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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: April 25, 2023

Written by FinCrimeApril 25, 2023April 25, 2023

First-ever insider trading trial over NFTs set to begin in Manhattan court

Reported by Torey Akers The first-ever insider trading trial in the US involving digital assets is getting underway, and the focus is on art, not stocks. A former product manager at OpenSea, the largest NFT(non-fungible token) marketplace, has been accused by the Manhattan District Attorney’s office of violating confidentiality procedures in order to sell his […]

Written by FinCrimeApril 25, 2023

U.S. Indicts Four Men in Scheme to Launder Cryptocurrency for North Korea

Reported by Glenn Thrush WASHINGTON — The Justice Department said on Monday that it had indicted four men on charges of laundering virtual currency stolen by an infamous North Korean online criminal syndicate as part of a far-reaching scheme to buy goods with U.S. dollars and evade international sanctions. The charges, filed in three cases […]

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