Enforcement

AML / KYC

New York Woman Charged for Financing Terrorist Groups With Crypto

By Editors | 06/02/2023

The case is one of the rare cases worldwide where cryptocurrency is alleged to have financed terrorism, said Manhattan District Attorney Alvin Bragg.

Crypto / Digital Assets

US Authorities Probe Crypto Bank Silvergate Over FTX Dealings

By Editors | 06/02/2023

The criminal probe is said to be focused on Silvergate’s dealings with the now-bankrupt FTX and Alameda Research, and its hosting of accounts tied to both companies.

Enforcement

UK FCA Blocked Over 8,500 Misleading Ads Last Year

By Editors | 06/02/2023

The FCA will continue to put pressure on those using social media to illegally promote investments. In July, it will also introduce the new ‘Consumer Duty’.

Crypto / Digital Assets

“My Big Coin” Crypto Founder Gets Eight Year Jail Sentence

By Sam Chen | 04/02/2023

In the first sentencing of a crypto founder for a marketing fraud, prosecutors said Randall Crater defrauded investors of more than $7.5mn.

AML / KYC

AFP Dismantles Chinese-Australian Money Laundering Syndicate

By Editors | 03/02/2023

Police seized over AUD 150 million in assets including crypto, and charged nine individuals including a NAB banker with money laundering.

AML / KYC

Singapore to Further Develop Financial Forensics Capabilities

By Editors | 03/02/2023

The Singapore Police Force and the Institute of Singapore Chartered Accountants will cooperate to advance the development of financial forensics in Singapore.

Enforcement

Barclays, UBS Face Scrutiny Over Ties to Sanctioned Russian

By Editors | 03/02/2023

The beneficial ownership of ten offshore trusts owned by Russian oligarch Roman Abramovich was changed shortly before he was sanctioned in the EU and UK.

Enforcement

South Korea Arrests Shipping Agent for DPRK Sanctions Violations

By Editors | 03/02/2023

The shipping agent was detained on charges relating to illegal shipments of diesel to North Korea conducted between October 2021 and January 2022.

Crypto / Digital Assets

Crypto Firm Celsius Operated as Ponzi Scheme, Report Says

By Editors | 01/02/2023

Celsius, now in bankruptcy, used customer funds to prop up the price of its own token for years, including to allow insiders to cash out.