Money laundering
Malaysia charges ex-PM Muhyiddin with sedition over alleged remarks on royalty
Malaysia’s former prime minister Muhyiddin Yassin arrives at a prayer ceremony in Kuala Lumpur, Malaysia on 9 March, 2023. Mat Zain | Nurphoto | Getty Images Malaysia has charged opposition leader and former Prime Minister Muhyiddin Yassin with sedition for allegedly insulting the country’s former king, his lawyer said on Tuesday. Muhyiddin, who led Malaysia for 17 months between 2020 and 2021, was charged at […]
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An HSBC-backed startup is working with AI to support banks struggle money crime — and eyeing a Nasdaq IPO
The co-founders of Silent 8, from left to ideal: Michael Wilkowski, Julia Markiewicz and Martin Markiewicz. Silent Eight WARSAW — When it arrives to financial crime, banking companies can usually be “just one final decision away from a enormous mess,” Martin Markiewicz, CEO of Silent Eight told CNBC. Which is due to the fact the hazard […]
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Malaysia is not discounting the possibility of lawsuits versus Goldman Sachs, states Anwar Ibrahim
ShareShare Post through FbShare Article through TwitterShare Write-up by way of LinkedInShare Short article through Email Anwar Ibrahim, Malaysia’s prime minister, tells CNBC’s Martin Soong as part of The CNBC Dialogue, that his region will have to reopen negotiations with Goldman Sachs on the 1MDB funds laundering scandal. He stated he’s “not discounting the possibility […]
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Mozambique ex-finance minister denied bail in New York over $2 billion ‘tuna bond’ scandal
Mozambique’s former finance minister, Manuel Chang (pictured right here in 2019), has been deemed a flight risk. Wikus De Damp | Afp | Getty Photos A U.S. federal decide ruled that Mozambique’s former finance minister, Manuel Chang, need to stay driving bars when awaiting trial for fraud in the notorious “tuna bond” scandal which served […]
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Congress considers crypto buyer safety monthly bill that Sam Bankman-Fried backed just before FTX collapse
Senator Debbie Stabenow (D-MI) speaks at a news convention at the U.S. Capitol in Washington, DC, March 16, 2021. Kevin Dietsch | Pool via Reuters The shocking collapse of cryptocurrency trade FTX has improved the urgency in Congress to fully grasp what went improper and pass laws to attempt to protect against yet another debacle […]
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Law enforcement in China arrest gang who laundered $1.7 billion by way of crypto even right after Beijing’s crackdown
Police in China arrested 63 people accused of laundering as considerably as 12 billion Chinese yuan ($1.7 billion) through cryptocurrency, amid Beijing’s intensive crackdown on the investing of digital coins. Starting from Could 2021, the prison gang allegedly employed the proceeds from illicit sources together with pyramid techniques, fraud and gambling and converted it into […]
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FTX-owned company staying made use of to launder hundreds of hundreds of thousands ‘hacked’ from FTX, researchers say
Hackers who stole all around $477 million value of cryptocurrency from collapsed exchange FTX have started out to launder the funds into bitcoin. This thirty day period, soon after FTX submitted for personal bankruptcy, new CEO John Ray III explained that “unauthorized accessibility to specific assets has transpired.” Blockchain analytics organization Elliptic estimates that close […]
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