07.15.19

Guilty Plea in $57 Million Addiction Center Money Laundering Scheme

A Florida owner of a treatment center for substance abuse has pled guilty to money laundering in connection with a lab-test "pass through" billing scheme, the US Department of Justice (DOJ) has announced.



07.15.19

D.C. Intel Exec Nabbed in Feds' Narco Money-Laundering Sting

The founder of a Washington private intelligence company is in deep trouble with the feds for his alleged willingness to take on a risky new client: a Mexican drug cartel.



07.15.19

Multi-Million Bitcoin ATM Scheme Exposes Holes in EU's Money Laundering Net

Spain's Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money.



07.15.19

FBI Arrests Former Top Puerto Rico Officials In Government Corruption Scandal

U.S. authorities have unsealed a corruption indictment against two former top officials in Puerto Rico for directing some $15.5 million in contracts to favored businesses, allegedly edging out other firms for the lucrative government work despite allegations of being unqualified.



07.12.19

Canadian Government Releases Final AML Regulations for Crypto Businesses

Aware of growing public concern about money laundering and terrorist financing, the government of Canada introduced its final anti-money laundering (AML) regulations today, July 10, 2019.



07.12.19

Will SCOTUS Use 'Bridgegate' To Define Political Corruption Out of Existence?

Time for some traffic problems in the Supreme Court docket.



07.12.19

FBI Arrests Former Top Puerto Rico Officials In Government Corruption Scandal

U.S. authorities have unsealed a corruption indictment against two former top officials in Puerto Rico for directing some $15.5 million in contracts to favored businesses, allegedly edging out other firms for the lucrative government work despite allegations of being unqualified.



07.12.19

MTA Inspector General releases bundle of reports detailing fraud and abuse at agency

Dozens of MTA employees have been disciplined for overtime abuse, conflicts of interest and flat out corruption since 2017, according to a trove of backlogged reports released by the agency's Inspector General Wednesday.



07.12.19

6 Kansas City workers indicted by federal grand jury for alleged $58K overtime fraud

A federal grand jury has indicted six Kansas City public works employees who allegedly collected nearly $60,000 in overtime for responding to mostly bogus reports of damaged or missing street signs.



07.11.19

Fears UK law change could prevent scrutiny of money launderers

Plans to introduce laws in Britain to combat money laundering could prevent the media and researchers from accessing vital information on the tide of dirty cash flowing around the world, campaigners and journalists have warned.



07.11.19

Jeffrey Epstein's fortune is built on fraud, a former mentor says

How, exactly, did accused sex trafficker Jeffrey Epstein propel himself from a middle-class boy in Brooklyn to a secretive, maybe-billionaire with multiple mansions and a private jet?



07.11.19

AI for Fraud Detection to Triple by 2021

The use of AI fraud detection is predicted to triple by 2021, according to a new study from the Association of Certified Fraud Examiners (ACFE), developed in collaboration with SAS.



07.11.19

Bay City doctor charged in connection with health care fraud scheme, money laundering

A Bay City doctor has been charged in connection with a $60 million health care fraud scheme.



07.11.19

Beaches Recovery Services owner pleads guilty to money laundering

Kyle Marcotte will forfeit $10.2 million, could be sentenced up to 20 years.



07.10.19

Ripple Deal Could Make XRP Cryptocurrency Compliant With FATF Anti-Money-Laundering Rules

Ripple, the largest single owner of the XRP cryptocurrency (currently valued at $20 billion), has signed a deal with regulation technology startup Coinfirm, to shine new light on how the third-largest cryptocurrency is being used.



07.10.19

Anti-money laundering: Law Commission proposes reforms to the SARs regime

On 18 June 2019, the Law Commission published its report on reform of the UK's anti-money laundering ("AML") and terrorist financing ("CTF") regime.



07.10.19

Reformers push Dems to adopt sweeping anti-corruption platform in 2020

As Democratic presidential candidates swear off super PACs and corporate PAC money, a campaign finance reform group is pushing them to take things a step further by using anti-corruption messages to campaign against President Donald Trump and pledging to make ethics reform an early priority in the White House.



07.10.19

Despite Death Threats, Glenn Greenwald Speaks Out About Exposing Large Corruption Scandal in Brazil

A political crisis in Brazil is growing in the wake of The Intercept's investigation into a judge who likely aided federal prosecutors in their corruption case against former Brazilian President Luiz In?cio Lula da Silva.



07.10.19

Ex-hedgie Mark Nordlicht and associate found guilty of fraud

An alleged Ponzi schemer - whose trial turned into a circus when he got caught on video trying to physically attack a federal prosecutor - was found guilty of three counts of fraud on Tuesday.



07.09.19

International Money Laundering: Key trends across the Asia-Pacific region

The Asia/Pacific Group on Money Laundering (APG) is the anti-money laundering/combating the financing of terrorism (AML/CFT) regional body for the Asia/Pacific.



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