08.27.20

Czech Republic strengthens anti-money laundering measures, but shortcomings remain

In a follow up report on the Czech Republic, the Council of Europe's anti-money laundering body MONEYVAL concludes that the country has improved measures to combat money laundering and terrorist financing, but still needs to make progress in certain areas.



08.27.20

Florida neighbors charged with COVID relief fraud after falsely claiming to be farmers

Two neighbors are facing federal charges for allegedly filing fake loan applications seeking more than $1.1 million in forgivable Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) loans guaranteed by the Small Business Administration (SBA) under the CARES Act.



08.27.20

Paycheck Protection Program fraud cases are on the rise

A small yet growing number of business owners are facing criminal charges for allegedly swindling money from a coronavirus relief program.



08.27.20

77-year-old man says he lost nearly $150k in fraud, working to raise awareness

It starts with a broken computer nearly a year ago.



08.27.20

'Need strategic investments in redesigning anti-money laundering compliance in banking'

Deloitte survey highlights siloed risk management approaches across banking operations as the root cause for systemic inefficiencies leading to fraud



08.26.20

The Quiet Man in Stockholm Who Laundered China's Oil Money for Iran

By all outward appearances, Hatam Khatoun Nema was a small-time money changer working from a nondescript office in J?rf?lla, a workaday Stockholm suburb.



08.26.20

The UK Has Extended the Deadline to Register Under Its New Anti-Money Laundering Rules, Giving Art Dealers a Welcome 5 Months' Reprieve

Art market participants now have until June 10 to become fully compliant with the regulations.



08.26.20

Thousands Of Inmates Statewide Have Filed For Over $100M In Coronavirus Unemployment Benefits

U.S. Attorney Scott Brady says 33 inmates and their accomplices are facing charges.



08.26.20

Expert tips: Some COVID-19 scams you need to be aware of

Officials are reporting a huge spike in fraud complaints due to COVID-19.



08.26.20

ID Fraud Is A Scourge Of The Age - Here's How To Protect Yourself

The dark art of identity fraud is on the rise -and almost all cases are now carried out online. Here's how to protect yourself.



08.25.20

UK regulator wants crypto firms to share money laundering data

In a new proposal, the FCA lays out its plans to oblige UK crypto exchanges and wallets to fill in a form explaining their money laundering travails.



08.25.20

New York AG asks court to enforce subpoenas on Trump Organization in fraud investigation

The AG specifically requested that Eric Trump, the president's son, appear in court to answer questions



08.25.20

Invoice Fraud Strikes Amazon In $19M Scam

In a case that highlights how anybody -truly, anybody - can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New York State for an alleged $19 million scam targeting Amazon.



08.25.20

Former SD attorney indicted for fraud and money laundering

A Vale, South Dakota woman has been indicted for fraud and money laundering.



08.25.20

U.S. judge dismisses lawsuit against Danske Bank over money laundering scandal

A U.S. judge on Monday dismissed a lawsuit accusing Denmark's Danske Bank A/S and four former top executives of defrauding shareholders by hiding and failing to stop widespread money laundering at its former Estonian branch.



08.24.20

With Blockchain, Fraud Will Not Be Able to Steal Digital Ad Revenues

Supply chain transparency is the spanner in the works of the digital advertising machines, but can blockchain help?



08.24.20

Mexico's Anti-Graft President Hit Where It Hurts Him Most

A week ago, Mexican President Andres Manuel Lopez Obrador was on a roll with his anti-corruption campaign, boosted by a video of rivals counting piles of cash and leaked testimony that could bring down more opponents.



08.24.20

How Alexei Navalny Exposed Russian Corruption

Alexei Navalny, a fierce opponent of Russian President Vladimir Putin and the country's most prominent opposition figure, is lying in a coma in a Siberian hospital after an apparent poisoning.



08.24.20

Sharp rise in suspected money laundering cases in Germany

Suspected cases of money laundering and terrorist financing rose by 50 percent in Germany in 2019. The real estate market is particularly vulnerable when it comes to dubious transactions.



08.24.20

WHEN A PAYMENT PROCESSING STARTUP WAS HIT BY FRAUD, HERE'S HOW IT RECOVERED

TRUST IS AN ESSENTIAL ELEMENT OF ANY BUSINESS. But what does a business do when bad actors threaten to erode the trust it has with its customers?



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