CRA team members led a transactional lookback that reviewed four years of dollar-clearing activity performed by the U.S. branch of a global financial institution. The independent monitorship, which was conducted in coordination with Federal and New York State banking regulators, involved the review of more than 8 million international wires and uncovered more than $700 million in suspicious activity, including evidence of terrorist financing, violations of U.S. sanctions, and money laundering.
Cryptocurrency as Digital Quicksilver: Capturing the value, preserving the estate, managing the risks
The Takeaways As cryptocurrencies continue to grow in relevance to the global economy, bankruptcy trustees and federal equity receivers will continue to...