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U.S. seizes millions in cryptocurrency meant for terror groups

The Justice Department announced Thursday it had seized millions of dollars’ worth of cryptocurrency meant to fund terrorist groups such… Read More

U.S. regulators issue guidance on AML enforcement actions

Federal banking regulators on Thursday clarified that they generally do not issue cease-and-desist orders for minor deficiencies in a bank’s anti-money-laundering program or isolated violations of Bank Secrecy Act rules. In a joint statement, the Federal Reserve, Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and National… Read More

Luxury homes tie Chinese communist elite to Hong Kong’s fate

Li Qianxin, the elder daughter of the Chinese Communist Party’s No. 3 leader, has quietly crafted a life in Hong Kong that traverses the city’s financial elite and the secretive world of Chinese politics. For years, she has mingled with senior executives of state companies through Hong Kong and mainland… Read More