U.S. Drug Prosecutions Fall to Decades Low as Money-Laundering Cases Plummet: Report
U.S. federal prosecutions for drug crimes have fallen to their lowest level in decades this year after the Trump administration redirected agents to immigration enforcement, according to a Reuters analysis.
Chinese Crypto-Launderer Pleads Guilty in London Court
A woman accused of running a multibillion-pound investment fraud in China has pleaded guilty in London to laundering bitcoin linked to the scheme.
UK’s HRMC Steps Up AML Enforcement in Art Sector
The UK art market is coming under sharper scrutiny from HM Revenue & Customs (HMRC), which has intensified enforcement of anti–money laundering rules.
UBS to Pay Nearly $1 Billion for Alleged Role in French Tax Evasion
UBS Group AG will pay €835 million ($985.6 million) to resolve a yearslong case in France over allegations the Swiss bank helped wealthy clients evade taxes.
U.S. Blacklists Wife of Brazilian Judge Who Oversaw Bolsonaro Case
The Trump administration has imposed sanctions on Viviane Barci de Moraes, the wife of Brazilian Supreme Court justice Alexandre de Moraes, escalating a confrontation over the judge’s handling of cases against former president Jair Bolsonaro.
Singapore Convicts Two in Wirecard Forgery Case
A Singapore court on Monday convicted two businessmen of falsifying documents that misled auditor EY into believing Wirecard held substantial cash in Singapore bank accounts.
FinCEN to Delete Ownership Info on U.S. Companies from CTA Registry
FinCEN Files investigation revealed how U.S. banks helped move illicit money worldwide, U.S. authorities are rolling back key reforms enacted in its aftermath, sparking alarm among transparency advocates.
HK Regulator Bans Ex-Citi Asia Equities Head for Poor Compliance
Hong Kong has banned Richard Charles Heyes, Citigroup’s former head of pan-Asia equities, from re-entering the financial industry for five years after finding him liable for regulatory breaches.
UK Sanctions Target Russia’s Shadow Fleet and Weapons Programs
The United Kingdom imposed a new package of 100 sanctions aimed at curbing Russia’s ability to finance and sustain its war against Ukraine.
EU Weighs Sanctions on Chinese Refineries Linked to Russia
The European Commission is preparing to target several independent Chinese refineries in its forthcoming sanctions package against Russia, Reuters reported, citing unnamed EU officials.