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A Miami-area cryptocurrency broker faces a federal money laundering conspiracy charge over his alleged role in a Russian network that converted drug proceeds into cryptocurrency and bank payments through an international system of brokers and cash couriers.
The Federal Communications Commission is seeking comment on whether satellite and earth station applicants should certify compliance with U.S. export controls, maintain supporting records, and disclose related federal reviews in transactions involving foreign ownership. The proposals would expressly connect FCC licensing with obligations under the International Traffic in Arms Regulations (ITAR) and Export Administration Regulations (EAR).
President Trump directed Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer to negotiate agreements addressing wind-turbine imports, adding a trade measure to his administration’s efforts to restrict wind development.
The Treasury Department has proposed expanding restrictions on U.S. investment in sensitive foreign technologies, with consequences for technology companies, private investment funds, multinational businesses and drug developers. The October 22 proposal would broaden existing controls on semiconductors, artificial intelligence and quantum technologies while adding biotechnology, hypersonic systems and additional high-performance computing activities.
The OCC has completed its prudential rule, but Treasury and banking regulators are still defining the new illicit-finance framework. Existing obligations remain enforceable.
The removals unwind sanctions imposed in 2021 on Chinese animation businesses and an intermediary accused of supporting North Korea’s SEK Studio, and on a Belarusian executive designated for acting on behalf of state oil and chemical concern Belneftekhim.
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