02.18.21

Qatar regulator launches platform to monitor human understanding of financial crime

Qatari financial services regulator works with global body to provide digital platform to assess whether financial services workers understand how to prevent financial crime



02.18.21

The UK education system has provided a safe haven for corrupt Nigerian politicians

West Africa's political elites have long been enamored with the UK's leading education system.



02.18.21

Jersey firms fined for breaching financial crime measures

A Jersey Financial Services Commission (JFSC) investigation found the SGKH entities had failed to show "adequate risk management systems in place".



02.18.21

Bitcoin surpasses $50,000 for first time as major companies jump into crypto

Bitcoin's price broke above $50,000 for the first time in history Tuesday, continuing its blistering rally as major companies appear to be warming to cryptocurrencies.



02.17.21

IMF puts Ukraine on pause over corruption concerns

For months, senior Ukrainian officials have been claiming that the Ukrainian government has done everything the International Monetary Fund (IMF) could possibly demand.



02.17.21

Man Pleads Guilty to $1.3 Million Fraud Schemes and Receipt of Child Pornography

A Glen Allen man pleaded guilty today to wire fraud, engaging in an unlawful monetary transaction using fraud proceeds, and receipt of child pornography.



02.17.21

Is Cryptocurrency Really Fuelling Financial Crime?

Take a look at the cryptocurrency landscape from today's perspective and it is almost impossible to believe Bitcoin has only been around for 11 years.



02.17.21

Swedish Whistleblower Plans Hunger Strike Outside White House To Protest Global Financial Fraud

When an injustice is so massive, yet so concealed, it can drive anyone to madness.



02.17.21

ED Summons MMRDA Chief In Connection With Money Laundering Case

The Enforcement Directorate (ED) on Tuesday summoned Mumbai Metropolitan Region Development Authority (MMRDA) chief, RA Rajeev, in connection with a money laundering case related to Tops Securities Group and Shiv Sena MLA Pratap Sarnaik.



02.16.21

Australia: Casino group CEO steps down amid money laundering scandal

The head of Australia's Crown Resorts casino group has announced his resignation, following a scathing report into the company's operations.



02.16.21

270 addresses are responsible for 55% of all cryptocurrency money laundering

Most cryptocurrency money laundering is concentrated in a few online services, opening the door for law enforcement actions.



02.16.21

Financial fraud is like murder

While stating that financial fraud is like a murder and rape, Dr Sushil Kumar Garg, Special Judge, CBI Court, Chandigarh, has awarded four-year rigorous imprisonment (RI) to a former bank manager and a businessman holding them guilty in connection with an eight-year-old fraud case with a bank.



02.16.21

Consilient Bank Trials Demonstrate Federated Machine Learning Improves Effectiveness and Efficiency for Financial Crime Detection

Consilient applies its federated learning model and machine-learning technology for anti-money laundering and countering the financing of terrorism efforts for financial institutions



02.16.21

South Africa's Zuma could be jailed after no-show at corruption inquiry

A South African inquiry into corruption during Jacob Zuma's time as president will ask the constitutional court to impose a jail term on the former leader after he defied an order to appear before the inquiry on Monday.



02.15.21

Will money laundering laws end art world's culture of secrecy?

When a Botticelli painting went under the hammer last month at Sotheby's in New York for $92 million, it was assumed the buyer was a Russian oligarch since the bidding was done by an adviser to wealthy Russians.



02.15.21

Cybercrime Joker Retires, Becomes A Bitcoin Billionaire

They say that crime doesn't pay. They obviously hadn't met the Joker...



02.15.21

Clashes erupt at rally against corruption, COVID-19 curbs in Cyprus

Clashes broke out between police and activists in Cyprus on Saturday during a protest against corruption and lockdown measures imposed over the COVID-19 pandemic, witnesses said.



02.15.21

Mark Cuban on blockchain: 'It's like the early days of the internet' when 'a lot of people thought we were crazy'

Self-made billionaire Mark Cuban says new innovations and companies will come out of the pandemic, creating an "America 2.0," as he calls it.



02.15.21

End-to-End AML Compliance: How to Fight Financial Crime While Avoiding Costly Compliance Mistakes

AML fines are rising each year as financial institutions continue to make the same compliance mistakes.



02.12.21

Top Mexico Tax Official Fired for Permitting Money Laundering

Mexico's tax authority has dismissed Ram?n Garc?a Gibson, one of its highest-ranking officials, for "evident conflicts of interest" and his participation in a scheme that enabled the Sinaloa and Norte de Valle cartels to use HSBC Mexico's infrastructure to launder hundreds of millions of dollars in the early 2000s.



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