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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: December 13, 2023

Written by FinCrimeDecember 13, 2023

Citibank NZ issued formal warning over anti-money laundering rule failures

Reported by RNZ The Reserve Bank has issued a formal warning to the New Zealand branch of Citibank under anti-money laundering and counter terrorism financing laws. The warning relates to wire transfer identity requirements under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009. Citibank is one of the world’s largest banks and […]

Written by FinCrimeDecember 13, 2023

Billionaire Joe Lewis Keeps Trading Stocks Behind US Insider-Trading Charges

Reported by Ben Stupples Since being charged by US federal prosecutors in July, the Tavistock Group founder has repeatedly traded shares of Mirati Therapeutics Inc., Australian Agricultural Co. and Tango Therapeutics Inc., according to data compiled by Bloomberg from regulatory filings. His stakes in those companies — three of the five behind the indictment’s claims […]

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