Reported by Juan Manuel Cendoya In response to an article published in UK media on 4th February, Santander can say categorically that, after a thorough internal investigation, it has not found any direct nor indirect sanctions breach in any part of the group. We have distributed the following communication to our teams: As we informed […]
Reported by Dalton Bennett, Mary Ilyushina, Lily Kuo and Pei-Lin Wu It had been a busy year for the employees gathered in June for I Machine Technology’s corporate retreat at a resort on Russia’s Black Sea coast. With war raging in Ukraine, the Russian defense industry was hungry for the advanced manufacturing equipment the Moscow-based […]
Reported by Miles Johnson, Stephen Morris and Lucy Fisher Iran used two of the UK’s biggest banks to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran’s intelligence services. Lloyds and Santander UK provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based near Buckingham […]
Reported by Fenergo Fenergo, the leading provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management, released today its annual financial institution fines analysis, shedding light on fines imposed on in the United States. The study analyzed penalties imposed by US regulators from January to December 2023, discovering a 69% […]
Reported by Sarah Kent What do the new sanctions do? Though the US and UK banned direct imports of rough diamonds from Russia shortly after the war began, stones cut and polished elsewhere in the world had remained fair game — until now. But as of the start of January, EU and G7 countries have […]
Reported by PAOLO CONFINO JPMorgan Chase CEO Jamie Dimon is done talking about Bitcoin—again. In a CNBC interview from Davos, a visibly amused Dimon declared he was swearing off opining about the crypto currency. When asked about the new Bitcoin ETF the Securities and Exchange Commission approved last week, Dimon interrupted CNBC host Andrew Ross Sorkin, also of The […]
Reported by HELEN PARTZ Major stablecoin firm Tether has responded to a United Nations (UN) report highlighting the alleged involvement of its Tether USDT $1.00 stablecoin in illicit activity. On Jan. 15, the Southeast Asia and the Pacific division of the UN Office for Drugs and Crime (UNODC) issued a report on the use of cryptocurrencies in […]
Reported by Scott Chipolina Tether, one of the world’s largest cryptocurrency platforms, has emerged as one of the leading payment methods for money launderers and fraudsters operating in south-east Asia, the UN has warned. According to a report published on Monday by the UN’s office on drugs and crime, Tether’s crypto token, also known as […]
Reported by Rich Stanton The US Securities and Exchange Commission (SEC) has approved Bitcoin exchange-traded products (ETPs) following years of opposition—though not without stern warnings about the “myriad risks” of investing in cryptocurrency. The news was greeted with enthusiasm by crypto-lovers and has led to a minor spike in Bitcoin’s value, with one Bitcoin being worth around $44,000 […]
Reported by Margot Patrick bc They looked like ordinary tourists with very big bags. But like a network of ants, they carried off tens of millions of dollars in cash from London to Dubai. British crime fighters cracked a money-laundering network that they say moved more than £100 million, equivalent to $125 million. A London […]
Financial Crime News Briefs 