News

Mexican President Claudia Sheinbaum requested that the U.S. Treasury Department supply her administration with more evidence to support the Financial Crimes Enforcement Network's designation of two banks and a brokerage in her country as conduits for cartel cash, the Guardian reported. More Mexican regulators will temporarily manage the three institutions, Reuters reported. More An investigation by the Financial Times found that a cryptocurrency exchange in Kyrgyzstan has moved more than $9 billion worth of A7A5, a ruble-pegged stablecoin launched by fugitive Moldovan oligarch Ilan Shor in partnership with Russia's Promsvyazbank in February as an alleged tool for evading Western sanctions....