08.17.20

Brazilian to surrender $190 mn in laundered money

A Brazilian foreign exchange dealer accused of masterminding a massive money-laundering scheme has agreed to surrender nearly $190 million in a plea bargain "unprecedented in scale," prosecutors said Thursday.



08.17.20

More than 300 people under investigation for scams, money laundering, unlicensed moneylending activities

More than 300 people are under investigation for their suspected involvement in scams, money laundering and unlicensed moneylending activities.



08.17.20

Interactive Brokers to Pay $38 Million Over Anti-Money Laundering Claims

Three regulators fined the brokerage over alleged compliance lapses, including failure to report suspicious trades



08.17.20

Government official accused of money laundering - 500,000 found at his home

Civil service head distances himself from his brother - PN demands inquiry



08.17.20

Ireland Will Transpose Latest EU Anti-Money Laundering Rules Into National Law

Irish crypto firms will face stricter obligations after the country belatedly adopts the latest EU anti-money-laundering rules.



08.14.20

Online fraud is surging: Five facts you probably don't know

With COVID-19 lockdowns, there have been 'significant spikes in fraud attempts' compared to 2019



08.14.20

Mexico: Ex-President Enrique Pe?a Nieto accused of corruption and bribery

Prosecutors in Mexico have opened a corruption investigation against former President Enrique Pe?a Nieto.



08.14.20

Ethics in action: Suspicions of money laundering

The modern workplace can be an ethical minefield. This monthly column helps you tackle the thorny, but very real, challenges that management accountants face in the workplace.



08.14.20

Ireland Will Transpose Latest EU Anti-Money Laundering Rules Into National Law

Irish crypto firms will face stricter obligations after the country belatedly adopts the latest EU anti-money-laundering rules.



08.14.20

Number of unemployment fraud cases growing, thousands of "suspicious" claims frozen

The North Carolina Division of Employment Security has identified 870 cases of unemployment fraud and has put thousands of "suspicious" claims on hold.



08.13.20

FBI arrests 7th person in Puerto Rico public corruption case

Federal agents have arrested an accountant as part of an ongoing investigation into a corruption case involving Puerto Rico's former education secretary



08.13.20

German police launch raids in Russia money laundering probe

German police have searched a business and the home of a man suspected of laundering money for Russian criminals. The suspect is thought to have been part of the so-called "Troika Laundromat."



08.13.20

Hogansburg man arrested in connection with international money laundering conspiracy

A 39 year old Hogansburg man has been arrested in connection with a $46.8 million money laundering scheme involving tobacco smuggling.



08.13.20

Former Air Force Major Sentenced to Two Years in Prison for Tricare Fraud

A former Air Force officer has been sentenced to two years behind bars for her role in a nationwide scheme to defraud the military's health program, Tricare, of billions of dollars.



08.13.20

Ohio man, four others indicted for alleged $4 million PPP loan fraud

An Ohio man was among five people indicted by a Georgia grand jury for an alleged Payroll Protection Program (PPP) loan fraud case worth $4 million.



08.12.20

German authorities conduct raids in money laundering probe

German authorities raided an import-export company and the home of a businessman in the state of Brandenburg on Tuesday on suspicion he was involved in a scheme to launder millions of euros (dollars) for Russian criminals, prosecutors said.



08.12.20

Key US anti-laundering law stalled despite bipartisan support

A bill that would create a register of the real, flesh-and-blood owners of U.S. companies enjoys broad support, but has been slowed by political gridlock.



08.12.20

FBI, DOE investigating potential fraud in Alabama virtual schools

The investigation of the virtual schools, and the allegations of improperly boosting enrollment figures to generate more tax dollars, would be similar to federal investigations of virtual schools in other states. As in those investigations, the alleged wrongdoing in Alabama involves tens of millions of dollars in tax money.



08.12.20

Jesenik, three other former Aequitas executives indicted on fraud charges

Bob Jesenik, the co-founder and face of the defunct Lake Oswego investment firm Aequitas Management, was indicted Tuesday on charges he defrauded hundreds of its former clients.



08.12.20

Why did it take more than 2 months to stop the largest fraud in Washington state history?

Revelations last week that this spring's $576 million unemployment fraud, the largest in state history, started much earlier than previously acknowledged have spurred a storm of new questions over the handling of the crime.



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