Reported by: Techgh24 Over the past year, the Binance Investigations team has conducted and participated in more than 30 anti-cyber and financial crimes workshops with law enforcement in various countries including Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, the UK among others. The training programme is led by leaders from the […]
Reported by: U.S. Securities and Exchange Commission The Securities and Exchange Commission today announced charges against The Hydrogen Technology Corporation, its former CEO, Michael Ross Kane, and Tyler Ostern, the CEO of Moonwalkers Trading Limited, a self-described “market making” firm, for their roles in effectuating the unregistered offers and sales of crypto asset securities called […]
Reported by: Katherine A. Lemire While Congress has repeatedly sought to enhance the anti-money laundering (AML) laws and penalties, federal regulators have played a critical role in updating and enforcing these regulations as they apply to cryptocurrency businesses. States, meanwhile, have also inserted themselves into this regulatory mix. The legal and regulatory framework of the […]
Reported by: Lukas I. Alpert Aluminum tycoon Oleg Deripaska, a Russian oligarch with close ties to Vladimir Putin, has been indicted for allegedly evading U.S. sanctions through hidden financial transactions, including sending people flowers and arranging for his girlfriend to give birth to his child in America. Deripaska, 52, who owns a majority stake in […]
Reported by: Gibson Dunn U.S. anti-corruption enforcement has continued apace through the first eight months of 2022. Although some will point to declining numbers of Foreign Corrupt Practices Act (“FCPA”) enforcement actions in 2022 to date, particularly against corporations, as compared to the heights of recent years. This update from Gibson Dunn provides an overview […]
Reported by: Jamie Klein The Racing Team Nederland LMP2 team has announced its withdrawal from the IMSA WeatherTech SportsCar Championship’s Petit Le Mans season finale. Van Eerd was reportedly arrested in connection with the case, only to be released days later, but he remains a suspect and has stepped down from his position as CEO […]
Reported by: FinCEN’s Office of Strategic Communications at press@fincen.gov Today, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) took a historic step in support of U.S. government efforts to crack down on illicit finance and enhance transparency by issuing a final rule establishing a beneficial ownership information reporting requirement, pursuant to the bipartisan Corporate Transparency Act […]
Reported by: David Smagalla The Financial Industry Regulatory Authority, Wall Street’s self-regulator, has for the first time provided guidance to its member broker-dealers on the potential penalties it could impose for violating rules intended to prevent money laundering. The guidelines from Finra, announced Thursday, could signify it plans to step up scrutiny of member firms’ […]
Reported by: Arnab Shome On Wednesday, Match-Trade Technologies announced its partnership with Sumsub, a verification platform for enhancing and automating the know-your-customer (KYC ) process for forex and CFDs brokers using its custom Client Office CRM. “We develop our solutions with Broker’s daily operations in mind. That’s why we chose to work with Sumsub,” said […]
Reported by USAO – New York, Southern Damian Williams, the United States Attorney for the Southern District of New York, Attorney General Merrick Garland, and Assistant Attorney General Kenneth A. Polite of the Justice Department’s Criminal Division, announced today that the Madoff Victim Fund established by the Department of Justice began its eighth distribution to […]
Financial Crime News Briefs 