The Chinese app DeepSeek will be removed from all IT systems due to national security concerns. The Department of Homeland Security (DHS) has banned the artificial intelligence (AI)…
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Treasury Department Imposes Penalties on Bank of America for Processing Sanctions Evasions and Money Laundering
The fine is the third-largest in U.S. history. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced penalties of over $1.21 billion against Bank of America for violating…
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Treasury Secretary Provides Update on Operation Economic Outcast
He projected that the Iranian regime will make its final oil delivery to China within two weeks. Treasury Secretary Scott Bessent stated that his department’s Operation Economic Outcast…
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President Trump Plans Formation of “AI Force“
He also intends to appoint an AI czar to oversee artificial intelligence policy. President Donald Trump announced that he will form an artificial intelligence (AI) force and appoint…
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OFAC Disrupts Digital Asset Exchange Supporting Iran
The Justice Department has also targeted cryptocurrency proceeds from black-market sales of sanctioned Iranian crude oil and petroleum. The Treasury Department’s Office of Foreign Assets Control designated BitBank, a…
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President Trump Discusses the Future of AI Development
He stated, “Whoever wins AI wins.” President Donald Trump addressed growing concerns being voiced about artificial intelligence and the resistance to data centers being developed across the nation.…
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Treasury Secretary Discusses Outcome of G20 Finance Meeting
He addressed the lone dissent of China from the consensus on the economic imbalance caused by cheap exports. Treasury Secretary Scott Bessent attended the G20 Finance meeting in…
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DOJ and FBI Seize Platforms of Chinese State-Sponsored Hackers
Agencies combat Chinese company accused of hacking into American software. The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) announced the court-authorized domain seizures of two Chinese-sponsored hacking platforms, QScan and QTRouter, that…
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HSI Investigation Leads to Voter Fraud Charges Against Chinese National
Foreign nationals from several other countries have also been charged with illegally voting in federal elections and making false statements while applying for U.S. citizenship. A U.S. Immigration and Customs…
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White House Reports China Dodging Tariffs through Transshipment
The report estimates billions in federal revenue lost because of “China’s Shadow Transshipment Network.” The White House has released a report, titled “The Great Transshipment Scam,” that accuses China of shipping goods to third-party countries…
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