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Midweek Roundup: SBF Trial Begins, FinCEN Prepares Real Estate Rules, and More

U.S. prosecutors told federal jurors in New York that Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, committed fraud on a massive scale, stole client funds and spent them on expensive real estate, political contributions and advertisements featuring celebrities, the Guardian reported. More The U.S. Financial Crimes Enforcement Network plans to publish a long-awaited proposal to extend anti-money laundering rules to the real-estate sector by the end of this year, ACAMS moneylaundering.com reported. More The U.K. Financial Conduct Authority fined a London brokerage almost £6.5 million for AML violations that persisted for years despite warnings from regulators, moneylaundering.com...

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