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Financial Crime
Editor's Picks
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KC Fed paper raises red flag on stablecoin law's impact on US credit markets
A US Federal Reserve Bank of Kansas City paper raised a red flag for the first time about the possibly harmful impact of the GENIUS Act on US credit markets, as oth... (more story)
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US SEC permits in-kind creations, redemptions for Crypto ETPs
The US Securities and Exchange Commission approved orders to allow in-kind creations and redemptions by authorized participants for bitcoin and ether exchange-trade... (more story)
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NFT scammer used Tornado Cash to launder rug-pull proceeds, he tells US court
A man who carried out a rug pull using non-fungible tokens testified at the US trial of Tornado Cash co-founder Roman Storm that he used the cryptocurrency mixer to... (more story)
Insight View More
Companies need to get on top of bad practice or face the consequences, the head of the UK’s fraud agency told MLex, ahead of new anti-fraud legislation due to come into force in weeks.
An unlikely coalition asked the US Congress to fix a "flaw" in the new stablecoin law that lets any state-chartered, uninsured bank with a stablecoin unit perform traditional activities nationwide through that... (more story)
A Honduran procurement official pleaded guilty today in Miami federal court over his role in a bribery scheme involving contracts for the supply of uniforms and other goods for that country’s national police. ... (more story)
A fraudster sentenced to 14 years in jail after going on the run during his trial has had an international crime fighting tool applied against him to help recoup millions of pounds, despite fears he had died. ... (more story)
Two Mexican men living in Texas, including one with alleged cartel ties, were charged in the US with paying bribes to Mexican government officials for business with the country’s state-run oil company and its ... (more story)
Terraform Labs cofounder Do Kwon is expected to plead guilty to charges stemming from a $40 billion collapse of his decentralized financial empire, according to a notice posted today to the court docket. He wa... (more story)
Liberty Mutual agreed to disgorge about $4.7 million after US federal prosecutors chose not to charge the insurance giant despite finding evidence that its Indian subsidiary had paid bribes to officials at six... (more story)
Anzhelika Khan, the wife of a billionaire Ukrainian-Russian business tycoon, has seen her bid to overturn her sanctions designation at the UK’s top court rejected. The Supreme Court said today that her bid to ... (more story)
Comment View More
A US Federal Reserve Bank of Kansas City paper raised a red flag for the first time about the possibly harmful impact of the GENIUS Act on US credit markets, as other questions about the stablecoin regulatory ... (more story)
After racking up wins on Capitol Hill and at the White House in recent months, the cryptocurrency industry isn’t taking a mixed verdict in the trial of Tornado Cash co-founder Roman Storm lying down. They’re v... (more story)
A Bank for International Settlements paper warned of the risks from stablecoin use for money laundering and terrorism financing, their potential impact on fire sales, and possible strains on dollar funding liq... (more story)
As a White House working group on digital assets sees a “valuable opportunity” for a comprehensive review of the US framework against money laundering and terrorist financing, regulators and industry players a... (more story)
As part of a broader effort to impose his will on Brazil’s government, US President Donald Trump put a Brazilian high court judge on a blacklist targeting human rights abusers around the world. The measures pu... (more story)
The Genius Act signed by President Trump today leaves a number of implementation gaps and questions to be resolved by regulators. The way they're addressed in rulemaking overseen by US Treasury Secretary Scott... (more story)
The GENIUS Act, which passed the US House today following passage in the Senate last month, would let private companies issue stablecoins — a prospect that has alarmed some Democratic lawmakers who fear it wou... (more story)
The actions of Facebook Chief Executive Mark Zuckerberg and the company's board as the company made privacy moves during the past decade will face extreme scrutiny in an $8 billion US trial over claims by inve... (more story)