World
What do newly approved anti-money laundering rules cover?
EU lawmakers voted in a landslide in favour of new curbs on crypto, football clubs and cash transactions.
EU lawmakers today voted 482 to 47 to set up a long-promised EU anti-money laundering agency, as part of a package that would also see large cash payments banned across Europe.
The move – taken by MEPs at their last voting session before June elections – means new rules apply for football deals and crypto transactions, as the bloc seeks to repair its reputation after a series of financial-sector scandals.
“Dirty money finances terrible crimes,” EU financial services commissioner Mairead McGuinness said, adding that there was an “absolute imperative to improve significantly on the current situation”.
Those views seemed largely shared across the political divide – including by Damien Carême (France/Greens), one of the MEPs who led negotiations.
Terrorists and fraudsters “exploit the loopholes in European legislation”, Carême told lawmakers. “We have to act decisively to ensure a robust system.”
What do new EU money-laundering rules do?
New rules include a limit on professional traders accepting or paying cash for any transaction over €10,000 – given that big wads of untraceable banknotes can send alarm bells over financial crime.
Some lawmakers claim that’s an attack on financial freedom.
“Keep your hands off our cash and our digital currencies,” Patrick Breyer of the German Pirate Party told lawmakers. “We Pirates say no to this creeping financial disenfranchisement.”
Yet one of the most touchy subjects of the complex package has been geographical: the question of where to house a new EU anti-money laundering agency.
After a first-of-a-kind 12-hour public hearing, German financial centre Frankfurt won out, from a slate of candidates that also comprised Paris, Rome, Madrid, Vienna, Riga, Vilnius, Brussels and Dublin.
Its 400-odd staff will directly supervise dirty-money controls at 40 of the bloc’s biggest financial institutions.
Expanded scope of new anti-money laundering laws
EU money laundering laws already apply to big institutions like banks, who are required to verify who their customers are, and report suspicious transactions to the authorities.
Those rules will also apply to high-risk sectors like traders in artwork, jewellery and luxury yachts. They’ll be extended to cover innovative services like cryptocurrency providers—as lawmakers are concerned bitcoin and other, even more anonymous assets can be used for illicit payments.
At MEPs’ insistence, the measures apply to major football clubs and agents – given the large amounts of sometimes dubious money that circulates between them.
More consistent rules
For the first time ever, the EU’s rules are set out in a regulation that will apply more or less consistently across the bloc.
That means less discretion for each country to tweak rules for the national context – creating discrepancies that make it harder for legitimate businesses to operate across borders, and easier for criminals and terrorists to exploit the system.
A separate money laundering directive, also agreed today, resolves issues over how journalists and activists can trace the financial structures used to hide wealth.
Arrangements were thrown into disarray by a shock 2022 EU court judgment that restricted access to company ownership registers on privacy grounds.
Why does the EU need new anti-money laundering rules?
Officials hope the new rulebook will help improve the EU’s reputation for dirty money, closing the chapter on a series of scandals.
Two EU members – Croatia and Bulgaria – currently sit on a “grey list” of suspect money laundering jurisdictions compiled by international standard-setter the Financial Action Task Force (FATF), and Malta was only recently taken off it.
The region also faced a series of financial-sector scandals involving institutions such as Danske Bank, Latvia’s ABLV, and Malta’s Pilatus bank.
Danske was fined billions of euros by US and Danish regulators in 2022, after admitting that around €200bn was laundered through its Estonian arm between 2007 and 2015.
EU talks were given extra salience by the need to enforce sanctions imposed on Russia for its war in Ukraine – given fears that ultra-wealthy oligarchs can use shady financial structures to evade curbs.
When will new EU money laundering rules take effect?
New anti-money laundering controls have been a long time coming, and it’s still not over.
Valdis Dombrovskis berated uneven enforcement and promised to examine a new EU agency in his hearing to become EU financial services commissioner as far back as October 2019.
After several last-minute wrangles, lawmakers and governments announced a tentative deal on the bulk of the law in January 2024.
Once nodded through by national ministers, much of the new regulation kicks in after three years, but there is some flexibility.
Rules for the football sector will take five years to apply, and the new EU agency could start work later this year – though the law setting it up takes effect formally in July 2025.
World
Dave Chappelle Announces Surprise Netflix Special Releasing After Jake Paul Fight
Dave Chappelle is delivering a holiday treat for standup fans by surprise dropping a new Netflix special called “The Unstoppable.”
Before the main event during the Dec. 18 Jake Paul vs. Anthony Joshua fight night, Chappelle stopped by the livestream with a short clip to announce the news.
