Securities Firms | Certain Risk

Chinese Crypto-Launderer Pleads Guilty in London Court

A woman accused of running a multibillion-pound investment fraud in China has pleaded guilty in London to laundering bitcoin linked to the scheme.

Citigroup London office tower — London MMB »1W7 CitiGroup Centre by mattbuck, licensed under [CC BY-SA 2.0-Share Alike Generic]. Source: Wikimedia Commons. Edited version used.

HK Regulator Bans Ex-Citi Asia Equities Head for Poor Compliance

Hong Kong has banned Richard Charles Heyes, Citigroup’s former head of pan-Asia equities, from re-entering the financial industry for five years after finding him liable for regulatory breaches.

JPMorgan to Pay $330 Million to Resolve 1MDB Case in Malaysia

JPMorgan Chase will pay $330 million to the government of Malaysia to settle claims that it facilitated the processing of $800 million in fraudulent transactions linked to the looting of Malaysia’s sovereign wealth fund, 1MDB.