A U.S. law shaping financial intelligence and AML oversight
Binance has disclosed a security breach that has led to an estimated $6.3 billion of user funds being taken. Stablecoin issuers and partners have frozen roughly $2.5–3 billion while Binance and U.S. agencies are tracing assets. The exchange has suspended withdrawals and said it will cover customer losses.
Crypto billionaires Ben Delo and Christopher Harborne have poured tens of millions into Reform UK, promising a “fair fight” and backing ahead of the next general election. The gifts come amid ongoing police and parliamentary investigations into party funding and donor disclosure.
Donors Ben Delo and Christopher Harborne have pledged record sums to Reform UK, aiming to level the playing field ahead of the next general election. The support follows investigations into Reform’s finances and questions about foreign donations, with the party insisting donations are for a party ready for government.
The US Treasury has assessed $1.2bn in civil penalties against Bank of America for failing to timely report more than $5bn in suspicious transactions, including over $1bn that posed national-security and high-priority risks. The OCC added a $750m penalty; OFAC settled for $11.6m. BofA has said the charge will reduce third-quarter earnings by about 17 cents per share.