Top art galleries fined for money-laundering failures
Prominent art-market players including the White Cube gallery, which represents Tracey Emin and Damien Hirst, have been fined by the UK tax authority for failing to comply with money-laundering rules.
JD Supra3d
The Tornado Cash Delisting And Sanctions Compliance Implications For Crypto
On 21 March 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed Tornado Cash, a ...
JD Supra18h
New Office of Financial Sanctions Implementation Financial Services Threat Assessment
On 13 February 2025, the Office of Financial Sanctions Implementation (OFSI) published its assessment of suspected sanctions breaches ...
The Law Society Gazette4d
Sanctions, class actions and regulations
A recent securities class action filed in the US against a Kazakh bank suggests that investors may be able to bring claims ...
Insurance Business America9d
Kroll report warns of rising crime risks
Financial crime risks are expected to increase in 2025, according to a report by Kroll. The findings indicate that ...
Explainer-What happens if the Trump administration doesn't comply with a court order?
Several federal judges have claimed the administration of U.S. President Donald Trump has failed to comply with court orders ...
Compliance Week3d
Treasury reversal of OFAC sanctions against Tornado Cash signals eroding AML scrutiny
The U.S. Treasury Department lifted its sanctions against cryptocurrency mixer Tornado Cash on Friday after a federal appeals ...