Cryptocurrencies
Banco Master handled R$2.8 bi in exchanges for PCC-linked firm
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Banco Master, formerly known as Máxima, conducted remittances of US$531 million, equivalent to R$2.8 billion, to One World Services (OWS), a firm probed for money laundering for the PCC and Hezbollah. The deals took place from December 2018 to April 2021, showing signs of documentation flaws. The bank reached an agreement with the Central Bank, closing the administrative probe without acknowledging wrongdoing.
Caroline Ellison, once a key figure in the FTX cryptocurrency empire, has been freed from federal custody after serving roughly 14 months of a two-year sentence for her role in a massive fraud. The 31-year-old, who led FTX's trading arm and was romantically linked to founder Sam Bankman-Fried, cooperated extensively with prosecutors against her former partner. Her release marks a quiet close to one of the biggest financial scandals in US history.
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Seven senior Labour MPs have called on the UK government to prohibit political donations made in cryptocurrency, citing risks to democratic integrity. They argue that such transactions are difficult to trace and could enable foreign interference. The push comes amid government plans to address the issue, though a full ban may not arrive in time for upcoming legislation.