financial crime
Tencent Faces Possible Record Fine for Anti-Money-Laundering Violations
HONG KONG—Chinese technology giant Tencent Holdings Ltd. TCEHY -5.19% is facing a potential record fine for violations of some central bank regulations by its WeChat Pay mobile network, as Beijing toughens its regulations for fintech platforms, according to people familiar with the matter. Financial regulators recently discovered that WeChat Pay had flouted China’s anti-money-laundering rules …
U.S. Moves to Seize Cryptocurrency Accounts Linked to North Korean Heists
WASHINGTON—U.S. authorities on Thursday moved to seize 280 cryptocurrency accounts they said were used by North Korean hackers who stole more than a quarter of a billion dollars from cryptocurrency companies around the world, including one in the U.S. The U.S. Justice Department said the accounts targeted in the civil forfeiture filing were used by …
Carlos Ghosn Flees Trial in Japan for Lebanon
Carlos Ghosn, the former chief of Nissan Motor Co. and Renault SA, unexpectedly left Japan, where he is facing trial for alleged financial wrongdoing, and arrived in his homeland of Lebanon by Monday, according to people familiar with the matter. Mr. Ghosn’s flight adds a dramatic new chapter to a real-life potboiler that has taken …
GE Is New Target of Madoff Whistleblower
An accounting expert who raised red flags about Bernie Madoff ’s Ponzi scheme has a new target: General Electric Co. GE -7.64% In a research report posted online Thursday, Harry Markopolos alleges the struggling conglomerate has masked the depths of its problems, resulting in inaccurate and fraudulent financial filings with regulators. The report, which numbers …
