Tag Archives: money laundering

Criminals Use U.S. Based Crypto Exchange

A Wall Street Journal investigation has found that nearly $90 million in criminal proceeds have flowed through supposedly anonymous cryptocurrency exchanges since 2016, allowing the money men to launder their ill-gotten gains. The WSJ calls out one such exchange run … Continue reading

Posted in balance, Banking, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , | Leave a comment

Swiss Loosen Money Laundering Rules For Fintechs

In a move counter to today’s legal tightening, Swiss banking authorities are loosening rules to counter money laundering for small new fintech companies. The regulator, FINMA, has determined that “small” institutions are those with gross revenues under 1.2 million Swiss … Continue reading

Posted in accredited investor, Banking, Banks, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, Dodd Frank, fraud, Investments, Jobs, Legislative Intent, review, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Terrorists Using Crypto-Currencies

“Donate anonymously with Cryptocurrency” and that’s the issue as the appeal is often coming from ISIS and other jihadists typically through the message app Telegram. Money laundering laws world wide have increasingly been focusing on “know your customer” and trying … Continue reading

Posted in accredited investor, balance, Banks, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, discrepancies, fraud, Funding Portals, review, SEC, technology, VC, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Broker Objects To Bitcoin Futures

Crowdfunded Initial Coin Offerings (ICOs) have now surpassed early stage venture capital investments. CNBC reports: “In 2017, there has been 92 ICOs which collectively have raised $1.25 billion.” The Chicago Mercantile Exchange stated that Bitcoin futures will begin to trade … Continue reading

Posted in accredited investor, balance, Banking, Broker dealers, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, technology, VC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

EU Determines Crowdfunding Offers A Minimal Terrorist Threat

The European Commission released in July an assessment of the risks of money laundering and terrorist financing for crowdfunding. The report states that the threat from crowdfunding “is based on the anonymity offered by the online presence and the worldwide … Continue reading

Posted in accredited investor, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Get a Call From the SEC? It’s a Scam!

Have you received a call from the Securities and Exchange Commission ? If so, it’s a scam. In defense of this rash of telephone fraud, the SEC has issued an Investor Advisory. It says that “the SEC will never endorse investment … Continue reading

Posted in accredited investor, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Today’s Crowdfunding Webinar

Crowd-Funding” in Business Ventures: Raising Capital from the Public – 1 CLE hour https://m360.atlantabar.org/event.aspx?eventID=99402&instance=0 “Crowd-funding” is an innovation under securities law that allows companies to raise capital from small investors using certain online platforms. Companies are able to raise capital from … Continue reading

Posted in Broker dealers, Charity, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, States, Tax, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment