News and Blogs

Cash payments of €10,000 for gold, cars, boats and property no longer possible

Read here: https://www.maltatoday.com.mt/news/national/109416/cash_payments_of_10000_for_gold_cars_boats_and_property_no_longer_possible

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Court Authorizes Service of John Doe Summons Seeking Identities of U.S. Taxpayers Who Have Used Cryptocurrency

Read here: https://www.justice.gov/opa/pr/court-authorizes-service-john-doe-summons-seeking-identities-us-taxpayers-who-have-used-1

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New Action At EU Level Against ‘Ndrangheta In Italy And Germany

Read here: https://www.europol.europa.eu/newsroom/news/new-action-eu-level-against-‘ndrangheta-in-italy-and-germany

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The posh London address 4,000 firms call home: But it’s not their real office, they pay £24 a month for a forwarding service – and it’s a scammers paradise

Read here: https://www.thisismoney.co.uk/money/beatthescammers/article-9541973/Posh-address-4-000-firms-call-home-Scammers-turn-virtual-offices.html

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Big increase in money laundering prosecutions as authorities tackle ‘money mules’ and ‘herders’

Read here: https://www.independent.ie/irish-news/crime/big-increase-in-money-laundering-prosecutions-as-authorities-tackle-money-mules-and-herders-40385934.html

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‘I got fired’: Westpac ex-CEO wants to help you be ‘better’ after $1.3b blunder

Read here: https://www.abc.net.au/news/2021-05-05/scapegoat-obsession-unhealthy-says-sacked-westpac-ceo/100114602

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Malta: Investment firms hit with €1.3m in penalties for failing anti-money laundering checks

Read here: https://www.maltatoday.com.mt/news/national/109415/investment_firms_hit_with_13m_in_penalties_for_failing_antimoney_laundering_checks#.YJMn4y1Q2t8

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When the Mafia serves coffee in the courthouse

Read here: https://indianexpress.com/article/world/when-the-mafia-serves-coffee-in-the-courthouse-7301357/

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Canada Says Hizbullah, Iran Involved in Money Laundering

Read here: http://www.naharnet.com/stories/en/281305-canada-says-hizbullah-iran-involved-in-money-laundering

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Amazon had sales income of €44bn in Europe in 2020 but paid no corporation tax

Read here: https://www.theguardian.com/technology/2021/may/04/amazon-sales-income-europe-corporation-tax-luxembourg

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DFSA Authorised Firm impersonated in scam

Read here: https://www.dfsa.ae/alerts/dfsa-authorised-firm-impersonated-scam

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U.K. Fraud Investigators Drop Probe of Individuals in Airbus Bribery Case

Read here: https://www.bloomberg.com/news/articles/2021-05-04/u-k-s-sfo-drops-probe-of-individuals-in-airbus-bribery-case

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‘Indirect bribes’ went to family members of officials in City Hall corruption case, feds say

Read here: https://www.latimes.com/california/story/2021-05-02/ray-chan-city-hall-corruption-indirect-bribe-allegations

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Honeywell Fined Millions Over Exporting Sensitive Info On F-22, F-35, And More To China

Read here: https://www.thedrive.com/the-war-zone/40436/honeywell-fined-millions-over-exporting-sensitive-info-on-f-22-f-35-and-more-to-china

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Asia’s multibillion dollar methamphetamine cartels are using creative chemistry to outfox police, experts say

Read here: https://edition.cnn.com/2021/05/03/asia/golden-triangle-precursors-intl-hnk-dst/index.html

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Uncovering The Hidden Costs Of The Petrodollar

Read here: https://bitcoinmagazine.com/.amp/culture/the-hidden-costs-of-the-petrodollar

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Make It Count: Understanding the current and emerging trends in measuring the effectiveness of corporate approaches to anti-corruption

Read here: https://www.transparency.org.uk/make-it-count-anti-bribery-corruption-measuring-effectiveness-guidance-companies

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U.S.-Mexico Efforts Targeting Drug Cartels Have Unraveled, Top DEA Official Says

Read here: https://www.npr.org/2021/05/03/993059731/u-s-mexico-efforts-targeting-drug-cartels-have-unraveled-top-dea-official-tells-?t=1620173309934

