Reported by Alexander Osipovich Early one morning in August 2023, federal agents swept into Roman Storm’s home in a wooded suburb of Seattle to arrest him at gunpoint. The 35-year-old software developer is set to go on trial this summer in a case that cryptocurrency advocates consider a key test for the legal treatment of […]

Reported by Riah Pryor (Summarized version featured below) Nearly 50 UK art businesses were named by HM Revenue & Customs (HMRC) for failing to comply with anti-money laundering (AML) regulations, with penalties issued between January and September 2024. Among those fined were prominent galleries like Opera and Carl Kostyál, as well as a White Cube […]

Opinion Reported by The Editorial Board – Wall Strret Journal Judge a sanctions campaign by its targets. The Biden Administration, which allowed Iran’s oil exports to soar from 300,000 barrels a day in 2020 to 1.7 million a day in 2024, played whack-a-mole sanctioning front companies for PR purposes. On Thursday, by contrast, the Trump […]

Reported by Selam Gebrekidan and Joy Dong (Summarized version featured below) The article exposes a vast and sophisticated money-laundering network that enables online scammers to steal billions of dollars and funnel the funds into the global economy. Based in Cambodia, this illicit operation thrives in cities like Phnom Penh and Sihanoukville, where fraudsters operate from call centers […]

Reported by Richard Vanderford Aggressive use of export controls, especially those aimed at hemming in China, will likely continue under President Trump, a top export control official under former President Joe Biden said. An increased push for export controls that began in Trump’s first term accelerated under Biden, and there is unlikely to be a major shift […]

Reported by Emily Crane (Summarized version featured below) Eugene Henley Jr., known as “Big U,” a prominent music executive credited with helping launch Nipsey Hussle’s career, has been indicted alongside 17 members of the Rollin’ 60s Neighborhood Crips on federal racketeering charges. Prosecutors allege that Henley operated a vast criminal enterprise, the “Big U Enterprise,” […]

Reported by Louis Thompsett (Summarized version featured below) Anti-money laundering (AML) solutions have become a necessity in today’s financial world as criminal networks find increasingly sophisticated ways to hide illicit funds. Financial institutions face heavy regulatory scrutiny, with billions in AML-related fines issued annually. Beyond financial penalties, banks risk reputational damage and potential loss of […]

Reported by Benjamin Weiser (Summarized version featured below) Nadine Menendez, wife of former U.S. Senator Bob Menendez, is set to stand trial in March 2025 on charges of bribery and corruption. These charges are part of a broader investigation that previously led to the conviction of her husband. The couple is accused of accepting substantial […]

Reported by Nina Siegal (Summarized version featured below) The Van Gogh Museum’s role in authenticating artworks has come under scrutiny as collectors, such as Stuart Pivar, challenge its authority. Pivar, a seasoned art collector, claims to own a lost van Gogh painting, Auvers, 1890, but the museum rejected his claim, leading him to file a […]

Reported by Allie Grace Garnett (Summarized version featured below) Pump-and-dump schemes and crypto rug pulls are deceptive practices that exploit investors by artificially inflating the value of assets before orchestrating a rapid sell-off, leaving unsuspecting investors with significant losses. In a pump-and-dump scheme, fraudsters collaborate to “pump” up the price of an asset through misleading […]