05.14.21

As much as $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoin

Hundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin.



05.14.21

B.C. money laundering inquiry could have lessons for other provinces: lawyer

4 reports concluded the flow of hundreds of millions of dollars in illegal cash linked to organized crime and the drug trade impacted the province's real estate, luxury vehicle and gaming sectors



05.14.21

Westford Man Agrees to Plead Guilty to Bank Fraud Conspiracy and National Firearms Act Violation

A Westford man has agreed to plead guilty to conspiring to commit bank fraud and possessing an unregistered firearm.



05.14.21

ACAMS Hollywood: Cybercriminals using bots, deepfakes & synthetic identities to defraud financial institutions

During a recent online ACAMS panel, experts discussed what anti-money laundering professionals need to do to protect their institutions and clients from cybercrime



05.14.21

Binance probed by US as money-laundering, tax sleuths bore in

Binance Holdings Ltd. is under investigation by the US Justice Department and Internal Revenue Service, ensnaring the world's biggest cryptocurrency exchange in US efforts to root out illicit activity that's thrived in the red-hot but mostly unregulated market.



05.13.21

Tesla stock and bitcoin drop after Elon Musk says car sales with crypto will be halted due to energy usage of mining

Bitcoin price drops by $2,000, Tesla shares decline about 1% in after-hours trading following announcement on Musk's Twitter account



05.13.21

Crime & Fraud in the DeFi Ecosystem: A

Decentralized finance is growing - and hackers are following the money.



05.13.21

CEO Of Private Equity Fund Charged In Manhattan Federal Court With Lying To Bank To Secure $95 Million Loan

Elliot Smerling Charged with Wire Fraud, Bank Fraud, and Aggravated Identity Theft for Falsifying Capital Commitments, Fund Finances, to Secure $95 Million Loan



05.13.21

Former President of First Mortgage Company Pleads Guilty to Bank Fraud, Money Laundering, and False Statements to a Financial Institution

Yesterday, RONALD J. MCCORD, 70, of Oklahoma City, pleaded guilty to defrauding two locally-based banks, Fannie Mae, and others through a broad range of fraudulent conduct over the course of three years, announced Acting U.S. Attorney Robert J. Troester.



05.13.21

Ethereum co-creator donates $1 billion in crypto for India COVID-19 relief

Vitalik Buterin made donation of 50.7 trillion Shiba Inu coins



05.12.21

Former Live Well CEO Convicted in $200 Million Bond Fraud

The founder and former CEO of reverse mortgage originator Live Well Financial has been convicted of securities fraud, wire fraud, and bank fraud charges for fraudulently inflating the value of a bond portfolio owned by the company.



05.12.21

Pandemic Brings Financial Fraud Into the Limelight With Almost 1-in-5 UK Respondents Becoming First-time Victims Following Covid-19 Lockdowns

New Marqeta survey shows that 68% of people surveyed in the UK are more concerned about fraud since the start of the pandemic, with 79% believing banks should more accurately predict fraudulent transactions



05.12.21

Why do we allow money laundering in the auto industry?

Canada has a money laundering problem, and nowhere is it more apparent than in British Columbia



05.12.21

What's Going On With EOS Cryptocurrency?

Get $100,000 to practice your trading skills. Every new account on eToro is credited with $100,000 in a virtual portfolio, so you can practice trading risk-free.



05.12.21

Ex-UAW President Dennis Williams gets 21-month sentence in corruption probe

Dennis Williams, who rose through the ranks to lead one of the most important unions in the United States as president of the UAW, is heading to prison for his role in the long-running corruption scandal.



05.10.21

Mexico president says U.S. finances anti-corruption 'coup plotters' group

Mexico has sent a diplomatic note asking the United States to suspend funding for an anti-corruption group critical of the government, President Andres Manuel Lopez Obrador said on Friday.



05.10.21

Arnold Schwarzenegger Follows Warren Buffett's Crypto Investment Strategy, Keeps Away From Bitcoin

Former Governor of California Arnold Schwarzenegger has confirmed that he does not invest in bitcoin or any other cryptocurrencies. He says that he is "like Warren Buffett" in that he does not invest in things he does not understand.



05.10.21

Why KYC and financial crime compliance matters

Although the phrase 'know your customer' may seem insignificant to most people, it is of significant importance for banks.



05.10.21

Google teams up with Stop Scams to tackle financial fraud in the UK

Google has joined Stop Scams and outlined new measures to try and clamp down on financial fraud in the United Kingdom.



05.10.21

Pension giant Aviva backs calls for Government crackdown on financial fraud after its brand is hijacked by criminals

Aviva has backed calls for a Government crackdown on financial fraud after its brand was hijacked by criminals.



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