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: 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. […]
Reported by the FACT Coalition The Financial Accountability and Corporate Transparency (FACT) Coalition applauds today’s announcement by Jake Sullivan, National Security Advisor to the President, of the Biden Administration’s “full support” for the Establishing New Authorities for Business Laundering and Enabling Risks to Security (ENABLERS) Act. The ENABLERS Act would close dangerous loopholes in the U.S. anti-money […]
Reported by: Samantha-Jo Roth, Congressional Reporter A bipartisan group of senators is working to attach major marijuanalegislation to “must-pass” year-end defense legislation expected on the floor later this week. Senate Majority Leader Chuck Schumer (D-NY) and Sen. Jeff Merkley (D-OR) have been working with Republican Sens. Steve Daines (R-MT), Rand Paul (R-KY), and Dan Sullivan (R-AK) to […]
Reported by: David Gauthier-Villars French prosecutors said on Monday they have put a Ukrainian woman linked to the governor of Lebanon’s central bank under formal investigation as part of a cross-border probe into alleged fraud to the detriment of the Lebanese state. Anna Kosakova, with whom central bank governor Riad Salameh has a daughter, according […]
Financial Crime News Briefs 