Stablecoins: The Crypto of Choice for Sanctions Dodgers and Large-Scale Launderers
Stablecoins have become both core crypto “plumbing” and a key rail for the most consequential forms of crypto-enabled crime, with illicit activity increasingly concentrated in a handful of large, sanctions-linked networks.
Florida Officials Put Sanctions Pressure on Businesses with Cuban Ties
South Florida Republican officials are pressing for tougher scrutiny of businesses that send goods or provide services linked to Cuba, the Miami Herald reported.
Tariffs and Complex Rules are Driving Demand for Trade-Compliance Experts
Businesses attempting to navigate the shifting shoals of international tariffs, sanctions, and export controls are increasingly turning to trade-compliance professionals for guidance.
Binance Said to Fire Staff Who Found Iran Moved $1bn Through Exchange
Binance fired members of its internal compliance investigations team after they raised concerns that Iran-linked entities may have moved more than $1 billion through the crypto exchange, according to new reporting by Fortune.
Hurley Set to Exit Treasury Amid Dispute over Sanctions Policy
The top Trump administration official leading U.S. sanctions policy and the nation’s financial intelligence unit is set to exit the role amid friction with his boss, Treasury Secretary Scott Bessent.
UK Weighs More Russia Sanctions after Probe Finds Navalny Killed by Poison
The UK is mulling fresh sanctions against Moscow after Britain and four European allies concluded that Russian opposition leader Alexei Navalny most likely died from poisoning arranged by the Kremlin.
OFAC Clears Way for New Oil-and-Gas Projects in Venezuela
The U.S. Office of Foreign Assets Control (OFAC) on Friday issued a general license clearing the way for certain large oil companies to invest in new operations in Venezuela.
Is Elon Musk’s X Violating U.S. Sanctions on Iran? The Blue Checkmarks Say ‘Yes’
Elon Musk’s social-media company, X, appears to have violated U.S. sanctions by selling “Premium” subscriptions to accounts linked to Iranian government officials and state entities, according to a Tech Transparency Project (TTP) report.
FinCEN Launches New Whistleblower Portal
The Financial Crimes Enforcement Network (FinCEN) has launched a dedicated portal to accept whistleblower tips on money laundering, fraud, and sanctions violations, the U.S. Treasury Department announced on Friday.
Athletics Academy Violated Sanctions by Taking Drug Money
A Florida company that offers elite sports training will pay $1.72 million to settle potential civil liability for allowing the children of suspected Mexican drug traffickers to take part in its programs.