03.18.21

United Nations Targets Corruption and Illicit Cross-Border Finance

U.N. Report Focus on Improving Accountability, Transparency and Good Governance



03.18.21

Elon Musk is selling his tweet as an NFT and the highest bid is over $1.1 million

Billionaire Elon Musk appears to be selling a recent tweet of his as an NFT, or non-fungible token.



03.18.21

Putting Speed Bumps In The Path Of Real-Time Payments Fraud

No one ever said that developing real-time payments would be easy. While more businesses are realizing the need for the velocity and data that comes with real-time payments, they're also realizing that it's challenging to safeguard such systems.



03.18.21

European Fiat 500 customers can score some crypto by driving efficiently

Let's face it; if you're not already invested in cryptocurrency, you've likely already missed the boat. Unless you're European and buy a brand new Fiat 500, that is.



03.18.21

Former Chief Investment Officer Admits Bank Fraud Relating To $91.5 Million Commercial Loan

A former chief investment officer of a medical property management company pled guilty today to a bank fraud conspiracy involving a $91.5 million commercial mortgage loan, Acting U.S. Attorney Rachael A. Honig announced.



03.17.21

Accountants are on the frontline in the war on economic crime

Why do we need to talk about global perspectives on economic crime right now? IFAC, the global organisation for the accountancy profession, explains.



03.17.21

Tech executive pleads guilty to wire fraud, money laundering

A Washington state tech executive has pleaded guilty to wire fraud and money laundering after trying to obtain $5.5 million in Paycheck Protection Program loans and laundering some of the proceeds, federal prosecutors said.



03.17.21

NatWest facing criminal charges in landmark U.K. money laundering case

The U.K. Financial Conduct Authority (FCA) announced Tuesday it has brought landmark criminal proceedings against a subsidiary of NatWest Group (formerly the Royal Bank of Scotland Group) concerning alleged money laundering violations.



03.17.21

Free Keene leaders arrested for money laundering in FBI raids; illegal Bitcoin exchange alleged

Six people involved with the libertarian Free Keene group are facing charges - including wire fraud and money laundering -related to an unlicensed cryptocurrency exchange that federal prosecutors said processed some $10 million since 2016.



03.17.21

Utah Attorney Charged with Conspiring to Launder Money Gained from Fraud Scheme

Attorney Matthew Kober, 45, of Draper, Utah, was charged via criminal information on Monday with one count of conspiring to launder money obtained via wire fraud in federal court.



03.16.21

What Is Crypto Crime's True Cost?

Last week we published our analysis on crypto crime in 2020, analyzing traditional (fiat) vs crypto crime, which crypto criminal sectors were rapidly growing, a detailed look at the different types of crypto fraud and more.



03.16.21

India to propose cryptocurrency ban, penalising miners, traders - source

India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class.



03.16.21

ABN Amro shares fall on concerns about size of possible money laundering fine

ABN Amro shares fell 4% in early trading in Amsterdam on Monday, following reports that the Dutch bank might face a higher-than-expected penalty in an ongoing money laundering investigation.



03.16.21

What to do if you are a victim of unemployment fraud

Unemployment fraud in the U.S. has reached dramatic levels during the pandemic - the Labor Department inspector general's office estimates that more than $63 billion has been paid out improperly through fraud or errors since March 2020.



03.16.21

Saudi Arabia arrests hundreds in its latest corruption crackdown

At least 241 people, including employees from several ministries, arrested after raids carried out last month.



03.15.21

South Korea digital currency exchanges to face penalties for anti-money laundering breaches

The financial regulator in South Korea has introduced a raft of new enforcement measures, designed to ensure digital currency exchanges are upholding their obligations under anti-money laundering regulations.



03.15.21

How New Anti-Money Laundering Laws Will Affect Art Collectors

Julian Stallabrass, an academic at the Courtauld Institute of Art, wrote in the London Review of Books in 2013 that "the more art is useful for investment, tax scams, money-laundering, and entry to the elite," the more it "parades its principled uselessness" at art fairs.



03.15.21

Bitcoin surpasses $60,000 in record high as rally accelerates

Bitcoin crossed a record high of $60,000 on Saturday morning, continuing its rally as major companies and financial institutions adopt cryptocurrencies.



03.15.21

New Bank Fraud and Aggravated Identity Theft Charges Added to Non-Profit CEO'S Previous Federal Indictment Charging Her with Wire Fraud, Bank Fraud, and Aggravated Identity Theft

A newly filed federal superseding indictment adds bank fraud and aggravated identity theft charges against Glenda Hodges, age 69, of Clinton, Maryland, who was already facing wire fraud, bank fraud, and aggravated identity theft charges in connection with the misuse of federal funds and other fraud related to non-profit and for-profit entities that Hodges operated.



03.15.21

FBI's Peninsula office in Newport News has a new leader, and more crimes to dig into

The FBI has been ramping up its Peninsula operation - adding more special agents and technology to investigate a broader array of crimes.



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