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20th May 2021

U.S. waives sanctions on Nord Stream 2 as Biden seeks to mend Europe ties

The Biden administration waived sanctions on the company behind Russia’s Nord Stream 2 gas pipeline to Germany and its chief executive, Secretary of State Antony Blinken said on Wednesday, a move decried by critics of the project in Congress. A State Department report sent to Congress concluded that Nord Stream… Read More

12th May 2021

Hackers Find Easy Prey as U.S. Ignores One Warning After Another

The ransomware attack that shut down the nation’s biggest fuel pipeline prompted an all-too familiar question in the corridors of power in Washington and boardrooms across the country: Can anyone stop debilitating hacks? The assault on Colonial Pipeline Co. last week was a particular affront. Not… Read More

10th May 2021

Banking Is Center Stage as Iran Seeks Nuclear Deal That Delivers

Iran is pushing for its banking industry to be given guaranteed and conclusive sanctions relief at talks to restore the country’s nuclear deal with world powers. “The removal of sanctions against the central bank, Iranian banks, SWIFT, and any money transfer between them and major foreign correspondent banks, needs to… Read More

7th May 2021

Banks Seek Biden’s Aid After Trump’s 1,000-Sanctions-a-Year Pace

Wall Street firms have urged the Biden administration to ease the industry’s burden in complying with a flood of financial sanctions the U.S. has levied in recent years as a primary tool of foreign policy toward Russia, China, Iran and other adversaries. Financial services industry groups have asked for more… Read More

6th May 2021

Bankrolling Tyranny: The Tatmadaw’s Military-Run Business Empire

By Farley Sweatman, Strife, 5 May 2021 Strife — In the early morning of February 1, 2021, the Tatmadaw (the official name for the armed forces of Myanmar) staged a coup to reclaim its status as the sole source of political power in the country by… Read More

5th May 2021

Ukraine’s ‘Internal Threat’ On Blinken’s Plate After Naftogaz CEO Fired

When U.S. Secretary of State Antony Blinken visits Kyiv this week and meets with President Volodymyr Zelenskiy, he will seek to demonstrate strong Western support for Ukraine from the external threat of Russian aggression. Behind the scenes, however, there could be tension between the two over what Blinken often calls… Read More

4th May 2021

New Zealand: Crown says bundles of cash associated with cocaine syndicate

The only way to explain the large amounts of cash floating around a group of men visiting New Zealand is the importation of kilograms of cocaine, says the Crown. Aleksandr Cherushev, Patryk Lukasz Lukasik and Ryszard Wilk have denied charges including importing and supplying cocaine, conspiracy to supply, and… Read More

2nd May 2021

EU should impose anti-corruption sanctions on Russians, lawmakers say

The European Union should follow Britain’s example and impose new anti-corruption sanctions on Russians suspected of fraud and graft, the European Parliament said on Thursday in a resolution that reflected hardening attitudes to Moscow. Non-EU member Britain imposed sanctions on Monday on 14 Russians under a new law giving the… Read More

29th April 2021

U.S. government, industry push bitcoin regulation to fight ransomware scourge

Government and industry officials confronting an epidemic of ransomware, where hackers freeze the computers of a target and demand a payoff, are zeroing in on cryptocurrency regulation as the key to combating the scourge, sources familiar with the work of a public-private task force said. In a report on Thursday,… Read More

28th April 2021

Feds Arrest an Alleged $336M Bitcoin-Laundering Kingpin

For a decade, Bitcoin Fog has offered to obscure the source and destination of its customers’ cryptocurrency, making it one of the most venerable institutions in the dark web economy. Now the IRS says it has finally identified the Russian-Swedish administrator behind that long-running anonymizing system and charged him with… Read More

Must Read

EU Aims to Deny Tax Breaks to Multinationals With Shell Entities

U.S. Charges 138 Medical Workers for US$1.4 Billion Fraud

An overview of the use of cryptocurrencies in terrorist financing

India seizes $2.7bn of heroin from Afghanistan at port

Government-coordinated action needed as fraud losses rise by 30 per cent