Tech

“Mark Zuckerberg” — Alessio Jacona, via Flickr, licensed under CC BY-SA 2.0. Source: https://www.flickr.com/photos/blogs4biz/24602714914/ License: https://creativecommons.org/licenses/by-sa/2.0/

Widespread Chinese Ad Fraud is a Boon for Meta’s Bottom Line

The social-media giant Meta has tolerated widespread advertising fraud tied to Chinese customers in order to protect billions of dollars in revenue, even after internal teams repeatedly flagged the activity as problematic, Reuters reported. 

“David e Golia - Pescatore che stende le reti mentre la nave mercantile sosta al pontile.jpg” by PROPOLI87, via Wikimedia Commons Licensed under CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/ Source: https://commons.wikimedia.org/wiki/File:David_e_Golia_-_Pescatore_che_stende_le_reti_mentre_la_nave_mercantile_sosta_al_pontile.jpg

How Russia’s ‘Shadow Fleet’ Keeps the Oil Flowing

A Russian “shadow fleet” tanker sanctioned by the UK, EU and U.S. continued transporting oil in late 2025, underscoring what an investigation by Follow the Money describes as the limited impact Western measures have had on the cash flow Moscow earns from crude exports.

Image credit: “2025 07 22 Foreign Secretary David Lammy at NCA, London, with DG Rob Jones (54671721188)” by Foreign, Commonwealth & Development Office, via Wikimedia Commons, https://commons.wikimedia.org/wiki/File:2025_07_22_Foreign_Secretary_David_Lammy_at_NCA,_London,_with_DG_Rob_Jones_(54671721188).jpg, licensed under Creative Commons Attribution 4.0 International (CC BY 4.0).

UK to Take on Illicit Finance with New AI Tools, Facilitator Crackdown

The UK government is taking aim at corrupt bankers, lawyers, and accountants and deploying new tech tools to identify dirty money as part of a new strategy to root out tens of billions in illicit funds entering the country each year.

Image credit: Adapted from “People's Bank of China 20160428 092840” by David290, via Wikimedia Commons, https://commons.wikimedia.org/wiki/File:People%27s_Bank_of_China_20160428_092840.jpg, licensed under Creative Commons Attribution-ShareAlike 4.0 International (CC BY-SA 4.0). Changes were made.

China Signals Crypto Crackdown, Flags Stablecoins

China’s central bank has restated its hard line on cryptocurrencies, warning that a renewed wave of speculation is testing regulators and vowing tougher action against illegal activities involving stablecoins, according to Reuters.

Brazil Weighs Taxing Cross-Border Crypto Payments

Brazil’s government is weighing plans to tax the use of cryptocurrencies in international payments, targeting a fast-growing channel for moving money across borders, according to a Reuters report.

“Banco Central do Brasil” by Egil Fujikawa Nes for Connection Consulting, Flickr, CC BY 2.0. Edited from the original. License: https://creativecommons.org/licenses/by/2.0/ Photo: https://www.flickr.com/photos/connectionconsulting/4558286198

Brazil Imposes AML Rules on VASPs, Stablecoins

Brazil’s central bank unveiled long-awaited rules for virtual assets on Monday, extending anti–money laundering (AML) and counterterrorism financing (CTF) obligations to crypto firms and classifying fiat-pegged crypto transactions as foreign-exchange operations, Reuters reported.