12.31.20

Sweeping Anti-Money Laundering Legislation Requires Registration With FinCEN

On December 11, 2020, the Senate passed the National Defense Authorization Act for Fiscal Year 2021.



12.31.20

'Deference to those with influence fuels money laundering'

Banks' deferential treatment towards powerful and influential people is one of the reasons money laundering has risen in the country in recent years, India's largest bank's compliance chief said on Tuesday.



12.31.20

New Research Sheds Light on the Front-Running Bots in Ethereum's Dark Forest

New research from the cryptocurrency wallet ZenGo has shed additional light on front-running attacks happening on the Ethereum blockchain.



12.31.20

How scammers siphoned $36B in fraudulent unemployment payments from US

In a Zoom session with the camera turned off, Mayowa describes how he scoops up U.S. unemployment benefits fattened by COVID-19 relief, an international imposter attack that has contributed to at least $36 billion being siphoned away from out-of-work Americans.



12.30.20

Finance sector warned of Covid-19 vaccine fraud

Finance sector warned of Covid-19 vaccine fraud



12.30.20

Moroccan opponent Maati Monjib arrested for money laundering

Moroccan Historian and human rights defender Maati Monjib has been finally arrested Tuesday to be brought before the Public Prosecutor, in a case where he is suspected of "money laundering".



12.30.20

Turkish Authorities Search For Suspect In US Tax Fraud Scheme

Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit scheme in the U.S., the Associated Press (AP) reported.



12.30.20

Prosecutors Move to Charge Podemos Party with Financial Crime

PODEMOS is facing scrutiny as Madrid prosecutors move to charge the coalition party with irregular financing.



12.30.20

Northland woman sentenced for money laundering

Anna Peasnell allowed the use of her bank account to deposit the ill-gotten gain from a concert ticketing scam but is refusing to reveal who masterminded the scheme.



12.29.20

Thwarting financial crime at every level with the cloud

Financial crime has never been so rife nor so sophisticated. Case in point: the government's pandemic support loans have been a high-profile victim of financial crime in recent months with over ?1.1 billion of suspected fraud prevented so far in the 'Bounce Back' scheme alone.



12.29.20

Brexit Raises The Stakes For B2B Payments Fraud

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. In a recent announcement, Nacha said that a survey it conducted in collaboration with Blueflame Consulting and Research revealed the accounts payable department's growing exposure to fraud risks, the result of challenges in maintaining and verifying data, vendor on-boarding, and other manual tasks.



12.29.20

Miami family heads to prison for dark web racket built on ID theft, counterfeit checks

Initially, a Miami family's crime appeared to be just illegal cockfighting.



12.29.20

Three Anil Ambani companies have reportedly been accused of fraud by banks

India's infamous fallen billionaire, Anil Ambani, may have claimed that his 'net worth is zero' but Indian banks aren't buying it.



12.29.20

New Bill Promises Large Cash Awards for Anti-Money Laundering Whistleblowers

A new defense bill proposes the creation of a whistleblower program to encourage reporting of anti-money laundering violations.



12.28.20

Iraq's central bank under investigation for alleged money laundering

Country's Supreme Judicial Council also probing allegations of involvement in terrorist financing by Central Bank of Iraq, along with 13 private banks.



12.28.20

Congress just passed the most important anti-corruption reform in decades, but hardly anyone knows about it

The U.S. is embracing the most sweeping anti-corruption reforms the country has seen in decades - and will do so with remarkably strong bipartisan support and little fanfare.



12.28.20

Court orders FIR against Roorkee IIT director for alleged financial fraud in scholarships

Additional Chief Judicial Magistrate court of Roorkee in Uttarakhand's Haridwar district has ordered the police to file an FIR against the director of the Indian Institute of Technology (IIT) Roorkee and other staffers for the alleged financial fraud in scholarships, central grants and construction money. T



12.28.20

Netanyahu's attorneys file request to dismiss corruption charges

Israeli Prime Minister Benjamin Netanyahu's defense lawyers submitted Sunday a request to the Jerusalem District Court to revoke the corruption charges filed against him in three separate indictments, Hebrew-language daily Israel Hayom reported.



12.28.20

Tightening the nooseon white-collar frauds

The Economic Offences Wing of Delhi Police has achieved a success rate of 98.3% in solving financial crimes this year



12.24.20

U.S. Warns Crypto Stablecoins on Money Laundering, Risk Controls

Top U.S. financial regulators are warning firms behind an important part of the cryptocurrency market to tighten protections against money laundering.



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