Category: Crime
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British Virgin Islands accused of ‘shameful’ bid to sidestep financial crime crackdown
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The British Virgin Islands (BVI) is facing increasing criticism from Westminster due to controversial plans to restrict transparency on companies ownership, which prompted accusations of a “shameful” effort to protect the role of specialization in money laundering and tax evasion. A newly released consulting paper, proposing to limit the public’s…
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Kamala Harris won’t say how she voted on California crime measure
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Vice President Kamala Harris She declined on Sunday to say how she voted on A Key ballot measure In her home state of California, it would reverse criminal justice reforms approved in recent years. Harris responded to a question about the ballot initiative in comments to reporters while campaigning in…
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Starling Bank fined £29m for ‘shockingly lax’ financial crime controls
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Starling Bank has been fined £29m by the Financial Conduct Authority (FCA) over “shockingly lax” financial crime controls that left the UK financial system exposed to criminals and sanctioned individuals. The Financial Supervision Authority’s investigation revealed that the digital bank failed to design and implement appropriate systems to mitigate the…
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Former FTX-tied politician accused of campaign finance crime
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Michelle Bond, the partner of former FTX CEO Ryan Salameh, has been charged with violating US campaign finance laws, according to an unsealed indictment. Michelle Bond, a former congressional candidate, accused Funding her failed 2022 New York House campaign with money from an unspecified cryptocurrency exchange based in the Bahamas.…
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Coinbase UK Subsidiary Penalized £3.5 Million For Breaching Anti-Financial Crime Agreement
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The cryptocurrency world has seen its fair share of regulatory challenges, with the latest episode involving the UK arm of prominent cryptocurrency exchange, Coinbase. The Financial Conduct Authority (FCA), the UK’s financial regulator, has imposed hefty fees on A fine of £3.5 million ($4.5 million) CB Payments Limited (CBPL), a…
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Russian soldiers returning home are sending crime higher
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Russia sent so many men to join its war in Ukraine, that crime levels in the country fell shortly after the invasion began. Now their comeback is unleashing a wave of abuse. Crimes committed by soldiers not related to the war rose by more than 20% last year, according to…
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Crypto crime is rising, investigators need more
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As cryptocurrency use cases increase, tracking cryptocurrency-related crimes is becoming more difficult, according to a new report. Cryptocurrency-related crimes and investigations, as revealed in a new analysis by Chainalysis a report, has become complex and resource-intensive compared to regular criminal investigations. This adds to the critical role that public sector…
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Crypto crime is rising, investigators need more
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As cryptocurrency use cases increase, tracking cryptocurrency-related crimes is becoming more difficult, according to a new report. Cryptocurrency-related crimes and investigations, as revealed in a new analysis by Chainalysis a report, has become complex and resource-intensive compared to regular criminal investigations. This adds to the critical role that public sector…
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Code is not a crime, and Alexey Pertsev should be free
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Disclosure: The views and opinions expressed here are solely those of the author and do not represent the views and opinions of crypto.news editorial. The recent 64-month prison sentence handed down by a Dutch court to Tornado Cash developer Alexei Burtsev sends a shocking message to the tech community: the…