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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: February 13, 2023

Written by FinCrimeFebruary 13, 2023February 13, 2023

Binance and Paxos Caught up in Crypto Regulatory Crackdown

Reported by: KEVIN GEORGE The NYDFS ordered Paxos to stop minting BUSD tokens due to “several unresolved issues related to Paxos’ oversight of its relationship with Binance through Paxos-issued BUSD.” This is not the first time that Binance, the world’s largest crypto exchange, has found itself in hot water with U.S. regulators. Binance has been […]

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