Reported by Christina Jewett For the past decade, the White House and Congress have relied on the National Academies of Sciences, Engineering and Medicine, a renowned advisory group, to help shape the federal response to the opioid crisis, whether by convening expert panels or delivering policy recommendations and reports. Yet officials with the National Academies have […]
Reported by Editorial Staffq A Grand Court judge ruled largely in favor of financial services group Maples in a complex legal ruling after it challenged the regulator, CIMA, over new rules surrounding the recording of clients’ details under regulations rolled out in 2020 as part of the enhanced local anti-money laundering regime. The decision comes […]
Reported by Pete Syme Taylor Swift avoided signing a $100 million sponsorship deal with FTX because she was the only celebrity to question the crypto exchange, according to the lawyer handling a class-action lawsuit against several FTX promoters. Adam Moskowitz appeared on “The Scoop” podcast to discuss the lawsuit, and said that the plaintiffs are seeking over $5 billion from FTX’s celebrity endorsers, […]
Reported by Ana Swanson and Matina Stevis-Gridneff Late last month, American and European Union officials traded information on millions of dollars’ worth of banned technology that was slipping through the cracks of their defenses and into Russian territory. Senior tax and trade officials noted a surge in chips and other electronic components being sold to Russia through […]
Reported by the ASSOCIATED PRESS A Fugees rapper on trial in a multimillion-dollar campaign finance and foreign influence case was trying to reinvent himself as he entered the political arena, not break any laws, defense attorneys said Monday. Prakazrel “Pras” Michel became a best-selling, Grammy-winning artist with the 1990s hip-hop group the Fugees, but in […]
Reported by Reuters Estonia’s state prosecutor said on Monday she had charged six people with laundering at least $1.6 billion and 6 million euros ($6.58 million) at the now-defunct Estonian office of Danske Bank, Denmark’s largest lender. The operations in Estonia became the focus of a massive money laundering scandal after it was discovered some […]
Reported by Dave Michaels and Mengqi Sun Bittrex Inc. once ranked as the country’s biggest platform for trading digital assets. Its rocky history at home is coming to an end with a regulatory threat and a decision to leave the U.S. for good. The Securities and Exchange Commission’s enforcement staff told Bittrex in March it […]
Reported by Michael Stott Panama expects to be removed soon from a “grey list” of countries that are not doing enough to combat money laundering, following years of pressure to clean up its financial system in the wake of the Panama Papers scandal. President Laurentino Cortizo told the Financial Times that the Central American nation […]
Reported by Erin Griffith Faking it is over. That’s the feeling in Silicon Valley, along with some schadenfreude and a pinch of paranoia. Not only has funding dried up for cash-burning start-ups over the last year, but now, fraud is also in the air, as investors scrutinize start-up claims more closely and a tech downturn […]
Reported by Nate Sibley of Hudson Institute How Cartels Launder Money Now Fake pills containing fentanyl. Photo Credit: DEA For decades, cartels laundered money primarily by smuggling bulk cash across the border or using the Black Market Peso Exchange. The latter involved using drug profits to purchase goods in the United States, shipping them across the border, […]
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