U.S. Charges 777 Partners Co-Founder Over Alleged $500-Million Fraud
Federal prosecutors on Thursday unsealed an indictment charging Josh Wander, co-founder of collapsed investment firm 777 Partners, with wire fraud, securities fraud and conspiracy, alleging he fabricated financial records and misled lenders and investors in a scheme worth up to $500 million. The 17-page filing in Manhattan federal court says Wander used bogus documents and […]
UK Hits Rosneft, Lukoil and 51 Oil Tankers with Sanctions
Britain imposed new sanctions Wednesday on Russia’s two largest oil producers, Rosneft and Lukoil, and 51 ships, including 44 “shadow fleet” tankers and seven LNG vessels, Reuters reported.
U.S. and UK Blacklist Pig-Butchering Scammers, Seize $15 Billion in Bitcoin
U.S. and UK authorities seized roughly $15 billion in Bitcoin and multiple London properties allegedly linked to a sprawling online fraud scheme based in Cambodia.
The Hold-Up on Revolut’s UK Banking License: Risk-Control Worries
UK regulators are holding up Revolut’s full banking license amid concerns that the fintech firm’s risk controls are not scaling fast enough with its rapid overseas growth, the Financial Times reported.
EU Lawmakers Move to Scale Back ESG Directives
European Union lawmakers voted Monday to dramatically scale back two flagship sustainability rules, narrowing their scope to the bloc’s largest companies after months of pushback from industry, Bloomberg reported.
Bessent Says FinCEN’s New SAR Guidance Will Ease ‘Pain Points’ for Banks
U.S. Treasury Secretary Scott Bessent said new federal guidance on Suspicious Activity Reports (SARs) is intended to ease banks’ “pain points” and shift U.S. anti-money laundering oversight toward measurable effectiveness.
Blacklisted by Biden, Paraguay’s Ex-President See Sanctions Lifted by Trump
The United States has removed former Paraguayan president Horacio Cartes from its sanctions list, a shift that comes amid warmer ties between the Trump administration and President Santiago Peña’s conservative government, Bloomberg reported.
In Blow to Moscow, OFAC Imposes Sanctions on Serbia’s Main Oil Supplier
The United States has imposed sanctions on the Russia-controlled Petroleum Industry of Serbia (NIS), prompting warnings from Serbian President Aleksandar Vučić of “unforeseeable” consequences for the Balkan nation ahead of winter, the Associated Press reported.
Consumer Data Giant’s Russian Subsidiary Expands Business in Occupied Ukraine
NIQ, the world’s largest consumer-data provider, has been conducting business in occupied Ukraine despite international sanctions against the Russian Federation, the Financial Times reported.
British Man Pleads Guilty in New York to $99 Million Wine Fraud
A British national pleaded guilty on Tuesday in Brooklyn federal court for his role in a fraud scheme that took nearly $100 million from victims who funded loans to fake wine collectors, Reuters said.