07.13.21

The Need For Art Fiduciaries

A recent New York Times article highlights both the use of the art market to launder drug money and how the government is dealing with the issue by extending the reporting requirements of the Bank Secrecy Act to the art and antiquities market.



07.13.21

Cryptocurrency trading volume plunges as interest wanes following bitcoin price drop

Trading volumes at the largest exchanges, including Coinbase, Kraken, Binance and Bitstamp, fell more than 40% in June, according to CryptoCompare



07.13.21

UK faces severe money laundering threats

Leading UK RegTech specialist SmartSearch has warned the UK could be left behind in the fight against money laundering and financial fraud, if it fails to coordinate with the new agency being formed by the EU.



07.13.21

Southwest Georgia Resident Criminally Charged with CARES Act PPP Fraud

A federal grand jury has returned a 12-count indictment charging a Sycamore, Georgia, resident with bank fraud, money laundering and making false statements related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.



07.13.21

Eight Defendants Sentenced in Counterfeit Check Case

Eight defendants who pleaded guilty for their role in an elaborate counterfeit check cashing scheme have been sentenced by a federal judge for their crimes.



07.12.21

New EU Agency Hopes to Curb Crypto Money Laundering

The European Union (EU) has proposed a new agency to crack down on cryptocurrency-related money laundering.



07.12.21

Bullish Cryptocurrency Exchange Prepares to Launch and Go Public on NYSE

Crypto startup Bullish has announced its plan to go public on the NYSE as it gets ready to launch a cryptocurrency exchange.



07.12.21

Lexington Doctor And Wife Charged In Money Laundering Scheme

A Lexington doctor and his wife are facing charges in an international money laundering and health care scheme.



07.12.21

O.C. man charged with wire fraud, money laundering after allegedly selling $3M of medical-grade gloves that were never delivered

An Orange County man was expected to be arraigned Friday on an indictment charging him with defrauding people who paid for medical-grade gloves during the pandemic that were never delivered, causing nearly $3 million in losses.



07.12.21

Cryptocurrency Fraudster Sentenced for Money Laundering and Securities Fraud in Multi-Million Dollar Investment Scheme

A Swedish man was sentenced today to 15 years in prison for securities fraud, wire fraud and money laundering charges that defrauded thousands of victims of more than $16 million.



07.09.21

Robinhood Crypto to Pay $15M Fine Over Security, Anti-Money Laundering Issues

The $15 million fine by New York state is the latest in a series of penalties to hit Robinhood. It also underscores the regulatory risk of operating in the crypto sphere.



07.09.21

Vestavia Hills Father and Son Arrested in Bank Fraud Scheme

oday, a father and son were arrested and charged in a bank fraud scheme in which they provided fraudulent information to financial institutions for the purpose of purchasing boats, luxury vehicles, and heavy equipment, announced U.S. Attorney Prim F. Escalona and Federal Bureau of Investigation Special Agent in Charge Johnnie Sharp, Jr.



07.09.21

EU eyes new money laundering regulator and stricter crypto reporting requirements

The new Anti-Money Laundering Authority would comprise the "centerpiece" of a new supervisory system that would include national regulators.



07.09.21

Assessing the Threat of Weaponized Corruption

On June 3, President Biden issued a National Security Study Memorandum (NSSM) establishing the U.S. fight against corruption as a "core national security interest."



07.09.21

Cryptocurrency Fraudster Sentenced To 15 Years For Money Laundering And Securities Fraud In Multi-Million Dollar Investment Scheme

Roger Nils-Jonas Karlsson, citizen of Sweden, was sentenced today to 15 years in prison for securities fraud, wire fraud, and money laundering charges that defrauded thousands of victims.



07.08.21

EU Aims To Create Anti-Money Laundering Authority

Following a series of scandals, the European Commission wants to create a new Anti-Money Laundering Authority (AMLA), the Financial Times reported Wednesday (July 7).



07.08.21

UFC gets a piece of sports cryptocurrency money with $175 million 'fight kit' sponsorship

Endeavor-owned Ultimate Fighting Championship agreed to a fight kit deal with cryptocurrency platform Crypto.com on Wednesday, the company told CNBC.



07.08.21

Georgia Man Pleads Guilty in Bank Fraud Scheme Exploiting Homeless in Rhode Island

A Georgia man, one of four charged in March with running a scheme in which Providence area homeless and transient individuals were recruited to cash counterfeit business checks in Rhode Island, Massachusetts, Connecticut, and Maine, in exchange for cash payments, pleaded guilty in federal court in Providence today to conspiracy to commit bank fraud.



07.08.21

Suspected hacker Dr HeX arrested over cybercrime, bank fraud impacting thousands

Law enforcement has arrested an individual suspected of being a prolific cybercriminal responsible for phishing, carding, and bank fraud.



07.08.21

Benfica president Lu?s Filipe Vieira arrested over alleged financial fraud

The president of S.L. Benfica, Lu?s Filipe Vieira, was arrested Wednesday together with his son and another two businessmen over suspicions of money laundering and other financial crimes, according to the Portuguese prosecutor's office.



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