Global Regulators Back Tougher Rules to Prevent Criminals from Using Crypto

SEC fine for cryptocurrency trading company

Cryptocurrency firms could be forced to take greater steps to combat money laundering under new guidelines released on Thursday by the Financial Action Task Force, an international body that coordinates government policy on illicit finance. The task force called on governments to broaden regulatory oversight of crypto firms and force more of them to take… Continue reading Global Regulators Back Tougher Rules to Prevent Criminals from Using Crypto

Georgia Insurance Commissioner Indicted for Fraud

Consumer fraud, scams

Georgia Insurance Commissioner Jim Beck has been indicted on charges of wire fraud, mail fraud and money laundering. A federal grand jury on Tuesday issued a 38-count indictment against the former insurance lobbyist and long-time leader of the Georgia Christian Coalition, alleging he committed fraud through a series of insurance-related schemes. The proceeds of the… Continue reading Georgia Insurance Commissioner Indicted for Fraud