Transactional & Behavioral

China has launched the biggest overhaul of its cross-border tax and capital-controls regime in decades, threatening three popular offshore brokers with at least $330 million in penalties, vowing stricter bank oversight, and ramping up private pressure on the country’s wealthiest citizens.

The U.S. Commodity Futures Trading Commission is investigating a surge of more than $800 million in oil futures trades that occurred moments before President Trump announced on social media that he was postponing strikes on Tehran’s energy infrastructure.

Canada’s financial intelligence agency has issued a bulletin warning banks and other institutions to be on alert for money laundering linked to an escalating extortion campaign targeting South Asian diaspora communities, particularly in British Columbia, Alberta, Manitoba, and Ontario.

Iran is seeking to collect transit tolls from oil tankers passing through the Strait of Hormuz in cryptocurrency, a move that could deepen the role of digital assets in the country’s sanctions-hit economy.

Digital money transfers have overtaken cash for the first time in the U.S.-to-Mexico remittance corridor, marking a shift in the world’s largest flow of cross-border family payments and intensifying pressure on traditional cash-based providers.

Once celebrated as a philanthropist and real estate magnate, Cambodian tycoon Chen Zhi built a web of political influence and banking relationships that helped shield what authorities now describe as a vast transnational scam and gambling syndicate.

The U.S. Justice Department is investigating Iran’s use of Binance to evade U.S. sanctions, according to new reporting by The Wall Street Journal. 

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.

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.

The European Public Prosecutor’s Office (EPPO) is facing a sharp rise in suspected fraud linked to the EU’s pandemic recovery fund, with estimated losses tied to the program approaching €5 billion, Follow the Money reported, citing figures in the office’s annual report released Monday.