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Taylor Swift agreed to FTX partnership, but the crypto exchange bailed, source tells CNBC

admin Bankruptcy, Cryptocurrency, Due Diligence, Fraud, Investigation, Unregistered Securities July 6, 2023

Taylor Swift signed and agreed to a sponsorship deal with bankrupt crypto exchange FTX after months of discussion before executives at FTX decided not to go through with the deal, a person familiar with the matter told CNBC. The nature of the agreement, previously ...Read More

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The Regulatory Breakdown Behind the Collapse of Silicon Valley Bank

admin Banks, Congress, Dodd-Frank, Federal Reserve, Regulators, Risk Management March 20, 2023

In the wake of Silicon Valley Bank’s collapse, which set off panic in the financial sector and concern across the global economy, a crucial question has been whether regulators could have intervened sooner. Recent reporting has indicated that, more than a year ago, the San Francisco ...Read More

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DOJ and SEC are investigating Silicon Valley Bank’s failure

admin DOJ, Investigation, SEC, Securities and Exchange Commission March 15, 2023

The US Justice Department and Securities and Exchange Commission are opening investigations into the collapse of Silicon Valley Bank, according to sources familiar with the matter. The federal investigations are in their preliminary stages, a source said, and are looking into both the bank’s failure ...Read More

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SEC Chair Gary Gensler Is Staffing Up To Investigate The Crypto Industry

admin Compliance Jobs, Cryptocurrency, Hiring, SEC, Securities and Exchange Commission March 7, 2023

In the wake of the collapse of FTX and subsequent charges filed against the company and some of its executives, regulators are cracking down on cryptocurrency markets. In my experience as the founder of a compliance executive search firm, once the SEC ramps up ...Read More

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FTX fiasco puts crypto back into regulators’ crosshairs

admin Assets, Bailout, Cryptocurrency, Lending, Market Manipulation, Regulators, Securities and Exchange Commission, Trading November 11, 2022

As Binance walks away from bailing out rival crypto exchange FTX, the rapidly unfolding saga is putting crypto on U.S. regulators’ radars yet again. “It does not matter that these are global exchanges. It feeds the narrative that crypto companies are taking excessive risks ...Read More

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Cryptocurrency and anti-money laundering enforcement

admin Anti-Money Laundering, Cryptocurrency, KYC September 29, 2022

For many decades, the U.S. government has required financial institutions to take steps to help detect and prevent financial crimes including money laundering and terrorist financing. Federal law requires financial institutions to keep records of cash purchases of negotiable instruments, file reports of cash ...Read More

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