INSIGHT: AI can help tackle ML, lower transaction costs but comes with ‘significant risks,’ warns Yellen

Regulatory Watch News

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  Justice Department Charges 12 Chinese Contract Hackers and Law Enforcement Officers in Global Computer Intrusion Campaigns

  US Department of Justice

  March 5, 2025

  Chinese Law Enforcement and Intelligence Services Leveraged China’s Reckless and Indiscriminate Hacker-for-Hire Ecosystem, Including the ‘APT 27’ Group, to Suppress Free Speech and Dissent Globally and to Steal Data from Numerous Organizations Worldwide. The Justice Department, FBI, Naval Criminal Investigative Service, and Departments of State and the Treasury announced today their coordinated efforts to disrupt and deter the malicious cyber activities of 12 Chinese nationals, including two officers of the People’s Republic of China’s (PRC) Ministry of Public Security (MPS), employees of an ostensibly private PRC company, Anxun Information Technology Co. Ltd. (安洵信息技术有限公司) also known as “i-Soon,” and members of Advanced Persistent Threat 27 (APT27).

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  Treasury Targets Houthi Leaders Involved in Smuggling and Procuring Weapons

  OFAC

  March 5, 2025

  WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action against seven high-ranking members of Ansarallah, commonly known as the Houthis. These individuals have smuggled military-grade items and weapon systems into Houthi-controlled areas of Yemen and also negotiated Houthi weapons procurements from Russia. OFAC is also designating one Houthi-affiliated operative and his company that have recruited Yemeni civilians to fight on behalf of Russia in Ukraine and generated revenue to support the Houthis’ militant operations.

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  Greece: EPPO brings 100 suspects to court for €2.9 million fraud involving agricultural funds

  European Public Prosecutor's Office

  March 5, 2025

  (Luxembourg, 5 March 2025) – The European Public Prosecutor’s Office in Athens (Greece) has filed indictments in the Court of First Instance of Athens against a total of 100 suspects of fraud involving agricultural funds, for an overall damage of €2.9 million to the EU budget.    At issue are three indictments filed in the past months, following investigations into schemes to defraud the EU of subsidies for the use of pastureland.