Reported by Pete Syme The Forbes 30 Under 30 lists celebrate the achievements of young people making a mark in a range of sectors. Unfortunately, quite a few of the picks are now a little questionable, to say the least. It’s even become something of a meme, with users on X joking about federal authorities investigating those on the […]
Reported by Steve Muchoki Circle Chief Strategy Officer and Head of Global Policy Dante Disparte wrote a formal letter to Senators Sherrod Brown and Elizabeth Warren to refute claims that USDC has been used for funding the Hamas terror group. After the United States Department of Treasury caught up with Binance Holdings Ltd, and its […]
Reported by JOSEPH BOUCHARD It’s been a tumultuous two weeks in Venezuela. First, the Biden administration and the Maduro government signed a deal exchanging democratic guarantees for sanctions relief on oil, natural gas, and gold mining — some of Venezuela’s largest industries. With the sanctions lifted, Maduro allowed the opposition’s primary election to go ahead. María Corina Machado, […]
Reported by Ron Piccolo, Galloway Professor of Management and associate dean for strategic initiatives in UCF’s College of Business Last week was International Fraud Awareness Week, which is dedicated to highlighting the prevalence and impact of fraud in all its terrible forms. Unfortunately, we do not have to look far to see flagrant examples of corruption, […]
Reported by Spencer Woodman New details have emerged about an ongoing criminal investigation by Cyprus authorities into how one of Russia’s richest men may have used the Mediterranean country as a conduit to avoid war-related sanctions. As part of the Cyprus Confidential investigation, the International Consortium of Investigative Journalists examined a major transfer of wealth by billionaire Alexey Mordashov […]
Reported by Seth W. Ashby , Matthew W. Bower , James M. Eardley , Matthew E. Maltz , Bryan R. Walters and Gregory M. Wright of Varnum LLP While the Corporate Transparency Act (CTA) includes 23 enumerated exemptions for reporting companies, newly formed businesses (Startups) may not qualify for an exemption before the date on […]
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 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 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 […]
Financial Crime News Briefs 