Reported by Rebecca Burns A corporate lobbying group backed by Koch Industries is quietly pressing the Democratic New York governor Kathy Hochul not to sign a landmark transparency bill unmasking the owners of shell corporations involved in financial crimes, wage theft and tenant abuses. High-profile real estate donors to Hochul’s campaign also oppose new disclosure requirements for […]
Reported by Robert Anello In the wake of Russia’s invasion of Ukraine, long-standing economic sanctions have been reinvigorated, with the U.S. committing significant efforts and resources to aggressive sanctions enforcement relating, in particular, to Russian oligarchs. One weapon recently added to the Department of Justice’s arsenal is a little-noticed program enacted in the closing days of 2022. The […]
Reported by ANDY GREENBERG HAMAS’ ATTACKS AGAINST Israel on October 7 have shifted the geopolitical landscape and triggered a looming Israeli ground assault in the Gaza Strip. Now the ripple effects are reaching the cryptocurrency industry, where they’ve become the United States Department of the Treasury’s rallying cry for a crackdown on cryptocurrency anonymity services. The US Treasury’s […]
Reported by OLIVER DALE A bipartisan group of over 100 lawmakers is pressuring the Biden administration to address the growing use of cryptocurrencies to finance terrorist activity. This comes after recent reports found the Palestinian militant group Hamas received tens of millions in crypto donations in recent years. The legislators, led by Senators Elizabeth Warren (D-MA) and […]
Reported by Ukrainska Pravda This week, the Group of Seven (G7) countries will discuss four options for sanctions against Russian diamonds to deprive Russia of an important source of income that helps finance the war against Ukraine. At the meeting of technical representatives of the G7, the participants will discuss four proposals on sanctions against […]
Reported by Benjamin Weinthal The Hamas war against Israel is slated to be given a potent shot in the arm if the U.S. and its European allies allow U.N. sanctions to be lifted on Iran’s capability to purchase and supply missiles to enemies of the U.S. and Israel, according to experts on Tehran. This coming […]
Reported by Mayela Armas, Matt Spetalnick and Marianna Parraga Venezuela’s government and opposition plan to resume long-suspended talks on Tuesday, and Washington is ready to ease sanctions if President Nicolas Maduro commits to an internationally monitored election next year, multiple sources said on Monday. The U.S. has long said it would lift some sanctions in […]
Reported by Katherine Doty Hanniford, Paul Monnin, and Albert Stieglitz, Jr. On September 29, 2023, the U.S. Securities and Exchange Commission (SEC) announced enforcement actions against five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated investment advisers for what the SEC described as “widespread and longstanding failures to maintain and preserve electronic […]
Reported by Agency Staff Hamas, sanctioned as a terrorist organisation by the US, Britain and other countries, had increasingly used cryptocurrencies, credit cards or contrived trade deals to avoid mounting international restrictions, said Matthew Levitt, a former US official specialised in counterterrorism. “Hamas has been one of the more successful users of crypto for the financing […]
Reported by TOI STAFF The Israel Defense Forces on Thursday demolished a pizzeria in the northern West Bank town of Huwara after it posted an ad online that included a photo of an elderly Israeli Holocaust survivor who was taken hostage by terrorists in Gaza. The ad, posted to the establishment’s Facebook page, featured an […]
Financial Crime News Briefs 