Trump’s Crypto Firm Struck Deal with Network Tied to Blacklisted Scam Group
World Liberty Financial, the Trump family-linked crypto venture, announced a deal in November to enable its USD1 stablecoin on a crypto network whose flagship resort project was controlled by two men the U.S. government had sanctioned weeks earlier as alleged operatives of an Asian scam ring.
Julius Baer Ordered to Rehire Staffer Who ID’d Potential Sanctions Violations
A German labor court has ruled that Julius Baer Group’s Frankfurt arm wrongly dismissed a manager who had raised internal concerns about alleged sanctions violations linked to the onboarding of clients from Iran and Russia.
Australian Gatekeepers to Face Massive Fines for Ties to Criminal Groups
Accountants, lawyers and real estate agents in Australia will face multimillion-dollar fines for assisting the illicit tobacco trade under a sweeping expansion of anti-money-laundering and counterterrorism financing laws taking effect on July 1.
Sarkozy Takes Stand in Libya Funding Appeal
Former French president Nicolas Sarkozy returned to the witness stand on Wednesday in his appeal against a conviction for illegally accepting Libyan funds for his 2007 presidential campaign, contradicting two sworn statements from his onetime right-hand man, Claude Guéant.
U.S. Mint Bought Gold Mined by Blacklisted Drug Cartel
The United States Mint has for years purchased gold originating from illegal mines controlled by a Colombian drug cartel, violating a federal law requiring that its coins be made from newly mined American gold.
Italian Asset Manager Ordered to Replace CEO, Board over AML Violations
The Bank of Italy has flagged money-laundering risks at DeA Capital Real Estate SGR and is demanding a remedial plan, a new business strategy, and a sweeping overhaul of the asset management firm’s leadership.
Russia-DPRK Alliance Poses Growing Threat to Sanctions Enforcement
A deepening military and economic partnership between North Korea and Russia is systematically undermining the international sanctions architecture built over decades to constrain Pyongyang, while fueling a conventional arms buildup that raises the risk of war on the Korean Peninsula.
‘Father’ of Catalan Nationalism Deemed Unfit for €290mn Corruption Trial
A Spanish court has declared former Catalan leader Jordi Pujol, 95, unfit to stand trial in a long-running corruption case alleging his family concealed as much as €290 million in illicitly obtained wealth in Andorra
Web of Shell Firms Tie Trump Operative to Russian Money in Albanian Politics
A network of shell companies tied to sanctioned Russian oligarch Oleg Deripaska helped finance an Albanian conservative party’s hiring of a former Donald Trump campaign operative ahead of Albania’s 2017 general election.
EU Anti-Fraud Office Launches Formal Probe of Peter Mandelson
The European Union’s anti-fraud office has opened a formal investigation into Lord Peter Mandelson, the bloc’s former trade commissioner and recently dismissed British ambassador to Washington, over alleged misconduct during his four years in Brussels.