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Citi was money launderers' favourite bank, US law enforcement officials say – Financial Times

Get your free copy of Editor’s Digest FT editor Roula Khalaf picks her favourite stories in this weekly newsletter. Senior U.S. law enforcement officials say drug traffickers chose to launder their money through Citigroup because they considered the bank’s less strict anti-fraud measures “preferable.” In an indictment unsealed last week, U.S. prosecutors detailed how two […]

Supreme Court claws back SEC’s enforcement powers

The Supreme Court on Thursday struck down an internal system the Securities and Exchange Commission (SEC) used to seek civil fraud penalties, stripping the SEC of its authority. The ideologically-aligned 6-3 ruling finds unconstitutional the SEC’s internal administrative tribunal, a key tool it has used to enforce securities laws, and the Biden administration has warned […]

Cherry pick reveals Biden’s true colors on law enforcement

Look not at what they say, but at what they do, so you can see what they mean and what they intend to do. Using this measure, we can infer what the Biden administration intended when they adopted it. Tyler Cherry A graduate in gender studies, LinkedIn Profile — Excelling in “thought leadership and brand […]

Biden’s EPA funding groups that oppose immigration enforcement

The Biden administration quietly diverted $50 million in taxpayer funds that were meant for clean energy to two groups that oppose immigration enforcement. The U.S. Environmental Protection Agency has selected the New York Immigration Coalition and the New Jersey Immigrant Justice Alliance as partners to allocate $50 million of the $3 billion set aside for […]