Tag: Financial Crime

The U.S. Supreme Court has handed the SEC an important enforcement win. In Sripetch v. SEC, the Court ruled that the agency does not need to prove measurable investor losses before seeking disgorgement of illegal profits. For financial operators, promoters, and crypto schemes, the message is clear: illegal gains remain exposed.

Belgian prosecutors are reportedly investigating Wise over possible AML compliance failures linked to approximately €500 million in suspicious transactions. The case highlights the growing regulatory pressure on large payment institutions and cross-border fintech platforms.

Israeli lawyer Moshe Strugano, long exposed by FinTelegram as one of the legal facilitators of the Israeli binary-options fraud industry, has reportedly been arrested in Greece at the request of U.S. authorities. According to Calcalist, the arrest relates to the U.S. insider-trading case over Ormat’s 2018 acquisition of U.S. Geothermal, in which Strugano allegedly made around $1.2 million in illicit profits.

The roughly $280 million Drift Protocol exploit is rapidly turning into a defining compliance test for the stablecoin sector. A proposed class action accuses the US stablecoin issuer Circle of standing by while attackers allegedly moved more than $230 million in stolen USDC through Circle-linked infrastructure instead of freezing the assets. The case strikes at the core of Circle’s regulatory narrative: if USDC is marketed as a controlled, compliance-friendly digital dollar, why was that control not used when it mattered most?

On Monday, the UK financial watchdog issued its Enforcement Performance Report. In 2018/19, the Financial Conduct Authority (FCA) issued...