01.19.21

Joseph Herman ordered to forfeit $200K in Worcester restaurant money laundering case

A federal judge has ordered Joseph Herman to pay back $200,000, part of the amount he and other defendants laundered through a local restaurant as part of a drug money scheme, court records show.



01.19.21

NSW Crime Commission raises money laundering concerns

The New South Wales (NSW) Crime Commission has raised concerns about the state's poker machine profits, which it believes could be linked to money laundering.



01.19.21

US crypto regulations will return Bitcoin to its digital cash origins

Australian banks washed $500 million dollars for violent South American cocaine cartels in a sophisticated money-laundering scheme with the proceeds of crime moving through multiple countries before it was disrupted by Australian law enforcement.



01.19.21

Aussie banks laundered $500m for cocaine cartels

Australian banks washed $500 million dollars for violent South American cocaine cartels in a sophisticated money-laundering scheme with the proceeds of crime moving through multiple countries before it was disrupted by Australian law enforcement.



01.18.21

Bank of America sued over EDD unemployment debit card fraud

A class-action lawsuit accuses Bank of America of exposing unemployed California workers to large-scale fraud and cutting off access to jobless benefits during the pandemic.



01.18.21

Capital One Fined $390M For Violating Bank Secrecy Act

Capital One has received a $390 million penalty from the Financial Crimes Enforcement Network (FinCEN) for engaging in both "willful and negligent violations of the Bank Secrecy Act (BSA) and its implementing regulations."



01.18.21

Money laundering fears in NSW as poker machine profits surge in pandemic

The NSW Crime Commission fears the Australian economy could become a safe haven for ill-gotten money as international criminals, like legitimate businesses, are drawn by the nation's successful management of the COVID-19 crisis.



01.18.21

UP ATS busts money laundering racket; 9 arrested from UP, 5 from Delhi

Anti-Terrorist Squad (ATS) of UP Police has busted a money laundering racket and arrested 14 people including five from Delhi for their alleged involvement in dubious transactions.



01.18.21

Two Chinese nationals arrested by ED for money laundering

The Enforcement Directorate has arrested two Chinese nationals on money-laundering charge in connection with a 'hawala' network involving several shell companies. They are in the agency's custody.



01.15.21

Biden Can't Fight Corruption Without Help From Europe

More than $550 billion of dirty money is laundered each year in the United States and European Union, the world's two largest economies.



01.15.21

US Treasury Under New Mandate to Probe Chinese Money Laundering

The U.S. Treasury Department will investigate the risks posed by China's money laundering and develop a strategy to defend against them, according to language in the National Defense Authorization Act of 2021 requiring specific inquiry into what experts have long called a serious threat.



01.15.21

Legitimising corruption

During an interview, Prime Minister Imran Khan was asked about the lack of relevance of Rs220 million in the context of corruption, probably an attempt to build a case against the government's drive to root out the scourge from society and also punish those who had indulged in this crime in the past.



01.15.21

Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes

Bitcoin owners are getting rich because the cryptocurrency has soared. But what happens when you can't tap that wealth because you forgot the password to your digital wallet?



01.15.21

Financial fraud victims sue alleged Ponzi scheme manager

A married couple who were victims in an alleged fraud scheme by an East Wenatchee wealth advisor are suing over the mismanagement.



01.14.21

Australia admits $1.5 billion error in investigation into suspected Vatican money laundering

The Australian government's international financial watchdog, Austrac, has admitted that it made an enormous blunder when it reported to the country's Senate that 2.3 billion Australian dollars were transferred from the Vatican to Australia in the six years between 2014 and 2020. The actual figure was 9.5 million Australian dollars.



01.14.21

Owner of Crypto Exchange RG Coins Gets 10 Years in Prison for Laundering $5M

The 53-year-old Bulgarian national was convicted for laundering funds via cryptocurrency for a fake online auctions gang.



01.14.21

Dark-money GOP fund funneled millions of dollars to groups that pushed voter fraud claims

That group, the Donors Trust, is officially labeled as a nonprofit. The designation allows financiers to give to the organization anonymously. That money is then channeled to other dark-money groups.



01.14.21

Deutsche Bank reaches $130 million settlement over U.S. bribery, commodities

Deutsche Bank AG on Friday agreed to pay more than $130 million to resolve a Justice Department investigation into violations of the Foreign Corrupt Practices Act and a Securities and Exchange Commission probe into a commodities fraud scheme.



01.14.21

Woman Charged in For-Profit Visa Fraud and Alien Smuggling Scheme

A Nevada woman was arrested today for her alleged role in a multi-year scheme to commit visa fraud and money laundering, and to illegally bring Chinese nationals into the United States for financial gain.



01.13.21

SOCIAL MEDIA MONITORING AND COMPLIANCE FOR THE MODERN FINANCIAL INSTITUTION

In today's ever-evolving, increasingly interconnected world, social media has become arguably the primary means through which information is transferred and communicated both to and amongst the masses on a daily basis.



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