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🎯 UK’s Travel Rule Troubles Showcase Global Challenge for Crypto. U.K. crypto firms have just days to comply with new anti-money laundering requirements – but they are seeking more guidance given patchy implementation of the controversial FATF rule between jurisdictions. CoinDesk
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💥 Russia prepares decree to unfreeze and swap assets with foreign investors. Russian authorities are working on a draft presidential decree to give the country's retail investors a way to unblock their frozen assets held in overseas accounts and sell them to foreign parties. Reuters
💥 Arm's China relationship complicates IPO. Scattered throughout the hundreds of pages of Arm's prospectus are details of the company's labyrinthine relationship with China, its second-largest market. Reuters
💥 More than 300 people charged in Covid fraud sweep targeting $830 million in stolen money. In one case, 30 members of a street gang in Wisconsin allegedly used money from an unemployment fraud scheme to solicit murder for hire and purchase firearms and drugs. CNBC
💥 Regulator's review of over 30 Swiss banks finds shortcomings in money-laundering controls. Switzerland’s financial markets authority says an in-depth review of more than 30 banks conducted this spring found that “a large number” failed to meet basic requirements for analyzing the risk of money laundering. ABC News
💥 Tornado Cash Devs Charged With Helping Hackers Launder $1B, Including Infamous North Korean Attacks. The mixer, which obfuscates the origin of funds transacted through it, was sanctioned last year by the U.S. Treasury Department's Office of Foreign Asset Control. CoinDesk
💥 Lazarus hackers readying to cash out $41 million in stolen crypto. Cryptocurrency companies are advised to analyze the blockchain data linked to key addresses and exercise caution in preventing transactions involving them. Bleepingcomputer
💥 Biden administration in talks with Venezuela to trade sanctions relief for a free election. Outside factors such as oil prices, U.S. detainees in Venezuela, and pressure from Congress could incentivize the Biden administration to negotiate. The Hill
💥 Is China flooding Europe with fake biofuels? European biofuel producers have come under significant price pressure as Chinese companies inundate the second-generation biofuel market with their cheaper products. DW
💥 New Sanctions on Lebanon’s Former Central Bank Governor Likely Bring Frozen Assets to at Least $200 Million. The US, Canada, and UK imposed the latest sanctions on Salame and his associates on Aug. 10, shortly after the 73-year-old stepped down from his 30-year tenure at the Banque du Liban amid a flurry of corruption probes. OCCRP
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