Binance Flagged ‘Chinese Nexus’ in Web of Illicit Iranian Payments
Binance internal investigators identified VIP accounts they said helped channel more than $1 billion to wallets tied to Iran-linked entities, including one account registered to a 79-year-old Chinese resident and another linked to a suspected Iranian gold smuggler.
Halkbank Granted 90-Day Stay in U.S. Criminal Case Amid DPA Talks
A federal judge in Manhattan on Wednesday granted a 90-day pause in the criminal case against Turkey’s state-run Halkbank, a first step toward a possible dismissal of charges that the bank helped launder billions of dollars in Iranian oil and gas proceeds.
Senate Democrats Call for Hearing on OFAC’s Russian Oil Sanctions Waiver
Senate Democrats are pressing for a congressional hearing on the Trump administration’s decision to ease sanctions on Russian oil, arguing that the step could benefit Moscow even as the Kremlin is providing support for Iranian forces.
FinCEN Expands Southwest-Border Geographic Targeting Order
FinCEN said Tuesday it has expanded a geographic targeting order (GTO) along the Southwest border, extending the measure into New Mexico for the first time and adding Maricopa and Pima counties in Arizona.
DOJ Outlines Path to Non-Prosecution for Corporate Crimes
The Justice Department released its first department-wide corporate enforcement policy for criminal matters, establishing a uniform framework for how prosecutors handle corporate cases across the department, except antitrust matters.
China to Introduce Law Targeting Cross-Border Corruption
China said Monday it plans to enact a new law this year aimed at combating cross-border corruption, marking another stage in Beijing’s long-running anti-graft campaign.
FinCEN Hits Canaccord Genuity with $80-Million Penalty
FinCEN said on Friday it had assessed an $80-million civil penalty against Canaccord Genuity LLC over AML failures tied to suspicious trading in OTC securities.
SEC Drops Its Case Against Crypto Investor Justin Sun
The U.S. Securities and Exchange Commission (SEC) is dropping its civil-fraud case against crypto billionaire and World Liberty Financial investor Justin Sun.
Future of U.S. Crypto Bill in Doubt as Calendar Becomes ‘Enemy’
Efforts to pass proposed landmark legislation for the U.S. crypto market have stalled to the point that some question whether the measure could still get passed this year, even with White House support.
Ex-Star CEO Faces Millions in Fines for AML Lapses
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.