British Virgin Islands-domiciled crypto 'stablecoin' group Tether has been fined $41 million for fraud by the US Commodity Futures Trading Commission, which also fined BVI crypto exchange Bitfinex $1.5 million for unlicensed activity and other offenses.
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Webinar: The ICIJ's 'Pandora Papers' Investigation
The ICIJ discussed its ‘Pandora Papers’ investigation into financial secrecy during a free OffshoreAlert webinar. held on Friday, October 8 Based on “11.9 million leaked records”, the ICIJ describes the investigation as “the largest in journalism history” and says it “exposes a shadow financial system that benefits the world’s most rich and powerful”.