Payroll Startup Deel Accused Of Money Laundering, Sanctions Failures In Ponzi Scheme Lawsuit

Deel Slapped With Federal RICO Lawsuit Alleging Money Laundering

The human resources outsourcing company Deel has been hit with a federal RICO lawsuit. The lawsuit accuses the Silicon Valley company of operating as part of an international scheme to evade U.S. sanctions against Russia and flout money laundering regulations. The allegations in the complaint were brought forward by Melanie Damian, a court-appointed receiver tasked with recovering damages from a 2023 Securities & Exchange Commission (SEC) enforc…

NEWS: Deel moves to dismiss lawsuit making ‘inaccurate, baseless’ money laundering claims - AML Intelligence

BY PAUL O’DONOGHUE, Senior Correspondent HUMAN resources and payroll startup Deel will file to dismiss a lawsuit which it said made “baseless” claims that the company facilitated money laundering. A federal lawsuit filed in Florida claims Deel facilitated financial transfers linked to a fraudulent operation targeting elderly church members. The lawsuit, first reported by The Information, alleges that Deel’s payment services were used to move fun…

Crypto Debanking Claims Back in Focus as CryptoLaw Wields Details of Deel Class Action Suit

CryptoLaw accuses the FDIC of criminally misplaced priorities amid crypto debanking debate. Over the past few years, claims that federal banking regulators, particularly the Federal Deposit Insurance Corporation (FDIC), have intentionally put the squeeze on banks to cut the crypto industry off have been a raging topic amongst crypto proponents. This issue has again come to the fore based on recent facts buried in a seemingly unrelated case. Cryp…

Payroll Startup Deel Accused Of Money Laundering, Sanctions Failures In Ponzi Scheme Lawsuit

Deel, a human resources and payroll startup founded by MIT alumni Alex Bouaziz and Shuo Wang, has been accused of a money laundering lawsuit alleging its involvement in a Florida-based Ponzi scheme. The suit claims Deel facilitated fund transfers tied to the fraudulent operation, prompting questions about the company’s anti-money laundering (AML) and sanctions compliance protocols. The Information reported that a federal lawsuit filed in Florida…