U.S. prosecutors issued a press release to announce the arrest of Xiaofei Chen for his role in a fraud and crypto money laundering scheme.
The U.S. Attorney’s Office for the Eastern District of Texas announced charges filed against 21 individuals following investigations into a transnational cryptocurrency money laundering network.
Opponent who led court challenge against public beneficial ownership owned offshore legal entities, Emirati authorities resist U.S. attempt to seize Russian yacht, and more, in the weekly roundup.
Fines assessed by the Financial Transactions and Reports Analysis Centre of Canada from April 2021 through March 2022 more than tripled the combined value of those levied during the previous 12 months.
The Financial Conduct Authority imposed a £18,022,500 financial penalty on the London-based firm for activities that demonstrated a lack of integrity, including failing to take reasonable care to organize and control its affairs with respect to potential acts of bribery and corruption.
The Commission de Surveillance du Secteur Financier imposed an administrative penalty on the Luxembourg-based investment firm for anti-money laundering and counterterrorist financing failures.