Opinion by: Hazem Mulhim A recent DIFC Fintech conference provided some interesting insights into the current situation in terms of regulations and cryptocurrencies, including: The Financial Action Task Force (FATF) recently defined virtual asset service providers to include cryptocurrency exchanges, stable coin issuers, DeFi protocols, and non-fungible tokens (NFT) marketplaces. This definition helps set the tone for […]
Reported by: Ilya Lozovsky, Miranda Patrucic, Süddeutsche Zeitung, Norddeutsche Rundfunk (NDR), and Westdeutsche Rundfunk (WDR) German police this morning launched a raid on properties belonging to sanctioned Russian oligarch Alisher Usmanov on the shore of Lake Tegernsee in southern Bavaria. In response to previous reporting by Süddeutsche Zeitung, his spokesman provided a statement denying that […]
Reported by: Department of Justice, U.S. Attorney’s Office, Northern District of California Oakland registered investment advisor was charged in a federal information filed today with securities fraud for trading upon non-public inside information, announced United States Attorney Stephanie M. Hinds and Federal Bureau of Investigation Special Agent in Charge Sean Ragan. According to the information […]
Reported by: Helen Parry Senior Regulatory Intelligence Expert / Thomson Reuters Regulatory Intelligence The United Kingdom’s Financial Conduct Authority (FCA) confiscation announcement relating to investment adviser Richard Faithfull, and the Serious Fraud Office (SFO) announcement concerning David Ames, highlight examples of successful convictions in cases concerning overseas transnational investment fraud. A close examination of the […]
Financial Crime News Briefs 