By David Lawder and Ariane Luthi WASHINGTON/ZURICH, Feb 26 (Reuters) - The U.S. Treasury handed Swiss private bank MBaer Merchant Bank AG a potentially crippling blow on Thursday by threatening to sever its access to the U.S. financial system on the grounds it had breached sanctions against Iran, Russia and Venezuela. The Treasury alleged MBaer and ‌its employees had facilitated corruption linked to Venezuelan and Russian money laundering in addition to money laundering and terrorist financing on behal ...

WASHINGTON (AP) — The U.S. is moving to sever a small Swiss bank from access to the U.S. financial system for its alleged support for Iranian and Russian actors, as U.S. and Iranian officials hold indirect talks Thursday in Geneva over Tehran’s nuclear negotiations. Treasury’s Financial Crimes Enforcement Network proposed a federal regulation Thursday that, if finalized, would prohibit U.S. institutions from doing business with MBaer Merchant Bank AG, which has no relation to the larger Swiss bank Julius ...

Do you think Jeffrey Epstein was a spy. >> I believe very strongly he was a spy. Yes.>> And who do you think he was working for. >> The Israelis. I'm confident it was the Israelis.>> Why. >> Jeffrey Epstein is kind of the stereotypical example that they give you in training for what's called an access agent. This is a different kind of recruit.If you're a foreign intelligence service and you want information like close-in information from a former president, from the CEO of the biggest company in the world, ...

RT Blake Neff (@BlakeSNeff)Oregon in the current year: Tren de Aragua members abduct woman and torture her with a power drill to steal her debit card info, turn out to be living in a drug den that is listed as a “drug rehab facility” receiving $2.3 million/year in Oregon Medicaid funds. Owners have likely stolen more than $60 million by laundering it through Rwanda. The only local journalist covering the story says state officials are told directly about this and simply don’t care.Modern blue state America ...

FRANKFURT, Germany (AP) — German investigators searched the offices of Deutsche Bank, Germany's largest, on Wednesday in connection with an investigation into possible money laundering, officials said. Prosecutors in Frankfurt said that the probe focused on “unknown employees” and the bank's prior business relationships to foreign entities which were in turn suspected of being used to launder money. Offices were searched in Frankfurt, where the bank is headquartered, and in Berlin. The Frankfurt prosecuto ...

In the now-deleted video from Mallya's 70th birthday celebrations in London, Lalit Modi joked about the pair's status as the "two biggest fugitives" of India.Issuing an apology, Lalit Modi said in an X post, "I apologise if I have hurt anyone feelings, especially the "The statement was misconstrued and was never intended to be as played out," the founding commissioner of the Indian He concluded the post by offering "deepest" apologies.Live EventsThe apology came days after India said it is committed to bri ...

RT Shima 島。 (@MRShimamoto)Shibarium Bridge hacker foolishly chose not to accept the K9 bounty - it’s finally time to share the investigation we’ve been working on…🔎 this is juicy 🤤The hacker made one stupid mistake and it completely unravelled their Tornado Cash laundering. 💰🌪️💵That one mistake let me link:🔗 The original hack wallets🔗 Tornado withdrawal wallets🔗 And dozens of KuCoin deposit accounts, likely used by money mules👮🚨🚓When I first noticed this transfer I couldn't believe what I was seeing. Jackpo ...

Core Points - Switzerland's federal prosecutor has filed charges against Credit Suisse and UBS over the "tuna bonds" loan scandal that significantly impacted Mozambique's economy nearly a decade ago [1][2] - The charges include money laundering against an unnamed Credit Suisse employee, with accusations of "organizational deficiencies" in both banks that allowed wrongdoing to occur [2][5] - The scandal involved $2 billion in loans arranged by Credit Suisse for Mozambique, with funds misappropriated and kickbacks totaling at least $137 million [3][4] Summary by Sections - **Charges and Accusations** - The Swiss attorney general's office has accused Credit Suisse and UBS of failing to implement necessary organizational measures to prevent money laundering during 2016 [5] - UBS has stated it will vigorously defend its position against the attorney general's conclusions [2] - **Background of the Scandal** - The tuna bonds scandal originated from loans intended for government-sponsored projects, including maritime security and a state tuna fishery [2] - A contractor was found to have arranged significant kickbacks, including $50 million for Credit Suisse bankers [3] - **Regulatory Settlements** - Credit Suisse settled with US and UK regulators in 2021, paying $275 million to American authorities and £147 million to the UK's Financial Conduct Authority [4] - UBS agreed to settle with Mozambique in October 2023, just before a trial was set to begin in London [4] - **Impact on Credit Suisse** - Credit Suisse was sold to UBS in March 2023 amid a banking crisis, with UBS acquiring the bank for 3 billion Swiss francs [5][7] - The crisis of confidence in Credit Suisse was exacerbated by its largest shareholder, Saudi National Bank, ruling out further funding [6]

Core Insights - Financial regulators in South Korea have pressured Bithumb to suspend its Tether Market services, which allowed trading of Bitcoin and nine altcoins using USDT [1][5] - Bithumb announced the closure of the service on November 28 at 11am KST for system maintenance, aiming to reorganize for a more stable trading environment [2] - The decision to suspend the service may end Bithumb's order book sharing with international partners, as regulators are concerned about compliance with anti-money laundering obligations [2][6] Regulatory Scrutiny - The Financial Intelligence Unit (FIU) summoned Bithumb's CEO for questioning shortly after the launch of the Tether Market service, citing concerns over potential data leaks and money laundering risks [5] - The FIU conducted on-site inspections at Bithumb and other exchanges to assess compliance with money-laundering regulations [6][7] - An industry insider noted that order book sharing increases the risk of money laundering, making it a significant regulatory issue [6] Service Impact - All pending orders after the November 28 deadline will be automatically canceled, indicating a complete halt to the service [3] - Sources suggest that Bithumb has effectively abandoned its order book sharing service following intense regulatory pressure [3]

- At around 11:30 in the evening, they were all calling me, "Proceed to Bamban." I said, "What's happening?" "People are escaping." When we arrived there, I just informed my personnel to just draw their guns and make sure that nobody get out of the compound. - POGO stands for Philippine Offshore Gaming Operators. They offer gambling services online to people overseas, particularly in China.Many scam centers used POGOs as a front for human trafficking and money laundering. But the layers of lies and deceit i ...