07.23.18

Prosecutors seeking long sentence in Sheldon Silver corruption case

Former Assembly Speaker Sheldon Silver should receive the longest sentence ever for a New York legislator in a corruption case, prosecutors said Friday in a sentencing memorandum filed in Manhattan federal court.



07.23.18

Blockchain and Banking Transformation

The dizzying upsurge of Bitcoin and other crypto assets in 2017 grabbed a lot of media attention. Now, with the significant correction that followed the highs in mid-December, things seem to have calmed a bit.



07.23.18

Serious crime unit leaves no stone unturned in fight against fraud

The Hawks Serious Commercial Crime Unit is on a mission to stop corruption.



07.23.18

Insight: Money Laundering in NZ

Over the next decade the cost to New Zealand businesses of complying with anti-money laundering legislation is expected to hit $1 billion.



07.23.18

Alabama attorney, company official convicted in bribery case

A prominent Alabama attorney and a coal company executive were convicted Friday on federal charges involving bribery of a state lawmaker.



07.20.18

Blockchain Could Be a Powerful Tool for Shrinking Pervasive Global Money Laundering

Few instances in history have altered our perception of the global economy like the release of the Panama Papers in April 2015 -- 11.5 million leaked documents detailing instances of offshore money transfers and tax avoidance from a staggering 214,448 entities in more than 50 countries.



07.20.18

CBI names Congressman and former Finance Minister P Chidambaram as a co-accused in Aircel-Maxis case

Former Finance Minister P Chidambaram's ill-timed affirmations made on Twitter a short while ago, saying that "In the Aircel-Maxis case, there is no FIR mentioning a scheduled offence and no public servant has been named



07.20.18

Malta given 2 months to transpose anti-money laundering laws or face European Court of Justice

Malta, along with Latvia and Spain, was today given two months to fully transpose the European Union's 4th Anti-Money Laundering Directive into national law, short of which it will be hauled before the European Court of Justice over the matter.



07.20.18

Danske Bank to forgo Estonian money laundering profits

Danske Bank said on Wednesday that it would forgo profits made on suspicious transactions in Estonia once the scale of the past money laundering scandal becomes clear, Reuters reported.



07.20.18

Judge dismisses two Montebello school board members from whistleblower lawsuit

A Los Angeles Superior Court judge Wednesday dismissed two Montebello Unified school board members from a lawsuit brought by two ex-administrators who allege they were wrongfully terminated in 2016 after exposing political corruption.



07.19.18

Danske Fails to Impress With Its Dirty Money Offering to Society

Danske Bank A/S wants to give $230 million back to society to remove profits obtained through its alleged role in an international money laundering scheme.



07.19.18

Revolut's Compliance Bots Won't Stop the Smurfs

The founder of fintech startup Revolut, Nikolay Storonsky, used to scorn banks' compliance departments as overstuffed and out-of-date.



07.19.18

Oil Sector Under Fire In Libyan Corruption Crackdown

The latest port blockade in Libya, which had sent the country's oil production plunging and oil prices surging, was lifted last week with new promises of transparency and the fair distribution of oil revenues.



07.19.18

3 Lessons From Corruption Convictions

Last year, after a string of lost trials and reversed convictions, it seemed as if federal prosecutors might never again win a political corruption case.



07.19.18

Should banks let people buy bitcoin with credit cards?

The fintech startup Abra's decision to let customers use credit cards to buy cyrptocurrency- a move at odds with recent action by Bank of America, JPMorgan Chase, Citigroup, Capital One and Discover- is again raising the question of whether the practice is too risky for financial institutions to allow.



07.18.18

Cannabis, Cash, and Crime

Banking, lending, and insolvency restriction relegate the legitimate cannabis industry in California to an all-cash business, vulnerable to crime.



07.18.18

Israel and EU ink agreement on fighting organized crime

Amid an ongoing crisis in bilateral ties, Israel on Wednesday signed an agreement with the European Union's law enforcement agency to strengthen the cooperation in the joint fight against terrorism and organized crime.



07.18.18

Ex-Venezuelan energy official pleads guilty in graft case

A former official at a state-run electric company in Caracas, Venezuela, pleaded guilty Monday to money laundering conspiracy relating to an alleged multibillion-dollar graft scheme in the Venezuelan oil industry.



07.18.18

Report says cyber-crime driving demand for crypto laundering

Cyber-security specialists CipherTrace are aiming to address this 'institutional lag' by aiding law enforcement bodies and financial regulators with their investigations into cryptocurrency.



07.18.18

Risk and Compliance: Data Science and Company Culture

Since the financial crisis, the largest global financial institutions have radically overhauled their business and operations in response to the growing push for greater compliance requirements.



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