Texas Attorney Sanctioned Over AI-Generated Citations in Filing
According to Bloomberg Law, a Texas attorney was sanctioned for including inaccurate citations generated by artificial intelligence in a motion filing, according to a Texas state judge. Lawrence Chang must pay $2,000 in attorneys’ fees and expenses to opposing counsel at Rusty Hardin & Associates LLP and write a letter outlining where his AI use erred […]
Canada Hits Cryptomus with C$177 Million Fine For Sanction Evasion and Money Laundering
Cryptomus, a cryptocurrency exchange based in British Columbia, has been fined a record C$176.96 million (USD 126.2 million) by Canada’s Financial Transactions and Reports Analysis Center (FINTRAC). This penalty marks the largest fine ever issued by FINTRAC and is a direct result of the exchange’s failure to comply with anti-money laundering (AML) and sanctions regulations. […]
EU sanctions state-linked Chinese oil companies over Russia war support
The European Union has sanctioned two mainland Chinese oil refineries and one Hong Kong-based oil trader as part of its latest efforts to hobble Russia’s war economy, drawing a stern rebuke from Beijing. The companies were listed in a broader package of sanctions agreed by the EU’s 27 member states on Thursday morning, punishing in […]
US puts two major Russian oil companies on sanctions list
A statement from the US Department of Treasury reported that this step was taken due to Russia’s lack of serious commitment to a peace process to end the war in Ukraine. The statement noted that Russia’s two major oil companies, Rosneft and Lukoil, were added to the sanctions list, and that these companies’ subsidiaries were […]
EU adopts new sanctions against Russia
The new package of sanctions substantially increases the pressure on the Russian war economy, targeting key sectors such as energy, finance, the military industrial base, special economic zones, as well as enablers and profiteers of its war of aggression. According to EU, a total ban on Russian Liquefied Natural Gas (LNG) and a further clamp-down […]