An Alabama judge barred the government from collecting certain company ownership data to help the Treasury Department identify money launderers, and called the effort a case of congressional overreach.
Category: Money Laundering
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Why Lobbyists Are Still Fighting Congress on Money Laundering
A law to require disclosure of corporate ownership takes effect Jan. 1. Small businesses and banks say it would be too burdensome and are turning to lobbying and the courts to delay or block it.
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U.S. Case Details Binance’s Knowledge About Criminal Users
The crypto exchange treated them as essential customers, the government said. U.S. authorities want the industry to understand how bad that is for business.
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Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations
Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
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Why Banks Are Suddenly Closing Down Customer Accounts
Surprised individuals and small-business owners can’t pay rent or make payroll, and no one ever explains what they did wrong.
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Sam Bankman-Fried Set to Testify at His Fraud Trial
The FTX founder’s plan to take the witness stand sets up a dramatic few days of testimony at the federal courthouse in Manhattan.
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Fugees’ Pras Says Lawyer Used A.I. for ‘Ineffectual’ Defense
Prakazrel Michel was convicted in April in an illegal foreign influence scheme. In a motion for a new trial, he said his lawyer’s closing argument was “frivolous.”
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Sam Bankman-Fried’s Closest Friends Become His Foes in Courtroom Clash
The FTX founder’s criminal trial has made clear just how much his inner circle has turned against him.
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‘Lied to the World’ or Acted in ‘Good Faith’: Sam Bankman-Fried’s Trial Opens
Prosecutors said the FTX founder had lied to customers. Defense lawyers said he had just been trying to prevent his cryptocurrency exchange from melting down.
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What to Know About Sam Bankman-Fried’s Fraud Trial
Mr. Bankman-Fried is accused of orchestrating a vast scheme to siphon billions of dollars of FTX customer money.
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Crypto Goes on Trial, as Sam Bankman-Fried Faces His Reckoning
The FTX founder’s uphill court battle starts Tuesday, after he has come to symbolize everything that went wrong with the cryptocurrency industry.