09.01.20

Wirecard inquiry: How did German officials miss fraud of century?

Lawmakers are questioning an adviser to Chancellor Angela Merkel in Berlin before grilling financial industry watchdogs.



09.01.20

Minnesota Man Among 3 Sentenced In Money Laundering And ID Theft Scheme

he U.S. Attorney's Office Minnesota district office announced that the third and final person involved in a scheme to commit identity theft and money laundering has been sentenced to more than two years in prison.



09.01.20

Mexican Drug Cartel Laundered $10 Million at Dallas Clothing Store, Feds Charge 28 People

A drug cartel lieutenant and a 23-year-old money launderer could spend the rest of their lives in prison.



09.01.20

May 24 trial set for Steve Bannon in fundraising fraud scam

A May 2021 trial date has been set for President Donald Trump's former chief strategist on charges that he cheated donors to a group seeking to fund a southern border wall.



09.01.20

Chandler man arrested after faking terminal illness, committing fraud, police say

A Chandler man has been arrested after faking a terminal illness to allegedly commit fraud while on pre-trial release for a similar crime, police say.



08.31.20

Former Pakistan general Asim Bajwa, who is PM aide and CPEC chief, faces 'corruption' heat

Report alleges Bajwa family's 'suspicious' financial dealings run into millions of dollars. A Pakistani govt website was hacked, calling for accountability.



08.31.20

Man pleads guilty for money laundering billions of dollars

New York Attorney General Letitia James and New York State Police Superintendent Keith M. Corlett announced the felony conviction following a money laundering scheme.



08.31.20

How 'Love Fraud' lothario Scott Smith 'scammed' women out of $1 million

Balding, a bit hunched, and stuck with a tentative smile and nervous stutter, Richard "Scott" Smith was improbably irresistible.



08.31.20

Paycheck Protection Fraud Is Massive And Unsurprising

The Paycheck Protection Program has been something of a whirlwind as hundreds of billions were quickly shoveled out.



08.31.20

Rio's governor suspended amid widening corruption probe involving Brazil's pandemic response

The governor of Rio de Janeiro state was suspended from office Friday by a Brazilian court as part of a corruption probe into alleged kickbacks amid the state's disastrously chaotic response to the coronavirus pandemic.



08.28.20

Holy Rollers: The Religious Leaders Using Churches to Launder Illicit Cash Across the Americas

When Erik S??iga died in U.S. custody in April, he left a rich religious and political legacy in the Guatemalan town where he founded an evangelical church, and served as mayor for over a decade.



08.28.20

Binance and Oasis Labs Launch Alliance to Combat Crypto Fraud and Hacks

Leading crypto exchange Binance is launching the CryptoSafe Alliance platform in partnership with Oasis Labs, a data privacy company, to prevent and analyze cryptocurrency fraud.



08.28.20

900,000 unemployment claims remain under fraud investigation

90,000 unemployment claims that were placed under fraud investigation began to be paid out on Friday, but there approximately 900,000 claims that remain under investigation.



08.28.20

FBI tips to avoid 'Business Email Compromise' fraud

As reliant as the insurance industry (along with every other business) has become on email to manage client, vendor and partner communications, the fact remains that any such digital tool can leave individuals and firms open to a cybersecurity breach.



08.28.20

Canada has done 'amazing things' to fight crime through public-private partnerships, but still hampered by stringent privacy rules, lack of AML safe harbors

In recent years, Canada has done "amazing things" in the arena of stronger information sharing between regulators, banks and law enforcement to target some of the most insidious financial crimes of our times.



08.27.20

Czech Republic strengthens anti-money laundering measures, but shortcomings remain

In a follow up report on the Czech Republic, the Council of Europe's anti-money laundering body MONEYVAL concludes that the country has improved measures to combat money laundering and terrorist financing, but still needs to make progress in certain areas.



08.27.20

Florida neighbors charged with COVID relief fraud after falsely claiming to be farmers

Two neighbors are facing federal charges for allegedly filing fake loan applications seeking more than $1.1 million in forgivable Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) loans guaranteed by the Small Business Administration (SBA) under the CARES Act.



08.27.20

Paycheck Protection Program fraud cases are on the rise

A small yet growing number of business owners are facing criminal charges for allegedly swindling money from a coronavirus relief program.



08.27.20

77-year-old man says he lost nearly $150k in fraud, working to raise awareness

It starts with a broken computer nearly a year ago.



08.27.20

'Need strategic investments in redesigning anti-money laundering compliance in banking'

Deloitte survey highlights siloed risk management approaches across banking operations as the root cause for systemic inefficiencies leading to fraud



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