Category: News
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Missing FTX Funds Traced to Russian-Connected Launderers
The mystery of who stole more than $400 million from FTX, a cryptocurrency exchange that collapsed into bankruptcy last year, may be closer to being solved.
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Panama’s Ex-president Sentenced to 10 Years in Prison for Corruption
A court in Panama has convicted former President Ricardo Martinelli of money laundering and sentenced him to 10 years and eight months in prison, in a case that could have implications for the country’s 2024 elections.
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Qatar Drops Nine Places in Global Corruption Index After World Cup Controversies
The drop in Qatar’s score comes amid widespread criticism and controversy over its human rights record, its treatment of migrant workers, its laws on homosexuality, and its alleged bribery in the bidding process for the World Cup.
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NatWest Fined £265m For Failing to Prevent Money Laundering by Gold Traders
The bank pleaded guilty to three offences under the UK’s Money Laundering Regulations 2007 in October, becoming the first financial institution to face criminal prosecution by the FCA under anti-money laundering laws.