Tigran Gambaryan has been detained in Nigeria since February [Getty Images] An executive from cryptocurrency firm Binance has pleaded not guilty to money laundering charges in a Nigerian court. US citizen Tigran Gambaryan was arrested in February, along with his colleague Nadeem Anjarwalla, a British-Kenyan dual national. Their detention came as Nigeria accused Binance of […]
Former Sacramento City Councilman Sean Loloee and three workers from his supermarket chain were named in a new federal indictment unsealed Friday, with Loloee now accused of filing false tax returns and cheating workers out of pay they were owed. The superseding indictment names Loloee and his supermarket general manager, Karla Montoya, who were both […]
Wen Jian will be sentenced in May.Crown Prosecution Service Jian Wen was convicted of money laundering offense in a court in London on Wednesday. In 2021, police seized 61,000 bitcoin from digital wallets linked to the Chinese takeaway worker. Wen converted the crypto into cash and other assets on behalf of an international fraudster. A […]
The public prosecutor’s office in the southern German city of Munich is investigating suspicions of money laundering at the insolvent Signa Group owned by Austrian entrepreneur René Benko, a spokeswoman told dpa on Wednesday. The spokeswoman for the investigating authority did not name any specific suspects when asked by dpa, but she pointed out that […]
A federal jury found a former investigator with the Waller County District Attorney’s office guilty of money laundering and attempted possession with intent to distribute heroin, the U.S. Attorney’s Office for the Southern District of Texas announced Tuesday. Alex Kassem transported heroin and cartel money in his marked police vehicle, between San Antonio, Houston and […]
HONG KONG (AP) — Hong Kong customs officials have arrested seven people linked to the territory’s largest ever money laundering case, involving about 14 billion Hong Kong dollars ($1.8 billion) some of it linked to a scam case in India. The seven local residents, aged between 23 and 74, were part of a large-scale transnational […]
WASHINGTON (AP) — The Biden administration is stepping up efforts to stop dirty money from flowing through the U.S. financial system with a slew of new rules aimed at increasing corporate transparency and regulating occupations that are exploited for money laundering. As the second anniversary of Russia’s invasion of Ukraine approaches and the war in […]
WASHINGTON (AP) — The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system. The Treasury Department’s Financial Crimes Enforcement Network — known as FinCEN — proposed a regulation on Tuesday that would require […]
WASHINGTON (AP) — The Biden administration wants to make residential real estate transactions more transparent by unmasking the owners of certain all-cash purchases. It’s part of an ongoing effort to combat money laundering and the movement of dirty money through the American financial system. The Treasury Department’s Financial Crimes Enforcement Network proposed a regulation on […]
JPMorgan Chase CEO Jamie Dimon is done talking about Bitcoin—again. In a CNBC interview from Davos, a visibly amused Dimon declared he was swearing off opining about the crypto currency. When asked about the new Bitcoin ETF the Securities and Exchange Commission approved last week, Dimon interrupted CNBC host Andrew Ross Sorkin, also of The […]
MANILA (Reuters) – The Philippines is hopeful of being taken off the money laundering ‘grey list’ of the Financial Action Task Force (FATF) of this year, the country’s Anti-Money Laundering Council said on Tuesday. The FATF, an intergovernmental organisation combating money laundering and terrorism financing, added the Philippines to the list in June 2021 for […]