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

FTX Founder Sam Bankman-Fried Agrees to Extradition to US
FTX Founder Sam Bankman-Fried Agrees to Extradition to US
December 19, 2022  |  Cryptocurrency

FTX founder Sam-Bankman Fried has reportedly agreed to be extradited to the United States.  His legal team is working out the details, bringing Bankman-Fried that...

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Bankman-Fried Expected to Allow Extradition, Leave Bahamas Jail Behind
Bankman-Fried Expected to Allow Extradition, Leave Bahamas Jail Behind
December 18, 2022  |  Cryptocurrency

FTX founder Sam Bankman-Fried will reportedly not fight extradition to the U.S. That’s according to a Saturday (Dec. 17) report from Reuters, citing a source...

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FTX Crypto Founder Denied Bail, Will Spend Holidays in Bahamian Jail
FTX Crypto Founder Denied Bail, Will Spend Holidays in Bahamian Jail
December 13, 2022  |  Cryptocurrency

The former billionaire founder of the failed FTX crypto exchange has been denied bail.   As a result, Sam Bankman-Fried will spend the holidays in a...

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Sam Bankman-Fried Arrested in Bahamas and Faces Extradition to US 
Sam Bankman-Fried Arrested in Bahamas and Faces Extradition to US 
December 12, 2022  |  Cryptocurrency

FTX founder Sam Bankman-Fried has been arrested in the Bahamas.  The U.S. Attorney’s Office for the Southern District of New York (SDNY) announced the move...

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Coinbase Says Law Enforcement Requests Up 66% From Last Year
Coinbase Says Law Enforcement Requests Up 66% From Last Year
December 12, 2022  |  Cryptocurrency

Cryptocurrency exchange Coinbase is fielding more information requests from government agencies and law enforcement.  The firm said Monday (Dec. 12) in a blog post that...

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Federal Prosecutors Meet With FTX Bankruptcy Team
Federal Prosecutors Meet With FTX Bankruptcy Team
December 08, 2022  |  Cryptocurrency

FTX’s new CEO has reportedly met with federal prosecutors.  John J. Ray III — who was appointed FTX’s CEO last month — and bankruptcy lawyers...

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FTX Collapse Was Old Tricks Powered by New Technology
FTX Collapse Was Old Tricks Powered by New Technology
November 29, 2022  |  Cryptocurrency

The collapse of FTX has spurred calls for greater oversight of the crypto industry. But the appropriate regulatory tools and methods may already exist, hidden...

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Jyske Bank Accused of AML Violations by Danish Regulators
Jyske Bank Accused of AML Violations by Danish Regulators
November 28, 2022  |  AML

Danish regulators have reported Jyske Bank for possible anti-money laundering (AML) violations.  Denmark’s Financial Supervisory Authority (FSA) said the lender’s due diligence methods had “significant shortcomings,”...

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Turkey Investigates Sam Bankman-Fried, Seeks Seizure of ‘Suspicious’ FTX Assets
Turkey Investigates Sam Bankman-Fried, Seeks Seizure of ‘Suspicious’ FTX Assets
November 27, 2022  |  Cryptocurrency

Add Turkey to the list of countries investigating Sam Bankman-Fried — or SBF — founder of the failed cryptocurrency platform FTX. PYMNTS reported earlier this...

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