09.17.20

Ex-DEA 'star' agent in Miami pleads guilty to narco-linked money laundering crime

A former Drug Enforcement Administration agent who was once considered a star in the Miami office faces up to 20 years in prison after pleading guilty this week to siphoning millions from undercover money-laundering operations targeting traffickers.



09.17.20

Anti-money Laundering Market worth $4.5 billion by 2025

Stringent government regulations and compliances regarding AML, the increasing focus of financial institutions on digital payment-related issues and need for a holistic view of data to curb financial crimes are major growth factors for the market.



09.17.20

Bergen County attorney indicted in $9 million in CARES Act fraud

A Cliffside Park attorney was indicted by the U.S. Attorney's office in a bank fraud scheme where he obtained $9 million, authorities said.



09.17.20

COVID-19 fraud has ripped off $3.8M from NJ residents, report finds

Scammers hit the jackpot when the COVID-19 health crisis hit the Garden State.



09.17.20

Money-launderers use Chinese online shopping sites to funnel cash offshore

Police busts show people topping up offshore gambling accounts using fake transactions on popular platforms



09.16.20

Regulatory risks grow for DeFi as a 'money laundering haven'

DeFi could fall under regulatory pressure if it is seen as a haven for money laundering.



09.16.20

AG's Office announces more than 50 arrests connected to Paycheck Protection Program fraud

Since the Paycheck Protection Program (PPP) launched to help businesses pay their employees to prevent great losses due to the COVID-19 pandemic, some people have of course tried to exploit the program and defraud the federal government of money.



09.16.20

Nikola rebuts fraud claims but acknowledges that its truck wasn't driving itself

Shares of Nikola recovered from early losses Monday as the electric vehicle start-up disputed fraud claims made last week by short-selling firm Hindenburg Research.



09.16.20

Fisco Files Complaint Against Binance for Facilitating Money Laundering

Fisco Cryptocurrency Exchange, Inc, a Japanese cryptocurrency exchange, has filed a complaint against Binance Holdings Ltd. in a United States Court, claiming that Binance facilitated the laundering of stolen funds from Zaif, a cryptocurrency exchange that was hacked in 2018.



09.16.20

Texas woman fraudulently submitted Paycheck Protection Program loan applications for nearly $2M, DOJ says

A Texas woman who received nearly $2 million in Paycheck Protection Program loans amid the ongoing coronavirus pandemic was arrested Tuesday by federal authorities on fraud allegations.



09.15.20

Hong Kong crime family arrested in HK$3 billion money-laundering investigation

Parents and three children had over 100 personal bank accounts between them, with officials looking into 6,000 suspicious transactions



09.15.20

Brazil's da Silva faces new charge of money laundering

Prosecutors in Brazil's sprawling Car Wash corruption investigation on Monday charged former President Luiz In?cio Lula da Silva with money laundering, less than a year after the country's top court ordered him freed from jail while he appealed his conviction in another case.



09.15.20

Chicago nursing home executives charged with fraud

The owner of a chain of nursing homes and the company's vice president are accused of defrauding investors of millions of dollars in a Ponzi scheme.



09.15.20

North Carolinians lose nearly $4 million to fraud during COVID-19 pandemic

North Carolina residents have lost $3.98 million to fraud amid the the COVID-19 pandemic, according to the Federal Trade Commission.



09.15.20

UK Regulator Ends Half Its Money Laundering Probes Without Prosecuting

The United Kingdom's financial regulator has closed the book on seven of 14 criminal investigations into the breach of money laundering rules, the Financial Times (FT) reported.



09.14.20

Don't fall prey to these 3 common money laundering scams

Money laundering (also known as "money mule") scams have been around for a long time, but have been gaining in frequency during the Covid-19 pandemic. That's because many of us are quarantined at home, spending more time online, where many of these scammers prey.



09.14.20

Fraud Prevention During the Pandemic

When the economy is disrupted, fraud goes up, so let's not ignore the lessons we can learn from previous downturns.



09.14.20

Rapper TI named in federal investigation of cryptocurrency fraud

An Atlanta film producer has been indicted on federal charges connected to a cryptocurrency investment scheme. He's accused of raising millions from investors and spending the money on personal items and using several others including Atlanta rapper T.I. to help promote his business.



09.14.20

California: Fraud likely driving suspicious spike in unemployment claims

Gov. Gavin Newsom said Wednesday that he was aware of the likelihood of fraudulent claims and that the state was investigating them.



09.14.20

Tether cryptocurrency emerges as money laundering fears rise

The use of cryptocurrencies is increasing around the world. While the flow of these assets is not managed by individual governments or central banks, authorities are considering tightening rules as the risk of cryptocurrencies being used in money laundering and to fund crime are increasing.



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