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Anti-Money Laundering & Compliance News
The IRS continues to chase U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions with a new court order allowing a summons for customer records.
The suspects laundered as much as RMB 40 billion, according to Hengyang county police.
A 42-year-old Airlie Beach woman was arrested on September 19 in relation to alleged fraud and forgery offences totalling more than $2.2 million.
Special Judge Shailendra Malik granted Fernandez the relief on a personal bond of Rs 50,000 and posted the matter for further hearing on October 22
Interpol has asked law enforcement agencies worldwide to find and arrest Do Kwon, founder of the failed cryptocurrency Terra.
Measures to drive dirty money out of the UK and bring in stronger powers to tackle illicit activity have been presented to Parliament.
Scalping focuses on making money off of slight price swings. Crypto scalpers use this method to reap quick gains from reselling assets.
Ethereum birthed a new phase in the crypto space. Predominately, cryptocurrencies, or rather DeFi projects were just made for payments and various forms of transactions and investments as seen in Bitcoin (BTC), but Ethereum (ETH) made room for smart contracts and the creation of decentralized applications.
Police have arrested a woman who they say managed and directed the smuggling of hundreds of undocumented immigrants over the last six months.
The names of the companies involved were not disclosed.
Galaxy Digital’s co-head of trading, Robert Bogucki, is leaving for BH Digital, the crypto unit of Brevan Howard, according to two people familiar with the matter.
State Treasurers Support SAFE Banking For Cannabis, Anti-Money Laundering Specialist Weighs In
German police raided a lakeside villa registered to Russian-Uzbek oligarch Alisher Usmanov in the southern state of Bavaria on Wednesday as part of investigations into suspected money-laundering, sources familiar with the matter said.
New legislation to clamp down on money laundering could give the SRA unlimited powers to fine firms involved in facilitating economic crime.
In today’s uncertain global economic climate, financial institutions (FIs) such as banks are exposed to a wide variety of risks with little room for error.
The latest price moves in crypto markets in context for Sept. 21, 2022.
Money laundering for organized criminal activity rose in Israel 12.2% over the course of 2021 compared to 2020, according to a new report by the Jewish state’s Authority for the Prohibition of Money Laundering and Terrorist Financing.
German police this morning launched a raid on properties belonging to sanctioned Russian oligarch Alisher Usmanov on the shore of Lake Tegernsee in southern Bavaria.
Aiden Pleterski bought ads disguised as news articles on websites like the Daily Caller to promote himself.
NICE NICE recently announced Actimize Compliancentral, a cloud-based, end-to-end communications monitoring and trade compliance solution that will expand the platform’s footprint in the financial services domain.
The Delhi Police will now question Bollywood actress Jacqueline Fernandez’s stylist Leepakshi as part of a broadening investigation into the extortion case connected to imprisoned conman Sukesh Chandrashekhar in order to “explore the money trail of gifts handed to the star’” by Sukesh.
South Korea’s Financial Intelligence Unit (FIU) extends its comprehensive anti-money laundering and compliance inspection into crypto exchange Bithumb for two more days.
A Beachwood man has been charged with money laundering and theft in an elaborate scheme to syphon funds from a Toms River car dealership where he was in charge of digital advertising,
The exchange said it is open to working with crypto-native firms.
ackers have stolen around $160 million worth of cryptocurrency from crypto market maker Wintermute, the company said Tuesday.
A Homosassa, Florida man pleaded guilty in federal court today to his role in a $223,000 money-laundering conspiracy, which was part of an email hacking scheme that targeted a program at Fort Leonard Wood, Mo., as well as victims in Tennessee and Idaho.
Yes, crypto has limitations. But the traditional banking system is a more attractive place for money laundering regardless.
Over the course of a decade, Mongolia has implemented a series of interlinked laws and reforms relating to the transparency of corporate ownership.
Guiding a client through a US government investigation requires advising on a myriad of complex strategic decisions. This article outlines certain critical considerations for companies and their counsel as they navigate criminal, civil and regulatory investigations, whether being led by the Department of Justice or an agency such as the Securities and Exchange Commission, the Commodity Futures Trading Commission or the Office of Foreign Assets Control.
The U.S. Treasury Department is asking the public to comment on how crypto may be used for financial crime and the risks associated with digital assets.
The CEO and co-founder of Electric Capital, Avichal Garg, shares his views on the projects that will explode in the next bull cycle.
The Biden White House has just released its first-ever framework on what crypto regulation in the U.S. should look like -including ways in which the financial services industry should evolve to make borderless transactions easier, and how to crack down on fraud in the digital asset space.
Australia’s financial crimes authority, AUSTRAC, is investigating the state-owned Perth Mint in a move that could have wide-reaching ramifications, not only for the WA government, but also for taxpayers.
The 57-year-old was arrested by the ED on 30 May under criminal sections of the Prevention of Money Laundering Act
Eight individuals have been indicted by a federal grand jury in Boston for their alleged roles in elaborate money laundering and money transmitting conspiracies that laundered tens of millions of dollars’ worth of drug trafficking proceeds, as well as a trade-based scheme that used stolen and/or fraudulent gift cards to purchase and ship thousands of Apple products internationally.
