Money laundering is an illegal process that makes large amounts of money generated from criminal activities, such as drug trafficking or terrorism financing, appear to be legitimate proceeds. Money from criminal activity is considered dirty, and this proc

How many investment scams start with "love" and end with "margin". When love scams progress to "investment", "margin" is the most common tactic at the end of an investment scam, making people fall deeper and deeper into the trap, eventually losing

The Australian Securities and Investments Commission (ASIC) announced today that it has revoked the Australian Financial Services (AFS) license held by Crown Wealth Group Pty Ltd (Crown Wealth). The company has entered voluntary administration.

The Monetary Authority of Singapore (MAS) today launched COSMIC, a money laundering and terrorism financing information sharing platform, the first centralized digital platform designed to facilitate the sharing of customer information among financial ins

Recently, the New Zealand Financial Market Regulatory Authority (FMA) issued a warning against cloned entities and activities pretending to be BTCSWE. According to information provided by the FMA, BTCSWE is a legally operating cryptocurrency exchange in N

The Cyprus Securities and Exchange Commission (CySEC) has outlined its regulatory priorities for 2024, with plans to strengthen regulation of companies engaged in cross-border activities to reduce the risk of complex financial products such as contracts f

On the 28th of the month, FTX co-founder Sam Bankman Fried was sentenced to 25 years in prison, marking the final chapter in a case that overturned the encryption industry. US District Judge Lewis A. Kaplan announced the verdict in the Manhattan Federal C

In today's society, the concept of investment and financial management is deeply rooted in the hearts of the people, and "making money make money" is an urgent need for many people. Some criminals have fully grasped the psychology of such people and to

German financial watchdog BaFin has issued a warning over the activities of two companies, one of which allegedly facilitates trading in contracts for difference (CFDs). Taurumax.com, a purported company based in Frankfurt and Vienna, has been accused by

Following the blocking of five websites that provide financial services without authorization on March 25, the Italian Financial Services Supervisory Authority (CONSOB) has once again taken action against fraudulent financial services and has ordered the