Reported by Jessica Merritt How Can Someone Use my Debit Card Without Having It? Thieves can use your debit card information to create a duplicate card even if you haven’t lost it. These are some of the ways thieves obtain debit card information: Are You Liable for Unauthorized Debit Card Purchases? In most cases, federal law […]
Reported by Michael del Castillo Though less than one percent of cryptocurrency transactions last year were considered illicit, according to blockchain data firm Chainalysis, that was still a record $20 billion, most of which is marked as dirty by a cottage industry of blockchain-data startups managing independent and unofficial blacklists. Crypto sitting on a blacklist […]
Reported by Ben Foldy and Tom McGinty Top executives of First Republic Bank sold millions of dollars of company stock in the two months before the bank’s shares plummetedduring the panic over the health of regional lenders. The bank’s chief risk officer sold on March 6, according to government documents. Two days later, Silicon Valley Bank shocked the […]
Reported by James Reddick European and U.S. authorities have taken down a cryptocurrency mixing platform that facilitated rampant money laundering, and they arrested an alleged operator of the service. On Wednesday, Europol announced that German and U.S. agencies seized four servers belonging to ChipMixer as well as approximately $46.5 million in Bitcoin. The U.S. Department of Justice […]
Reported by Tom Schoenberg US prosecutors were investigating Signature Bank’s work with crypto clients before regulators suddenly seized the lender this past weekend, according to people familiar with the matter. Justice Department investigators in Washington and Manhattan were examining whether the New York bank took sufficient steps to detect potential money laundering by clients — such […]
Exclusive: New York prosecutors expanded criminal inquiry of company last year and examined acceptance of $8m with suspected Russian ties Reported by Hugo Lowell Federal prosecutors in New York involved in the criminal investigation into Donald Trump’ssocial media company last year started examining whether it violated money laundering statutes in connection with the acceptance of $8m […]
Reported by HENRY POPE As part of President Joe Biden’s 2024 fiscal budget proposal, roughly half a billion dollars is set to be dedicated towards deterring criminal actors from laundering their ill-gotten gains through the U.S. financial system. If passed, President Joe Biden’s 2024 fiscal budget proposal would see roughly half a billion dollars dedicated towards […]
Reported by Anton Troianovski and Photograph by Andrea DiCenzo DUBAI, United Arab Emirates — On an artificial island on the edge of the Persian Gulf, Dima Tutkov feels safe. There are none of the anti-Russian attitudes that he hears about in Europe. He has noticed no potholes or homelessness, unlike what he saw in Los […]
Reported by: Henry Holloway VLADIMIR Putin is presiding over a “mafia” state where murder is a tool used to defeat his enemies and to scare his uneasy allies into keeping in line. Experts believe the deaths of at least 39 high profile figures – ranging from oligarchs to scientists and even generals – could show […]
Bank’s attempt to clawback former executive’s salary could set a Wall Street record Reported by Joshua Franklin and Stephen Gandel JPMorgan Chase is attempting to engineer what could be the biggest clawback of pay in Wall Street history by demanding that Jes Staley return more than $80mn for failing to fully disclose the extent of […]
Financial Crime News Briefs 