by Jyotsna Bucktowar | Jan 21, 2025
CLS Global a UAE-based cryptocurrency firm has agreed to plead guilty to charges of market manipulation and wire fraud, paying a fine of $428,059. The company is banned from U.S. cryptocurrency markets and must submit annual certifications ensuring compliance. The...
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
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...
by Jyotsna Bucktowar | Jun 12, 2024
JAG Advisors, deceived approximately nine investors by misrepresenting nearly every aspect of the fund, including its performance and risks. The principal of JAG Advisors, allegedly diverted $1.1 million for personal expenses such as travel and jewellery, and lost...
by AdrianaAMLP | Jun 7, 2024
The Year in Review is intended to help stakeholders gain insight into the collection and use of Bank Secrecy Act data, including FinCEN’s efforts to support law enforcement and national security agencies.
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