Here’s a recent video from the most expensive supermarket in Russia where Sanctions have no impact courtesy of Thomas Moore (via @tomfromtx of TikTok). In this store, you will find Coca-Cola, Fanta, American candies, Swiss chocolates, and every beer from the European Union. No rebranding was made to sell these goods in Russia.
Reported by Olivia Dakeyne, Associate Director of Insight, Themis According to Global Canopy, US$6.1 trillion in funding was provided to the 350 companies with the greatest risk exposures to tropical deforestation by some 150 financial institutions in 2023. This is bad news for the financial sector—and the world at large—since deforestation is responsible for a […]
Reported by Matthew Erskine Many families have legacy family real estate – a primary residence, a vacation home or a condominium in Florida. Often, these properties are passed down from one generation to another by gifts in trusts or other entities, either during the owner’s lifetime or at their death. Now, those transfers may trigger […]
Reported by Aniruddha for The Associated Press. Gregory Stachel adapted it for VOA Learning English. A major property investor in Vietnam, Truong My Lan, is on trial over an accusation of fraud amounting to $12.5 billion. That is nearly 3 percent of the country’s 2022 total economic production and the largest financial fraud case on […]
Reported by Ian Talley The U.S., Israel and more than a dozen allies created a task force on terror financing following Hamas’s Oct. 7 attack on Israel. Since then, they have used sanctions to target Hamas financiers, currency exchanges and corporate networks, as well as offering multimillion-dollar bounties for information on financial facilitators. But now, more […]
Reported by Robert A. Johnston Jr., Melissa L. Wiley, Paula A. Ladd, and Samantha Sigelakis-Minski On Friday, March 1, 2024, U.S. District Court Judge Liles Burke ruled that the Corporate Transparency Act (CTA)1 is unconstitutional because Congress exceeded its powers to regulate interstate commerce, oversee foreign affairs and national security, and impose taxes. See Nat’l Small Business […]
Reported by the Federal Bureau of Investigation The following are some of the most common scams and crimes that the FBI encounters, as well as tips to help prevent you from being victimized. Visit the Bureau’s White-Collar Crime and Cyber Crime webpages for information on more fraud schemes. Originally published on: https://www.fbi.gov/how-we-can-help-you/scams-and-safety/common-scams-and-crimes
Reported by LEO SCHWARTZ As the legal debate continues over whether sales of cryptocurrencies constitute securities, all eyes have been on a court case involving a Coinbase employee sharing insider information with his brother and a friend. While the main defendant, former Coinbase employee Ishan Wahi, and his brother have reached settlements with both the […]
Reported by David Sheppard, Chris Campbell and Peter Andringa Crashing through car-sized chunks of Arctic sea ice in the face of whirlpool-like currents and near-endless darkness, two specialist heavy transport vessels made a journey few dare to brave: traversing the Northern Sea Route in the depths of winter. Philip Adkins, a former Hollywood banker who was […]
Reported by DEBORAH LEHR On February 23, a day before the second anniversary of the invasion of Ukraine and a week after the suspected murder of Alexei Navalny, President Joe Biden imposed over 500 new sanctions targeting “Russia’s war machine”. Unfortunately, this strengthened sanctions regime is undermined by a major oversight: the exemption of the American art […]
Financial Crime News Briefs 