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NGOs call on Secretary Blinken to Assist Haitian Government in Fighting Corruption

Read here: https://gfintegrity.org/press-release/ngos-call-on-secretary-blinken-to-assist-haitian-government-in-fighting-corruption/

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Australian senate committee calls for national blockchain land registry

Read here: https://cointelegraph.com/news/australian-senate-committee-calls-for-national-blockchain-land-registry

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Link Between Canadian Auto Sales, Money Laundering Probed

Read here: https://www.wardsauto.com/dealers/link-between-canadian-auto-sales-money-laundering-probed

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Massachusetts Woman Pleads Guilty to Tax and Drug Charges Arising from Multimillion-Dollar Marijuana Enterprise

Read here: https://www.justice.gov/opa/pr/massachusetts-woman-pleads-guilty-tax-and-drug-charges-arising-multimillion-dollar-marijuana

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Review of the 64th Commission on Narcotic Drugs

Read here: https://globalinitiative.net/analysis/64-cnd-review/

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Hot under the collar: Energean and the Eastman gas pipeline

Read here: https://www.globalwitness.org/en/campaigns/fossil-gas/hot-collar-eastmed/

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Swiss cash truck heist suspects arrested in France

Read here: https://www.swissinfo.ch/eng/swiss-cash-truck-heist-suspects-arrested-in-france/46589216

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Ireland: Level of money-laundering doubles as criminal activity shifts online

Read here: https://www.irishtimes.com/news/crime-and-law/level-of-money-laundering-doubles-as-criminal-activity-shifts-online-1.4554509

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UK: Government makes progress on Economic Crime Plan to tackle fraud and economic crime

Read here: https://www.gov.uk/government/news/government-makes-progress-on-economic-crime-plan-to-tackle-fraud-and-economic-crime

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Spanish Police Bust 12 Tons of Hashish

Read here: https://www.occrp.org/en/daily/14336-spanish-police-bust-12-tons-of-hashish

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Incyte Corporation to Pay $12.6 Million to Resolve False Claims Act Allegations for Paying Kickbacks

Read here: https://www.justice.gov/opa/pr/incyte-corporation-pay-126-million-resolve-false-claims-act-allegations-paying-kickbacks

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Malta: Enforcement Factsheet – Common observations across sectors subject to AML/CFT Supervision

Read here: https://fiaumalta.org/wp-content/uploads/2021/05/Enforcement-Factsheet.pdf

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New Zealand: Crown says bundles of cash associated with cocaine syndicate

Read here: https://www.stuff.co.nz/national/crime/300292337/crown-says-bundles-of-cash-associated-with-cocaine-syndicate

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Lack Of Transparency Connected With Shadow Banking Increases Risks Of Losses For Banks

Read here: https://collyerbristow.com/longer-reads/lack-of-transparency-connected-with-shadow-banking-increases-risks-of-losses-for-banks/

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Norway’s $1.3tn oil fund broadens ESG screening to smaller companies

Read here: https://ethixbase.com/norway-norways-1-3tn-oil-fund-broadens-esg-screening-to-smaller-companies#.YJFIq22jiCY.linkedin

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Is FinTech Saudi Arabia’s new oil? Some financial crime considerations

Read here: https://fintrail.com/news/2021/4/30/is-fintech-saudi-arabias-new-oil-some-financial-crime-considerations

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4 Arrested In Takedown Of Dark Web Child Abuse Platform With Some Half A Million Users

Read here: https://www.europol.europa.eu/newsroom/news/4-arrested-in-takedown-of-dark-web-child-abuse-platform-some-half-million-users

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Thailand to introduce in-person KYC for crypto exchanges

Read here: https://cointelegraph.com/news/thailand-to-introduce-in-person-kyc-for-crypto-exchanges

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This TikToker’s ‘SCAM’ Cryptocurrency Took Off and He Can’t Believe It

Read here: https://www.vice.com/en/article/m7eeq8/this-tiktokers-scam-cryptocurrency-took-off-and-he-cant-believe-it

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EVENT: Roundtable on Proposed Changes to FATF Guidelines around Virtual Assets

Register here: https://www.eventbrite.ca/e/proposed-changes-to-fatf-guidelines-around-virtual-assets-tickets-153244742149

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