Written by FinCrimeDecember 22, 2022

Latvia Shutters Baltic International Bank for Not Preventing Money Laundering

Reported by: GRAHAM STACK Latvia’s financial authorities shuttered one of the oldest banks in the country for its lax financial crime controls. The bank intended to accept a financial injection from shareholders who failed to explain the origin of their money. Before closing it, the Financial and Capital Market Commission (FCMC) raided the headquarters of […]

Written by FinCrimeDecember 22, 2022

Associates of FTX founder Sam Bankman-Fried plead guilty to wire fraud, other charges filed by SEC

Reported by: Lawrence Richard FOXBusiness Two former associates of FTX founder Sam Bankman-Fried pleaded guilty to charges the Securities and Exchange Commission (SEC) filed against them Wednesday as part of a multiyear scheme to defraud investors. Former Alameda Research CEO Caroline Ellison, 28, and former Chief Technology Officer of FTX Trading LTD Zixiao (Gary) Wang, 29, secretly […]

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Day: December 22, 2022

Latvia Shutters Baltic International Bank for Not Preventing Money Laundering

Associates of FTX founder Sam Bankman-Fried plead guilty to wire fraud, other charges filed by SEC