Financial Crime

Financial crime is defined as crime that is specifically committed against property. These crimes are almost always committed for the personal benefit of the criminal, and they involve an illegal conversion of ownership of the property that is involved.

Source: complyadvantage.com

Justice Department Wants to Hear From Possible Victims in Bankman-Fried Case
Justice Department Wants to Hear From Possible Victims in Bankman-Fried Case
January 09, 2023  |  Cryptocurrency

U.S. prosecutors want to hear from anyone who thinks they’ve been defrauded by Sam Bankman-Fried. The U.S. Attorney’s Office for the Southern District of New...

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Nigeria Continues Crackdown on Cash Economy
Nigeria Continues Crackdown on Cash Economy
January 05, 2023  |  Cash

Nigeria will ban cash withdrawals from government accounts from March 1. Modibbo Tukur, the chief executive of the Nigerian Financial Intelligence Unit (NFIU) said the...

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US Seizing Shares and Accounts Linked to FTX
US Seizing Shares and Accounts Linked to FTX
January 04, 2023  |  Cryptocurrency

The United States is seizing assets that are linked to bankrupt crypto exchange FTX. The Wall Street Journal (WSJ) reported Wednesday (Jan. 4) that the...

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FTX Founder Sam Bankman-Fried Claims Innocence in Federal Arraignment
FTX Founder Sam Bankman-Fried Claims Innocence in Federal Arraignment
January 03, 2023  |  Cryptocurrency

Disgraced crypto executive Sam Bankman-Fried has pled “not guilty” to criminal charges brought against him. In a Manhattan federal courtroom on Tuesday (Jan. 3), the...

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FTX: Bahamas Seized Digital Assets Without Authorization
FTX: Bahamas Seized Digital Assets Without Authorization
January 02, 2023  |  Cryptocurrency

FTX claimed the Securities Commission of The Bahamas seized its digital assets without authorization.  The firm and its affiliated debtors — together referred to as...

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Prosecutors Suspicious of Bankman-Fried Crypto Wallets
Prosecutors Suspicious of Bankman-Fried Crypto Wallets
January 02, 2023  |  Cryptocurrency

Prosecutors are reportedly investigating transactions involving crypto wallets associated with Sam Bankman-Fried.  Blockchain analysts have spotted more than $1 million being moved from these accounts...

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Bahamas Securities Commission Reports Seizing $3.5B in FTX Assets
Bahamas Securities Commission Reports Seizing $3.5B in FTX Assets
December 30, 2022  |  Cryptocurrency

The Bahamas’ Securities Commission seized $3.5 billion from FTX just after the company’s bankruptcy. The regulator announced the seizure Thursday (Dec. 29), saying the cryptocurrency...

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Bankman-Fried Judge Recuses Self Over Potential Conflict
Bankman-Fried Judge Recuses Self Over Potential Conflict
December 26, 2022  |  Cryptocurrency

The judge overseeing the case against Sam Bankman-Fried has recused herself, citing a potential conflict. According to court documents filed Friday (Dec. 23), federal judge...

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Bahamian Judge Approves Extradition of Sam Bankman-Fried to US
Bahamian Judge Approves Extradition of Sam Bankman-Fried to US
December 21, 2022  |  Cryptocurrency

A Bahamas judge has approved the transfer of Sam Bankman-Fried to the United States.  The decision came after the FTX founder’s lawyer said in court...

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