Bastion Capital London, a now-defunct broker that traded over 70 billion pounds ($90 billion) worth of Danish and Belgian stocks for hedge fund Solo Group clients, has been fined for serious crime control failings in the latest London "cum-ex" crackdown.
Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday, while three federal regulatory agencies sued him and his company.
Panama expects international financial-crime watchdog FATF to remove it this October from a watch list for nations deemed to be doing too little to fight money laundering, the country's deputy finance minister said, adding that other intergovernmental groups might follow suit.
The U.S. Justice Department will on Wednesday announce results of a nationwide health care fraud and opioid enforcement action against 87 people in 14 districts involving more than $2.6 billion in fraud, the department said in a statement.
New York's attorney general on Wednesday accused nursing home operator Centers Health Care and its owners of stealing $83 million in government funds while understaffing its facilities, resulting in widespread neglect, illness and death among residents.