NEWS: OFSI highlights sanctions red flags for UK art dealers

Regulatory Watch News

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  United States Announces $36.5 Million Settlement Of Medicare Fraud Lawsuit Against Matrix Medical Network

  United States Attorney Office -Southern District of New York

  June 3, 2026

  United States Attorney for the Southern District of New York, Jay Clayton, and Special Agent in Charge of the New York Regional Office of the U.S. Department of Health and Human Services, Office of Inspector General (“HHS-OIG”), Naomi Gruchacz, announced that the United States has settled a civil healthcare fraud lawsuit against COMMUNITY CARE HEALTH NETWORK, LLC, D/B/A MATRIX MEDICAL NETWORK (“MATRIX”), a health services company headquartered in Nashville, Tennessee, that contracts with Medicare Advantage Organizations (“MAOs”) to perform in-home health assessments of Medicare patients.  The settlement resolves claims that MATRIX violated the False Claim Act by causing the MAOs to submit to the Government false and invalid patient diagnoses for certain chronic conditions, thereby artificially inflating the Medicare payments the MAOs received for providing insurance coverage to patients enrolled in their plans. The Government alleges that MATRIX focused on reporting diagnoses that could lead to higher payments for its client MAOs, instead of ensuring that all of its diagnoses were appropriate and well-supported.

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  Economic Fury Targets Iran’s Largest Digital Asset Exchange for Terror Finance and Sanctions Evasion

  OFAC

  June 3, 2026

  WASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Nobitex, Iran’s largest digital asset exchange, along with three other Iranian digital asset exchanges, as part of Economic Fury and the Trump Administration’s efforts to eliminate the threat posed by the Iranian regime. “While Iran’s economy is in free fall, the regime has chosen to co-opt digital asset technologies for its own corrupt agenda, including evading sanctions and transferring wealth out of the country.  Iran’s current economic chaos is proof that President Trump’s maximum pressure campaign has been a success,” said Secretary of the Treasury Scott Bessent.  “As promised, Treasury will continue to follow the money in support of Economic Fury, whether it is through the banking system or through digital assets, to prevent the regime from developing a nuclear weapon.”

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  More than $580,000 forfeited as part of immigration visa fraud investigation

  Australia Federal Police

  June 3, 2026

  More than $580,000 has been forfeited to the Commonwealth as suspected proceeds of crime following an AFP-led investigation into an immigration visa fraud scheme linked to a Central Coast man, 61. The Supreme Court of NSW ordered the forfeiture of $117,000 of those total funds on 1 June, 2026, after the man admitted they were proceeds of crimes he committed between about July, 2017, and May, 2020. Those crimes included his role in providing false documents to a person exercising powers under the Migration Act 1958 (Cth) in connection with visa applications for non-citizens to remain in Australia.