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Financial Crime
Editor's Picks
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Former US Fed Governor Kugler violated stock policies, ethics office says
Former US Federal Reserve Governor Adriana Kugler, who abruptly resigned her post in August, reported numerous improper stock transactions by her or her husband, th... (more story)
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US SEC mulls relaxing 2023 Treasury clearing rules, Uyeda says
The Securities and Exchange Commission is considering relaxing Biden-era requirements for US Treasuries clearinghouses, Republican SEC member Mark Uyeda said. The 2... (more story)
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UK businesses face higher money laundering checks cost from Dec, tax agency says
Money service businesses and company service providers are among 37,000 companies that will face the first rise in the cost of UK money laundering checks for five y... (more story)
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South Korea’s new National Counter Scam Bureau has quickly become the country’s main hub for tackling cyber financial crimes, coordinating police, regulators and ministries to counter rising AI-driven fraud. D... (more story)
Julian Aires, a California man, was sentenced to a year of home confinement over his role in a scheme to bribe South African officials on behalf of a services supplier with whom his company had a joint venture.
British billionaire investor Joe Lewis was pardoned Thursday by President Donald Trump over a 2024 conviction for an insider trading scheme in which he gave stock tips to friends, associates and a romantic par... (more story)
Manfredi Catella, the co-founder and chief executive of Italian real estate company Coima, has been cleared by the nation’s top court following an investigation into alleged bribery. Catella has been under inv... (more story)
Meta Platforms defended its record on tackling online scams as UK regulator Ofcom delayed the rollout of Online Safety Act duties designed to combat fraudulent advertising. A senior Meta executive, Philip Milt... (more story)
The X social-media platform, formerly Twitter, has been fined €5 million by Spain’s financial regulator for “serious” violations related to cryptocurrency advertising on its platform. Under rules introduced in... (more story)
A central banker from South Korea expressed concern about allowing non-bank institutions to issue stablecoins, saying this could effectively extend central bank balance sheet support to entities outside its re... (more story)
The US government on Wednesday announced the launch of a task force focused on protecting Americans from scam centers based in Southeast Asia. Americans lost at least $10 billion in 2024 to Southeast Asia-base... (more story)
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Comunicaciones Celulares, the Millicom subsidiary that did business as TIGO Guatemala, reached a deferred prosecution agreement with US authorities and agreed to a $118 million penalty. The agreement, unsealed... (more story)
When US authorities announced a massive illegal gambling bust in October that involved professional basketball players, officials said at a press conference that the sports betting companies that had processed... (more story)
In 2010, as JP Morgan Chase retained convicted sex offender Jeffrey Epstein as a client, its anti-money laundering compliance team worked on a project to protect the bank from misuse by human traffickers. The ... (more story)
The targeting of an alleged Cambodian scam factory by US and UK enforcers with sanctions measures can be seen a positive step in Anglo-American relations, but it’s unclear whether the action will herald a new ... (more story)
Handing the UK’s financial markets regulator responsibility for supervising accountancy and law firms in relation to money laundering is a bold move, but questions remain as to how the new “super regulator” wi... (more story)
The US Treasury Department’s financial intelligence unit, which has been on a deregulatory tear in recent months, told banks Thursday they should file fewer reports about suspicious transactions. Financial ins... (more story)
A new rule from the US Commerce Department expands the universe of entities covered by export controls and may increase the risks of failing to comply with a trade regulation considered a priority for criminal... (more story)
Where will £5.5 billion in Bitcoin seized by UK authorities from a Chinese fraud end up? Chinese investors eyeing a slice could face an uphill battle in recouping their losses. UK civil recovery proceedings we... (more story)