International

US calls for ‘global effort’ to combat cybercrime

AFP

A top US Treasury official on Tuesday called for a “global effort” to combat cyberattacks and to prevent criminals from holding computer systems for ransom.

“It’s going to be critical that we not only do this in the United States, but that we have a global effort because many of these cyber criminals are domiciled outside of our country,” Deputy Treasury Secretary Wally Adeyemo said.

Governments, companies and individuals must focus on cybersecurity “to prevent criminal actors from being able to get into their system, and potentially use them to ransom.”

He testified before the Senate Banking Committee to present a Treasury report showing that growing use of cryptocurrencies outside of traditional payments systems undermines the effectiveness of US economic sanctions.

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“Our goal ultimately, is to make sure that payments do not flow into the hands of criminal actors and … don’t flow into the hands of those people who have been sanctioned by the United States,” Adeyemo said.

Treasury sanctions work by blocking targets — individuals, government officials or companies — from using the US financial system, which in effect cuts them off from banking or profiting from trade in most of the world.

But the Treasury review said digital currencies and alternative payment platforms provide a way to skirt sanctions by moving funds and hiding profits outside the traditional dollar-based financial system.

The official said “it is true” that China is “trying to find means around our financial system to avoid sanctions.”

But “by taking actions in unison with other countries” governments are better able to “hold our adversaries accountable for actions that they take that are in violation of international laws and norms,” he said.

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Asked about Afghanistan, Adeyemo said it is “essential” to maintain economic sanctions against the Taliban but also to “find ways for legitimate humanitarian assistance to get to the Afghan people.”

“I see under no situation in which we would allow the Taliban to have access to the reserves that belong to the Afghan people,” he said, referring to Washington’s decision to withhold about $9 billion of the nation’s reserves held overseas.

The Treasury report showed use of sanctions increased tenfold over the past two decades since the attacks of September 11, 2001, with 9,421 designations this year compared to just 912 in 2000.

International

Bill Gates Admits “Serious Mistake” Over Epstein Ties

Bill Gates acknowledged he made a “serious mistake” by associating with convicted sex offender Jeffrey Epstein, telling employees at his philanthropic organization that he regretted the relationship and its impact on the foundation’s work. He also admitted to having had affairs with two Russian women but denied any involvement in Epstein’s criminal activities.

The Microsoft co-founder is among several high-profile figures mentioned in documents from the so-called Epstein files released by the U.S. Department of Justice. The records reference personal associations, financial dealings and private communications involving Epstein’s network.

During a staff-wide meeting at the Bill & Melinda Gates Foundation on Tuesday, a recording of which was reviewed by The Wall Street Journal, Gates said he regretted spending time with Epstein and arranging meetings between foundation executives and the financier.

“It was a big mistake to spend time with Epstein,” Gates told employees, adding that the association had harmed the foundation’s reputation.

In a draft email released by the Justice Department, Epstein claimed that Gates had engaged in extramarital relationships. The message alleged that their interactions ranged from assisting Gates in obtaining drugs to cope with personal matters to facilitating meetings with married women.

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Gates, 70, acknowledged during the internal meeting that he had two affairs but firmly denied any connection to Epstein’s crimes.

The revelations come amid renewed scrutiny over Epstein’s network of prominent contacts following the public release of investigative files.

International

Stephen Hawking Photo Appears in Newly Released Epstein Documents

A previously unseen image of renowned theoretical physicist Stephen Hawking has surfaced among documents recently released by the U.S. Department of Justice as part of its investigation into financier Jeffrey Epstein.

The photograph shows the British scientist, who died in 2018 at age 76, smiling while seated between two women wearing swimsuits in what appears to be a beach setting. In the image, Hawking appears to be holding a drink while reclining on a sun lounger.

The exact context of the photo — including the date and location — has not been officially confirmed. However, it is known that Hawking attended a scientific conference funded by Epstein in March 2006 in the U.S. Virgin Islands, where several academics participated in events and activities organized by the financier prior to his criminal charges.

No Allegations Against Hawking

Hawking’s appearance in the files does not imply involvement in illegal or inappropriate conduct, and there are no formal charges linking him to any criminal activity in connection with the Epstein case.

The physicist is mentioned in numerous documents, primarily in relation to his participation in academic events associated with Epstein’s efforts to build connections with prominent figures in the scientific community.

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The release of the files has prompted renewed public interest in the scope of Epstein’s network, though inclusion in the documents alone does not indicate wrongdoing.

International

Larry Summers Steps Down from Harvard Role Amid Epstein Controversy

Former U.S. Treasury Secretary Larry Summers has resigned from his academic post at Harvard University due to his ties to convicted sex offender Jeffrey Epstein, the university said Wednesday.

Summers, who led the U.S. Treasury Department under former President Bill Clinton and later served as president of Harvard in the early 2000s, appeared in Justice Department files related to Epstein as having maintained extensive exchanges with the late financier.

According to a university statement, “Harvard Kennedy School Dean Jeremy Weinstein has accepted the resignation of Professor Lawrence H. Summers from his role as co-director of the Mossavar-Rahmani Center for Business and Government,” noting that the decision was connected to the Epstein case.

Meanwhile, Clinton is scheduled to testify Friday before a congressional committee regarding the Epstein matter. Former Secretary of State Hillary Clinton is expected to appear before the panel on Thursday.

The development marks another high-profile repercussion stemming from renewed scrutiny surrounding Epstein’s network of associations.