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United States Attorney Office -Southern District of New York
United States Attorney for the Southern District of New York, Jay Clayton, announced today that ARSEN LUSHER was sentenced to 42 months in prison by U.S. District Judge Dale E. Ho for perpetrating a scheme to defraud more than 20 investors of nearly nine million dollars. On August 18, 2025, LUSHER pled guilty to one count of wire fraud.
“Today’s 42-month sentence comes at the end of a too common story: a fast-talking fraudster promising exceptional returns but not giving investors basic information,” said U.S. Attorney Jay Clayton. “Arsen Lusher lied to victims about the nature of his business to line his own pockets. When the walls came closing in, Lusher doubled down, creating false documents to try to lull his victims into a false sense of security about their investments. Lusher’s fraud was brazen, and it cost his victims nearly $9 million. A good rule of thumb for investors: no audit, no investment.”
Financial Conduct Authority
The Board of the FCA has appointed Jonathan Peddie and Raymond Cox KC as new members of the FCA’s Regulatory Decisions Committee (RDC). The RDC is responsible for taking certain regulatory decisions on behalf of the FCA relating to contested enforcement action. Committee members bring a broad range of professional experience to support fair, independent and evidence-based decision-making.
FATF
The FATF mutual evaluation of Italy assessed the effectiveness of the country’s anti-money laundering, countering terrorist financing and proliferation financing (AML/CFT/CPF) measures, and their level of compliance with the FATF Recommendations, at the time of an on-site visit between June and July 2025. The assessment found that Italy has a whole-of-government approach to combating illicit finance, with sophisticated coordination to ensure that operational agencies share information and resources and are able to conduct investigations jointly, particularly for complex money laundering cases involving serious organised crime. However, Italy should address limitations to access to information about who owns assets (Beneficial Ownership).
