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

‘Not a Get Out of Jail Free Card:’ Boies Schiller’s Dan Boyle on Crypto’s Regulatory Reset
‘Not a Get Out of Jail Free Card:’ Boies Schiller’s Dan Boyle on Crypto’s Regulatory...
April 23, 2025  |  Cryptocurrency

The U.S. government’s evolving approach to crypto regulation could mark a pivotal moment for payments innovation. “There’s certainly a change in how the administration views...

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OKX Catches Crypto Regulators’ Eye Following Bybit Hack
OKX Catches Crypto Regulators’ Eye Following Bybit Hack
March 11, 2025  |  Cryptocurrency

European cryptocurrency regulators are reportedly examining the OKX exchange following a record heist. Last month, the trading platform Bybit was the victim of a $1.5...

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Treasury Department to Limit Enforcement of Corporate Transparency Act
Treasury Department to Limit Enforcement of Corporate Transparency Act
March 03, 2025  |  Regulation

The Treasury Department said Sunday (March 2) that it will not enforce the Corporate Transparency Act’s penalties and fines associated with the beneficial ownership information...

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Paytm Subsidiaries Catch Attention of Indian Financial Crime Watchdog
Paytm Subsidiaries Catch Attention of Indian Financial Crime Watchdog
March 02, 2025  |  Regulation

Paytm has received a show-cause notice from India’s financial crime-fighting agency. The notice pertains to an alleged violation of India’s Foreign Exchange Management Act, the...

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This Week in Crypto: Markets Shed $800 Billion but Keep Hope for Mainstream Adoption
This Week in Crypto: Markets Shed $800 Billion but Keep Hope for Mainstream Adoption
February 26, 2025  |  Cryptocurrency

Volatility is the name of the game when it comes to crypto markets, and this week offered participants more of the same: an $800 billion...

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OKX Crypto Exchange Fined $500 Million for Anti-Money Laundering Violations
OKX Crypto Exchange Fined $500 Million for Anti-Money Laundering Violations
February 26, 2025  |  AML

The operator of the OKX cryptocurrency exchange has admitted to breaking anti-money laundering (AML) laws. As part of the plea, Aux Cayes FinTech — doing business as OKX —...

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Crypto Exchange Bybit Reports Hack, Analysts Estimate $1.5 Billion Loss
Crypto Exchange Bybit Reports Hack, Analysts Estimate $1.5 Billion Loss
February 21, 2025  |  Cryptocurrency

Cryptocurrency exchange Bybit said Friday (Feb. 21) that a cyberattacker stole some of its holdings. In its posts on X about the incident, the company did not...

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SEC Replaces Crypto Unit With Team to Probe ‘Cyber-Related Misconduct’
SEC Replaces Crypto Unit With Team to Probe ‘Cyber-Related Misconduct’
February 20, 2025  |  Security & Fraud

The Securities and Exchange Commission has created a unit to protect retail investors against fraud. The Cyber and Emerging Technologies Unit (CETU), announced by the...

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Adoption of AI in Cybersecurity Grows, but Experts Say Risks Remain High
Adoption of AI in Cybersecurity Grows, but Experts Say Risks Remain High
January 21, 2025  |  Cybersecurity

With scams, fraud and new ways for criminals to commit financial crimes springing up seemingly by the hour, the World Economic Forum 2025 in Davos, Switzerland,...

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