News and Blogs

Fed Admonishes Deutsche Bank for Ongoing Compliance Failures

Read here: https://news.yahoo.com/fed-admonishes-deutsche-bank-ongoing-211144444.html

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Grapes of Wrath – Why Argentina and Brazil are Awash in Smuggled Wine

Read here: https://insightcrime.org/news/grapes-wrath-brazil-argentina-awash-smuggled-wine/

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Australian Tax Office Warns Investors to Report Crypto Gains and Losses

Read here: https://www.coindesk.com/australia-tax-office-crypto-hide-seek

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Credit Suisse scandals prompt Switzerland to think unthinkable: punish bankers

Read here: https://www.reuters.com/business/finance/credit-suisse-scandals-prompt-switzerland-think-unthinkable-punish-bankers-2021-05-28/

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Yorba Linda Man [nicknamed ‘Superman29’] Sentenced to 2 Years in Prison for Operating Illegal ATM Network that Laundered Bitcoin and Cash for Criminals

Read here: https://www.justice.gov/usao-cdca/pr/yorba-linda-man-sentenced-2-years-prison-operating-illegal-atm-network-laundered

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Mexico’s Unreachable Elites Targeted by Rare Corruption Investigation

Read here: https://insightcrime.org/news/mexico-unreachable-elites-targeted-rare-corruption-investigation/

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India’s HDFC Bank Calls Bitcoin a Fad as Exchanges Mull Legal Fight Over Restrictions

Read here: https://www.coindesk.com/india-hdfc-crypto-fad

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EU ready to claw back stolen funds

Read here: https://knews.kathimerini.com.cy/en/news/eu-ready-to-claw-back-stolen-funds

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Two Panama Ex-Presidents Accused in the Odebrecht Corruption Scandal

Read here: https://www.occrp.org/en/daily/14510-two-panama-ex-presidents-accused-in-the-odebrecht-corruption-scandal

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Malta: improvement in fighting money laundering and terrorist financing

Read here: https://www.coe.int/en/web/moneyval/-/malta-improvement-in-fighting-money-laundering-and-terrorist-financing

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Personal trainer jailed for sale of steroids and unlicensed medicines online

Read here: https://www.gov.uk/government/news/pt-jailed-for-sale-of-steroids-and-unlicensed-medicines-online

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UN High Commissioner for Human Rights: Press briefing notes on Nicaragua

Read here: https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27124&LangID=E

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Dirty Money Flows Continuing Over New Channels, Latvia Says

Read here: https://www.bloomberg.com/news/articles/2021-05-27/dirty-money-flows-continuing-over-new-channels-latvia-says

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How International Narcos Rebuild Their Lives in Brazil

Read here: https://insightcrime.org/news/international-narcos-rebuild-lives-brazil/

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SEC Sues 5 Over $2B Bitconnect Ponzi

Read here: https://www.coindesk.com/sec-sues-5-over-2b-bitconnect-ponzi

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Mexico Arrests Leader of Gang that Stole a Billion by Manipulating ATMs

Read here: https://www.occrp.org/en/daily/14507-mexico-arrests-leader-of-gang-that-stole-a-billion-by-manipulating-atms

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Poison Data: or Cure? Poison or Cure? How data intelligence is the cure for complex compliance

Read here: https://www.cube.global/wp-content/uploads/2021/05/Data-Poison-or-Cure.pdf

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The Macao Money Machine: Profit Shifting and Tax Leakage in Indonesia’s Pulp Exports

Read here: https://gfintegrity.org/report/the-macao-money-machine-profit-shifting-and-tax-leakage-in-indonesias-pulp-exports/

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Chepe Diablo, Long Accused Cartel Leader, Let Off the Hook in El Salvador

Read here: https://insightcrime.org/news/chepe-diablo-long-accused-cartel-leader-let-off-the-hook-el-salvador/

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Latvian State Police confiscates property worth about EUR 230,000 in so-called Magnitsky case

Read here: https://bnn-news.com/latvian-state-police-confiscates-property-worth-about-eur-230-000-in-so-called-magnitsky-case-225274

