06.16.21

Wildlife trafficking: a new frontier for organised financial crime

Pressure is growing on financial institutions to toughen their approach to environmental crime, with G7 leaders vowing to crack down on the illicit fund flows supporting wildlife trafficking and campaign groups warning that the activity has morphed from a conservation issue to a financial crime concern.



06.16.21

UAE Central Bank meets lenders to increase co-operation on anti-money laundering regulations

The Central Bank of the UAE and the Ministry of Foreign Affairs and International Co-operation conducted a meeting with all onshore financial institutions to increase efforts against money laundering, the regulator said on Tuesday.



06.16.21

Wives of Chicago twins who helped convict El Chapo charged in money laundering case

The former head of the U.S. Drug Enforcement Administration's office in Chicago said the women betrayed the U.S. government, which got them out of Mexico after their husbands agreed to cooperate against Sinaloa cartel kingpin Joaquin "El Chapo" Guzman Loera.



06.16.21

Chinese National Pleads Guilty To $20 Million COVID-19 Pandemic Loan Fraud Scheme

Muge Ma, a/k/a "Hummer Mars," Lied that His Phony Companies Had Hundreds of Employees and Paid Millions in Wages to Receive COVID-19 Loan Funds



06.16.21

China is kicking out more than half the world's bitcoin miners - and a whole lot of them could be headed to Texas

China has long been home to more than half the world's bitcoin miners, but now, Beijing wants them out ASAP.



06.15.21

Biden: Ukraine must clean up corruption to be admitted to NATO

President Biden on Monday said Ukraine must root out corruption before it can become a full member of the NATO alliance, something Ukrainian President Volodymyr Zelensky has pushed for.



06.15.21

How to fight money laundering by thinking like launderers

Banks have spent billions of dollars building new systems and controls in a bid to tackle the money laundering problem and have, to a certain extent, succeeded.



06.15.21

Financial crime compliance costs on the rise

The cost of financial crime compliance across financial institutions -including asset managers, banks, and insurance firms - is expected to increase in 2021, according to research by LexisNexis Risk Solutions



06.15.21

Bitcoin soars above $40,000 after Tudor Jones endorsement, Musk's about-face on accepting crypto

Bitcoin's price hopped over $40,000 on Monday following bullish comments by billionaire hedge fund manager Paul Tudor Jones.



06.15.21

Florida Man Guilty in Transnational Money Laundering Operation Involving Elder Fraud

A Floridian who moved to Sulphur Springs, Texas has pleaded guilty to federal violations in the Eastern District of Texas, announced Acting U.S. Attorney Nicholas J. Ganjei.



06.14.21

Former University Financial Advisor Facing Federal Charges for Wire Fraud

A criminal complaint has been filed charging Randolph Stanley, age 42, of Clinton, Maryland, for the federal charge of conspiracy to commit wire fraud, in connection with a scheme to fraudulently obtain student aid.



06.14.21

Obstacles mount in Central America as Biden seeks cooperation over corruption

The post-Trump landscape, geopolitical concerns and an economic paradox pose threat to White House hopes



06.14.21

International Currency and Global Payment Expert Firma Upgrades Anti-Financial Crime Capabilities With Napier

Napier, provider of advanced anti-financial crime compliance solutions, has announced it is now the platform of choice for Firma, a foreign exchange and global payments company headquartered in Canada



06.14.21

Tesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners.

Tesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners.



06.14.21

Bitcoin just got its first makeover in four years

The first bitcoin upgrade in four years has just been approved by miners around the world.



06.11.21

Inside the cryptocurrency scam vortex

On May 22nd, a crypto finance project called DeFi100 posted a message to its website: "We scammed you guys and you can't do shit about it. HA HA. All you moon bois have been scammed and you can't do shit about it."



06.11.21

Anti-money Laundering Startup IntelleWings Raises $100,000 In Seed Round

The Panchkula-based startup will be utilizing the funds to advance its product, EYE, a product based on machine learning to help regulatory firms with anti-money laundering compliance needs



06.11.21

21 Chinese nationals indicted in Colorado following investigation into large money-laundering conspiracy

Twenty-one Chinese nationals were indicted in Colorado this week in connection with a year-long investigation into a large money-laundering conspiracy, officials with the 18th Judicial District Attorney's Office, along with other law enforcement partners, announced during a news conference Thursday.



06.11.21

Wife of "El Chapo" Pleads Guilty to Drug Trafficking and Money Laundering

The wife of Joaquin "El Chapo" Guzman Loera, leader of the Mexican drug trafficking organization known as the Sinaloa Cartel, pleaded guilty today to charges related to international drug trafficking, money laundering, and a criminal violation of the Foreign Narcotics Kingpin Designation Act (the Kingpin Act).



06.11.21

Myanmar military junta charges Aung San Suu Kyi with corruption

Myanmar's deposed civilian leader Aung San Suu Kyi has been charged with corruption by the country's military junta, state media reported Thursday, adding to a raft of legal cases against the Nobel Peace Prize laureate.



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