“I wanted to shout out my hometown, Washington, D.C., and thank everybody that came out in October to support me at that show,” Chappelle said in the video. “I just want you to know that show will be streaming on Netflix tonight after the fight. My new special drops, and I hope you love it. Thank you very much.”
Chappelle has had a long professional relationship with Netflix. This upcoming program will be his eighth standup special with the streamer, following “The Age of Spin,” “Deep in the Heart of Texas,” “Equanimity,” “The Bird Revelation,” “Sticks & Stones,” “The Closer” and “The Dreamer.” Netflix also released a recorded speech the comedian gave at his alma mater, the Duke Ellington High School of Arts, titled “What’s in a Name?”
The Paul vs. Joshua fight brought Netflix notables and other celebrities ringside in Miami, including Netflix chief content officer Bela Bajaria, director Benny Safdie, comedians Bert Kreischer and Matt Rife, Barstool Sports founder Dave Portnoy, singer Shaggy and more. In addition to the main event, earlier matches included Alycia Baumgardner defeating Leila Beaudoin, Anderson Silva defeating Tyron Woodley and Jahmal Harvey defeating Kevin Cervantes.
As for the fight itself? Joshua ended up the winner by knockout, with Paul lasting six rounds.
World
Former Hamas hostage warned Australian leaders about dangers of antisemitism months before Bondi Beach attack
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A former Hamas hostage told Fox News Digital that he warned Australian leaders to take antisemitism more seriously months before the deadly shooting at Bondi Beach.
Eli Sharabi, who spent 491 days as a hostage in Gaza, said the attack on Bondi Beach was “crazy,” but far from unpredictable. Sharabi told Fox News Digital that while in Australia in June, he met with Deputy Prime Minister Richard Marles and Foreign Minister Penny Wong and warned them that rising antisemitism would lead to something worse.
Sharabi recalled telling the officials that a hate crime would take place in Australia and that he would “see the fears” of Jewish people walking on the streets. He urged them to speak out against antisemitism before it was too late.
RABBI KILLED IN SYDNEY HANUKKAH ATTACK HAD WARNED AUSTRALIAN PM ABOUT RISING ANTISEMITISM
Rabbi Yossi Friedman speaks to people gathering at a flower memorial by the Bondi Pavilion at Bondi Beach on Tuesday, Dec. 16, 2025, following a shooting in Sydney, Australia. (Mark Baker/AP Photo)
He recounted to Fox News Digital the moment he told Marles and Wong, “When it happens, a hate crime here, it will be your responsibility because you have to have a stronger voice against antisemitism.” Though, Sharabi said he did not know why he told them that at the time.
“Unfortunately, it happened. And that’s crazy, it’s crazy. Really, I’m so sorry for that,” he said.
A spokesperson for Wong said that she “deeply appreciated her meeting with Eli Sharabi and thanks him for sharing his insights and experiences.”
“Minister Wong has consistently condemned antisemitism and antisemitic attacks,” the spokesperson said. “In response to the horrific antisemitic terror attack at Bondi, we are further strengthening laws against those who spread antisemitism and online abuse, ensuring our education system properly responds to antisemitism, and lowering the threshold to cancel visas for those who come to Australia to spread antisemitism.”
The spokesperson also conveyed Wong’s sympathies to the loved ones of the Bondi Beach shooting victims.
Sharabi told Fox News Digital that the attack on a Hanukkah celebration at Bondi Beach that left at least 15 dead and dozens wounded, reminded him of the persecution of European Jews in the 1940s.
“Suddenly you feel like it’s the 1940s again, and we are in 2025, 90 years later, all these things are happening again,” Sharabi said.
AUSTRALIA ANTI-TERROR POLICE DETAIN 7 MEN AS COUNTRY LAYS YOUNGEST BONDI BEACH VICTIM TO REST
A member of the Jewish community reacts as he walks with police toward the scene of a shooting at Bondi Beach in Sydney on Dec. 14, 2025. (David Gray/AFP via Getty Images)
On Feb. 8, 2025, Sharabi was released from Hamas captivity, 491 days after he was taken hostage from Kibbutz Be’eri during the Oct. 7, 2023, massacre. He did not know until after he was freed that his wife, Lianne, and their daughters, Noiya and Yahel, had been killed when Hamas terrorists attacked Israel.
Since his release, Sharabi has traveled the world speaking to Jewish communities, world leaders and various audiences about his experience as a hostage, something he recounted in his book, “Hostage,” which has been translated into multiple languages.
Israeli hostages Or Levy, Eli Sharabi and Ohad Ben Ami were handed over to the International Committee of the Red Cross by Hamas under a ceasefire and prisoner exchange agreement with Israel, in Deir al Balah, Gaza, on Feb. 8, 2025. (Ashraf Amra/Anadolu via Getty Images)
After he was released, he learned that while he was in the hands of terrorists, there were people around the world praying for him and demanding he and the other hostages be freed.
