donald Trump and his family.
NCA’s New Call to Action: Help Stop Livestreamed Child Sex Abuse
Britain’s National Crime Agency on Monday launched its first joint initiative with the financial industry aimed at detecting and disrupting payments by U.K. offenders who pay facilitators overseas to livestream the sexual abuse of children.
OFAC Reaches $275mn Settlement with Adani, DOJ Drops Case against Founder
Indian conglomerate Adani Enterprises Ltd. has agreed to pay $275 million to settle U.S. allegations that it imported Iranian liquefied petroleum gas through a Dubai-based middleman while routing dollar payments through American banks, OFAC disclosed on Monday.
Thiel-Backed Erebor Seeks to Give Venezuela a Channel to U.S. Banking
Erebor Bank, a startup backed by billionaire Peter Thiel, has pitched senior Venezuelan officials on restoring the sanctioned country’s access to the U.S. financial system.
Federal Judge Blocks U.S. Sanctions against U.N. Special Rapporteur
A federal judge has blocked the Trump administration’s sanctions against a United Nations official who has called for war crimes charges against Israeli officials over their actions in Gaza, ruling that the penalties violated her free-speech rights.
Polish Lawmakers Pass MiCA Bill Amid Crypto Scandal Tied to Russia
Polish lawmakers on Friday approved a bill regulating cryptocurrencies as a scandal over the collapse of the country’s biggest crypto exchange widened and questions deepened over whether President Karol Nawrocki, who has twice vetoed similar measures, will sign it into law.
Iraqi Militia Commander Planned U.S. Attacks in Retaliation for Iran War: DOJ
Federal authorities Friday announced the arrest of a senior commander of the Iran-backed Iraqi militia Kata’ib Hezbollah, accusing him of directing nearly 20 terrorist attacks across Europe and Canada and plotting to strike Jewish institutions in New York, Los Angeles, and Scottsdale, Arizona.
Head of Canada’s FINTRAC Expected to Officially Step Down on Sunday
The head of Canada’s anti-money-laundering (AML) watchdog is stepping down as Ottawa overhauls its approach to fighting financial crime and braces for the results of an international audit of its controls.
FCA Chief Says Growing Tech Threats Will Force Agency to Triage
The chief executive of Britain’s Financial Conduct Authority (FCA) said the regulator will no longer be able to defend against every illicit-finance threat equally and must openly prioritize what it focuses on as technology-linked scams continue to rise.