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05.12.20

Prosecution outlines fraud and money-laundering charges against Mirav Modi in London Courts

Billionaire jeweller Nirav Modi was accused of defrauding Punjab National Bank of more than $1 billion.



05.12.20

THE UNITED ARAB EMIRATES: A KEY PIECE IN THE GLOBAL MONEY LAUNDERING PUZZLE

By the normal standards of the Financial Action Task Force (FATF), a recent report into attempts by the United Arab Emirates to combat money laundering and terrorist financing is damning, to say the least.



05.12.20

It Happened: Bitcoin Just Experienced Third Halving in Its History

Bitcoin has just experienced a once-in-four-years event: its third halving, which has cut the miner block reward from 12.5 BTC to 6.25 BTC.



05.12.20

'Everyone is doing badly', anti-money laundering czar warns

Despite decades of action, the world is struggling to make gains in the war against money laundering, according to the head of the agency responsible for setting global anti-money laundering standards.



05.12.20

INTERPOL sting operation recovers 19,000 illicitly traded artefacts

A sting operation spanning more than 100 countries was carried out by INTERPOL, Europol, and the World Customs Organization (WCO) last year and resulted in the arrest of more than 100 suspects involved in illicit trafficking of artefacts.



05.11.20

How Money Laundering Works In The Art World

Works of art have long been identified, and sometimes even romanticized, as ideal ways for racketeers to launder money.



05.11.20

Federal government expands investigation into money laundering in real estate

The federal government has been looking into whether foreign buyers are using shell companies to purchase luxury real estate in the U.S. to launder money for more than four years, and it looks like federal authorities are not ready to end that investigation just yet.



05.11.20

Mail-In Ballots Are a Recipe for Confusion, Coercion, and Fraud

Enormous pressure is being mounted to use our current crisis as an excuse to transform how we vote in elections.



05.11.20

'Friendly fraud' is on the rise, and small business owners may bear the brunt of the impact

Friendly fraud can be a costly problem. Here's how small business owners can protect themselves.



05.11.20

Feds Announce First Arrests In Country Linked To PPP Loan Fraud

It appears that two New England businessmen took the concept of "free money" way too far.



05.08.20

EU Plans Joint Money-Laundering Cop After Years of Bank Scandals

The European Union is taking another small step toward setting up a common authority to fight money laundering in the bloc, after a string of revelations over the last two years exposed fundamental flaws of its framework.



05.08.20

Israeli Bank to Pay $30 Million for FIFA Money Laundering Violations

In 2015, the world was shocked by well-documented revelations of widespread corruption and bribery within the F?d?ration Internationale de Football Association ("FIFA").



05.08.20

The COVID-19 Epidemic As A Catalyst For Health Care Fraud

The combination of fear, loosened health care regulations, and expected stimulus payments in response to the novel coronavirus disease (COVID-19) pandemic could unleash an unprecedented surge of health care scams and fraud.



05.08.20

A Fifth of Consumers Hit by Fraud Over Past Year

A fifth of British consumers have suffered fraud over the past 12 months, but many could be doing more to protect their finances, according to a new study from Marqeta.



05.08.20

CFTC Claims 'Massive Fraudulent' Scheme Defrauded Investors of $20M

The U.S. Commodity Futures Trading Commission (CFTC) sued a Miami resident and two Israeli nationals Thursday over "two massive fraudulent solicitation schemes," one of which focused on cryptocurrency services.



05.07.20

Global survey on fraud and Covid-19 finds links between corruption and deaths

A Berlin-based anti-fraud consulting group found several concerning issues when it surveyed 58 countries around the world in April to understand fraud in healthcare services that negatively affected Covid-19 response in those countries.



05.07.20

FINRA Again Reminds Firms to Beware of Fraud during COVID-19 Pandemic

As we previously discussed, FINRA issued guidance to member firms and their associated persons in April 2020 to remain "vigilant in their surveillance against cyber threats and take steps to reduce the risk of cyber events."



05.07.20

Ukraine Considers Using Nuclear Plants for Cryptocurrency Mining

Ukraine's Ministry of Energy believes that using power plants for crypto mining could be one of the best ways to take advantage of a current energy glut.



05.07.20

How hackers are updating the EVILNUM malware to target the global financial sector

Hackers behind a series of targeted financial attacks have been updating their malware to better evade detection over the last year, according to new Prevailion research slated to be published Wednesday.



05.07.20

EU to beef up scrutiny of money-laundering risks, adds Panama to list

The European Commission aims to intensify its scrutiny of states posing money-laundering risks, and is looking into creating a new body to help police financial crime and monitor banks more strictly, draft documents seen by Reuters show.



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