In a significant shift towards potential deregulation, last week the U.S. Treasury Department under Secretary Scott Bessent issued a draft term sheet which was circulated to financial regulators across the country, proposing a potentially major overhaul of current anti-money-laundering (AML) enforcement protocols. The proposed plan leans towards the Treasury taking a more central role in […]
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In yet another escalation of the Trump Administration’s war on transnational crime, the U.S. Department of the Treasury has unleashed a fresh wave of sanctions targeting the notorious Venezuelan gang Tren de Aragua (TdA). The organization, which emerged from the irreputable depths of Venezuela’s Tocorón prison in the early 2010s, has since extended the reach […]
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With the United States and many of its international allies imposing staunch sanctions on the Democratic People’s Republic of Korea (DPRK) related to the country’s increasingly destabilizing activities (including its nuclear and ballistic missile programs and human rights abuses over the past decade), North Korea has developed into a hub for state-sponsored sanctions evasion activity […]
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