News

The U.K. Financial Conduct Authority imposed a £3.5 million penalty on the local affiliate of Coinbase for repeatedly onboarding new, high-risk customers in violation of restrictions on the U.S.-based cryptocurrency exchange, ACAMS moneylaundering.com reported. More Sinaloa cartel co-founder Ismael "El Mayo" Zambada and high-ranking leader Joaquin Guzman, son of Joaquin "El Chapo" Guzman, have been apprehended in the U.S. on suspicion of trafficking drugs and laundering the profits, The New York Times reported. More Virginia-based defense contractor RTX, formerly Raytheon Technologies, has set aside $1.2 billion to cover anticipated federal penalties, some of which may arise from an investigation into...