04.15.21

Bernie Madoff, mastermind of the nation's biggest investment fraud, dies at 82

Bernard Madoff, mastermind of the biggest investment fraud in U.S. history, ripping off tens of thousands of clients of as much as $65 billion, died Wednesday.



04.15.21

Like it or not, you should probably start paying attention to bitcoin

As Coinbase goes public, cryptocurrency is more mainstream than ever.



04.15.21

Two Charged in High-Risk International Financial Scheme

An indictment was unsealed today in the Eastern District of New York charging two defendants with failing to maintain anti-money laundering controls, failing to file suspicious activity reports, and operating an unlicensed money transmitting business.



04.15.21

U.S. FTC commissioners to testify on anti-fraud efforts during pandemic

Commissioners on the Federal Trade Commission will testify to Congress next week to discuss the agency's anti-fraud efforts during the COVID-19 pandemic, particularly its ability to seek financial redress from accused scam artists.



04.15.21

Five Individuals Charged in Offering Fraud, Stock Manipulation and Money Laundering Schemes

Defendants Misappropriated More Than $10 Million and Used the Proceeds to Purchase Luxury Items, Plastic Surgery and a Bentley Automobile



04.14.21

What the Coinbase listing means for the price of bitcoin and other cryptocurrencies

Bitcoin has been surging to record highs, ahead of Wednesday's stock debut of crypto exchange Coinbase, and some analysts say the offering could be a potential pivotal moment for cryptocurrencies.



04.14.21

Liberia, Sierra Leone FIUs Brainstorm to Fight Money Laundering At Border Points

The Financial Intelligence Units (FIUs) of Liberia and neighboring Sierra Leone are presently brainstorming on workable measures to fight trade-based money laundering, the movement of cash along the borders of the two Mano River Union (MRU) countries, sharing intelligence and expertise in the fight against money laundering and terrorist financing.



04.14.21

Swiss money laundering probe eyes Lebanon central bank chief: report

From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of Lebanon's central bank chief Riad Salameh, a Swiss newspaper reported Tuesday.



04.14.21

Money laundering headed by mafia in three cities

"Professional money launderers and their networks pose a significant threat to Canada's financial system," wrote RCMP Chief Superintendent Rob Gilchrist.



04.14.21

Online Vendor Pleads Guilty to $5 Million Postage Fraud Scheme

Cuong H. Nguyen pleaded guilty in federal court today to conspiring to engage in a wide-ranging postage counterfeiting, forging, and tampering scheme that, over the course of multiple years and more than 160,000 packages, deprived the U.S. Postal Service of approximately $5 million of postage due and owing.



04.13.21

The war against money-laundering is being lost

The global system for financial crime is hugely expensive and largely ineffective



04.13.21

A made-in-Miami money laundering saga develops even deeper Ukraine roots

Take a couple of Ukrainian oligarchs sanctioned for alleged money laundering. Add a mix of Florida-based businessmen who employed the husband of a prominent Democratic politician. Throw in some political connections tracing back to Rudy Giuliani, former Ukrainian presidents and even the Kremlin.



04.13.21

Latvian extradited to Pittsburgh to face money-laundering count

A Latvian national extradited to Pittsburgh last week to face money-laundering charges appeared briefly in federal court on Monday by video and will have a detention hearing on Friday.



04.13.21

Former Nike Marketing Manager Pleads Guilty to Wire Fraud, Money Laundering, and Making False Statements

Errol Andam, 49, of Beaverton, Oregon, a former marketing manager at Nike, Inc., pleaded guilty today to wire fraud, money laundering, and making false statements on a loan application as part of a scheme to defraud his former employer, announced Acting U.S. Attorney Scott Erik Asphaug.



04.13.21

How Cybercriminals Stole $1.8 Billion from Unsuspecting Older Americans in 2020

FBI blames last year's scam surge on technology dependence during pandemic



04.12.21

SEC's Hester Peirce Says Cryptocurrency Market Has Matured

Hester Peirce, a commissioner for the United States Securities and Exchange Commission (SEC) said in an interview that Bitcoin, and the wider cryptocurrency market, are maturing.



04.12.21

Sioux Falls Man Charged with Multiple Fraud Counts regarding Pandemic Relief Programs

Acting United States Attorney Dennis Holmes announced that a Sioux Falls, South Dakota, man has been indicted by a federal grand jury for Bank Fraud, Attempted Bank Fraud, False Statement to a Financial Institution; Engaging in Monetary Transactions in Property Derived from Specified Unlawful Activity, and False Statement.



04.12.21

Anti-Money Laundering Delegation Urges Collaboration

A visiting delegation of the Inter-Government Action Group against Money Laundering in West Africa (GIABA) has congratulated the CBL for its continuous support to GIABA over the years and its commitment to AML/CFT (Anti-money Laundering/Combating the Financing of Terrorism) in Liberia and also spoke of the need for collaboration between CBL and Financial Intelligence Unit of Liberia (FIUL) for the mutual benefit of the two institutions.



04.12.21

106 years jail and confiscation of SR465 million for money laundering gang

The Public Prosecution announced that five citizens obtained seven commercial registers to import foodstuffs, opened bank accounts and handed them over to 16 residents of Arab nationality, with the aim of using the accounts to deposit illegal amounts of money from the source and transfer them abroad in return for a monthly amount for the citizens.



04.12.21

Last of 8 sentenced in $44 milion Central Ohio drug, money laundering scheme

The Department of Justice closed the book on a years-long prosecution of a $44 million money laundering case Friday in which Columbus cell phone stores were operated as fronts to send drug money to Mexico.



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