Spanish police have arrested one of Europe’s most wanted suspects for money laundering, Europol has said.
An Emirati delegation led by the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (Executive Office for AML/CTF) participated in the Cambridge International Symposium on Economic Crime alongside international partners committed to combating financial crime.
The Central Bank has reprimanded and fined Danske Bank a total of €1.82m for three breaches of anti-money laundering laws.
Online gambling growth in the US has been exponential. But what repercussions does it have on money-laundering and other financial crimes? Let’s Explore…
Drawing on its more than two decades of experience in helping compliance professionals effectively fight illicit finance around the globe, ACAMS will host a 3-day training and networking event for its 21st Annual AML & Anti-Financial Crime Conference – Las Vegas.
Former Maharashtra minister Nawab Malik, arrested in a money laundering case, was dealing with fugitive underworld don Dawood Ibrahim’s sister Hasina Parkar and there was no question of him being innocent, the Enforcement Directorate (ED) told a speccourt here on Wednesday.
Racing Team Nederland team owner/driver jailed in Dutch money laundering investigation…
Report by government agency highlights efforts to combat ‘increasingly sophisticated’ methods of financial crime
Defense contracting company Amentum has won a potential five-year, $500 million contract award from an office within the U.S. Department of Treasury for financial crime prevention and investigation services.
The Ethereum blockchain, the largest behind bitcoin, is about to undergo the beginnings of a major upgrade.
The electronic payment provider is permanently closing operations due to the inability to satisfactorily meet the standards of the FCA after suspending operations for three years.
A Los Angeles-based businessman has been indicted on charges of money laundering in an email phishing scam that cost Virginia Commonwealth University $470,000.
Several experts and executives from the sector attended the virtual conference, which addressed current issues and challenges
Today, Featurespace, the leading provider of enterprise financial crime prevention software, announced the release of a new report, “The State of Fraud and Financial Crime in the U.S.” conducted in conjunction with
Fraud’s rise has touched the majority of businesses and financial institutions (FIs) – and many are struggling to find ways to address the increasing sophistication of criminal attacks.
The industry is baring its teeth in a long-fought battle over spot exchange-traded funds, getting set to issue a report critical of how the regulator has handled itself.
New UK government requirements for trust registration under the anti-money laundering (AML) and counter terrorist financing (CTF) regulations have come into force.
The Australian financial crimes regulator said on Monday it opened an investigation into British sports betting giant Entain Plc (ENT.L) to assess whether it was complying with anti-money laundering and counter-terrorism financing laws.
A Vienna court on Monday found an Austrian arms lobbyist guilty of money laundering related to European defence giant EADS, now renamed Airbus.
Luna Classic has tumbled from $0.00058 to $0.00033 since September 8. One trader believes it still has a long way to go.
All eyes in crypto are on the merge-and not just the Ethereum crowd. The event matters for Bitcoiners and everyone else.
Bitcoin, ATOM, APE, CHZ and QNT are facing resistance at higher levels, but the chart patterns suggest that the current recovery may extend for a few more days.
Former Kansas Secretary of State Kris Kobach resigned Friday from the board of directors of We Build the Wall, a nonprofit recently accused of money laundering and fraud, the Kansas City Star reports.
Steve Bannon, who was arrested earlier this week in connection with a scheme to build a border wall on the US-Mexico border, said the experience of being handcuffed marked one of his favorite days.
Bob Ainsworth of Marlborough went with the “write about what you know” concept in writing a series of books set in Nantucket, all dealing with financial fraud.
Polychain Capital and Framework Ventures led the funding round.
Colombia will focus its anti-drug fight on weakening traffickers’ financial power and will continue forced eradication of coca crops, the country’s new national police director said in his first interview with international media.
Former Trump adviser surrendered to authorities in Manhattan in connection with fundraising scheme for US-Mexico border wall
K2 Integrity, the preeminent financial crimes risk management, compliance, investigations, and monitoring firm, today announced the launch of its first office in the United Arab Emirates (UAE) which will be located in Abu Dhabi Global Market and overseen by Daniel L. Glaser, Global Head of Jurisdictional Services for K2 Integrity and Head of its Washington, D.C. office.
Myanmar is likely to be blacklisted by a global finance watchdog for failing to head off money laundering and terrorist financing, in a critical blow to the military regime’s economic credentials.
Some analysts said impending monetary tightening could add to a global rout across major asset classes such as equities and crypto.
Nigerians can defeat terrorism and related crimes such as terrorism financing and money laundering if all the security agencies in the country agree to work in synergy by sharing intelligence, the Director General of the Department of State Services, Alhaji Yusuf Bichi Magaji, has said.
On his first day on his new job as Paraguay’s Secretary of Prevention against Money Laundering (Seprelad), said his country was better equipped now to face the challenges posed by Tuesday’s report from the Latin American Financial Action Task Force (Gafilat) which resulted in his appointment.
