by Jyotsna Bucktowar | Jul 2, 2024
Parliament passed two Bills amending laws governing CSPs and entities, following a debate where Second Finance Minister Indranee Rajah addressed queries from MPs, particularly regarding the new nominee directorship requirements. Under the new rules, only a corporate...
by Jyotsna Bucktowar | Jul 2, 2024
The SEC charged Silvergate and its executives with misleading investors about the company’s losses from expected securities sales and its dire financial condition during a liquidity crisis and bank run following FTX’s collapse. Silvergate and Martino...
by Jyotsna Bucktowar | Jul 1, 2024
Binance classified as a Virtual Digital Asset Service Provider is obligated to maintain transaction records and implement stringent AML measures. Despite this classification, the FIU’s investigation revealed Binance’s non-compliance with these requirements...
by Jyotsna Bucktowar | Jul 1, 2024
Judge Marquinez also imposed fines on witnesses who failed to comply with summonses and noted that evidence from Mossack Fonseca’s servers lacked proper chain of custody. In relation to Operation Car Wash, a large-scale corruption investigation originating in...
by Jyotsna Bucktowar | Jul 1, 2024
US prosecutors revealed that drug traffickers chose Citigroup for ML due to its perceived weaker fraud controls. In January 2021, two California residents deposited nearly $36,000 in illicit cash at Citi ATMs by splitting the amount into smaller transactions to avoid...
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