05.21.18

UK fails to tackle Russian money laundering: MPs

The UK's combative response to an alleged Russian state-sponsored attack on a former spy is being undermined by a failure to stop dirty money from flowing through London.



05.21.18

Six-month extension for Hong Kong's Fraud and Money Laundering Intelligence Taskforce marks unit's uncertain future

A full-scale review will take place in coming months as sources warn that if the task force's potential is not realised, city risks losing big banks to other jurisdictions with more effective systems



05.21.18

Why Gibraltar's crypto gambling regulation is important and what to expect from it?

Gibraltar is one of the world's biggest gambling hubs. The industry enjoys very low taxes and some of the biggest names in the industry have their success roots in this Mediterranean U.K overseas territory.



05.21.18

Can Venezuela survive another Maduro victory?

As Venezuelan President Maduro seeks another six-year term Sunday, it is clear that he-like the rest of the country- is running on empty.



05.21.18

Banking royal commission: CBA reputation set for another battering

As the Commonwealth Bank reels from a school banking scandal where thousands of children's bank accounts were fraudulently activated by staff as part of a widespread scam to meet aggressive performance targets and earn bonuses, its reputation is set for another battering in round three of the royal commission.



05.18.18

Solving a blockchain conundrum: Biometrics could recover lost encryption keys

Blockchain could one day solve the online privacy problem by scrambling personally identifiable information and issuing each person a random strings of bits- a private key- created specifically for unscrambling their data.



05.18.18

Malaysia police raid ex-PM house as part of corruption probe

Malaysian police spent hours early Thursday searching former Prime Minister Najib Razak's house, reportedly part of a money-laundering investigation linked to a state investment fund that is being investigated abroad.



05.18.18

Cyberlaundering: from ghost Uber rides to gibberish on Amazon

we all have a stake in stopping cybercrime, which also enables so many other crimes, from human trafficking and migrant smuggling to trafficking in drugs, illicit firearms and wildlife, and money laundering," , the director general at the United Nation's Office on Drugs and Crime, this week.



05.18.18

Wells Fargo altered documents about business clients

Wells Fargo recently discovered that some workers altered documents about business customers, raising new concerns about the embattled bank's internal system of checks-and-balances.



05.18.18

Turkey welcomes back foreign cash, no questions asked

The Turkish economy is in the grips of serious turmoil as the country heads to early presidential and parliamentary polls next month. The government is hard-pressed to contain the woes, especially the ongoing slump of the Turkish lira and skyrocketing foreign exchange prices.



05.16.18

Hezbollah Said to Be Laundering Money in South American Tri-Border Region

Hezbollah, the Iran-backed Lebanese militia designated as a terror group by the U.S., is tapping a money-laundering ministate in Latin America that poses an escalating risk to U.S. national security, according to a report published Tuesday.



05.16.18

Japanese Criminals Embrace Cryptos for Money Laundering

Organized crime groups in Japan are quickly adopting cryptocurrencies to launder money and conduct other criminal activities because of the anonymity digital assets provide.



05.16.18

Gov. Hogan signs bill to launch investigation into Baltimore police corruption

As Baltimore Police Commissioner Darryl De Sousa resigned Tuesday morning, Gov. Larry Hogan signed a bill into law that will launch a new investigation into whether senior officials in the agency knew of recent corruption scandals before they went public.



05.16.18

How Peer-To-Peer Financing Could Open Up the Property Market to Millennials

Over recent decades, student loans have become a common means of financing a university education for all but the wealthiest families. In the US alone, student debts now amount to more than $1.4 trillion, making them second only to mortgages as the largest source of consumer debt.



05.16.18

Circle Raises $110 Million, Plans to Create Dollar-Pegged Cryptocurrency

Goldman Sachs-backed cryptocurrency startup Circle has raised $110 million in an investment round led by Chinese virtual coin mining giant Bitmain Technologies, Circle said on Tuesday.



05.15.18

Corrupt Chinese company on Telstra shortlist

A Chinese company shortlisted to build Telstra's next superfast mobile network and critical West Australian technology infrastructure has bribed foreign officials and faced US criminal penalties for sanctions busting.



05.15.18

Singapore releases best practice papers to combat money laundering and financial crime

On 14 May, the Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP) in Singapore has published two best practice papers for financial institutions to guard against trade-based money laundering and the misuse of company structures for illicit purposes.



05.15.18

Britain's Revenue and Customs Agency: A Central Piece of the Country's Anti-Money Laundering Puzzle

Her Majesty's Revenue and Customs (HMRC), which is best known as Britain's tax collection agency, is also in the forefront of the fight against money laundering. However, its efforts are not always amenable to public scrutiny.



05.15.18

Japan struggles to hamper int'l cryptocurrency money laundering operations

Loose overseas regulation of virtual currencies has prompted increased money laundering among some designated Japanese organized crime groups, with the Mainichi Shimbun confirming one case where a total of some 30 billion yen was funneled through various overseas exchanges since 2016.



05.15.18

African Leaders Urged To Invest In Corruption Prevention Measures

Africa needs to invest in corruption prevention strategies to achieve sustainable development that will not leave anyone behind, says United Nations Under Secretary General and Special Adviser on Africa, Ms. Bience Gawanas.



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