An international commodities trading company pled guilty and paid monetary penalties to resolve DOJ charges for violating the Foreign Corrupt Practices Act. The company had been charged with bribing then-public officials of an Ecuadorian state-owned oil company to secure business advantages and contracts.
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Senator Cynthia M. Lummis (R-WY) and Representative French Hill (R-AR) urged the DOJ to evaluate the extent to which Binance and Tether are supporting terrorism through violations of federal law on material support to entities engaged in terrorism, applicable sanctions laws, and the Bank Secrecy Act.
The New York Attorney General sued a cryptocurrency platform and cryptocurrency lender for operating a fraudulent investment program.
The North American Securities Administrators Association identified the most common threats to retail investors. Among them, NASAA highlighted (i) financial scams tied to emerging technologies and (ii) marketing tactics aimed at appealing to investor emotions.
Two Florida resorts agreed to settle with the DOJ for conspiring to fraudulently obtain loan funds provided under the Paycheck Protection Program.