#fortresstrust — Public Fediverse posts

Just in case you were wondering why yes, there is a #crypto angle to the massive #TDBank money laundering scandal.

Turns out a big chunk of the fines levied by #FinCen for the massive drug money laundering facilitated by TD Bank was because "over $420 million [sent] to a financial institution offering cryptocurrency services in the high-risk jurisdiction of #Colombia."

Curious if anyone has any guesses as to what crypto company that is or was.

edit: my current guess is that the crypto company is #Kado, a Colombian company that trades crypto for cash and prepaid debit cards and uses #FortressTrust (FKA #PrimeTrust, a #Nevada company long rumoured to be connected to the italian mafia), to do (probably fake) KYC/AML.

#drugcartels #stockmarket #banking #banks #finance #moneylaundering #uspol #canada #canadapol #canadianpolitics #cryptocurrency #bitcoin #BTC #USDT #USD #crime #cartels #drugcartels #organizedCrime

Ripple Backs Out of Fortress Trust Acquisiton, Citing Change in Strategy - In a surprising turn of events, Ripple CEO Brad Garlinghouse announced today that the fin... - https://cryptonews.com/news/ripple-backs-out-of-fortress-trust-acquisiton-citing-change-strategy.htm #blockchainnews #fortresstrust #acquisition #swanbitcoin #bitcoinetf #ripple

Ripple Acquires Crypto Financial Services Company Fortress Trust - Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Tru... - https://news.bitcoin.com/ripple-acquires-crypto-financial-services-company-fortress-trust/ #cross-borderpayments #enterprisesolutions #nevadatrustlicense #regulatorylicenses #bradgarlinghouse #cryptocurrency #fortresstrust #duediligence #receivership #scottpurcell #tokenization #acquisition #blockchain #primetrust #liquidity #finance

Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection - Shortly after the custodian Bitgo announced its acquisition of the company Prime T... - https://news.bitcoin.com/custodian-prime-trusts-payments-subsidiary-banq-files-for-chapter-11-bankruptcy-protection/ #primetrustsubsidiary #unauthorizedtransfer #financialstruggles #fortressnftgroup #banqbankruptcy #assettransfer #fortresstrust #acquisition #swanbitcoin #bankruptcy #primetrust #stablecoin