10.16.18

Cryptocurrency Thieves On Track To Steal Over $1 Billion In 2018

hTe total value of stolen cryptocurrency is expected to hit over $1 billion by the end of this year, which represents a 350% increase over the amount that was stolen in all of 2017, according to a new research from CipherTrace.



10.16.18

How criminals used Canada's casinos to launder millions

The briefing took place just a few days after David Eby began his new job as British Columbia's attorney general - and it began a warning.



10.16.18

Grant Thornton under CBI lens for 'inflated' valuation of Kingfisher Airlines

Grant Thornton, a leading global tax and advisory firm, is under the Central Bureau of Investigation (CBI) scanner for its valuation report of Vijay Mallya's Kingfisher AirlinesNSE brand, people with direct knowledge of the matter told ET.



10.16.18

Danske Bank's Culture Of Silence Implodes, Thanks To A Whistleblower

Politics is the art of the possible - of eternal resurrection, for one, with elections often serving as the ritual cleansing by which disgraced politicians imagine themselves being reborn and rinsed of their sins.



10.16.18

Danske Bank's Culture Of Silence Implodes, Thanks To A Whistleblower

Behind Danske Bank's money-laundering scandal was a pervasive culture of silence that flourished despite the fact that many people knew or suspected for years that the bank's Estonian branch was laundering billions of dollars.



10.15.18

The U.S. Needs to Crack Down on White-Collar Crime

What makes Michael Cohen different from other fraudsters? He got caught.



10.15.18

Hong Kong needs standardised privacy laws, improved data sharing protection to combat financial crime more effectively

Financial crime costs global economy US$2.4 trillion annually, but banks and financial institutions are hesitant to share data with regulators, says Refinitiv CEO



10.15.18

Four-member body formed for assets recovery

The federal government has constituted four-member Assets Recovery Committee under the supervision of Special Assistant to Prime Minister on Accountability Shahzad Akbar.



10.15.18

Putin's treatment of his critics is causing problems for Russians in the UK

After the fall of the Soviet Union, London became a favoured bolthole for the emerging Russian oligarchy of state-asset strippers, criminals and assorted "businessmen".



10.15.18

US Lawyers: China Corruption Case Grows Stronger

A corruption case that had already shocked Asia took a surprising turn last month. Patrick Ho, a Chinese citizen and former official of Hong Kong, faces corruption charges in the United States.



10.12.18

Can the Chinese Be Trusted to Lead Global Institutions?

The abduction of Interpol's president shows that Beijing's officials will be subordinate to the orders of the Communist Party.



10.12.18

Dirty Money, Fraud and Tax Evasion Rock Corruption-Free Denmark

A series of major scandals in Denmark is testing its status as one of the world's least corrupt nations, with Transparency International warning that its image may now be at risk.



10.12.18

Authorities charge five in Belgian football corruption claims

Belgian authorities have charged five people in relation to a massive financial fraud and match-fixing inquiry into football.



10.12.18

Which US state is most corruption-prone? Look away, North Dakota

The US public has spent the past two years riveted by high-level corruption scandals and allegations in Washington, DC.



10.12.18

Govt deepens corruption fight

Government is deepening its battle against all forms of corruption as it seeks to remove gridlocks to the attainment of an upper middle income economy status by 2030.



10.11.18

Genoa reconstruction at risk of mafia infiltration: Italy's anti-corruption chief

The head of Italy's Anti-Corruption Commission (ANAC), Raffaele Cantone, warned on Wednesday of the potential for the mafia to infiltrate the reconstruction of Genoa's Morandi bridge



10.11.18

Woman faces corruption charges after allegedly spending $21M at Harrods

A woman is battling corruption charges in London after allegedly racking up $21 million at Harrods department store using 35 credit cards during a decades-long spending spree.



10.11.18

Son of former Thai PM indicted on money laundering charge

The son of former Thai Prime Minister Thaksin Shinawatra was indicted Wednesday on charges of money laundering, as pressure mounts on the ousted leader's political allies.



10.11.18

Nordea Says It Culled Suspicious Accounts to Fight Laundering

As the money laundering scandal engulfing Danske Bank A/S threatens to taint other Nordic lenders, Nordea Bank Abp says it has spent years getting rid of suspicious customers in a move designed to dramatically reduce its exposure to such risks.



10.11.18

Ninety-Seven Percent (97%) of Criminal Bitcoin Flows into Unregulated Cryptocurrency Exchanges According to New Research

Nearly five percent of all bitcoin sent to poorly regulated exchanges comes from criminal activity before the money is moved, undetected, into the global financial payments system. In fact, these exchanges have laundered a significant amount of bitcoin, totaling 380,000 BTC or $2.5 billion at today's prices.



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