News and Blogs

Uphold Exec Accused of ‘Fraudulently Misdirecting’ $700K in Funds

Read here: https://www.coindesk.com/business/2021/05/21/uphold-exec-accused-of-fraudulently-misdirecting-700k-in-funds/

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Shipment To Uniqlo Seized By U.S. Amid Suspicions Of Forced Labor

Read here: https://brief.kharon.com/updates/shipment-to-uniqlo-seized-by-us-amid-suspicions-of-forced-labor/

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Death of Jesús Santrich Throws Wrench Into Conflict in Venezuela

Read here: https://insightcrime.org/news/death-of-jesus-santrich-throws-wrench-into-conflict-in-venezuela/

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Anti-Money-Laundering Whistleblower Program Struggles to Get Off Ground

Read here: https://www.wsj.com/articles/anti-money-laundering-whistleblower-program-struggles-to-get-off-ground-11621362937

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Swiss Trader Accused of Laundering Mafia Money With Diamonds

Read here: https://www.bloomberg.com/news/articles/2021-05-20/swiss-trader-accused-of-laundering-mafia-money-with-diamonds

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How to Actually Prosecute the Financial Crimes of the Very Rich

Read here: https://www.theatlantic.com/ideas/archive/2021/05/prosecute-tax-fraud-financial-crimes-garland/618914/

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Wizard Spider profile: Suspected gang behind HSE attack is part of world’s first cyber-cartel

Read here: https://www.irishtimes.com/news/crime-and-law/wizard-spider-profile-suspected-gang-behind-hse-attack-is-part-of-world-s-first-cyber-cartel-1.4568806

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Recycle Your Phone, Sure, But Maybe Not Your Number

Read here: https://krebsonsecurity.com/2021/05/recycle-your-phone-sure-but-maybe-not-your-number/

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Venmo cites sanctions laws over blocked payments mentioning Palestinian relief funds

Read here: https://www.finextra.com/newsarticle/38078/venmo-cites-sanctions-laws-over-blocked-payments-mentioning-palestinian-relief-funds

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QuadrigaCX: An Exit Scam or Just a Crypto Tragedy?

Listen here: https://www.coindesk.com/podcasts/opinionated/quadriga-exit-scam-or-crypto-tragedy

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UK: Controversial PPE Supplier Admitted Agent Intended to ‘Bribe Officials’ in China

Read here: https://bylinetimes.com/2021/05/18/controversial-ppe-supplier-admitted-agent-intended-to-bribe-officials-in-china/

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Massive drug seizures in twin operations across Africa and Middle East

Read here: https://www.interpol.int/News-and-Events/News/2021/Massive-drug-seizures-in-twin-operations-across-Africa-and-Middle-East

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Thirteen Indian banks move step closer to recouping £1bn from former F1 boss Vijay Mallya

Read here: https://www.thenationalnews.com/world/thirteen-indian-banks-move-step-closer-to-recouping-1bn-from-former-f1-boss-vijay-mallya-1.1225713

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Barclays first bank to publish online scam refund details

Read here: https://www.computerweekly.com/news/252501059/Barclays-first-bank-to-publish-scam-refund-details

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Gibraltar, Guernsey, Jersey and the Isle of Man: Countering the Financing of Terrorism Forum launches

Read here: https://guernseypress.com/news/business/2021/05/18/countering-the-financing-of-terrorism-forum-launches/

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Guatemala arrests outspoken opponent

Read here: https://apnews.com/article/guatemala-arrests-8c7d2f45f0bf63a8f3f66fa9e75047dc

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Can war crimes be committed against animals?

Read here: https://www.swissinfo.ch/eng/can-war-crimes-be-committed-against-animals–/46614318

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Prepaid Financial parent sheds 46% of value over investigation

Read here: https://www.irishtimes.com/business/technology/prepaid-financial-parent-sheds-46-of-value-over-investigation-1.4569156

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When Will Bitcoin’s Taproot Upgrade ‘Lock In’?

