Reported by Walt Bogdanich, Isak Hüllert and Eli Tan One morning in September, a truck disgorged its load of pulverized rock with a resounding bang inside Stillwater Mining’s metallurgical plant north of Yellowstone National Park. The mined ore contains platinum, palladium and rhodium, three of the earth’s rarest, most expensive metals — and vital components […]
Reported by Dale Smith and Nelson Aguilar Cyber Monday deals are here, with holiday prices on headphones and air fryers and soundbars, but with all of the money flowing from our wallets to stores, it’s no surprise that cybercriminals will be looking to get their hands on some of it. While scammers do work year […]
Reported by Ben Eisen and Ben Foldy Wells Fargo is struggling with its regulatory obligation to monitor financial crime, the latest challenge in the bank’s yearslong effort to recover from a series of scandals. Regulators have issued the bank formal orders to be better at catching criminals who may be using its accounts or products, […]
Reported by David Yaffe-Bellany, Emily Flitter, Matthew Goldstein and Glenn Thrush Changpeng Zhao, the founder of Binance, the largest cryptocurrency exchange in the world, pleaded guilty to money laundering violations, a stunning blow to the most powerful and influential figure in the global crypto industry. Binance itself also pleaded guilty and agreed to pay $4.3 […]
Reported by The Securities and Exchange Commission The Securities and Exchange Commission today announced that it filed 784 total enforcement actions in fiscal year 2023, a 3 percent increase over fiscal year 2022, including 501 original, or “stand-alone,” enforcement actions, an 8 percent increase over the prior fiscal year. The SEC also filed 162 “follow-on” […]
Reported by Dimitri Selibas On Nov. 8, an NGO coalition filed a complaint with the French National Financial Prosecutor’s Office (PNF) against French banks BNP Paribas, Crédit Agricole, BPCE and AXA, calling for a criminal investigation for money laundering and concealment, based on the banks’ financing of leading Brazilian meat companies JBS and Marfrig. Deforestation […]
Reported by Johnny Mitchell Click Link to Watch Video: https://www.tiktok.com/t/ZT8Uy63Jf/
Reported by JACQUES BILLEAUD Associated Press Michael Lacey, a founder of the lucrative classified site Backpage.com, was convicted Thursday on a single count of money laundering and acquitted on another. But an Arizona jury deadlocked on 84 other counts against him in a case that alleged he participated in a scheme to sell sex ads, leading […]
Reported by Evan Halper, Dalton Bennett and Jonathan O’Connell After Western nations announced bans on Russian oil last year in response to the invasion of Ukraine, a Greek refinery that serves the U.S. military moved quickly to adapt. Within months, it told investors it had stopped accepting the forbidden oil and had found other sources instead. But […]
Reported by Helena Smith “Russian speakers love living here, they like to be in a community and ours is growing all the time,” says Ruslan Ibrayev, the salesman greeting customers at the head office of the Hub property investment firm in Iskele in Turkish-occupied northern Cyprus. The area, he beams, has become a magnet for […]
Financial Crime News Briefs 