NEWS: Drug gang using Chinese money brokers uncovered, Italian police say

Regulatory Watch News

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  New York City Mayor Eric Adams charged with bribery, wire fraud, solicitation of contribution by a foreign national

  Southern District of New York

  September 26, 2024

  SDNY attorney general: Adams 'abused' privilege of public office to serve 'highest' bidder

  Damian Williams called Eric Adams’s alleged misconduct a “grave breach of the public’s trust” and vowed to continue to investigation to “hold more people accountable”

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  Treasury Takes Coordinated Actions Against Illicit Russian Virtual Currency Exchanges and Cybercrime Facilitator

  OFAC

  September 26, 2024

  WASHINGTON — Today, the U.S. Department of the Treasury is undertaking actions as part of a coordinated international effort to disrupt Russian cybercrime services. Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing an order that identifies PM2BTC—a Russian virtual currency exchanger associated with Russian individual Sergey Sergeevich Ivanov (Ivanov)—as being of “primary money laundering concern” in connection with Russian illicit finance. Concurrently, the Office of Foreign Assets Control (OFAC) is sanctioning Ivanov and Cryptex—a virtual currency exchange registered in St. Vincent and the Grenadines and operating in Russia. The FinCEN and OFAC actions are being issued in conjunction with actions by other U.S. government agencies and international law enforcement partners to hold accountable Ivanov and the associated virtual currency services.

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  Financial sanctions update: Russia

  OFSI

  September 26, 2024

  On 26 September 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. The following entries have been added to the Russian financial sanctions regime and are now subject to an asset freeze and trust services sanctions:

  • OCEAN SPEEDSTAR SOLUTIONS OPC PVT LTD (Group ID: 16570)
  • WHITE FOX SHIP MANAGEMENT FZCO (Group ID: 16571)

  OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes.