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The case shows that even a small investment through an overseas subsidiary can expose a U.S. parent to substantial penalties. Treasury fined Amidi more than twice the underlying investment’s value for a missed notification, underscoring the need for investors and counsel to identify covered transactions across foreign funds and subsidiaries, document their diligence and meet filing deadlines—even when an investment is permitted.
The USTR inquiry opens a potential new front in U.S.-EU trade tensions just as Brussels considers extending CBAM from basic metals to hundreds of downstream steel- and aluminum-intensive products. European Commission President Ursula von der Leyen’s decision to offer exporters a one-year reprieve from separate EU methane requirements signals some willingness to ease climate-related trade rules as compliance and energy costs become acute.
The U.S. trade deficit widened for a second month in August as imports climbed to a record $420.8 billion, propelled by capital goods and industrial supplies, while exports posted a smaller increase.
Another former TD Bank branch employee has pleaded guilty to taking bribes to help launder millions of dollars to Colombia, extending a series of prosecutions that has targeted tellers, retail employees and an assistant branch manager while producing no criminal charges against senior bank executives.
The withdrawals reflect Treasury’s broader shift toward easing digital asset regulation, giving greater weight to financial privacy and compliance costs despite documented use of mixers in illicit finance. Alongside the department’s removal of Tornado Cash sanctions, the move signals a retreat from some preventive measures aimed at cryptocurrency abuse. FinCEN nevertheless says it will continue monitoring mixers and may act against illicit activity.
Foreign bribery enforcement remains active across multiple jurisdictions, with hundreds of investigations pending and exposure extending to companies, individuals, and related accounting and money-laundering offenses, according to the OECD’s enforcement report covering 1999 through 2025.
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