News

Republican staffers on the Senate Banking Committee are blocking inclusion of anti-money laundering legislation, the Establishing New Authorities for Businesses Laundering and Enabling Risks to Security Act, in an annual defense spending bill despite the measure having already passed the House and Senate, The Washington Post reported. More FTX formed part of a structure of more than 100 subsidiaries and affiliates across dozens of mostly offshore jurisdictions, an arrangement that allegedly allowed founder Sam Bankman-Fried to secretly use customer deposits to bet on other companies through one of those entities, Alameda Research, Quartz reported, citing bankruptcy filings in Delaware. More...