He said that while he was in the hospital in the days following his release, he was slowly exposed to the work that people in Israel and around the world did to advocate for him and the other hostages. It started with revelations about his family and friends, then his realization that people in Israel and around the world also took part in the fight for his release.
He soon joined the fight, advocating for the release of all hostages, including Alon Ohel, someone who Sharabi bonded with during his time in captivity.
“It was an amazing feeling to see him released. He’s like my son,” Sharabi told Fox News Digital.
Sharabi said that he and Ohel have seen each other a few times as free men and that they try to speak every day.
Eli Sharabi, who spent 491 days in Hamas captivity, and whose wife and two daughters were killed by terrorists, speaks at the United Nations. (Lev Radin/Pacific Press/LightRocket via Getty Images)
OPINION: AUSTRALIA’S HANUKKAH MASSACRE: THE HORROR OF BEING PROVEN RIGHT
Sharabi told Fox News Digital about his life after captivity. Now a free man for nearly a year, he said he appreciates every moment.
“First of all, I’m alive. Second, I’m free, and I’ve learned that freedom is priceless,” he said. “Every morning I wake up, I say thank you very much for what I have and for my freedom, and I can be able to choose whatever I do that day and not to ask permission from anyone to eat or drink or speak,” he told Fox News Digital. “I’m happy with my life. The memory of my wife, my daughters and my brother will be with me until my last day.”
Former Hamas hostage Eli Sharabi and Israeli U.N. Ambassador Danny Danon hold a photo of Sharabi’s family that shows his wife and daughters, all three of whom were murdered on Oct. 7, 2023. (Perry Bindelglass/Israeli U.N. Mission)
Sharabi told Fox News Digital that while in captivity, he promised himself that he would move his family to London, where they could live a peaceful life. He said that he made the decision because of the fear he saw in his daughters’ eyes on Oct. 7.
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While his plans on relocating to London have changed, Sharabi envisions himself living a quiet life and focusing on his own healing once the body of Ran Gvili, the last remaining hostage in Gaza, is returned to Israel. However, Sharabi said that he cannot go back to Kibbutz Be’eri and that he will likely seek a fresh start a bit further north in central Israel.
“I can’t go back to Be’eri. It’s something I need to solve with myself and with my therapist, of course. How can I get into my house again? For me, living in Be’eri, it’s not an option. In every corner, I can see the tragedy,” Sharabi said. “I need a new place, a new restart for my life, so it cannot be in Be’eri.”
Fox News Digital reached out to Marles’ office for comment.
World
Ex-Pakistan PM Imran Khan, wife sentenced to 17 years in corruption case
Khan and his wife have denied accusations that they misrepresented the value of state gifts, including jewellery, and profited from them.
Published On 20 Dec 2025
Pakistan’s former Prime Minister Imran Khan and his wife Bushra Bibi have been sentenced to 17 years in prison after a Pakistani court found them guilty of illegally retaining and selling valuable state gifts.
The sentence, handed down on Saturday, capped a years-long saga that saw the duo accused of selling various gifts – including jewellery from the Saudi Arabian government – at far below market value. They have denied all charges.
In order to keep gifts from foreign dignitaries, Pakistani law requires officials to purchase them at market value and to declare profits from any sales.
But prosecutors claimed that the couple profited from the items after purchasing them at an artificially low price of $10,000, compared with their market rate of $285,521.
Khan’s supporters were quick to denounce the ruling, with his spokesperson Zulfikar Bukhari saying that “criminal liability was imposed without proof of intent, gain, or loss, relying instead on a retrospective reinterpretation of rules”.
His party, Pakistan Tehreek-e-Insaf, wrote on social media that the proceedings were a “sham” and criticised international media coverage of the case.
The 73-year-old former leader served as Pakistan’s prime minister from 2018 until April 2022, when he was ousted in a no-confidence vote.
He was imprisoned starting in August 2023 on various charges of corruption and revealing state secrets, all of which he has denied and claimed to be politically motivated. He has been acquitted of some charges.
An internationally famous cricket player in the heyday of his sporting career, Khan remains popular in Pakistan, with his imprisonment leading to protests throughout the last two years.
The former leader is now confined to a prison in the city of Rawalpindi and “kept inside all the time”, his sister, Uzma Khanum, told journalists earlier this month.
Khanum, a doctor who was the first family member allowed to visit Khan in weeks, described him as “very angry” about the isolation, saying that he considered the “mental torture” of imprisonment to be “worse than physical abuse”.
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