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Meet The Murky Russian Network Behind An Anti-Pfizer Disinformation Drive In Europe

Read here: https://www.rferl.org/a/russia-pfizer-covid-disinformation-serebryanskaya-murky-vaccine-influencers/31277170.html

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What Covid-19 Taught Us About Fraud and Money Laundering

Read here: https://www.acfcs.org/what-covid-19-taught-us-about-fraud-and-money-laundering/

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Three deny charges in modern slavery case

Read here: https://www.bbc.co.uk/news/uk-england-stoke-staffordshire-57282811

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Japan could resume Iran oil imports 3 months after sanctions lifting: PAJ chief

Read here: https://www.spglobal.com/platts/en/market-insights/latest-news/oil/052721-japan-could-resume-iran-oil-imports-3-months-after-sanctions-lifting-paj-chief

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Secret Credit Suisse Stash, Bahamas in Case Targeting Enablers

Read here: https://www.bloomberg.com/news/articles/2021-05-27/secret-credit-suisse-stash-bahamas-in-case-targeting-enablers

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The rise of crypto laundries: how criminals cash out of bitcoin

Read here: https://www.ft.com/content/4169ea4b-d6d7-4a2e-bc91-480550c2f539

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Bank Julius Baer Agrees to Pay More than $79 Million for Laundering Money in FIFA Scandal

Read here: https://www.justice.gov/opa/pr/bank-julius-baer-agrees-pay-more-79-million-laundering-money-fifa-scandal

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The children selling explicit videos on OnlyFans

Read here: https://www.bbc.co.uk/news/uk-57255983

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Paying for a World Class Affiliation: Reputation Laundering In The University Sector Of Open Societies

Read here: https://www.ned.org/reputation-laundering-in-the-university-sector-of-open-societies-working-paper/

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Sanctions Compliance in Cryptocurrencies

Read here: https://www.elliptic.co/resources/elliptic-guide-to-sanctions-compliance-in-cryptocurrencies

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Artists will not be subject to anti-money laundering regulations, UK Treasury says

Read here: https://www.theartnewspaper.com/news/artists-will-not-be-subject-to-anti-money-laundering-regulations-uk-treasury-says

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404 Beneficial Owner Not Found: Are EU Public Registers In Place & Really Public?

Read here: https://www.transparency.org/en/news/eu-beneficial-ownership-registers-public-access-data-availability-progress-2021

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EBA consults on new Guidelines on cooperation and information exchange in the area of anti-money laundering and countering the financing of terrorism

Read here: https://www.eba.europa.eu/eba-consults-new-guidelines-cooperation-and-information-exchange-area-anti-money-laundering-and

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Convergence of wildlife crime with other forms of organised crime

Read here: https://wildlifejustice.org/wp-content/uploads/2021/05/Crime-Convergence-Report-2021.pdf

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A death in Cryptoland

Read here: https://newsinteractives.cbc.ca/longform/bitcoin-gerald-cotten-quadriga-cx-death

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€45 Million Worth Of Heroin Concealed In Marble Shipment Seized In Romania

Read here: https://www.europol.europa.eu/newsroom/news/€45-million-worth-of-heroin-concealed-in-marble-shipment-seized-in-romania

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Iranian Bitumen Paves Chinese Development In Africa

Read here: https://brief.kharon.com/updates/iranian-bitumen-paves-chinese-development-in-africa

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Asia: USD 83 million intercepted in INTERPOL operation against online financial crime

Read here: https://www.interpol.int/News-and-Events/News/2021/Asia-USD-83-million-intercepted-in-INTERPOL-operation-against-online-financial-crime

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‘Thoroughly dishonest’ company director who laundered £192,000 avoids jail

Read here: https://www.walesonline.co.uk/news/wales-news/thoroughly-dishonest-company-director-who-20702365

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Brazil aerial photos show miners’ devastation of indigenous people’s land

Read here: https://www.theguardian.com/global-development/2021/may/27/brazil-aerial-photos-reveal-devastation-by-goldminers-on-indigenous-land

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