04.13.21

The war against money-laundering is being lost

The global system for financial crime is hugely expensive and largely ineffective



04.13.21

A made-in-Miami money laundering saga develops even deeper Ukraine roots

Take a couple of Ukrainian oligarchs sanctioned for alleged money laundering. Add a mix of Florida-based businessmen who employed the husband of a prominent Democratic politician. Throw in some political connections tracing back to Rudy Giuliani, former Ukrainian presidents and even the Kremlin.



04.13.21

Latvian extradited to Pittsburgh to face money-laundering count

A Latvian national extradited to Pittsburgh last week to face money-laundering charges appeared briefly in federal court on Monday by video and will have a detention hearing on Friday.



04.13.21

Former Nike Marketing Manager Pleads Guilty to Wire Fraud, Money Laundering, and Making False Statements

Errol Andam, 49, of Beaverton, Oregon, a former marketing manager at Nike, Inc., pleaded guilty today to wire fraud, money laundering, and making false statements on a loan application as part of a scheme to defraud his former employer, announced Acting U.S. Attorney Scott Erik Asphaug.



04.13.21

How Cybercriminals Stole $1.8 Billion from Unsuspecting Older Americans in 2020

FBI blames last year's scam surge on technology dependence during pandemic



04.12.21

SEC's Hester Peirce Says Cryptocurrency Market Has Matured

Hester Peirce, a commissioner for the United States Securities and Exchange Commission (SEC) said in an interview that Bitcoin, and the wider cryptocurrency market, are maturing.



04.12.21

Sioux Falls Man Charged with Multiple Fraud Counts regarding Pandemic Relief Programs

Acting United States Attorney Dennis Holmes announced that a Sioux Falls, South Dakota, man has been indicted by a federal grand jury for Bank Fraud, Attempted Bank Fraud, False Statement to a Financial Institution; Engaging in Monetary Transactions in Property Derived from Specified Unlawful Activity, and False Statement.



04.12.21

Anti-Money Laundering Delegation Urges Collaboration

A visiting delegation of the Inter-Government Action Group against Money Laundering in West Africa (GIABA) has congratulated the CBL for its continuous support to GIABA over the years and its commitment to AML/CFT (Anti-money Laundering/Combating the Financing of Terrorism) in Liberia and also spoke of the need for collaboration between CBL and Financial Intelligence Unit of Liberia (FIUL) for the mutual benefit of the two institutions.



04.12.21

106 years jail and confiscation of SR465 million for money laundering gang

The Public Prosecution announced that five citizens obtained seven commercial registers to import foodstuffs, opened bank accounts and handed them over to 16 residents of Arab nationality, with the aim of using the accounts to deposit illegal amounts of money from the source and transfer them abroad in return for a monthly amount for the citizens.



04.12.21

Last of 8 sentenced in $44 milion Central Ohio drug, money laundering scheme

The Department of Justice closed the book on a years-long prosecution of a $44 million money laundering case Friday in which Columbus cell phone stores were operated as fronts to send drug money to Mexico.



04.09.21

Ten years of Anna Andolan: Who benefited from the anti-corruption movement?

Smelling jasmine at India's Tahrir Square-Jantar Mantar. I am going there. Are you?" This was one of the many social media posts that called upon people to join the agitation launched at Delhi's protest hotspot a decade ago, to demand the enactment of the Jan Lokpal Bill.



04.09.21

Fiat, not Crypto and Bitcoin, Predominantly Used in Money Laundering

Crypto, including Bitcoin and Monero, have had some bad rap over the years for their alleged use as vehicles proliferating illegal activities like money laundering- A Big Fat Lie.



04.09.21

Bank Employee Arrested For Defrauding Her Employer Of $1.7 Million

Audrey Strauss, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation ("FBI"), announced today the unsealing of a criminal complaint charging GANGADAI RAMPERSAUD AZIM, a/k/a "Julie Azim," with wire fraud, bank fraud, bank theft, money laundering, and conspiracy, for her role in a scheme to defraud her employer, a Manhattan-based bank, of approximately $1.7 million.



04.09.21

Former Nike Manager Agrees to Plea Deal in $1.4M Fraud Case

A former Nike marketing manager entered into a plea deal last week, almost two months after federal prosecutors filed criminal charges alleging he embezzled nearly $1.5 million.



04.09.21

Taiwan charges Hong Kong execs with money laundering, is probing spying claims

Couple held since late 2019, who are executives of Hong Kong-listed company, are accused of laundering US$26 million



04.08.21

A made-in-Miami money-laundering saga develops even deeper Ukraine roots

Take a couple of Ukrainian oligarchs sanctioned for alleged money laundering. Add a mix of Florida-based businessmen who employed the husband of a prominent Democratic politician. Throw in some political connections tracing back to Rudy Giuliani, former Ukrainian presidents and even the Kremlin.



04.08.21

Corruption claims spark new concerns about aid to South Sudan

South Sudan is not alone when it comes to COVID-19 corruption allegations.



04.08.21

Excitement over the 'Coinbase effect' is spilling over ahead of its stock market debut

There's an enduring concept in the world of cryptocurrency investing called "the Coinbase effect."



04.08.21

Former B.C. cabinet ministers to testify at money laundering inquiry

A commission of inquiry into money laundering in British Columbia is adding former and current cabinet ministers to its witness list.



04.08.21

Financial Crimes Compliance for Cryptocurrency: Why Can't We All Agree?

Regulators are not on the same page when it comes to applying the "Travel Rule" to digital assets. That's stifling growth in the crypto industry and opening the door to bad actors.



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