03.30.21

Visa moves to allow payment settlements using cryptocurrency

Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.



03.30.21

Las Vegas Sands probes potential money-laundering breaches at Singapore's Marina Bay Sands casino

Las Vegas Sands Corp. set up a special committee to look into potential breaches of anti-money-laundering procedures at its Singapore casino, which has already been the target of probes by US officials and local police.



03.30.21

The art market is 'high risk' for money laundering, so ignore new regulations at your peril

The UK government may make examples of galleries, advisors and auction houses found failing to comply to new laws, so prepare your business with these steps



03.30.21

U.N. monitors backtrack on Yemen money-laundering accusations - document

Independent U.N. sanctions monitors have withdrawn accusations against Yemen's government of money-laundering and corruption that they said "adversely affected" access to food supplies in a country on the brink of famine, a document showed.



03.30.21

Fraudsters are laundering millions in Covid relief funds through online investment platforms

Tech-savvy fraudsters stealing from the government's Covid pandemic relief programs to help businesses have found a convenient way to launder the money: they're opening accounts with at least four online investment platforms, law enforcement officials said.



03.29.21

Former Mexican politician pleads guilty to money laundering in Texas

The disgraced, one-time presidential hopeful admitted to using Texas real estate



03.29.21

Coinbase users say cryptocurrency startup ignored their pleas for help

Michael Pierre was sitting in his Brooklyn, New York, apartment last summer when he received a text on his iPhone from an unknown number, then immediately lost service.



03.29.21

Turkey opposition demands probe on central bank corruption claims

Turkey's main opposition Republican People's Party (CHP) has called for a parliamentary investigation into the ousting of the central bank governor amid rumors of profiteering and corruption.



03.29.21

Supreme Court to decide whether Goldman Sachs shareholders can bring suit in major fraud case

The Supreme Court is set to hear arguments from Goldman Sachs in a long-running case that could have major implications for shareholders seeking to bring securities-fraud lawsuits.



03.29.21

Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says Official

According to a Russian news site, Regnum, the anti-money laundering body is already getting cooperation from banks.



03.26.21

Ex-Mexico governor pleads guilty to money laundering in US

A former governor of a Mexican border state who prosecutors have said was connected to drug cartels pleaded guilty in a Texas court Thursday to taking more than $3.5 million in bribes for government contracts then laundering that money in the U.S.



03.26.21

The Art Market's Money Laundering Deadline

Nicola Sharp of Rahman Ravelli outlines the money laundering obligations facing those in the art dealing world.



03.26.21

Gold hub UAE toughens fight against financial crime

The United Arab Emirates, one of the world's largest gold hubs, is strengthening its defences against financial crime, including new restrictions on the movement of cash and precious metals, the Gulf state said on Thursday.



03.26.21

UK Bank Fraud Cases Nearly Doubled In 2020

Criminals in Great Britain are exploiting people's COVID-19-related anxiety to carry out an increasing number of online and technology-aided scams.



03.26.21

Can US anti-corruption efforts promote CentAm investment?

US anti-corruption efforts in Central America are set to intensify, aiming to create investment opportunities and reduce migration.



03.25.21

Swiss banker's sentence slashed in alleged $1B Venezuelan money laundering scheme

Matthias Krull, a wealth manager with the Swiss bank Julius Baer Group, was initially sentenced to 10 years in prison



03.25.21

Former Spanish PMs Rajoy and Aznar testify in corruption case

Spain's two former prime ministers -Mariano Rajoy and Jose Maria Aznar -were testifying on Wednesday in a High Court corruption trial involving former prominent members of their conservative People' Party (PP).



03.25.21

Corruption in China: retired Xinjiang police chief to face trial on bribery charges

A retired senior Xinjiang police official has been arrested on suspicion of corruption following an inquiry into his alleged crimes by the Communist Party.



03.25.21

Covid-related fraud has cost Americans $382 million

Fraud linked to the Covid pandemic has cost Americans $382 million, according to the Federal Trade Commission.



03.25.21

Financial crime compliance costs increased 20.6% across APAC, LexisNexis shows

The survey identifies the drivers affecting financial crime compliance and highlights spending trends. The study also explores the business impacts of changes in the financial crime compliance environment particularly regarding new regulations and identifies challenges and impacts associated with the COVID-19 pandemic.



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