Reported by Jack Boldarin, James Burch, Lucy Frew, Steven Manning, Nicholas Quin, Andy Randall, John Rogers, Nicholas Swartz, and Daniel Wood Following the removal of the Cayman Islands from the Financial Action Task Force’s list of “jurisdictions under increased monitoring” in October 2023, on 12 December 2023, the European Commission adopted the Commission Delegated Regulation […]
Reported by Craig Silverman and Peter Elkind Christy Browne was in a panic. The man on the phone said he was from the FBI. He warned her that drug traffickers had obtained her Social Security number and were using it to launder money. He said the FBI needed money to catch them. “They told me […]
Reported by PAOLO CONFINO JPMorgan Chase CEO Jamie Dimon is done talking about Bitcoin—again. In a CNBC interview from Davos, a visibly amused Dimon declared he was swearing off opining about the crypto currency. When asked about the new Bitcoin ETF the Securities and Exchange Commission approved last week, Dimon interrupted CNBC host Andrew Ross Sorkin, also of The […]
Reported by HELEN PARTZ Major stablecoin firm Tether has responded to a United Nations (UN) report highlighting the alleged involvement of its Tether USDT $1.00 stablecoin in illicit activity. On Jan. 15, the Southeast Asia and the Pacific division of the UN Office for Drugs and Crime (UNODC) issued a report on the use of cryptocurrencies in […]
Reported by Dave Michaels, AnnaMaria Andriotis, and Corrie Driebusch Morgan Stanley agreed Friday to pay $249 million to settle criminal and regulatory investigations into allegations that some employees improperly shared information about clients’ stock sales, the Manhattan U.S. attorney’s office said. The resolution ends a long-running probe into how the bank sold large blocks of stock for […]
Reported by Veronika Bondarenko While airlines will reward big spenders who collect a lot of miles with perks ranging from a free suitcase to free ticket changes and lounge access, collecting too many too fast can also be a sign of something illicit. That is, at least, what tipped off authorities trying to trace the origins of smugglers illegally moving […]
Reported by Scott Chipolina Tether, one of the world’s largest cryptocurrency platforms, has emerged as one of the leading payment methods for money launderers and fraudsters operating in south-east Asia, the UN has warned. According to a report published on Monday by the UN’s office on drugs and crime, Tether’s crypto token, also known as […]
Reported by Corinne Ramey Steven Teixeira’s use of his girlfriend’s laptop began innocently enough when she asked him to keep an eye on her work email while she went to fitness classes and ran errands. As they weathered the pandemic from their apartment in Queens, N.Y., he gave in to temptation. His sweetheart worked as […]
Reported by Rich Stanton The US Securities and Exchange Commission (SEC) has approved Bitcoin exchange-traded products (ETPs) following years of opposition—though not without stern warnings about the “myriad risks” of investing in cryptocurrency. The news was greeted with enthusiasm by crypto-lovers and has led to a minor spike in Bitcoin’s value, with one Bitcoin being worth around $44,000 […]
Reported by Oluwapelumi Adejumo Genesis Global Trading, a prominent cryptocurrency firm, has settled with the New York Department of Financial Services (NYDFS). As part of the agreement, Genesis Global Trading will relinquish its authorization to carry out operations within the state. In a January 12 statement, Genesis consented to pay the New York financial regulator an […]
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