10.22.20

Why India and Pakistan are wrangling over money launderer Altaf Khanani

For decades, Khanani, one of the world's most-wanted money launderers, had maintained business ties with groups like al-Qaida.



10.22.20

Australian court approves $1.3 billion Westpac money laundering fine

The Federal Court of Australia has ordered Westpac to pay a record-breaking AU$1.3 billion fine for breaching the country's anti-money laundering and terrorist financing law.



10.22.20

Cyber expert to 'Post': COVID-19 will flood the world with fraud

Frank McKenna said governments which want to offer grants quickly during COVID-19 run a great risk of being bamboozled.



10.22.20

Feds arrest 15 foreign students for work-status fraud in 'Operation OPTical Illusion'

The arrests took place in a number of cities, including Pittsburgh, Harrisburg, Boston, Houston and more, the federal authorities said.



10.22.20

Lexington man seeks answers in SBA Loan fraud

For several months, the federal government has loaned out more than $160 billion in Small Business Administration (SBA) Loans.



10.21.20

Parliamentary showdown looms as Conservatives, Liberals dig in heels over anti-corruption committee

O'Toole says special probe should not trigger election as government declares it a confidence motion



10.21.20

Man Serving 600-Year-Sentence For Money Laundering Denied Compassionate Release

A Rhode Island man serving a 660-year prison sentence for laundering millions of dollars for a Colombian drug cartel was denied compassionate release on Monday by a federal judge who said he had failed to show he was at an increased risk of severe complications from the coronavirus.



10.21.20

Trump rally 'VIP' among six Chinese nationals charged with drug money laundering

An Instagram page belonging to Tao Liu features several photos of him at a September 2018 Trump rally in Wheeler, W.Va.



10.21.20

Christian Group's Insurance Plan Called a Fraud by New York

New York accused an Amish church's former cost-sharing partner on Tuesday of running an illegal insurance business that shortchanged some 40,000 enrollees who expected comprehensive health care plans.



10.21.20

Poland authorities arrest government critic on money laundering charges

Polish officials on Saturday arrested Roman Giertych, a high-profile lawyer, former deputy prime minister of Poland, and staunch critic of the Polish government, on charges of money laundering.



10.20.20

6 money laundering reforms that experts say need to happen right now

Failures exposed by the FinCEN Files investigation require urgent intervention, regulators, experts and politicians say.



10.20.20

Rocklin business owners charged with laundering $1-plus million in drug money

A federal grand jury returned a two-count indictment Thursday against Daniel Stewart, 56, of Lincoln, and Luke Burroughs, 56, of Rocklin, charging them with money laundering and money laundering conspiracy, according to U.S. Attorney McGregor W. Scott.



10.20.20

Latvian regulators warn public about cryptocurrency fraud

Crypto remains underregulated, so Latvian investors need to be extra vigilant, says the FCMC.



10.20.20

US financial watchdog fines early Bitcoin mixer $60M for money laundering

FinCEN has fined the operator of early crypto mixers Helix and Coin Ninja for Bank Secrecy Act violations.



10.20.20

Embattled BitMEX hires chief compliance officer

On the heels of a CFTC enforcement action, cryptocurrency exchange platform BitMEX announced the appointment of Malcolm Wright as chief compliance officer of its operating company 100x Group.



10.19.20

Rapper who bragged about getting rich from an unemployment scam arrested for fraud

A rapper who made a music video to brag about getting rich from coronavirus unemployment benefits was arrested for fraudulently applying for more than $1.2 million in aid, the Justice Department announced Friday.



10.19.20

Crown Resorts facing AUSTRAC investigation over potential money laundering breaches

Crown Resorts is being formally investigated by the financial crimes watchdog over potential breaches of anti-money laundering laws in its flagship Melbourne casino.



10.19.20

Bill introduced to Congress aims to stop Hezbollah money laundering

The bill, if passed, would instruct the president to designate areas under Hezbollah control as "primary money laundering concerns."





10.19.20

Leonardo CEO found guilty of fraud in previous job

The CEO of Leonardo, Alessandro Profumo, has been found guilty by an Italian court for committing fraud in 2015 when he was at the helm of a major Italian bank, but he will keep his job, according to the company.



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