Written by FinCrimeFebruary 21, 2024

An Executive Bought a Rival’s Stock. The SEC Says That’s Insider Trading.

Reported by Dave Michaels Biotech executive Matthew Panuwat bought options on another drug company’s stock—and earned a windfall of $120,000. The Securities and Exchange Commission now says he committed insider trading, even though he didn’t buy his employer’s stock and didn’t have inside information about the company he bet on. The case, which goes to […]

Written by FinCrimeFebruary 21, 2024

Over 100 searches and four arrests in Latvia, Germany, France, Italy and Malta against financial institution involved in money laundering

Reported by European Union Agency for Criminal Justice Cooperation National authorities in Latvia, Germany, France, Italy and Malta have carried out over 100 searches in a large-scale operation against a Russian-Eurasian criminal network and a Maltese-based financial institution allegedly involved in money-laundering services. Four suspects were detained during an action day supported by Eurojust and […]

Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: February 21, 2024

An Executive Bought a Rival’s Stock. The SEC Says That’s Insider Trading.

Over 100 searches and four arrests in Latvia, Germany, France, Italy and Malta against financial institution involved in money laundering