03.22.21

Giving criminals a cashflow crisis

The coronavirus pandemic has seen a surge in cyberfraud as the world has moved online, with the National Economic Crime Centre, under director general Graeme Biggar, fighting to stay one step ahead



03.22.21

BoE governor wants UK bill to make Google tackle online scams:

Bank of England Governor Andrew Bailey has been lobbying the British government to introduce a legal requirement for internet giants such as Google to take down financial fraud websites, according to a report in the Sunday Times.



03.22.21

The risky bitcoin buy that's in a bigger bull market than the cryptocurrency itself

Bitcoin mining stocks have generated returns far greater than the bitcoin cryptocurrency in the digital asset's recent bull market, according to an analysis from Fundstrat Global Advisors.



03.22.21

Ex-top aide to former Maltese PM charged with corruption

A former top government aide in Malta who was investigated by a journalist later killed by a car bomb has been arraigned in a Maltese court on charges of money-laundering, fraud and corruption.



03.22.21

NJ Exec Admits $91.5 Million Bank Fraud, Questions Remain

Now that an executive of a Glen Rock property management company has admitted his role in a $91.5 million loan fraud, questions remain about an "unnamed co-conspirator."



03.19.21

UK Anti-Money Laundering Legislation in a Post-Brexit Landscape

Following months of uncertainty, on Christmas Eve a Brexit agreement was finally reached between the United Kingdom ("UK") and the European Union ("EU").



03.19.21

Tech Executive Pleads Guilty to Wire Fraud and Money Laundering in Connection with PPP Loans

A Washington man pleaded guilty today to wire fraud and money laundering in connection with his scheme to obtain over $5.5 million in Paycheck Protection Program (PPP) loans and laundering the proceeds.



03.19.21

Chocron Enters Guilty Plea In Case That Tied Horsemen's Accounts To Money Laundering

Audrey Strauss, the United States Attorney for the Southern District of New York, announced that Jose Morley Chocron pled guilty today before U.S. District Judge Jed S. Rakoff to one count of money laundering.



03.19.21

U.S. Queries Bahamas Financial Crime Pursuit

The attorney general yesterday declared that The Bahamas had largely received "a fair assessment" even though the US questioned this nation's commitment to prosecuting financial crime.



03.19.21

Victim Of Bank Fraud & Lost Your Money? Banks Will Not Compensate As Per Gujarat Consumer Court

According to a consumer court in Gujarat, whether you have been a victim of bank fraud or someone has scammed money out of your bank account, the bank is not liable to compensate you for your loss.



03.18.21

United Nations Targets Corruption and Illicit Cross-Border Finance

U.N. Report Focus on Improving Accountability, Transparency and Good Governance



03.18.21

Elon Musk is selling his tweet as an NFT and the highest bid is over $1.1 million

Billionaire Elon Musk appears to be selling a recent tweet of his as an NFT, or non-fungible token.



03.18.21

Putting Speed Bumps In The Path Of Real-Time Payments Fraud

No one ever said that developing real-time payments would be easy. While more businesses are realizing the need for the velocity and data that comes with real-time payments, they're also realizing that it's challenging to safeguard such systems.



03.18.21

European Fiat 500 customers can score some crypto by driving efficiently

Let's face it; if you're not already invested in cryptocurrency, you've likely already missed the boat. Unless you're European and buy a brand new Fiat 500, that is.



03.18.21

Former Chief Investment Officer Admits Bank Fraud Relating To $91.5 Million Commercial Loan

A former chief investment officer of a medical property management company pled guilty today to a bank fraud conspiracy involving a $91.5 million commercial mortgage loan, Acting U.S. Attorney Rachael A. Honig announced.



03.17.21

Accountants are on the frontline in the war on economic crime

Why do we need to talk about global perspectives on economic crime right now? IFAC, the global organisation for the accountancy profession, explains.



03.17.21

Tech executive pleads guilty to wire fraud, money laundering

A Washington state tech executive has pleaded guilty to wire fraud and money laundering after trying to obtain $5.5 million in Paycheck Protection Program loans and laundering some of the proceeds, federal prosecutors said.



03.17.21

NatWest facing criminal charges in landmark U.K. money laundering case

The U.K. Financial Conduct Authority (FCA) announced Tuesday it has brought landmark criminal proceedings against a subsidiary of NatWest Group (formerly the Royal Bank of Scotland Group) concerning alleged money laundering violations.



03.17.21

Free Keene leaders arrested for money laundering in FBI raids; illegal Bitcoin exchange alleged

Six people involved with the libertarian Free Keene group are facing charges - including wire fraud and money laundering -related to an unlicensed cryptocurrency exchange that federal prosecutors said processed some $10 million since 2016.



03.17.21

Utah Attorney Charged with Conspiring to Launder Money Gained from Fraud Scheme

Attorney Matthew Kober, 45, of Draper, Utah, was charged via criminal information on Monday with one count of conspiring to launder money obtained via wire fraud in federal court.



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