04.29.21

Former B.C. gaming minister asked to reflect about B.C. money laundering issue

British Columbia's longest-serving gaming minister was asked Wednesday if he would have done things differently to stamp out money laundering at provincial casinos.



04.29.21

Alleged Bitcoin Fog Operator Arrested for Money Laundering, Admin Accused of Mixing 1.2 Million BTC

U.S. law enforcement arrested the alleged operator of Bitcoin Fog, Roman Sterlingov in Los Angeles on Tuesday.



04.29.21

Chinese nationals used US banks to launder millions in drug profits for Sinaloa Cartel

A Hong Kong businessman who helped launder cartel drug money flew to Guam in October to pick up fake U.S. passports.



04.29.21

Former Obama White House advisor arrested on accusations of fraud, money laundering

A former White House advisor and spouse to a well-known national news anchor was arrested on charges of fraud and money laundering.



04.29.21

Financial watchdog warns of new appearance of old type of fraud

The financial industry regulator Financial Services and Markets Authority, has issued a warning about an upsurge in a form of financial fraud consumers may fall victim to, known as boiler room fraud.



04.28.21

Visa CEO says payments giant is moving into crypto in a 'very big way'

Visa CEO Al Kelly discussed the payments giant's crypto ambitions during an earnings call on Tuesday, describing the firm as "extremely well-positioned" to do so.



04.28.21

Russia Restricts Navalny Anti-Corruption Group's Work Ahead of 'Extremist' Ruling

A Moscow court has restricted the work of jailed Kremlin critic Alexei Navalny's Anti-Corruption Foundation (FBK) ahead of its ruling to blacklist the group, the state-run RIA Novosti news agency reported Tuesday.



04.28.21

Turkey may establish central custodian bank following alleged fraud at two major exchanges

Vebitcoin CEO Ilker Bas is reportedly in police custody, with Thodex owner Faruk Fatih ?zer suspected to have fled to Albania.



04.28.21

UK imposes sanctions on Russians, South Africa's Guptas in first use of anti-corruption law

Britain imposed sanctions on Monday on 14 Russians, on the Gupta family of South African businessmen and on officials accused of aiding Central American drugs cartels, in the first use of a new power to fight human rights abuses and corruption abroad.



04.28.21

Mitigating Illicit Convergence in Transnational Financial Crime

Rani Hong, Sasha Lezhnev, Ben Spevack and Che Sidanius discuss efforts under way to prevent the illicit exploitation of legal infrastructures for crime.



04.27.21

Why the latest EU Anti-Money Laundering rules targeting crypto crime make compliance key

When the June 3 deadline for complying with the Sixth Anti-Money Laundering Directive hits, businesses around the world will be legally liable for KYC compliance.



04.27.21

Trevor Lawrence, expected to be the No. 1 pick in the NFL draft, signs endorsement deal with crypto app Blockfolio

Lawrence accepted his signing bonus from this endorsement deal exclusively in crypto in a mix of bitcoin, ethereum and Solana



04.27.21

81% of Financial Services Firms Agree Digital ID Would Improve Financial Crime Prevention

Survey results released by Duff & Phelps, A Kroll Business, a provider of governance, risk and transparency solutions, reveal that 81% of respondents agreed or strongly agreed the concept of Digital ID would improve the effectiveness of financial crime prevention across the FS industry.



04.27.21

UK FCA extends annual financial crime reporting obligation (REP-CRIM) to more firms

The FCA is extending its existing annual financial crime reporting obligation (termed the "REP-CRIM" by the FCA) to a broader range of firm types. The change is expected to impact approximately 4500 firms who were previously not in scope.



04.27.21

China to put former top anti-corruption inspector on trial for graft

Dong Hong's case has been handed over to prosecutors amid allegations that he committed 'grave violations' of Communist Party discipline



04.26.21

U.S. weighs anti-graft task force for Central America

The Biden administration is considering creating a task force of officials from the U.S. Justice and State Departments and other agencies to help local prosecutors fight corruption in Central America's Northern Triangle countries, a senior U.S. official said on Thursday.



04.26.21

UAE, UK host anti-money laundering training sessions

Key institutions from across the UAE benefitted from the skills and knowledge exchange



04.26.21

South Korea pledges crackdown on money laundering via digital currencies

Officials in South Korea have said there will be "no illegal cryptocurrency transaction in the country", following meetings to address the volatility of digital currency markets and their illegal use in crimes such as money laundering.



04.26.21

Man gets 50-year sentence for fraud at Riverside bank

He was former president of Peoples Trust and Savings Bank



04.26.21

Poway Rabbi's Sentencing in Financial Fraud Delayed 6 Months: Probe Persists

Chabad of Poway's former head rabbi faces a maximum five-year prison sentence for tax-evasion and other financial crimes he pled guilty to last July.



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