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07.03.20

Why Corporate Fraud Reports are Down

While organizational fraud cases are on the rise, the percentage of those reported to the police has been declining in recent years.



07.03.20

Only 4% of fraud is caught by outside auditors. It's time for accounting to change its approach

For too long, auditors haven't held themselves as accountable as they should for identifying potential fraud, instead paying out massive settlements for missing the signs and red flags within audits.



07.03.20

New Zealand freezes $90 million in BTC-e money laundering case

Law enforcement in New Zealand has seized $140 million NZD ($90 million USD) as part of a case against Alexander Vinnik, the alleged former operator of BTC-e.



07.03.20

China Police Said to Detain Crypto OTC Traders Amid Money Laundering Crackdown

As Chinese police step up efforts to crack down on illegal economic activities, crypto over-the-counter (OTC) traders are being detained to assist investigations.



07.03.20

PHL needs to strengthen fight vs financial crimes

THE Philippines should review its information-sharing mechanism to better address issues related to financial crimes, according to an analyst.



06.29.20

What Recent Developments in the Fintech Space Mean for Our Future

There have been several significant movements forward for digital assets, and there are more to come. Here's what to keep an eye on.



06.29.20

Why does money laundering enjoy impunity in Bangladesh?

The Swiss Banking authorities published their annual update on deposits of foreign nationals, including Bangladeshis, on June 25.



06.29.20

Spain starts the legislative procedure to implement the fifth money laundering directive

On 15 June 2020, the Ministry of Economic Affairs and Digital Transformation published the draft law that will amend Law 10/2010, of 28 April, on the prevention of money laundering and terrorism financing for the purpose of implementing Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 (V AMLD).



06.29.20

24 charged in Chicago drug sales, money laundering operation

An investigation of an illegal drug trafficking operation on Chicago's West Side has led to federal charges against 24 purported gang members as well as the seizure of more than 30 guns and more than $1.3 million in cash, authorities said Friday.



06.29.20

Couple charged in COVID-19 fraud received over $1.4 million, prosecutors say

An Ashburn, Virginia couple has been charged with illegally siphoning more than $1.4 million away from a COVID-19 relief program meant to help businesses survive the pandemic.



06.25.20

How $2 billion vanished from the balance sheet of Wirecard, according to a forensic financial expert

The German payments group Wirecard is in a swirling scandal after over $2 billion went missing from its balance sheet



06.25.20

Fintech Startup That Raised $100 Million From Investors Bessemer And Coatue Is Abruptly Shutting Down

By the end of last year, software startup ScaleFactor had emerged as a buzzy financial services company, raising $100 million in 12 months from big-name investors including Bessemer Venture Partners and Coatue Management.



06.25.20

New Zealand freezes $90 million in BTC-e money laundering case

The ongoing case claims the owner of BTC-e permitted the platform to be used for money laundering.



06.25.20

Downey woman and former sheriff's employee pleads guilty to money laundering

A Downey woman has pleaded guilty to money laundering charges stemming from a drug-trafficking scheme inside a California state prison, authorities announced today.



06.25.20

Financial Services Regulatory Compliance Leader Iain Duke-Richardet Joins Hearsay Systems as Compliance Strategy Principal

Amidst growing regulations across the wealth management, banking, insurance, and mortgage industries, Hearsay Systems doubles down on last-mile compliance as a strategic advantage for financial services firms



06.24.20

PayPal hiring push hints at future cryptocurrency support

New vacancies suggest the company is keen to explore emerging blockchain technologies.



06.24.20

New Zealand regulator sues Hong Kong forex trader for money laundering, terrorism financing law breaches

New Zealand arm of CLSA Premium accused by regulator of failing to conduct due diligence, report suspicious transactions



06.24.20

Recent AFP Payments Fraud Report: 81% of Respondents Experienced Fraud

In the most recent AFP payments fraud report, 81% of survey respondent companies indicated that they experienced attempted or actual payments fraud during 2019.



06.24.20

Man (32) jailed for role in cybercrime and money-laundering organisation

A 32-year-old Romanian man has been given a three and a half year prison sentence for his part in a Europe-wide cybercrime and money-laundering organisation.



06.24.20

Former Pakistan president Zardari, others to be indicted in money laundering case on July 7

Former Pakistan President Asif Ali Zardari and others accused in a money laundering case will be indicted by the accountability court here on July 7.



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