Rwanda Threatens to End Islamic State Fight Over U.S. Sanctions Row
Rwanda has threatened to withdraw its troops from northern Mozambique, where they have spent the past five years containing Islamic State-linked militants, after the U.S. imposed sanctions on Kigali over its alleged support for the M23 insurgency in neighboring Congo.
Malta Isn’t Ready to Let the EU Take the Reins on Crypto Supervision
Malta is mounting an unusually public fight against a European Union push to centralize crypto supervision, arguing the move would strip the island-nation of oversight over major digital-asset firms it helped attract and regulate.
OFAC Warns on Sham Transfers in Sanctions-Evasion Schemes
The U.S. Treasury Department’s Office of Foreign Assets Control on Tuesday issued new guidance warning that sham transactions used by sanctioned individuals and entities to disguise continuing control over assets do not extinguish a blocked interest in property under U.S. sanctions rules.
Iran Wages Cyber Campaign Against Israeli and U.S. Firms and Civilians
Tehran has intensified cyber attacks against Israel and the United States in response to the Iran war, using operations designed to spread fear, gather intelligence, and support military targeting.
Ex-Malaysian PM Razak Ordered to Pay $1.3 Billion to 1MDB Unit
A Malaysian court on Tuesday ordered jailed former Prime Minister Najib Razak to pay $1.3 billion to SRC International, a former unit of scandal-linked state fund 1MDB, after finding him liable for losses incurred by the company.
Hungary Secretly Worked with Russia to Water Down EU Sanctions
Hungary’s foreign minister privately shared sensitive European Union discussions with Russia and worked with Moscow to try to remove sanctioned Russian individuals, banks, and companies from EU blacklists.
Hungary Continues to Fall Short on Investigating Fraud, EU Data Shows
Hungary has recovered and returned less than a fifth of EU funds flagged for potential fraud over the past decade, according to data from the bloc’s anti-fraud watchdog reported by the Financial Times.
Trial Begins in France for Alleged ‘Magnitsky Affair’ Money Launderer
The trial of Russian businessman Dmitry Klyuev, accused by French prosecutors of laundering proceeds of the $230 million Magnitsky Affair fraud through luxury purchases in France, opened in Paris on Monday.
FTC Tells Payment Processors that ‘Debanking’ Could Lead to Penalties
The Federal Trade Commission has warned four of the largest payment processors against denying customers access to financial services because of their political or religious views.
U.S. Senators Want to Blacklist Hungarian Officials Holding Up Ukraine Aid
A bipartisan pair of U.S. senators is set to introduce legislation that would seek sanctions on senior Hungarian officials involved in blocking aid to Ukraine and maintaining the country’s reliance on Russian energy.