Author: FinCrime

I don’t write the articles here. I just share what I read to like minded professionals and enthusiasts. Copyright is owned by the authors and/or publishers.
Written by FinCrime

FinCEN Will Soon Release Proposals for New Real Estate Regulations. How Will This Affect Investors and Fund Managers?

Reported by Buck Wargo New proposed regulations by the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury might put more pressure on U.S. commercial real estate professionals, including fund managers, to address money laundering in the industry. Starting in December 2021, FinCEN solicited input from industry professionals on how best to address the […]

Written by FinCrime

Insider Trading and Market Manipulation Trends and Priorities from the NYC Bar’s White-Collar Crime Institute

Reported by Jacqueline Chervak, Edward Imperatore, and Brian Kidd On May 24, 2023, Edward A. Imperatore, a partner in Morrison Foerster’s Investigations + White-Collar Defense group and former Assistant U.S. Attorney for the Southern District of New York, moderated a panel, entitled “Market Abuse and Trading Related Prosecutions – Recent Developments and What Comes Next,” […]

Written by FinCrime

Binance Moved Billions Through Two U.S. Banks, Regulators Say

Reported by Emily Flitter and Matthew Goldstein Binance, the giant cryptocurrency exchange accused of mishandling customer funds, used two American banks to move billions of dollars around the world, the Securities and Exchange Commission said on Wednesday, detailing how huge sums of cash flowed in and out of the accounts sometimes within a span of […]

Written by FinCrime

Anti-Money-Laundering Rules — A Tax Authority’s New Best Friend

Reported by Nana Ama Sarfo In April the International Monetary Fund released a working paper explaining how tax authorities can better leverage anti-money-laundering (AML) measures to improve tax compliance and boost domestic revenue mobilization. The idea is not new, but it’s been a challenging concept for tax authorities to execute. Why? Well, tax crimes and money laundering […]

Written by FinCrime

Banker ‘Lured’ by CIA Loses Fight Against Extradition to US

Reported by Jonathan Browning An ex-Austrian bank chief wanted in the US over his alleged role in a giant Brazilian corruption scandal lost a bid to halt his extradition from the UK. Peter Weinzierl, the former chief executive officer of Meinl Bank AG, had attempted to argue in a London court that he was “lured” to the UK […]

Written by FinCrime

Real estate investor Matt Onofrio accused of bank fraud

Reported by TRD staff Summary of original article featured below Former Wisconsin nurse anesthetist, Matt Onofrio, who turned to real estate after quitting his job in 2020, is now facing charges of bank fraud in Minnesota. Onofrio stands accused of orchestrating multiple fraudulent real estate deals, convincing buyers to purchase properties at inflated prices while […]

Written by FinCrime

The Battle for Eurasia

China, Russia, and their autocratic friends are leading another epic clash over the world’s largest landmass. Reported by Hal Brands, a professor of global affairs at the Johns Hopkins School of Advanced International Studies. Summary of original report featured below The war in Ukraine has led to the rise of a coalition of Eurasian autocracies, […]

Written by FinCrime

Inside Ireland’s ‘Dapper Don’ Christy Kinahan and his alleged $1B drug empire that ‘feuded’ with Conor McGregor

This is Christy Kinahan, Ireland’s “Dapper Don.” The State Department accuses him of being the leader of a $1 billion drug-smuggling empire who has done business with “El Chapo” and Lebanon’s ruthless Hezbollah. Courtesy of the Irish Sun Summary of original article shown below Reported by Joshua Rhett Miller Christy Kinahan, a former taxi driver […]

Written by FinCrime

EU Formally Signs New Crypto Licensing, Money Laundering Rules Into Law

Reported by Jack Schickler The European Union formally signed its landmark Markets in Crypto Assets (MiCA) regulation into law on Wednesday, taking the bloc closer to becoming the first major jurisdiction in the world with tailored rules for the sector. The law was signed by the European Parliament President Roberta Metsola and Swedish Rural Affairs […]

Written by FinCrime

US sanctions Chinese and Mexican firms over fentanyl making equipment

Reported by Laura He, CNN (Summary of original article featured below) The United States has imposed sanctions on several Chinese and Mexican companies for their involvement in the production and distribution of equipment used to make counterfeit pills, including those laced with fentanyl. The US Treasury Department announced sanctions on seven Chinese entities, six Chinese […]