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On December 14th, a political funds income and expenditure report revealed that at least five branches of the Liberal Democratic Party (LDP) in Mie, Osaka, Yamaguchi, Nagasaki, and Kagoshima prefectures used political funds to pay for entertainment venues such as bars and nightclubs. In 2023, these expenditures totaled approximately 1.11 million yen (about 50,000 yuan). According to regulations, LDP branches are not required to record single political fund expenditures of less than 50,000 yen (about 2,264 yuan), suggesting the actual amount of political funds involved in the alleged misuse may be higher. In response to the allegations, the Osaka branch claimed the expenditures were "intended to create a smooth communication environment." The Mie and Nagasaki branches stated they would strengthen their management.On December 14th, the U.S. Department of Defense announced that two U.S. Army soldiers and one civilian translator were killed and three others wounded in an attack in Syria on December 13th. The Department of Defense stated that the attack was carried out by militants from the extremist group ISIS, and the attackers were killed. In response, U.S. President Trump stated that retaliatory action would be taken. Also on December 13th, Nourdin Baba, a spokesman for the Syrian transitional governments Interior Ministry, said that the gunman who attacked a joint Syrian-U.S. patrol in Homs province in central Syria was a Syrian security officer who may have held extremist views.On December 14th, local time, Ukrainian President Volodymyr Zelenskyy stated that Ukraine is preparing for meetings with the United States and European allies in the coming days. He will travel to Berlin to meet with US and European representatives to discuss "building the foundations of peace." Zelenskyy stated that this series of consultations is "decisive" for Ukraine, and that Ukraines core objective is "to achieve a decent and just peace." Earlier that day, Germany announced that it would host a US and Ukrainian delegation on the 14th to hold talks on issues such as the Russia-Ukraine ceasefire and to prepare for the summit of European leaders, including Zelenskyy, to be held in Berlin on the 15th. According to previous reports, US Presidential Envoy Witkov and former White House senior advisor Jared Kushner have already departed for Germany to meet with Zelenskyy and other European leaders.On December 14th, Hungarian Prime Minister Viktor Orbán stated on the 13th that if the EU were to utilize frozen Russian assets, it would trigger serious problems. Orbán explained that, firstly, such a move would erode public trust in European trustees; secondly, the Russian central bank has filed a lawsuit against the European Clearing Bank (ECB), which holds a large amount of frozen Russian assets, potentially putting the ECB under pressure to repay its debts. Furthermore, given the enormous sums involved, the economy of Belgium, where the ECB is located, could face collapse.The Ukrainian POW Reconciliation Center reports that Belarus has transferred 114 civilians to Ukraine, including Ukrainian and Belarusian citizens.

U.S. crypto exchange Kraken suspected of violating sanctions

Jimmy Khan

Jul 27, 2022 11:55

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Cryptocurrency exchange Kraken is under federal investigation for potential violation of U.S. sanctions by allowing users in Iran and elsewhere to buy and sell digital tokens, the New York Times reported, citing people with knowledge of the matter.


The U.S. Treasury Department’s Office of Foreign Assets Control has been investigating Kraken since 2019 and is expected to impose a fine, according to the report. 


Kraken said it does not comment on specific discussions with regulators, while a Treasury spokesperson declined to comment.


Privately held Kraken is the latest cryptocurrency company to come under the regulatory scanner, as the rapidly growing industry gets caught in the crosshairs of the federal government.