03.16.21

What Is Crypto Crime's True Cost?

Last week we published our analysis on crypto crime in 2020, analyzing traditional (fiat) vs crypto crime, which crypto criminal sectors were rapidly growing, a detailed look at the different types of crypto fraud and more.



03.16.21

India to propose cryptocurrency ban, penalising miners, traders - source

India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class.



03.16.21

ABN Amro shares fall on concerns about size of possible money laundering fine

ABN Amro shares fell 4% in early trading in Amsterdam on Monday, following reports that the Dutch bank might face a higher-than-expected penalty in an ongoing money laundering investigation.



03.16.21

What to do if you are a victim of unemployment fraud

Unemployment fraud in the U.S. has reached dramatic levels during the pandemic - the Labor Department inspector general's office estimates that more than $63 billion has been paid out improperly through fraud or errors since March 2020.



03.16.21

Saudi Arabia arrests hundreds in its latest corruption crackdown

At least 241 people, including employees from several ministries, arrested after raids carried out last month.



03.15.21

South Korea digital currency exchanges to face penalties for anti-money laundering breaches

The financial regulator in South Korea has introduced a raft of new enforcement measures, designed to ensure digital currency exchanges are upholding their obligations under anti-money laundering regulations.



03.15.21

How New Anti-Money Laundering Laws Will Affect Art Collectors

Julian Stallabrass, an academic at the Courtauld Institute of Art, wrote in the London Review of Books in 2013 that "the more art is useful for investment, tax scams, money-laundering, and entry to the elite," the more it "parades its principled uselessness" at art fairs.



03.15.21

Bitcoin surpasses $60,000 in record high as rally accelerates

Bitcoin crossed a record high of $60,000 on Saturday morning, continuing its rally as major companies and financial institutions adopt cryptocurrencies.



03.15.21

New Bank Fraud and Aggravated Identity Theft Charges Added to Non-Profit CEO'S Previous Federal Indictment Charging Her with Wire Fraud, Bank Fraud, and Aggravated Identity Theft

A newly filed federal superseding indictment adds bank fraud and aggravated identity theft charges against Glenda Hodges, age 69, of Clinton, Maryland, who was already facing wire fraud, bank fraud, and aggravated identity theft charges in connection with the misuse of federal funds and other fraud related to non-profit and for-profit entities that Hodges operated.



03.15.21

FBI's Peninsula office in Newport News has a new leader, and more crimes to dig into

The FBI has been ramping up its Peninsula operation - adding more special agents and technology to investigate a broader array of crimes.



03.12.21

Why Cryptocurrency Stocks Like Canaan, The9, and Riot Blockchain All Skyrocketed Today

The world's largest cryptocurrency, Bitcoin (CRYPTO:BTC), just keeps getting bigger. Over the past 24 hours, its price has risen about 2% and is approaching $58,000 per Bitcoin. This puts Bitcoin's market capitalization at about $1.07 trillion, according to CoinDesk.



03.12.21

U.S. Extradites Thai GDMA Associate in Ongoing 'Fat Leonard' Corruption Probe

A Thai woman extradited as part of the wide-ranging Navy corruption investigation involving ship-husbanding contractor Glenn Defense Marine Asia appeared in federal court this week.



03.12.21

Myanmar's ousted leader Suu Kyi probed over corruption as 6 killed

Myanmar's ousted leader Aung San Suu Kyi has been investigated over corruption, a military government spokesman said Thursday amid local reports that at least six people were killed as security forces opened fire on anti-coup protesters.



03.12.21

New Bank Fraud and Aggravated Identity Theft Charges Added to Non-Profit CEO'S Previous Federal Indictment Charging Her with Wire Fraud, Bank Fraud, and Aggravated Identity Theft

A newly filed federal superseding indictment adds bank fraud and aggravated identity theft charges against Glenda Hodges, age 69, of Clinton, Maryland, who was already facing wire fraud, bank fraud, and aggravated identity theft charges in connection with the misuse of federal funds and other fraud related to non-profit and for-profit entities that Hodges operated.



03.12.21

100 years ago in Spokane: Cheers erupted in the courtroom as a beloved fraud defendant was acquitted

The acquittal of Jay Hough in a sensational financial fraud case was wildly popular in Spokane.



03.11.21

Bill to Exempt Crypto from Securities Laws Reintroduced in Congress

Warren Davidson introduced version 3.0 of the Token Taxonomy Act, which he previously sponsored in 2018 and 2019.



03.11.21

Colombia's former Supreme Court president convicted over mammoth corruption scandal

The former chief justice of Colombia's Supreme Court was convicted for corruption on Tuesday after a bribery scandal reached the highest echelons of the country's justice system.



03.11.21

US sanctions mining magnate accused of corruption in the Congo, reversing Trump-era move

Dan Gertler was first frozen out of the U.S. financial system in 2017 after Paradise Papers exposed how he helped secure lucrative mining rights for commodities giant Glencore.



03.11.21

FBI investigating Standish-based surveying company for allegations of wire fraud, money laundering

A Standish-based surveying company is the focus of a federal investigation into possible tax fraud.



03.11.21

Banking on SAMA's advice to combat financial crime

The advances in modern communications technology have been incredible, such as high-speed internet, text messaging, social networking sites, WhatsApp, and smartphones.



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