FTX under "active" civil and criminal investigation: Bahamas AG
The Bahamas Securities Commission, the Prime Minister's Financial Intelligence Unit and a Financial Crimes Unit are all implicated in the FTX survey.
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The Bahamas Attorney General (AG) and Minister of Legal Affairs, Ryan Pinder, has confirmed that the collapse of crypto exchange FTX is the subject of an “active and ongoing” investigation by authorities in the Bahamas. the Caribbean nation.
In a nationwide statement broadcast live on the Prime Minister's Office Facebook page on November 27, Pinder explained that the "business of FTX Digital Markets" is under the control of "civil and criminal authorities." and Bahamian authorities are working with "a number of specialists and experts and will continue to do so as needed".
“The Securities Commission, our Financial Intelligence Unit and the Royal Bahamas Police Force Financial Crimes Unit will continue to investigate the facts and circumstances regarding FTX's insolvency crisis and any potential breaches of the Bahamian law,” he added.
Pinder also disclosed that the relevant Bahamian authorities will try to hold accountable any company or individual found guilty of wrongdoing during the investigation, while cooperating with other regulators and law enforcement agencies. law enforcement around the world.
“These events remind us of the lessons learned from securities and other financial regulations on the need for strong cross-border cooperation. The public around the world will be best served by strong international regulatory cooperation. he said.
The Bahamas Securities Commission suspended FTX Digital Markets (FDM)'s license to operate and stripped its directors of power on November 10.
On November 12, they ordered the transfer of all FDM digital assets to a commission-owned digital wallet for "custody".
Pinder mentioned that the country's regulatory authority has taken...
The Bahamas Securities Commission, the Prime Minister's Financial Intelligence Unit and a Financial Crimes Unit are all implicated in the FTX survey.
New
The Bahamas Attorney General (AG) and Minister of Legal Affairs, Ryan Pinder, has confirmed that the collapse of crypto exchange FTX is the subject of an “active and ongoing” investigation by authorities in the Bahamas. the Caribbean nation.
In a nationwide statement broadcast live on the Prime Minister's Office Facebook page on November 27, Pinder explained that the "business of FTX Digital Markets" is under the control of "civil and criminal authorities." and Bahamian authorities are working with "a number of specialists and experts and will continue to do so as needed".
“The Securities Commission, our Financial Intelligence Unit and the Royal Bahamas Police Force Financial Crimes Unit will continue to investigate the facts and circumstances regarding FTX's insolvency crisis and any potential breaches of the Bahamian law,” he added.
Pinder also disclosed that the relevant Bahamian authorities will try to hold accountable any company or individual found guilty of wrongdoing during the investigation, while cooperating with other regulators and law enforcement agencies. law enforcement around the world.
“These events remind us of the lessons learned from securities and other financial regulations on the need for strong cross-border cooperation. The public around the world will be best served by strong international regulatory cooperation. he said.
The Bahamas Securities Commission suspended FTX Digital Markets (FDM)'s license to operate and stripped its directors of power on November 10.
On November 12, they ordered the transfer of all FDM digital assets to a commission-owned digital wallet for "custody".
Pinder mentioned that the country's regulatory authority has taken...
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