05.07.21

This crypto claims to solve bitcoin's biggest problem

Bitcoin may be the king of cryptocurrencies, but it's facing an environmental backlash over the energy-intensive technology underpinning it.



05.07.21

U.S. targets Central America officials for possible sanctions over corruption

The Biden administration plans to release by the end of June a list of corrupt Central American officials who may be subject to sanctions, a U.S. special envoy told Reuters, as Washington seeks to cut back on a root cause of increased migration to the U.S.-Mexican border.



05.07.21

New York City Man Charged with Nearly $4 Million COVID-19 Relief Fraud Scheme and Money Laundering

A criminal complaint was filed in the District of New Jersey today charging a dual-resident of New York and Florida with fraudulently obtaining and laundering nearly $4 million in funds from the COVID-19 relief Paycheck Protection Program (PPP).



05.07.21

Nicaragua to vote on changes to anti-money laundering law

Nicaragua's national assembly will vote on changes to the anti-money laundering law and the law on development bank Produzcamos following discussions at committee level.



05.07.21

Owner of Bay Area construction firm admits to fraud, money laundering

The owner of a Bay Area construction firm admitted to committing felony workers' compensation insurance fraud after years of firing employees when they requested medical treatment for work-related injuries, Santa Clara County prosecutors said.



05.06.21

U.S. targets Central America officials for possible sanctions over corruption

The Biden administration plans to release by the end of June a list of corrupt Central American officials who may be subject to sanctions, a U.S. special envoy told Reuters, as Washington seeks to cut back on a root cause of increased migration to the U.S.-Mexican border.



05.06.21

Dogecoin rally is a 'middle finger' to the financial system, says crypto bull Mike Novogratz

Dogecoin's massive rally this year can be seen as a kind of "middle finger" to the traditional financial system, longtime crypto bull Mike Novogratz told CNBC on Wednesday.



05.06.21

Swedbank fined $5 mln by Nasdaq Stockholm for poor money laundering controls

Swedish lender Swedbank has been fined 46.6 million Swedish crowns ($5.50 million) by the Nasdaq Stockholm for shortcomings in the bank's anti-money laundering controls between December 2016 and February 2019, the bank said on Wednesday.



05.06.21

Democrats ask Treasury to bolster anti-money laundering reporting

Two congressional Democrats sent a letter to Treasury Secretary Janet Yellen on Monday requesting the department bolster anti-money laundering reporting obligations for private equity and hedge fund advisers in an effort to "prevent foreign kleptocrats from moving dirty money through the U.S. and global financial systems."



05.06.21

Italian-German Europol operation detains 31 mafia suspects over drug trafficking and money laundering

Europol has announced the arrests in an international operation with German and Italian authorities, as officers targeted members of the 'Ndrangheta mafia group over allegations of drug trafficking and money laundering.



05.05.21

Level of money-laundering doubles as criminal activity shifts online

The number of money-laundering crimes recorded in the State more than doubled last year and have increased sixfold in just two years.



05.05.21

S&P Dow Jones brings bitcoin, ethereum to Wall St with cryptocurrency indexes

The S&P Dow Jones Indices launched new cryptocurrency indexes, it said on Tuesday, further mainstreaming digital currencies including bitcoin and ethereum by bringing them to the trading floors of Wall Street.



05.05.21

Former Georgia state lawmaker indicted for financial fraud

Former Georgia state lawmaker and university regent Dean Alford has been indicted on racketeering, fraud and forgery charges relating to allegations that he faked contracts while seeking money from a financial company.



05.05.21

Owner of Currency Exchange House Pleads Guilty to Intentionally Violating Anti-Money Laundering Laws

Marco A. Gonzalez, a local business owner of MRK Casa de Cambio, pleaded guilty in federal court today to violating laws and regulations designed to prevent money laundering by customers of his currency exchange business.



05.05.21

New Saudi law boosts efforts to combat financial fraud

Authorities in Saudi Arabia last week approved a new law designed to combat financial fraud and breach of trust.



05.04.21

China toughens war on financial scams ahead of new fraud rules

China has ramped up a crackdown on financial scams, from cryptocurrency swindles to bogus patriotic fundraising that capitalizes on the coming 100th birthday of the ruling Communist Party, as new anti-fraud rules take effect on Saturday.



05.04.21

Grammy organizers change rules after allegations of corruption

The organizers of music's Grammy Awards on Friday announced an end to the so-called "secret" committees that have led to allegations that the highest honors in the industry are open to rigging.



05.04.21

Ethereum's 27-Year-Old Creator Is Now the World's Youngest Crypto Billionaire

Cryptocurrencies had another wild weekend with several popular tokens soaring to new record highs on Monday.



05.04.21

Three Florida Men Charged in $46 Million Health Care Fraud, Kickback, and Money Laundering Conspiracy

Three telemarketing company owners were charged for their alleged participation in a $47 million health care fraud, kickback, and money laundering scheme involving the referral of medically unnecessary cancer genetic tests to labs in exchange for kickbacks.



05.04.21

Compliance code cracker - dishonesty and financial markets in criminal, civil law

In a startling development, proceedings related to "cum-ex" tax evasion/market abuse in the Financial Conduct Authority's (FCA) Regulatory Decisions Committee (RDC) have been stayed.



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