News

Midweek Roundup: SBF Pleads Not Guilty, Coinbase Lands Record AML Penalty, and More

Former FTX CEO Samuel Bankman-Fried pleaded not guilty in Manhattan to engaging in wire fraud and conspiring to launder money, Reuters reported. More New York's Department of Financial Services tagged Coinbase with $100 million in anti-money laundering penalties and remediation expenses, ACAMS moneylaundering.com reported. More Western nations are closely monitoring court proceedings in Canada that represent the first attempt to redistribute assets seized from blacklisted Russian oligarchs to Ukraine, the National Post reported. More A delegation of investigators from France, Germany and Luxembourg will visit Lebanon in January as part of a global embezzlement and money laundering investigation into Riad...

TO READ THE FULL STORY