Core Viewpoint - A forensic investigation by CapitalWatch indicates systemic compliance risks and potential financial crimes within AppLovin Corporation, suggesting that primary shareholder Hao Tang may have circumvented global AML controls to inject funds from China and Southeast Asia into U.S. capital markets [1] Group 1: Compliance Risks - The investigation highlights significant compliance risks associated with AppLovin, raising concerns about the company's adherence to anti-money laundering (AML) regulations [1] - Allegations suggest that funds from international sources may have been funneled into the U.S. without proper oversight [1] Group 2: Financial Impact - Following the news, shares of AppLovin experienced a decline of approximately 5% in premarket trading, reflecting investor concerns over the allegations [1]

Coinbase Europe Limited settled with the Central Bank of Ireland over a 2021–2022 coding error in its transaction monitoring system that left some transactions partially unscreened. Coinbase later filed about 2,700 STRs involving €13 million. The CBI imposed a €21.5 million fine. Coinbase said the issue was fixed within weeks and AML controls have been strengthened.https://t.co/Fn44TH6HRP ...

OKX CEO Star stated that the Huione Group has caused significant negative impact in the crypto asset sector. In light of its potential risks, OKX has implemented strict AML controls on transactions involving the group. All crypto asset deposits and withdrawals related to Huione will be subject to compliance review. Based on results, OKX may take measures such as freezing funds or terminating account services. https://t.co/l4nmJMJdQ5 ...