Reported by Stephanie Baker The UK’s National Crime Agency has dropped part of its investigation into sanctioned Russian billionaire Mikhail Fridman after dramatically raiding his London home and arresting him late last year. The NCA is no longer probing Fridman on suspicion of conspiracy to defraud the UK Home Office and conspiracy to commit perjury, people familiar with the […]
Reported by Sophie Mann For Dailymail.Com and Associated Press Hollywood star Leonardo DiCaprio gave bombshell testimony in court for the prosecution in federal court on Monday morning as part of hip-hop star Pras Michel’s money laundering trial with the 1Malaysia Development Berhad (1MDB) DiCaprio’s involvement in the case stems from the money behind his film ‘The Wolf of […]
Reported by Peter Landers TOKYO—The U.S. has rallied its European allies behind a $60-a-barrel cap on purchases of Russian crude oil, but one of Washington’s closest allies in Asia is now buying oil at prices above the cap. Japan got the U.S. to agree to the exception, saying it needed it to ensure access to Russian energy. The […]
Reported by CIARAN LYONS DeFi execs at the World of Web3 (WOW) Summit in Hong Kong argued that implementing “Know Your Customer” (KYC) measures will tackle the “biggest issue” in decentralized finance (DeFi), which is hackers laundering millions of stolen funds into “clean money.” During a panel session at the summit on March 29, titled […]
Reported by Cyrus Farivar Roblox, the wildly popular children’s video game platform, may have a money laundering problem. According to a new court filing, more than 300 Roblox users are purportedly laundering money by using in-game currency to purchase fake in-game goods, according to a proposed settlement filed in San Francisco federal court Tuesday. “They appear to […]
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