Iran’s Nobitex and Trump’s World Financial Share Some Controversial Friends
Iran’s largest cryptocurrency exchange has moved billions of dollars across two blockchains whose founders are among the most prominent backers of a digital currency venture co-founded by U.S. President Donald Trump and his family.
OFAC Reaches $275mn Settlement with Adani, DOJ Drops Case against Founder
Indian conglomerate Adani Enterprises Ltd. has agreed to pay $275 million to settle U.S. allegations that it imported Iranian liquefied petroleum gas through a Dubai-based middleman while routing dollar payments through American banks, OFAC disclosed on Monday.
U.S. Extends Sanctions Waiver for Russian Seaborne Petroleum
The Trump administration has extended a controversial waiver on sanctions targeting Russian seaborne oil and other petroleum products after letting it expire two days earlier.
Thiel-Backed Erebor Seeks to Give Venezuela a Channel to U.S. Banking
Erebor Bank, a startup backed by billionaire Peter Thiel, has pitched senior Venezuelan officials on restoring the sanctioned country’s access to the U.S. financial system.
Federal Judge Blocks U.S. Sanctions against U.N. Special Rapporteur
A federal judge has blocked the Trump administration’s sanctions against a United Nations official who has called for war crimes charges against Israeli officials over their actions in Gaza, ruling that the penalties violated her free-speech rights.
Iraqi Militia Commander Planned U.S. Attacks in Retaliation for Iran War: DOJ
Federal authorities Friday announced the arrest of a senior commander of the Iran-backed Iraqi militia Kata’ib Hezbollah, accusing him of directing nearly 20 terrorist attacks across Europe and Canada and plotting to strike Jewish institutions in New York, Los Angeles, and Scottsdale, Arizona.
German Banks Step Up Account Freezes of Russian and Belarusian Clients
Multiple major German banks have abruptly frozen the accounts of Russian and Belarusian nationals living in Germany, demanding fresh proof of residency and leaving long-term customers without access to their money.
EU Ministers Clear Way for Sanctions against Israeli Settlers Tied to Attacks
European Union foreign ministers have agreed to impose sanctions on Israeli settlers over violence against Palestinians as well as on members of Hamas, breaking a months-long deadlock after Hungary’s new government lifted a veto put in place under former Prime Minister Viktor Orban.
FinCEN Warns on IRGC’s Use of Front Companies, Stablecoins, and Facilitators
The U.S. Treasury Department on Monday issued an alert urging financial institutions to step up their detection of money laundering, sanctions evasion, and digital-asset transfers tied to Iran’s Islamic Revolutionary Guard Corps (IRGC).
Monaco Fines UBS €6 Million for Broad AML and KYC Failures
Monaco’s financial markets watchdog has fined UBS €6 million for “numerous serious breaches” in anti-money-laundering and counterterrorism financing controls.