The Sandiganbayan also says its order for the arrest of the wife and sons of former major general Carlos Garcia stands
U.S. federal prosecutors asked Binance, the world’s largest cryptocurrency exchange, to provide extensive internal records about its anti-money laundering checks, along with communications involving its chief executive and founder Changpeng Zhao, according to a late-2020 written request seen by Reuters.
The U.S. Federal Reserve’s campaign against inflation might not be finished until you’ve lost money on bitcoin (BTC).
A lawyer for a Russian man accused of money laundering who was extradited to the US last month has lobbied Moscow to include his client in prisoner exchange negotiations with the US government.
The ED had in July arrested Chitra Ramkrishna (who had taken over as the MD of the exchange from Narain) and former Mumbai Commissioner of Police Sanjay Pandey in the case.
The UK’s largest wealth manager, St James’s Place (SJP), has partnered with anti-money laundering (AML) regtech Napier to upgrade its financial crime defences.
Be honest. Do you consider ESG (environmental, social and corporate governance) indicators and AML (anti-money laundering) compliance slightly tiresome but necessary processes to avoid regulatory fines or the reputational risk of being labelled non-compliant?
The unit was set up after the force’s criminal asset confiscation command had seized more than $600 million from the proceeds of crime since its inception in February 2020.
The money laundering section of the U.S. Department of Justice (DOJ) is reportedly probing into the records of crypto exchange Binance and its CEO, Changpeng Zhao.
Allen Weisselberg, chief financial officer of Donald Trump’s company and one of his most trusted executives, pleaded guilty to tax violations on Thursday, further complicating the former president’s legal woes.
Allen Weisselberg, chief financial officer of Donald Trump’s company and one of his most trusted executives, pleaded guilty to tax violations on Thursday, further complicating the former president’s legal woes.
Ben Langhofer, a financial planner and single father of three in Wichita, Kansas, decided to start a side business. He had made a handbook for his family, laying out core values, a mission statement, and a constitution. He wanted to help other families put their beliefs into a real book, one they could hold and display.
An audit by Swiss financial authorities revealed that the country is presently ill-equipped to properly investigate and deter cases of money laundering across multiple economic sectors.
Ian and Dylan Macalinao, who used a web of secret identities to juice the value of a Solana DeFi project, are “no longer affiliated with” Protagonist VC, said the firm they started.
U.S. federal prosecutors asked Binance, the world’s largest cryptocurrency exchange, to provide extensive internal records about its anti-money laundering checks, along with communications involving its chief executive and founder Changpeng Zhao, according to a late-2020 written request seen by Reuters.
Defense Minister Gantz says terror group manages hundreds of millions in investments through a network of shell companies in various countries
The request was made by federal prosecutors in late 2020.
Germany is intending to create a new financial crime authority that would seek to bring together several areas under one umbrella, according to Reuters.
Thevamanogari Manivel used money to buy Melbourne property before supreme court granted freeze on her bank account
In September 2020, Buzzfeed News and a coalition of other investigators dropped a bombshell on the world of international finance and law enforcement. A leaked set of documents from the U.S. Treasury’s Financial Crimes Enforcement Network, or FinCEN, showed a disturbing pattern of lax enforcement
Michel was told he could not leave the country even as Fugees planned a world tour
Georgia, one of the world’s most cryptocurrency-friendly countries, is moving to introduce new crypto regulations to pursue its ambitions of becoming a global crypto hub.
In its first foray into the crypto sector, the House Committee on Oversight and Reform is dialing up the pressure on federal agencies and crypto exchanges to protect Americans from fraudsters.
Swiss legislation is lagging behind in the fight against money laundering, and “seldom anticipates developments at international level”, the Swiss Federal Audit Office (SFAO) has warned.
Germany’s recent reforms to combat money laundering have received mixed reviews from an international watchdog, citing cross-border cash smuggling risks and lack of coordination among domestic authorities as causes of concern.
The legal expansion of iGaming across the US – specifically online sports betting – has increased financial crime concerns among compliance experts.
India’s Enforcement Directorate (ED) has searched five premises connected with cryptocurrency company CoinSwitch on alleged money laundering charges, according to a media report.
CNBC’s Jim Cramer on Tuesday implored investors to stay away from speculative assets such as cryptocurrencies, warning that they will continue to struggle during the ongoing Federal Reserve tightening cycle.
In the present case of corruption related to the NSE co-location scam, the ED has alleged that a firm illegally tapped the phones of NSE employees, purportedly on Chitra Ramkrishna’s directions.
Kyle Roche allegedly approached Ripple’s CEO to invest in a law firm that would target competitor firms with lawsuits like those Ripple was facing in the United States.
Leo Bonnell wants the industry he worked in for decades to step up now
Crime can be an important signal that something in society needs reforming, writes David Z Morris. Financial surveillance that attempts to completely prevent crime could just make things worse in the long run. This piece is part of CoinDesk’s Sin Week.