Reported by: Bridget Diakun RUSSIA’s outbound seaborne trade remains stable despite successive waves of sanctions levelled against Moscow by the European Union, US and UK. According to Lloyd’s List Intelligence data there were approximately 2,064 vessel departures from Russia to foreign ports in August compared with 2,109 in July. While outbound sailings dropped 10% in response to […]
Reported by: Steve Kaaru Digitex started operations in April 2020 after months of running its beta under which users could only purchase its native DGTX tokens. Just before it launched, it was hit by a data breach in which sensitive data for over 8,000 users was stolen and some of it leaked. Following the breach, […]
Reported by: Reuters Former Swedbank (SWEDa.ST) Chief Executive Birgitte Bonnesen on Tuesday went on trial in Sweden, charged with fraud over her handling of the lender’s anti-money laundering protocols in Estonia. Bonnesen, who was Swedbank’s CEO from 2016 to 2019, is accused by the prosecution of giving misleading information on several occasions with the intent to cover […]
Reported by: Arjun Kharpal Pro-Russian groups are raising funds in cryptocurrency to prop up paramilitary operations and evade U.S. sanctions as the war with Ukraine wages on, a research report published Monday revealed. As of Sept. 22, these fundraising groups had raised $400,000 in cryptocurrency since the start of the invasion on Feb. 24, according […]
Reported by: U.S. Department of Justice The Agreement between the Government of the United States of America and the Government of the United Kingdom of Great Britain and Northern Ireland on Access to Electronic Data for the Purpose of Countering Serious Crime (“Data Access Agreement” or “Agreement”) entered into force today. The Agreement is authorized […]
Reported by: Danny Nelson Kim Kardashian’s $1.26 million regulatory fine this week for improperly touting a cryptocurrency raises many questions, but a big one is this: what the heck is EthereumMax (EMAX), the token she shilled? Though the name begins with Ethereum, it’s not the second-largest cryptocurrency, but rather a token built on top of […]
Reported by: Techgh24 Over the past year, the Binance Investigations team has conducted and participated in more than 30 anti-cyber and financial crimes workshops with law enforcement in various countries including Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, the UK among others. The training programme is led by leaders from the […]
Reported by: U.S. Securities and Exchange Commission The Securities and Exchange Commission today announced charges against The Hydrogen Technology Corporation, its former CEO, Michael Ross Kane, and Tyler Ostern, the CEO of Moonwalkers Trading Limited, a self-described “market making” firm, for their roles in effectuating the unregistered offers and sales of crypto asset securities called […]
Reported by: Katherine A. Lemire While Congress has repeatedly sought to enhance the anti-money laundering (AML) laws and penalties, federal regulators have played a critical role in updating and enforcing these regulations as they apply to cryptocurrency businesses. States, meanwhile, have also inserted themselves into this regulatory mix. The legal and regulatory framework of the […]
Reported by: Lukas I. Alpert Aluminum tycoon Oleg Deripaska, a Russian oligarch with close ties to Vladimir Putin, has been indicted for allegedly evading U.S. sanctions through hidden financial transactions, including sending people flowers and arranging for his girlfriend to give birth to his child in America. Deripaska, 52, who owns a majority stake in […]
Financial Crime News Briefs 