With @rebackermann, wrote about crypto & regulation & fraudsters & money laundering & whistleblowers https://www.latimes.com/opinion/story/2023-01-15/crypto-ftx-bitcoin-coinbase
Poppy Alexander
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- 176 Following
- 18 Posts
Corp fraud attorney helping whistleblowers tell their stories
2022 was a huge year for money laundering enforcement -- not only do we have a newly expanded whistleblower program, we saw a bunch of huge govt settlements in this space (many about crypto!) https://constantinecannon.com/whistleblower/top-ten-money-laundering-enforcement-actions-2022/
Top Ten Money Laundering Enforcement Actions of 2022 - Constantine Cannon
2022 was a big year for money-laundering enforcement. It marked the first full year that the new FinCEN money laundering whistleblower office was up and running. And, even more remarkably, by the end of the year, the FinCEN program expanded to welcome whistleblowers with information related to sanctions violations after Constantine Cannon attorneys called for […]
Today's Money Stuff summarizes why all SPACs are scams even when they're not frauds so so well
https://twitter.com/matt_levine/status/1612512840887242752?cxt=HHwWgMC4zdT45eAsAAAA
https://twitter.com/matt_levine/status/1612512840887242752?cxt=HHwWgMC4zdT45eAsAAAA
Greg ShillAfter years when the SEC was Tesla's primary regulator, NHTSA seems determined to make up for lost time.
Federal regulators at NHTSA are looking into this Musk Tweet, the AP reports
https://apnews.com/article/elon-musk-technology-accidents-business-df0f198b4e900e29f51f674e2e7a01b4
🐦🔗: https://twitter.com/samjmintz/status/1612479064090214405
Feds reviewing Musk tweet about disabling driver monitoring
DETROIT (AP) — A tweet from Elon Musk indicating that Tesla might allow some owners who are testing a “Full Self-Driving” system to disable an alert that reminds them to keep their hands on the steering wheel has drawn attention from U.S.
Anthony DeRosaFederal prosecutors are examining American hedge funds’ dealings with cryptocurrency exchange Binance as part of a long-running investigation into potential violations of money-laundering rules at one of the world’s leading crypto companies. https://www.washingtonpost.com/technology/2023/01/07/binance-subpoenas-crypto-trading/
We have a new guide up about the amazing anti-corruption potential of the expanded anti-money laundering whistleblower program. Check it out!
Anti-Money Laundering Whistleblower Program - Constantine Cannon
Whistleblowers can receive awards for reporting violations of the Bank Secrecy Act and sanctions laws In 2021, the United States took a critical step for anti-money laundering (AML) enforcement by creating a long overdue AML whistleblower program. The new whistleblower program, was passed as part of the Anti-Money Laundering Act of 2020 (AMLA), part of the […]
Ann LiptonGood moment to plug my blog posts about this:
https://lawprofessors.typepad.com/business_law/2022/12/the-meaning-of-ftx-part-deux.html
and
https://lawprofessors.typepad.com/business_law/2022/12/the-meaning-of-ftx.html
U.S. securities regulator probes FTX investors' due diligence | “sources said SEC inquiries may mean the VCs & investment funds that invested in FTX could face regulatory scrutiny even if they are considered victims of Bankman-Fried's alleged scheme.” https://www.reuters.com/technology/us-securities-regulator-probes-ftx-investors-due-diligence-sources-2023-01-05/
🐦🔗: https://twitter.com/anatalonbeck/status/1611375654871924737
FinCEN's audit of SARs to find where and how Russian oligarchs panic-moved their money post invasion last year is... interesting to say the least
https://www.fincen.gov/sites/default/files/2022-12/Financial%20Trend%20Analysis_Russian%20Oligarchs%20FTA%20_Final.pdf
https://www.fincen.gov/sites/default/files/2022-12/Financial%20Trend%20Analysis_Russian%20Oligarchs%20FTA%20_Final.pdf
Talked to @bloombergnews about how and why auditors ended up in the messy business of crypto auditing & why they’re now racing for the exits https://news.bloombergtax.com/financial-accounting/auditors-spurn-crypto-after-ftx-misleading-reserve-estimates
Auditors Spurn Crypto After FTX, Misleading Reserve Estimates
In the rush to reassure customers and the markets, crypto exchanges like Kraken and Binance Holdings Ltd. in 2022 touted auditor-provided tests of their reserves testing to show customer deposits were safe. But those reports failed to reassure jittery customers and regulators.