Money Laundering

Money Laundering

White House Calls for Stricter Regulations on Cryptocurrency in New Report

As a follow up to President Biden’s Executive Order on March 9 that asked various federal agencies to issue official reports that examine the risks and benefits of cryptocurrencies, the White House this week released a proposed framework for the development and regulation of digital assets. The framework ...Read More

‘The Largest Financial Seizure Ever’ – DoJ Recovers Billions In Bitcoin From 2016 Bitfinex Hack, Couple Arrested

Ilya Lichtenstein and his wife, Heather Morgan, were arrested in Manhattan on Tuesday morning and face federal charges of conspiracy to commit money laundering and conspiracy to defraud the United States. “Today’s arrests, and the Department’s largest financial seizure ever, show that cryptocurrency is ...Read More

Morgan Stanley Took Millions from Venezuelan Businessman Accused of Money Laundering

Morgan Stanley, Interactive Brokers, and other financial advisory firms are being investigated by U.S. authorities for managing roughly $100 million belonging to Venezuelan businessman Luis Mariano Rodriguez Cabello, The Wall Street Journal reported. Rodriguez, the cousin of former Venezuelan oil minister and ambassador to the United Nations Rafael ...Read More