News and Blogs

NatWest to allow personalised bank transfer caps to beat scammers

Read here: https://www.which.co.uk/news/2021/05/natwest-to-allow-personalised-bank-transfer-caps-to-beat-scammers/

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New External Requests Orders internationalise Account Freezing Orders

Read here: https://www.stewartslaw.com/news/new-external-requests-orders-internationalise-account-freezing-orders/

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Cyber Insurance: Insurers and Policyholders Face Challenges in an Evolving Market

Read here: https://www.gao.gov/assets/gao-21-477.pdf

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Mexican president draws US into dispute over governor facing money laundering and organized crime charges

Read here: https://www.independent.co.uk/news/world/americas/mexico-president-us-governor-cabeza-de-vaca-b1851681.html

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The country town shopfront behind Chinese labour king’s empire

Read here: https://www.smh.com.au/business/workplace/the-country-town-shopfront-behind-chinese-labour-king-s-empire-20210521-p57tz7.html

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Jamaica Struggling With Constant Theft of Street Lights

Read here: https://insightcrime.org/news/jamaica-struggling-with-constant-theft-of-street-lights/

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Fraudsters convicted over fake college scam

Read here: https://www.bbc.co.uk/news/uk-england-bristol-57192591

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EU parliament ‘freezes’ China trade deal over sanctions

Read here: https://www.theguardian.com/world/2021/may/20/eu-parliament-freezes-china-trade-deal-over-sanctions

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Airline Passenger Charged With Cocaine Possession After Flight Diverted to MSP

Read here: https://www.justice.gov/usao-mn/pr/airline-passenger-charged-cocaine-possession-after-flight-diverted-msp

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Myanmar junta looks to line its pockets and fund the coup with massive auction of illegal timber

Read here: https://eia-international.org/news/myanmar-junta-looks-to-line-its-pockets-and-fund-the-coup-with-massive-auction-of-illegal-timber/

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European plan to unify corporate tax rules and recoup billions faces steep hurdles ahead

Read here: https://www.icij.org/inside-icij/2021/05/european-plan-to-unify-corporate-tax-rules-and-recoup-billions-faces-steep-hurdles-ahead/

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Brazil’s Environment Minister Targeted in Illegal Wood Smuggling Probe

Read here: https://www.occrp.org/en/daily/14450-brazil-s-environment-minister-targeted-in-illegal-wood-smuggling-probe

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Operation Venetic: Police worker among three charged

Read here: https://www.nationalcrimeagency.gov.uk/news/operation-venetic-police-worker-among-three-charged

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Nigeria to release oil tanker sailing under Swiss flag

Read here: https://www.swissinfo.ch/eng/nigeria-to-release-oil-tanker-flying-under-swiss-flag/46635906

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Dedicated Hitmen – The New Modus Operandi in Ecuador

Read here: https://insightcrime.org/news/brazen-assassinations-ecuador-violent-crime/

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Money Laundering Feeds Dangerous Housing Market Bubble in Albania

Read here: https://exit.al/en/2021/05/20/money-laundering-feeds-dangerous-housing-market-bubble-in-albania/

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Bid to tackle money laundering risks stymied by senior Crown manager, royal commission hears

Read here: https://www.abc.net.au/news/2021-05-20/crown-casino-to-stop-dealing-with-junket-operators/100152442

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BNP Paribas charged in France for laundering assets linked to Gabon

Read here: https://www.rfi.fr/en/france/20210521-bnp-paribas-charged-in-france-for-laundering-assets-linked-to-gabon-omar-bongo-atelier-74

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Alleged Drug Cartel Leader Charged

Read here: https://www.justice.gov/usao-sdca/pr/alleged-drug-cartel-leader-charged

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Drug dealers’ cocaine conspiracy dashed by cam footage

Read here: https://www.nationalcrimeagency.gov.uk/news/drug-dealers-cocaine-conspiracy-dashed-by-cam-footage

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Russian Citizen Sentenced to 60 Months’ Imprisonment for Cyber Tax Fraud Scheme

