TD Bank Pleads Guilty and Pays $3 Billion to Settle Money-Laundering Case
Posted inBanking and Financial Institutions Canada Federal Reserve System Fines (Penalties) Justice Department Money Laundering Regulation and Deregulation of Industry TD Bank Group United States

TD Bank Pleads Guilty and Pays $3 Billion to Settle Money-Laundering Case

The penalty was the largest ever imposed by U.S. officials on a bank for violating anti-money laundering laws, and regulators imposed a cap on TD’s ability to accept new deposits.
2 Stole $230 Million in Cryptocurrency and Went on a Spending Spree, U.S. Says
Posted inBitcoin (Currency) Crime and Criminals Federal Bureau of Investigation Frauds and Swindling Justice Department Lam, Malone Los Angeles (Calif) Miami (Fla) Miami Shores (Fla) Money Laundering Robberies and Thefts Serrano, Jeandiel Virtual Currency Washington (DC)

2 Stole $230 Million in Cryptocurrency and Went on a Spending Spree, U.S. Says

Malone Lam, 20, and Jeandiel Serrano, 21, schemed to obtain 4,100 Bitcoin from a single victim, federal prosecutors said.
Can Tech Executives Be Held Responsible for What Happens on Their Platforms?
Posted inComputers and the Internet Durov, Pavel Valeryevich (1984- ) Freedom of Speech and Expression Mobile Applications Money Laundering Musk, Elon Regulation and Deregulation of Industry Sex Crimes Social Media Telegram LLC Terrorism

Can Tech Executives Be Held Responsible for What Happens on Their Platforms?

The arrest of Pavel Durov, Telegram’s founder, as part of an investigation into illicit activities on the messaging app set off worries about the personal liability of tech executives.