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 […]
Reported by Angus Berwick The U.S. last year sanctioned a Moscow-based crypto exchange to stymie Russian efforts to evade the financial blockade imposed after the invasion of Ukraine. A year on, the exchange is booming. Despite its place on the U.S. blacklist, which restricts transactions with sanctioned entities, Garantex has become a major channel through which Russians move […]
Reported by Alan Rappeport On Thursday morning, the Group of 7 pledged to be tougher in enforcing measures it had taken to pressure Russia’s economy, saying it was “committed to countering any attempts to evade and undermine our sanction measures.” As part of that toughened approach, the United States imposed sanctions on two shipping companies […]
Reported by Chen Aizhu and Muyu Xu China has reaped savings this year of nearly $10 billion through record purchases of oil from countries under Western sanctions, according to Reuters’ calculations based on data from traders and shiptrackers. An unintended consequence of sanctions imposed by the United States and others on Russia, Iran and Venezuela […]
Reported by Johnny Harris Is your “Extra Virgin Olive Oil” a lie concocted by the Italian mafia? Olive oil has been adored by people for millennia. It’s like the perfect food, it’s healthy and delicious. But there is also a darker side to it, a side that involves widespread corruption and Italian Mafia bosses. Watch […]
Reported by Kelby Vera Caroline Ellison took the stand against former FTX billionaire and ex-boyfriend Sam Bankman-Fried in a New York court on Tuesday, offering damning testimony on the fifth day of his fraud trial. “Sam directed me to commit these crimes,” she said. He “directed us to take customer money to pay loans.” Ellison served as […]
Reported by Steven Stradbrooke Binance’s history of facilitating transactions with both Iran and Hamas will increase the exchange’s ‘crypto’ pariah status and doom any chance of negotiating a favorable legal settlement with U.S. authorities. The world is still struggling to grasp the full ramifications of last weekend’s surprise attack on Israel by the Hamas terror […]
Reported by Reuters The Palestinian group Hamas’s surprise assault on Israel Saturday and Israel’s retaliation have killed more than 1,100 people and focused attention on the Iran-backed Islamist group. U.S. Secretary of State Antony Blinken said on Sunday that Iran has not yet been able to spend a single dollar of the $6 billion in funds that […]
Financial Crime News Briefs 