by Jyotsna Bucktowar | Jul 2, 2024
The SEC charged Silvergate and its executives with misleading investors about the company’s losses from expected securities sales and its dire financial condition during a liquidity crisis and bank run following FTX’s collapse. Silvergate and Martino...
by Jyotsna Bucktowar | Jul 1, 2024
US prosecutors revealed that drug traffickers chose Citigroup for ML due to its perceived weaker fraud controls. In January 2021, two California residents deposited nearly $36,000 in illicit cash at Citi ATMs by splitting the amount into smaller transactions to avoid...
by Jyotsna Bucktowar | Jun 12, 2024
JAG Advisors, deceived approximately nine investors by misrepresenting nearly every aspect of the fund, including its performance and risks. The principal of JAG Advisors, allegedly diverted $1.1 million for personal expenses such as travel and jewellery, and lost...
by AdrianaAMLP | Jun 7, 2024
The Year in Review is intended to help stakeholders gain insight into the collection and use of Bank Secrecy Act data, including FinCEN’s efforts to support law enforcement and national security agencies.
by Jyotsna Bucktowar | Jun 7, 2024
A recent report by anti-corruption advocacy organizations reveals that over the past 20 years, at least $2.6billion of illicit or suspicious funds have been invested in commercial real estate in the US…
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