01.22.21

China's top anti-corruption body gathers to map out strategy in Beijing

President Xi Jinping and other leaders will join more than 130 graft-busters at annual conference of Central Commission for Discipline Inspection



01.22.21

Former head of Vatican bank found guilty of embezzlement

Angelo Caloia becomes the highest-ranking Vatican official to be convicted of a financial crime.



01.22.21

How to Avoid Fraud in the Age of COVID-19

Knowing how to avoid fraud has always been important but, in the age of COVID-19, we all need to be more vigilant than ever.



01.22.21

Rosen: Elder fraud and the pandemic

Alone in their homes, elders are valiantly trying to protect themselves and others against the virus. In doing so, they are at enhanced risk from another threat -scammers sneaking into our grandparents' isolated lives through the phone, the mail or the internet.



01.22.21

Ex-Ford's Colony co-owner indicted on bank fraud

On Sept. 9, 2020, Michael J. Tiernan was indicted on seven felony counts of bank fraud, two felony counts of filing false tax returns and one felony count of failure to file income tax, according to court documents filed in the U.S. District Court for the Eastern District of Virginia.



01.21.21

Progress on anti-money laundering efforts, but no additional RCMP resources: B.C. attorney-general

More than 20 months after the federal government promised to provide additional police resources to help investigate money laundering in the province, it has not done so, according to B.C. Attorney-General David Eby.



01.21.21

Iraqi port revenue surges as anti-corruption move bears fruit

Iraq's key Umm Qasr Port has been positively affected by measures to reduce corruption, leading to a massive revenue increase in 2020 despite fallout from the COVID-19 pandemic.



01.21.21

Hong Kong bank staff arrested in US$810m laundering probe

Seven former and current bank employees have been arrested in Hong Kong as part of a major operation against a US$810 million international money-laundering syndicate, police said Wednesday.



01.21.21

Atlanta area woman's 2005 sentence for mortgage fraud scheme commuted by Trump

Chalana McFarland was convicted in 2005 on 169 counts of money laundering, bank and wire fraud and other financial crimes.



01.21.21

Proposed Crypto Wallet Rule Among Those Frozen by Biden Pending Review

Crypto advocates, fiercely opposed both the proposed rule and the initial attempt by the previous administration to rush it through.



01.20.21

Seven things to watch after historic anti-money laundering overhaul in the US

The landmark legislation contains several loopholes, exemptions and shortcomings that may become key vulnerabilities in the fight against corruption and financial secrecy, advocates say.



01.20.21

Capital One fined $390M for 'egregious' AML compliance failures

Capital One will pay a $390 million civil penalty after admitting to engaging in both willful and negligent violations of the Bank Secrecy Act (BSA), the Financial Crimes Enforcement Network (FinCEN) announced Jan. 15.



01.20.21

Holding Cloud To Account, How Cloud Adds Up In Financial Services

Cloud computing and the deployment of increasingly cloud-native technologies is happening across every industry vertical.



01.20.21

Lessons Learned From APAC's Landmark Year of AML Fines

Drawing from landmark penalties in 2020, FINTRAIL's Payal Patel identifies key lessons to help financial institutions guard against financial crime.



01.20.21

Swiss open money-laundering probe of Lebanon's central bank

The investigation is the latest blow of confidence to Lebanon's crippled financial system.



01.19.21

Samsung's Lee sentenced to 30 months in prison in corruption retrial

The prison sentence could severely complicate his succession at the consumer electronics giant.



01.19.21

Joseph Herman ordered to forfeit $200K in Worcester restaurant money laundering case

A federal judge has ordered Joseph Herman to pay back $200,000, part of the amount he and other defendants laundered through a local restaurant as part of a drug money scheme, court records show.



01.19.21

NSW Crime Commission raises money laundering concerns

The New South Wales (NSW) Crime Commission has raised concerns about the state's poker machine profits, which it believes could be linked to money laundering.



01.19.21

US crypto regulations will return Bitcoin to its digital cash origins

Australian banks washed $500 million dollars for violent South American cocaine cartels in a sophisticated money-laundering scheme with the proceeds of crime moving through multiple countries before it was disrupted by Australian law enforcement.



01.19.21

Aussie banks laundered $500m for cocaine cartels

Australian banks washed $500 million dollars for violent South American cocaine cartels in a sophisticated money-laundering scheme with the proceeds of crime moving through multiple countries before it was disrupted by Australian law enforcement.



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