06.03.21

Six people charged with laundering over $3.5M earned through romance scams

An elaborate romance scam that duped lovestruck victims was assisted by six people - including three New Yorkers - who laundered more than $3.5 million, prosecutors charged Wednesday.



06.03.21

How Do You Know Crypto Is Winning? Look Where the Talent Is Going

Crypto is poaching top talent from financial and technology giants.



06.03.21

China ups fines and widens scope of draft money laundering law

China's central bank on Tuesday issued a revised draft anti-money laundering law, under which fines for certain offences would rise to as much as 10 million yuan ($1.6 million) and a host of non-financial institutions would be brought within its scope.



06.03.21

Millions Laundered Through Crypto Money Services Operation Triggers Prison Sentence

A California man will spend time behind bars for a Bitcoin money-laundering operation, after being nabbed by undercover agents.



06.03.21

Man Sentenced for his Role in Directing COVID-19 Relief Fraud Scheme

A Wisconsin man was sentenced today to 57 months in prison for fraudulently obtaining over $1 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.



06.02.21

Thousands will descend on Miami for the world's largest crypto conference. Is the hype real?

Miami is about to play host to what may be the largest cryptocurrency conference the world has ever seen.



06.02.21



06.02.21

New EU Prosecutor's Office to Target Financial Fraud

The European Union's new prosecutor's office opened its doors in Luxembourg Tuesday, tasked with cracking down on fraud - just before the 27 member states receive a $920 million injection of post-coronavirus recovery funds.



06.02.21

Interpol seizes ?58.4m in multi-national crackdown on financial cyber crime

A six-month long law enforcement operation in the Asia Pacific coordinated by Interpol resulted in the seizure of approximately ?58.4m in funds that were stolen by fraudsters through scams such as investment fraud, romance scams, online sextortion, and voice phishing.



06.02.21

Asian Police Seize $83 Million in Operation Against Online Financial Crime

Focusing on romance scams, online sextortion, investment fraud, voice phishing and money laundering associated with illegal online gambling, police in nine Asian countries arrested more than 500 suspects and seized US$83 million, Interpol said on Thursday.



05.28.21

Swiss bank Julius Baer to pay $80 million in deferred prosecution deal for FIFA soccer corruption case

Large Swiss bank Julius Baer & Co. on Thursday received a deferred prosecution agreement from federal prosecutors and agreed to pay a criminal fine and forfeiture of about $80 million for money laundering conspiracy charges related to bribes involving the international soccer governing body FIFA.



05.28.21

TSB admits non-compliance with anti-money laundering and terrorism financing laws

TSB has admitted the breaches, the Reserve Bank calling its move "an escalated regulatory response to TSB's non-compliance with aspects" of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009.



05.28.21

Quantexa revenues improve as companies address money laundering

Contextual Decision Intelligence (CDI) vendor, Quantexa, has said its revenues doubled in the fiscal year 2020.



05.28.21

Tougher audit standards fall short on fraud, shareholder group says

Tougher new standards for auditors to detect fraud are a "mixed bag", shareholder advisory group Pirc has said.



05.28.21

U.S. Customs and Border Protection and the U.S. Chamber of Commerce announced a joint initiative today to prevent the importation of counterfeit and pirated goods.

U.S. Customs and Border Protection and the U.S. Chamber of Commerce announced a joint initiative today to prevent the importation of counterfeit and pirated goods.



05.27.21

US charges ex-Bolivian minister with bribery, money laundering

US accuses former Bolivian Interior Minister Arturo Murillo of receiving bribes from US company and individuals.



05.27.21

Crown still exposed to money laundering

Crown faced pushback after cutting by half the length of a historical review into the presence of money laundering in its bank accounts, a royal commission has heard.



05.27.21

Apple Is Looking for Crypto Experience in 'Alternative Payments' Job Post

Apple's payments unit is looking for a crypto-savvy biz-dev specialist to lead partnership efforts.



05.27.21

Federal judge dismisses player's lawsuit against Adidas over basketball corruption

A federal judge in South Carolina has dismissed former Louisville and South Carolina basketball player Brian Bowen II's lawsuit against Adidas in its entirety.



05.27.21

UK: Financial Fraud - Banks Under No Duty To Play Detective

To what extent, if any, are banks under an investigatory duty to protect their clients from fraud? The High Court considered that critical issue in a case concerning a woman who lost ?700,000 after falling victim to a sophisticated scam.



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