Read here: https://www.coindesk.com/when-will-bitcoin-taproot-upgrade-lock-in

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Malta: PN data hack – cyber criminals leak details of over 21,000 people

Read here: https://www.maltatoday.com.mt/news/national/109698/pn_data_hack_cyber_criminals_leak_details_of_over_21000_people  

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Spain moves to corruption rehabilitation for officials who can not stop stealing

Read here: https://nationworldnews.com/spain-moves-to-corruption-rehabilitation-for-officials-who-can-not-stop-stealing/

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Bitcoin falls further as China cracks down on crypto-currencies

Read here: https://www.bbc.co.uk/news/business-57169726

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Drugs kingpin jailed for leading role in ‘sophisticated’ cocaine ring run out of auction house

Read here: https://www.manchestereveningnews.co.uk/news/greater-manchester-news/drugs-kingpin-jailed-leading-role-20630922

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Cameroon: Clandestine money exchangers ordered to regularize their situation or face the wrath of the law

Read here: https://www.businessincameroon.com/finance/1905-11571-cameroon-clandestine-money-exchangers-ordered-to-regularize-their-situation-or-face-the-wrath-of-the-law

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Crown threatened to call in minister over watchdog’s money laundering push

Read here: https://www.theage.com.au/business/companies/crown-threatened-to-call-in-minister-over-watchdog-s-money-laundering-push-20210518-p57suy.html

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Met’s £47m ‘dirty cash’ swoop as Covid cripples gangs’ money-laundering

Read here: https://www.telegraph.co.uk/news/2021/05/19/mets-47m-dirty-cash-swoop-gangs-money-laundering-hit-covid/

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What links cybercrime, terrorism and illegal trade? Dark money

Read here: https://www.theguardian.com/commentisfree/2021/may/18/cyber-crime-terrorism-illegal-trade-dark-money-uk-fraud-queens-speech

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James Ibori: UK returns $5.8m stolen by ex-governor to Nigeria

Read here: https://www.bbc.co.uk/news/world-africa-57161645

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The Unlikely Resistance of a Lone Mining Gang in Venezuela

Read here: https://insightcrime.org/news/unlikely-resistance-single-mining-gang-venezuela/

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FCA sends thousands of staff on cyber and financial crime training courses

Read here: https://www.institutionalassetmanager.co.uk/2021/05/18/300418/fca-sends-thousands-staff-cyber-and-financial-crime-training-courses

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Africa and the corrosive international tax system

Read here: https://www.taxjustice.net/2021/05/18/africa-and-the-corrosive-international-tax-system/

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DarkSide Ransomware has Netted Over $90 million in Bitcoin

Read here: https://www.elliptic.co/blog/darkside-ransomware-has-netted-over-90-million-in-bitcoin

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Operation Venetic: Drug dealers planned to dress up like key workers to dodge lockdown restrictions

Read here: https://www.nationalcrimeagency.gov.uk/news/operation-venetic-drug-dealers-planned-to-dress-up-like-key-workers-to-dodge-lockdown-restrictions

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Bahrain probes $1.3bn Iranian money laundering network

Read here: https://www.arabnews.com/node/1860636/business-economy

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Ex-CEO says Jho Low’s ‘nefarious’ 1MDB plans involved Najib, the ‘most powerful person’ in Malaysia

Read here: https://www.malaymail.com/news/malaysia/2021/05/17/ex-ceo-says-jho-lows-nefarious-1mdb-plans-involved-najib-the-most-powerful/1974793

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Resisting Corruption Along Drug Trafficking Routes: An Analysis Of Criminal Justice Bodies In Latin America And West Africa

Read here: https://www.transparency.org/en/publications/resisting-corruption-along-drug-trafficking-routes-an-analysis-of-criminal-justice-bodies-in-latin-america-and-west-africa

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The rise in scams and the threat to a legitimate financial services industry – Speech by Mark Steward, Enforcement & Market Oversight at FCA

Read here: https://www.fca.org.uk/news/speeches/rise-scams-and-threat-legitimate-financial-services-industry

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Nigerian citizen charged with defrauding Washington State Employment Security Department of over $350,000

Read here: https://www.justice.gov/usao-wdwa/pr/nigerian-citizen-charged-defrauding-washington-state-employment-security-department

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Treasury Sanctions Governing Body, Officials, and Family Members Connected to Burma’s Military

Read here: https://home.treasury.gov/news/press-releases/jy0180

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