Reported by: SEBASTIAN SINCLAIR Chinese authorities say they’ve arrested 63 people in a self-styled “thunder attack” on a money laundering gang suspected of washing more than $1.7 billion via crypto. In a coordinated bust, the Horqin branch of the Tongliao Public Security Bureau in northeastern China dispatched more than 200 police across 17 provinces and […]
Reported by: Emily Crane Disgraced crypto king Sam Bankman-Fried was arrested by authorities in the Bahamas Monday night after criminal charges were filed by US prosecutors. The 30-year-old was taken into custody after the Bahamian government received formal notification from the US of the charges against him, according to the Office of Attorney General in the […]
Reported by: Angus Berwick, Dan Levine, Tom Wilson Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the world’s largest cryptocurrency exchange Binance, four people familiar with the matter have told Reuters. The investigation began in 2018 and is focused on Binance’s compliance with U.S. anti-money laundering […]
Reported by: ARIJIT SARKAR While many crypto fraudsters were able to slip through the cracks in the past, the same does not hold for FTX CEO Sam Bankman-Fried (SBF). Running parallel to the ongoing scrutiny related to FTX frauds, the United States Department of Justice (DOJ) is reportedly investigating a potential fraud that involves SBF siphoning […]
Reported by: Edward Ongweso Jr Over the past few weeks, four civil lawsuits have been filed against Sam Bankman-Fried alleging all manner of fraud, theft, deception, and other crimes. These civil suits are separate from the probes and investigations launched by the Department of Justice, US Attorney’s Office in Manhattan, the state of California, and […]
Reported by: Mark Sweney Santander UK has been fined more than £100m after an investigation by the British financial watchdog found “serious and persistent gaps” in its money laundering controls, resulting in hundreds of millions of pounds of suspicious transactions through customer accounts. The Financial Conduct Authority (FCA) imposed the £107.7m penalty after an investigation […]
Reported by: SEBASTIAN SINCLAIR FinCEN, the US Treasury Department’s financial crimes unit, is zeroing in on DeFi regulation as government agencies scramble for greater industry oversight following the ratification of an executive order on digital assets earlier this year. Slotted in between remarks on combating fraud and anti-corruption generally, Himamauli Das, the acting director of […]
Reported by: U.S. Attorneys » Eastern District of New York A seven-count indictment was unsealed today in federal court in Brooklyn charging Andrii Derkach with conspiracy to violate the International Emergency Economic Powers Acts (IEEPA), bank fraud conspiracy, money laundering conspiracy and four counts of money laundering in connection with the purchase and maintenance of […]
Reported by: AFP – Agence France Presse Dutch prosecutors are probing Rabobank for contravening anti-terror financing and money laundering legislation, the Netherlands’ second-largest money-lender announced on Wednesday. Rabobank’s announcement followed a Dutch Central Bank (DNB) civil probe ending last year in a half-a-million euro fine against the bank, as well as a recommendation that a […]
Reported by: Guardian staff and agencies A former Miami congressman who signed a $50m consulting contract with Venezuela’s socialist government was arrested on Monday on charges of money laundering and representing a foreign government without registering. David Rivera, a Republican who served in the US House from 2011 to 2013, was arrested at Atlanta’s airport, authorities said. […]
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