Read here: https://www.justice.gov/usao-edny/pr/russian-citizen-sentenced-60-months-imprisonment-cyber-tax-fraud-scheme

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Archegos Fiasco Spurs Regulators to Demand Banks’ Answers Soon

Read here: https://www.swissinfo.ch/eng/archegos-fiasco-spurs-regulators-to-demand-banks–answers-soon/46639422

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Iranian intelligence officers target illegal cryptocurrency miners

Read here: https://cointelegraph.com/news/iranian-intelligence-officers-target-illegal-cryptocurrency-miners

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US sanctions former Albania leader Berisha over corruption

Read here: https://apnews.com/article/sali-berisha-europe-albania-business-government-and-politics-b0323b88c823ce9e38468dd59a4a91f7

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Second Italian cop says France and Germany also have mafia problem

Read here: https://www.fr24news.com/a/2021/05/second-italian-cop-says-france-and-germany-also-have-mafia-problem-fr.html

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Deep-rooted interests: Licensing illicit logging in Guinea Bissau

Read here: https://globalinitiative.net/analysis/illicit-logging-guinea-bissau/

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MPs braced for battle with global accounting firm over naming wealthy Canadians behind offshore tax shelters

Read here: https://www.cbc.ca/news/politics/kpmg-isle-of-man-tax-dodge-shelter-1.6031057

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Forsaken Heritage: How Mismanagement and Secrecy Led to the Destruction of Kyrgyz Historical Treasures

Read here: https://www.occrp.org/en/37-ccblog/ccblog/14431-forsaken-heritage-how-mismanagement-and-secrecy-led-to-the-destruction-of-kyrgyz-historical-treasures

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Balkan money-laundering is booming: The property market makes a good place to hide ill-gotten gains

Read here: https://www.economist.com/europe/2021/05/22/balkan-money-laundering-is-booming

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It’s Time to Surge Resources Into Prosecuting Ransomware Gangs

Read here: https://www.lawfareblog.com/its-time-surge-resources-prosecuting-ransomware-gangs

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‘It’s my money, not theirs’: Account closures exposed at Pockit, Revolut, Monese and Monzo

Read here: https://inews.co.uk/inews-lifestyle/money/saving-and-banking/customers-pockit-revolut-monese-complain-unexpected-account-closures-1008448

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‘A united nations of crime’: how Marbella became a magnet for gangsters

Read here: https://www.theguardian.com/news/2021/may/20/a-united-nations-of-how-marbella-became-a-magnet-for-gangsters

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The child victims of the UK’s EncroChat house raids

Read here: https://www.aljazeera.com/features/2021/5/20/the-child-victims-of-the-uks-encrochat-house-raids

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Islamic State Facilitators In Syria, Turkey Sanctioned By U.S.

Read here: https://brief.kharon.com/updates/islamic-state-facilitators-in-syria-turkey-sanctioned-by-us/

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The Unexpected Route

Read here: https://shoc.rusi.org/informer/unexpected-route

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New Zealand central bank has failed on AML/CFT supervision, says FATF

Read here: https://insight.thomsonreuters.com.au/business/posts/new-zealand-central-bank-has-failed-on-aml-cft-supervision-says-fatf

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Consumer protection: online scams

Read here: https://commonslibrary.parliament.uk/research-briefings/cbp-9214/

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Hit Against Euro Counterfeiters Linked To The Camorra

Read here: https://www.europol.europa.eu/newsroom/news/hit-against-euro-counterfeiters-linked-to-camorra

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Governor of Lebanon’s Central Bank Accused of Financial Crimes Linked to Dozens of Companies

Read here: https://sayari.com/blog/governor-of-lebanons-central-bank-accused-of-financial-crimes-linked-to-dozens-of-companies/

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Former French president Sarkozy goes back on trial for illegal campaign funding

Read here: https://www.channelnewsasia.com/news/world/france-nicolas-sarkozy-on-trial-illegal-campaign-funding-14846046

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