02.16.21

Australia: Casino group CEO steps down amid money laundering scandal

The head of Australia's Crown Resorts casino group has announced his resignation, following a scathing report into the company's operations.



02.16.21

270 addresses are responsible for 55% of all cryptocurrency money laundering

Most cryptocurrency money laundering is concentrated in a few online services, opening the door for law enforcement actions.



02.16.21

Financial fraud is like murder

While stating that financial fraud is like a murder and rape, Dr Sushil Kumar Garg, Special Judge, CBI Court, Chandigarh, has awarded four-year rigorous imprisonment (RI) to a former bank manager and a businessman holding them guilty in connection with an eight-year-old fraud case with a bank.



02.16.21

Consilient Bank Trials Demonstrate Federated Machine Learning Improves Effectiveness and Efficiency for Financial Crime Detection

Consilient applies its federated learning model and machine-learning technology for anti-money laundering and countering the financing of terrorism efforts for financial institutions



02.16.21

South Africa's Zuma could be jailed after no-show at corruption inquiry

A South African inquiry into corruption during Jacob Zuma's time as president will ask the constitutional court to impose a jail term on the former leader after he defied an order to appear before the inquiry on Monday.



02.15.21

Will money laundering laws end art world's culture of secrecy?

When a Botticelli painting went under the hammer last month at Sotheby's in New York for $92 million, it was assumed the buyer was a Russian oligarch since the bidding was done by an adviser to wealthy Russians.



02.15.21

Cybercrime Joker Retires, Becomes A Bitcoin Billionaire

They say that crime doesn't pay. They obviously hadn't met the Joker...



02.15.21

Clashes erupt at rally against corruption, COVID-19 curbs in Cyprus

Clashes broke out between police and activists in Cyprus on Saturday during a protest against corruption and lockdown measures imposed over the COVID-19 pandemic, witnesses said.



02.15.21

Mark Cuban on blockchain: 'It's like the early days of the internet' when 'a lot of people thought we were crazy'

Self-made billionaire Mark Cuban says new innovations and companies will come out of the pandemic, creating an "America 2.0," as he calls it.



02.15.21

End-to-End AML Compliance: How to Fight Financial Crime While Avoiding Costly Compliance Mistakes

AML fines are rising each year as financial institutions continue to make the same compliance mistakes.



02.12.21

Top Mexico Tax Official Fired for Permitting Money Laundering

Mexico's tax authority has dismissed Ram?n Garc?a Gibson, one of its highest-ranking officials, for "evident conflicts of interest" and his participation in a scheme that enabled the Sinaloa and Norte de Valle cartels to use HSBC Mexico's infrastructure to launder hundreds of millions of dollars in the early 2000s.



02.12.21

UAE urged to free Jordanian imprisoned for highlighting corruption in Amman

Human rights organisations have this week urged the United Arab Emirates to release Jordanian activist Ahmed al-Atoum, who was sentenced to ten years in prison in October because of comments he'd made on social media.



02.12.21

City Contractor Florence Kong Becomes First to Be Sentenced In Federal Corruption Probe

Florence Kong, the owner of a construction firm as well as a debris recycling company that did business with San Francisco's Department of Public Works under former director Mohammed Nuru, today became the first figure to be sentenced in the ranging federal corruption investigation that first became public in early 2020.



02.12.21

Former Grand Blanc financial advisor, golf course owner accused of committing fraud against elderly

A former Grand Blanc-based financial advisor and the former owner of the Jewel of Grand Blanc golf course has been charged for allegedly devising a scheme to trick elderly people into investing in a fictitious investment opportunity.



02.12.21

Social Isolation and the Risk of Investment Fraud

Social isolation, whether voluntary or involuntary, has long been a leading factor contributing to the financial exploitation of older investors.



02.11.21

Henry County restaurant owner sentenced for laundering nearly $4.5 million for a Mexican drug cartel

A 48-year-old woman will spend eight years in prison for using her restaurant to fund a Mexican drug cartel.



02.11.21

A 63-Year-Old Woman From Texas Is Reportedly Catfished And Scammed By Someone Pretending To Be The 'Versace On The Floor' Singer, Convincing Her To Send Him $100K To Two Different Bank Accounts.

As Valentine's Day is fast approaching, it's natural for people to try to find love online. However, a 63-year-old woman from Texas was ironically catfished and scammed by someone who pretended to be singer Bruno Mars.



02.11.21

Mastercard says it will support 'select cryptocurrencies directly on our network' this year

Mastercard said Wednesday that it will begin supporting cryptocurrencies on its network later this year.



02.11.21

Bronx man pleads guilty to laundering $1.5 Million

A Bronx man faces 25 years in prison after pleading guilty Wednesday for allegedly laundering $1.5 million and scamming senior citizens.



02.11.21

ED summons Ranbir Kapoor's cousin Armaan Jain in money laundering case

The Enforcement Directorate (ED) on Wednesday summoned Armaan Jain-the cousin of Bollywood actors Ranbir Kapoor, Kareena Kapoor Khan, and Karisma Kapoor -- in a money laundering case.



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