China Sanctions Mike Gallagher who Exposed Dangerous CCP Plot in 2024
RegtechTimes
by Mayur Joshi
40m ago
China has banned former U.S. lawmaker Mike Gallagher from entering the country and taken other measures in response to his words and actions that “interfered in China’s internal affairs,” the foreign ministry said on Tuesday. From Tuesday, the ministry said, China will also freeze Gallagher’s assets in the country and ban organisations and individuals there from trading and cooperating with him. It did not go into further detail on what Gallagher had said or done. In April, Congressman Mike Gallagher wrote in Foreign Affairs that “the [Chinese Communist Party] has no desire to coexist indefi ..read more
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Turkey’s New Spy Bill Sparks Press Freedom Concerns
RegtechTimes
by Ruta Kulkarni
4h ago
The Turkish government is working on a controversial new spy bill that has drawn comparisons to Russia’s stringent foreign agent law, raising alarms about potential severe restrictions on freedom of expression. The proposed legislation, reported by the Ankara-based Anka News Agency, threatens imprisonment for individuals working on behalf of foreign entities perceived to oppose Turkish state interests. Broad and Vague Definitions Pro-government newspaper Yeni Şafak disclosed that the spy bill aims to combat “influence agents” accused of spreading anti-Turkey propaganda, particularly on social ..read more
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Ellsworth Guilty in $60M Tax Fraud Scandal , Filed Over 500 False Returns
RegtechTimes
by Purva Paranjape
4h ago
The admission that Arizona tax preparer Kent Ellsworth accepted a guilty plea for his role in a countrywide illegal tax shelter scam is a significant development in the ongoing fight against tax evasion. The IRS and the Department of Justice have won a major battle in this case as they continue to hunt down individuals who want to compromise the integrity of the tax system. Inside Ellsworth’s Tax Shelter Scheme Ellsworth Stauffer P.C., a tax return preparation company, was run by Kent Ellsworth from 2017 to 2023. At this time, Ellsworth played a major role in an abusive trust tax shelter opera ..read more
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Reproductive Health Clinics Targeted : DOJ Files Lawsuit Against Obstructionists
RegtechTimes
by Purva Paranjape
4h ago
The United States Department of Justice has brought a federal lawsuit in the Northern District of Ohio against two organizations and seven individuals for preventing access to reproductive health treatments, marking a significant judicial step. A federal statute known as the Freedom of Access to Clinic Entrances (FACE) Act is allegedly violated in this complaint. It was created to shield those who provide and seek reproductive health care services from coercion, threats, and physical impediments. Allegations of Physical Obstruction of Reproductive Health Clinics The case names seven people: La ..read more
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Cracking Down on Greenwashing : CFTC’s Fight for Integrity in Carbon Markets
RegtechTimes
by Ruta Kulkarni
4h ago
The Commodity Futures Trading Commission (CFTC) has launched a comprehensive campaign to address the pervasive issue of greenwashing within the voluntary carbon markets. Greenwashing refers to the deceptive practices employed by entities to overstate their environmental credentials or misrepresent the sustainability of their products and services. This crackdown by the CFTC marks a significant stride in its overarching mission to uphold transparency and integrity in financial markets. Investigating Deceptive Practices A commissioner at the CFTC disclosed that the agency is actively probing int ..read more
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Turkey’s New Spy Bill Sparks Press Freedom Concerns
RegtechTimes
by Ruta Kulkarni
5h ago
The Turkish government is working on a controversial new spy bill that has drawn comparisons to Russia’s stringent foreign agent law, raising alarms about potential severe restrictions on freedom of expression. The proposed legislation, reported by the Ankara-based Anka News Agency, threatens imprisonment for individuals working on behalf of foreign entities perceived to oppose Turkish state interests. Broad and Vague Definitions Pro-government newspaper Yeni Şafak disclosed that the spy bill aims to combat “influence agents” accused of spreading anti-Turkey propaganda, particularly on social ..read more
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Taiwanese Mastermind behind Incognito Market, A $100 Million Dark Web Platform Arrested in US
RegtechTimes
by Ruta Kulkarni
5h ago
Rui-Siang Lin, also known as Ruisiang Lin, 林睿庠, Pharoah, and faro, was apprehended at John F. Kennedy Airport on May 18 in connection with his alleged operation of “Incognito Market,” a major dark web narcotics marketplace. Lin, 23, from Taiwan, is accused of facilitating anonymous global transactions of illegal narcotics through this platform. He is scheduled to appear before U.S. Magistrate Judge Willis in Manhattan federal court later today. In response to the arrest, U.S. Attorney General Merrick B. Garland said, “Drug traffickers who think they can operate outside the law on the dark web ..read more
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US Crackdown: Aziz Ahmed Sanctioned Due to Corruption in Bangladesh
RegtechTimes
by Mayur Joshi
7h ago
The United States has taken a decisive step against corruption in Bangladesh by imposing sanctions on former General Aziz Ahmed, who previously held the prestigious position of Chief of the Bangladesh Army Staff. This move, announced on Monday by State Department Spokesperson Matthew Miller, underscores the U.S.’s commitment to promoting transparency and accountability in governance worldwide. Gen. Aziz Ahmed: A Case of Corruption Gen. Aziz Ahmed’s tenure as the Chief of Army Staff was marred by allegations of corruption and abuse of power. His involvement in corrupt practices has been highlig ..read more
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Devastating Impact of US Sanctions: 25-Year-Old Helicopters Led to Iran’s Presidential Tragedy
RegtechTimes
by Mayur Joshi
9h ago
The tragic helicopter crash that claimed the life of Iranian President Ebrahim Raisi has reignited discussions about the broader impact of US sanctions on Iran, particularly on its aviation industry. The incident occurred on a Bell 212 helicopter, a US-manufactured model that ceased production in 1998. The crash, which happened in northwest Iran, has been partly attributed by former Iranian officials to the longstanding sanctions imposed by the United States. The Incident On a foggy Sunday, President Raisi, along with several senior officials, was on board a Bell 212 helicopter that was forced ..read more
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4 Indian Nationals Exploit U-Visa Loopholes in Chicago
RegtechTimes
by Ruta Kulkarni
9h ago
U-Visa fraud is at the center of a striking case where six individuals, including four Indian nationals, have been indicted by a federal court for orchestrating armed robberies in Chicago and its suburbs. The objective was to exploit a U.S. immigration program designed to assist victims of specific crimes. The four Indian nationals, Bhikhabhai Patel, Nilesh Patel, Ravinaben Patel, and Rajni Kumar Patel, allegedly collaborated with Parth Nayi and Kewong Young to become “victims” of these staged robberies, enabling them to apply for U nonimmigrant status, commonly known as U-visas. Understanding ..read more
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