The Securities and Exchange Commission (SEC) has announced charges against the former co-CEOs of Bitwise Industries, a private technology services startup based in Fresno, California. The charges against Jake Soberal and Irma Olguin Jr. stem from allegations of misleading investors about the company’s finances, the SEC said in...
Four of Sam Bankman-Fried’s closest friends have testified against him in his criminal trial. Over the better part of four weeks, U.S. prosecutors have brought out witness after witness describing the various financial crimes that occurred at the collapsed multibillion-dollar cryptocurrency exchange FTX under the direction of the 31-year-old co-founder and...
Singapore-based company Silent Eight, which uses artificial intelligence (AI) to combat financial crimes such as money laundering and terrorist financing, reportedly aims to be ready for an initial public offering (IPO) by the end of 2025. The firm aspires to list on the Nasdaq in the...
Four Inc. has partnered with Chainalysis to equip government agencies with the necessary tools to monitor, analyze and combat illicit activities within blockchain networks. This collaboration brings together Four Inc.’s capabilities as a top 100 government contractor and Chainalysis’ blockchain analysis and investigation platform to enhance blockchain analysis...
December 06, 2023
PYMNTS Intelligence recently found that more than 40% of financial institutions (FIs) see increasing fraud and financial crime. This advancing wave likely poses a significant threat to the financial services industry. Security is a top concern, and these institutions need cutting-edge tools to fight this rising tide of fraud and financial crime. FIs typically use […]
November 09, 2023
The Securities and Exchange Commission (SEC) has announced charges against the former co-CEOs of Bitwise Industries, a private technology services startup based in Fresno, California. The charges against Jake Soberal and Irma Olguin Jr. stem from allegations of misleading investors about the company’s finances, the SEC said in a Thursday (Nov. 9) press release. Soberal and Olguin are […]
September 22, 2023
Singapore-based company Silent Eight, which uses artificial intelligence (AI) to combat financial crimes such as money laundering and terrorist financing, reportedly aims to be ready for an initial public offering (IPO)...
August 29, 2023
Four Inc. has partnered with Chainalysis to equip government agencies with the necessary tools to monitor, analyze and combat illicit activities within blockchain networks. This collaboration brings together Four Inc.’s capabilities as a...
August 24, 2023
TD Bank has disclosed that it is cooperating with inquiries from regulators and law enforcement regarding its compliance with anti-money laundering rules. The bank made this disclosure in its report to shareholders for...
