02.04.21

After seven years, Brazil shuts down Car Wash anti-corruption squad

Brazil's Car Wash anti-corruption unit has officially shut down, the end of an era for a team of prosecutors that helped send dozens of Latin American political and business leaders to jail, including several former presidents.



02.04.21

UAE threatens anti-money laundering crackdown as 11 banks fined

The UAE's central bank has fined 11 banks a combined total of US$12.5mn for anti-money laundering (AML) failings, following warnings that the Middle Eastern state was looking to shed its reputation as a financial crime hotspot.



02.04.21

How EDD and Bank of America make millions on California unemployment

She didn't know it at the time, but last September was when everything started to unravel for Julie Hansen.



02.04.21

A year into Covid-19, financial crime continues its surge

As the first full-year financial reporting season since Covid-19 comes around, Alvarez & Marsal expects fraud, regulatory breaches, disputes and data violations to be key issues for businesses across Asia.



02.04.21

How financial crime has adapted to COVID

PwC's Global Economic Crime Survey found that economic crime reached its highest level in the past 24 months, with 56% of UK businesses surveyed stating that they were impacted by fraud, corruption or other economic crime.





02.03.21

How does the GameStop stock rally relate to the Ray Nagin corruption scandal? It's complicated

You'd be forgiven for thinking the corruption scandal that brought down Mayor Ray Nagin almost seven years ago couldn't have anything to do with the startling GameStop stock run that has had Wall Street in a tizzy for the last couple of weeks.



02.03.21

Real Estate Developer Among Four Individuals Charged in Mortgage Fraud Scheme

A federal grand jury has indicted a real estate developer and three others for allegedly participating in a mortgage fraud scheme that defrauded financial institutions out of at least $3 million.



02.03.21

German lawmakers turn sights on finance ministers in Wirecard fraud fiasco

Fresh from toppling the head of Germany's top financial regulator last week, lawmakers are turning their fire on finance minister Olaf Scholz and his deputy Joerg Kukies.



02.02.21

New Law to Curb Money Laundering Has Real Estate Concerned

Some worry the well-intentioned rules aimed at LLCs will stymie even legitimate deals



02.02.21

US Man Pleads Guilty to Money Laundering Charges Involving $13M in Bitcoin

During a 28-month period, Hugo Mejia illegally exchanged millions of dollars-worth of bitcoin while attempting to hide his activity.



02.02.21

U.S.-Based Promoter of Foreign Cryptocurrency Companies Charged in over $11 Million Securities Fraud Scheme

A California man was charged in a complaint unsealed today for his alleged participation in a coordinated cryptocurrency and securities fraud scheme that used purported digital currency platforms and foreign-based financial accounts.



02.02.21

Corruption complaints in Hong Kong plunge to 40-year low in 2020 amid coronavirus pandemic

ICAC officials say the drop could be attributed to a lack of economic activities during pandemic or new ways to commit crimes and avoid detection



02.02.21

Don't be gullible and believe in corruption allegations vs gov't -Duterte

President Rodrigo Duterte on Monday called on the public not to readily believe allegations of corruption in the government, especially now that it is in the process of procuring vaccines against Covid-19.



02.01.21

Russian anti-corruption group founded by Navalny calls for Biden to sanction Putin allies in letter

Alexei Navalny's Anti-Corruption foundation emailed a letter to several top U.S. officials calling for sanctions against Russian oligarchs and government officials.



02.01.21

Nguyen Phu Trong, Vietnam's anti-corruption czar, crowned party chief again

Nguyen Phu Trong, re-elected as Vietnam's most powerful man on Sunday, is one of the Southeast Asian country's strongest and longest-serving leaders since founding revolutionary Ho Chi Minh.



02.01.21

Philippines' Duterte tightens anti-money laundering rules to avoid `grey list'

Philippine President Rodrigo Duterte signed a law on Friday to strengthen anti-money laundering and terrorist financing regulations ahead of a Feb. 1 deadline set by a global financial watchdog.



02.01.21

Banks Brace for Tougher Rules Under Biden on Consumer Protection, Fair Lending

Obama-era focus on financial stability gives way to concerns about racial equity, climate change



02.01.21

Beijing bank regulator orders crackdown on illegal property loans

Capital's branch of China Banking and Insurance Regulatory Commission warns lenders they will be held accountable for illegal inflows of cash into real estate



01.29.21

A momentous victory for global anti-corruption efforts

Today's release of Transparency International's annual Corruption Perceptions Index brought disturbing, though unsurprising, news.



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