06.30.21

Biden Administration Issues Directive for Revitalized Strategies to Combat Corruption and Financial Crime, Signaling Increased Enforcement Effort

On June 3, 2021, President Biden issued the first National Security Study Memorandum of his presidency, in which he declared fighting corruption "a core United States national security interest."



06.30.21

Denver fund manager pleads guilty to financial crimes

Tyler Tysdal, an investment fund manager in Denver, has pleaded guilty in two separate financial crime cases.



06.30.21

EU needs to do more to curb money laundering, terror funding

The European Union (EU) has a fragmented approach to combat money laundering and terrorist financing, the European Court of Auditors (ECA) has warned.



06.30.21

Former FEMA Employee Pleads Guilty to Fraudulently Obtaining the Proceeds of Covid-19 Paycheck Protection Program Loan

Defendant Posed as SBA Employee to Induce a Victim Business Owner to Wire Him the Funds



06.30.21

Crypto-friendly travel site marks U.S. debut with dogecoin payment option

German travel booking site GetYourGuide marked its expansion into the U.S. market Tuesday with the announcement that it now accepts dogecoin for payment.



06.29.21

Brazil's Bolsonaro linked to alleged corruption in COVID vaccine buying

The senate probe into Bolsonaro's handling of the pandemic is investigating alleged irregularities in negotiations for the Covaxin shot from Bharat Biotech International Ltd



06.29.21

Calgary financial advisor charged with fraud after investors lose millions: RCMP

A Calgary-based financial advisor is facing charges in what RCMP are calling a multi-million dollar fraud and secret commission.



06.29.21

Binance: Watchdog clamps down on cryptocurrency exchange

The Financial Conduct Authority (FCA) has ruled that the firm cannot conduct any "regulated activity" in the UK.



06.29.21

Business Crime, Investigations, And Regulatory Enforcement

In our Quarterly Review, we bring you important UK developments relating to business crime, investigations, and regulatory enforcement from the last three months.



06.29.21

'Shortage of people': CBA defends labour hire to fight financial crime

The Commonwealth Bank's top risk officer says there is fierce competition for workers experienced in fighting financial crime, after it was revealed the country's largest bank relies on labour hire firms to fill permanent positions with temporary contractors.



06.28.21

CBA's contractor use sparks financial crimes compliance concerns

The Commonwealth Bank of Australia is using temporary contractors in its financial crime team, sparking fresh concerns that workers on insecure contracts have cut corners on critical compliance tasks.



06.28.21

Binance Pulls Out of Ontario Following Actions Against Other Crypto Exchanges

"Binance can no longer continue to service Ontario-based users," the exchange said Friday.



06.28.21

U.K Police Seize ?114M in Bitcoin Tied to Money Laundering

The U.K.'s Metropolitan Police announced today the force's biggest cryptocurrency confiscation to date and one of the largest in the world.



06.28.21

Taking the fight to financial crime with blockchain tech

Anti-money laundering (AML) initiatives have been around for several decades, rising to prominence with the establishment of the Financial Action Task Force (FATF) that aimed to create global standards to prevent and fight financial crime, at a time when both the world's economy, and the risks of financing criminal and terror activity, grew at the turn of the new century.



06.28.21

Bitcoin is speculation, not money, and facilitates financial crime, peak central bank warns

Bitcoin is not money - it is a speculative asset that can be used by organised crime to launder money and launch ransomware attacks, the world's top organisation of central banks says.



06.25.21

Japan's cryptocurrency market: Set to bloom or wither?

The popularisation of cryptocurrency and blockchain technology continues to grow worldwide.



06.25.21

The Fight Against Corruption in Central America Needs to Get Ugly

Honduras's president is accused of stealing money from government coffers and taking bribes from narco-traffickers.



06.25.21

Binance exchange helped track down Clop ransomware money launderers

Cryptocurrency exchange service Binance played an important part in the recent arrests of Clop ransomware group members, helping law enforcement in their effort to identify, and ultimately detain the suspects.



06.25.21

Milton man gets 2 years in jail for bank fraud, identity theft

A Milton man was sentenced to 2? years in prison for his role is a scheme to use false identification documents to steal money from bank accounts, federal prosecutors said.



06.25.21

CBA's contractor use sparks financial crimes compliance concerns

The Commonwealth Bank of Australia is using temporary contractors in its financial crime team, sparking fresh concerns that workers on insecure contracts have cut corners on critical compliance tasks.



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