03.24.21

Former Citgo exec pleads guilty in $7 million international bribery, money laundering scheme

A federal investigation has revealed an elaborate scheme involving millions in international bribes and Houston-based oil company, Citgo, according to a U.S. Justice Department report.



03.24.21

US Authorities Indict a Canadian Telecom Provider in a Crypto Money Laundering Case With Encrypted Phones

A communications provider is in legal trouble with the U.S. authorities for a money laundering case involving cryptocurrencies



03.24.21

Anti-Money Laundering Rules Targeting DeFi, NFTs Could Be Fatal, Analysts Warn

Global anti-money laundering watchdog FATF released draft guidance extending a critical definition to include DeFi and NFTs. Here's why it matters.



03.24.21

Covid fraud: ?34.5m stolen in pandemic scams

The Action Fraud team said ?34.5m had been stolen since 1 March 2020.



03.24.21

Criminal case against NatWest tip of ?90bn iceberg in 'money laundering capital of the world'

Yesterday it was reported that the recent money laundering charges against NatWest are linked to a separate case against 13 individuals based in cities around the UK.



03.23.21

Great Power Competition Is Not Enough

The United States needs to show it can make a cleaner world than China's.



03.23.21

First North Korea national ever extradited to U.S., Mun Chol Myong faces money laundering charges

A 55-year-old businessman who faces federal money laundering charges has become the first national from North Korea ever to be extradited to the United States, the Justice Department confirmed Monday.



03.23.21

Former Venezuelan official pleads guilty in connection with international bribery and money laundering scheme

A dual U.S.-Venezuelan citizen and former official at Citgo Petroleum Corporation has pleaded guilty for his role in laundering millions of dollars in bribes and corruptly providing business advantages.



03.23.21

Bankers And Regulators Want More Cooperation To Combat Money Laundering

Financial industry experts called Monday for greater cooperation between bankers and law enforcement to help curtail the types of corruption and white collar crime exposed by the FinCEN Files, a global investigation by BuzzFeed News and the International Consortium of Investigative Journalists.



03.23.21

Embattled Bank Of England Governor Pushes Bill To Force Deletion Of Fraudulent Websites

Andrew Bailey, Governor of the Bank of England, wants the British government to introduce new laws forcing giant tech companies to crack down on fraudulent websites, Reuters reports.



03.22.21

Giving criminals a cashflow crisis

The coronavirus pandemic has seen a surge in cyberfraud as the world has moved online, with the National Economic Crime Centre, under director general Graeme Biggar, fighting to stay one step ahead



03.22.21

BoE governor wants UK bill to make Google tackle online scams:

Bank of England Governor Andrew Bailey has been lobbying the British government to introduce a legal requirement for internet giants such as Google to take down financial fraud websites, according to a report in the Sunday Times.



03.22.21

The risky bitcoin buy that's in a bigger bull market than the cryptocurrency itself

Bitcoin mining stocks have generated returns far greater than the bitcoin cryptocurrency in the digital asset's recent bull market, according to an analysis from Fundstrat Global Advisors.



03.22.21

Ex-top aide to former Maltese PM charged with corruption

A former top government aide in Malta who was investigated by a journalist later killed by a car bomb has been arraigned in a Maltese court on charges of money-laundering, fraud and corruption.



03.22.21

NJ Exec Admits $91.5 Million Bank Fraud, Questions Remain

Now that an executive of a Glen Rock property management company has admitted his role in a $91.5 million loan fraud, questions remain about an "unnamed co-conspirator."



03.19.21

UK Anti-Money Laundering Legislation in a Post-Brexit Landscape

Following months of uncertainty, on Christmas Eve a Brexit agreement was finally reached between the United Kingdom ("UK") and the European Union ("EU").



03.19.21

Tech Executive Pleads Guilty to Wire Fraud and Money Laundering in Connection with PPP Loans

A Washington man pleaded guilty today to wire fraud and money laundering in connection with his scheme to obtain over $5.5 million in Paycheck Protection Program (PPP) loans and laundering the proceeds.



03.19.21

Chocron Enters Guilty Plea In Case That Tied Horsemen's Accounts To Money Laundering

Audrey Strauss, the United States Attorney for the Southern District of New York, announced that Jose Morley Chocron pled guilty today before U.S. District Judge Jed S. Rakoff to one count of money laundering.



03.19.21

U.S. Queries Bahamas Financial Crime Pursuit

The attorney general yesterday declared that The Bahamas had largely received "a fair assessment" even though the US questioned this nation's commitment to prosecuting financial crime.



03.19.21

Victim Of Bank Fraud & Lost Your Money? Banks Will Not Compensate As Per Gujarat Consumer Court

According to a consumer court in Gujarat, whether you have been a victim of bank fraud or someone has scammed money out of your bank account, the bank is not liable to compensate you for your loss.



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