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.



06.24.21

Judge threatens to toss DEA agent's plea in corruption case

A federal judge Wednesday threatened to throw out the guilty plea of a veteran U.S. narcotics agent who conspired with a Colombian cartel money launderer - an unexpected twist that could derail one of the most egregious misconduct cases in the history of the U.S. Drug Enforcement Administration.



06.24.21

Former Mexican governor sent to US prison for money laundering

A former Coahuila, Mexico, governor has been ordered to federal prison for his role in a money laundering scheme that includes offenses against a foreign nation involving bribery of a public official, announced Acting U.S. Attorney Jennifer B. Lowery.



06.24.21

Bitcoin is speculative, bad for the planet, and often used for crime, the Bank for International Settlements says

Crypto tokens such as bitcoin are speculative assets rather than currencies, are often used for crimes such as money laundering, and waste energy, the Bank for International Settlements has said.



06.24.21

Trial against banker who loaned $16 million to Paul Manafort underway; Anthony Scaramucci set to testify Thursday

A former Chicago bank executive is on trial in Manhattan for allegedly taking bribes from onetime Donald Trump campaign Chairman Paul Manafort, hoping to trade loans for a high-ranking position in the presidential administration.



06.24.21

Federal Grand Jury Indicts Husband and Wife in Alleged Mortgage Fraud Scheme

A man and his wife have been charged in federal court in Chicago with participating in a mortgage fraud scheme that defrauded financial institutions out of at least $2.5 million.



06.23.21

Former Deutsche Bank Trader Gets a Year in Prison for Fraud

James Vorley, along with other traders, had manipulated the prices in the commodities market.



06.23.21

UAE and UK authorities complete joint programme on tackling financial crime

UAE bodies including the economy, interior and justice ministries worked alongside Her Majesty's Revenue and Customs



06.23.21

Ukraine's Volodymyr Zelenskyy speeds up corruption crackdown, one oligarch at a time

The Ukrainian President Volodymyr Zelenskyy made headlines in Ukraine recently when he submitted a new bill to parliament that he claims will target oligarchs.



06.23.21

As crypto crash wipes out $1.3 trillion, here's what some pros advise about buying bitcoin, dogecoin, other assets

Highlighted by declines in everything from dogecoin DOGEUSD, 10.72% to Ether ETHUSD, 4.75%, crypto values are collapsing, if not crashing, wiping out more than $1 trillion in value since a peak for the digital-asset complex in May.



06.23.21

Financial fraud up by 150 per cent during the pandemic

The level of attempted fraud in financial services has soared as the pandemic has shifted many people to do their banking and investing online.



06.22.21

Why aren't women making more progress in finance?

Barriers to advancement for women working in financial and professional services in London are explored in a new qualitative study conducted by the London School of Economics, on behalf of Women in Banking and Finance (WIBF), a nonprofit organization.



06.22.21

Bitcoin sinks to two-week low as China intensifies crypto mining crackdown

Bitcoin sank to a two-week low Monday on reports that China has intensified its crackdown on cryptocurrency mining.



06.22.21

Two Architects Of Fraudulent Scheme Sentenced For Processing Over $150 Million Through U.S. Financial Institutions

Audrey Strauss, the United States Attorney for the Southern District of New York, announced that HAMID AKHAVAN, aka "Ray Akhavan," was sentenced on Friday to 30 months in prison, and codefendant RUBEN WEIGAND was sentenced to 15 months in prison, for participating in a scheme to deceive U.S. issuing banks and credit unions into effectuating more than $150 million of credit and debit card purchases of marijuana by disguising those transactions as purchases of other kinds of goods, such as face creams and dog products.



06.22.21

India Launches Effort to Track, Freeze Cyber Fraud Proceeds

The Indian government has set up the Citizen Financial Cyber Fraud Reporting and Management System to report, track - and ultimately freeze - the proceeds of cyberattack-induced financial theft.



06.22.21

McCrae Dowless pleads guilty to financial crimes related to 2018 election fraud scandal

McCrae Dowless pleaded guilty in federal court Monday to two crimes stemming from the investigation into the absentee ballot fraud scheme he's accused of running in Bladen County and other parts of southeastern North Carolina.



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