News and Blogs

Chinese Crime Boss ‘Broken Tooth’ Built Business Network After Prison Stint

Read here: https://brief.kharon.com/updates/chinese-crime-boss-broken-tooth-built-business-network-after-prison-stint/

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Lebanon prosecutor sends findings to Swiss investigation into central bank money laundering claims

Read here: https://www.reuters.com/article/lebanon-crisis-cenbank/lebanon-prosecutor-sends-findings-to-swiss-investigation-into-central-bank-money-laundering-claims-idUSD5N2EL02A

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Iran asks Spain to extradite former diplomat’s playboy son

Read here: https://www.bbc.co.uk/news/world-middle-east-55933218

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Formation agents facing crackdown over organised crime links

Read here: https://www.thetimes.co.uk/article/formation-agents-facing-crackdown-over-organised-crime-links-0vfdhn3k6

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McKinsey to pay $600 million to settle with U.S. states over opioid crisis role

Read here: https://www.reuters.com/article/us-usa-mckinsey-agree-idUSKBN2A41WO

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Cocaine-addicted council worker came up with a shifty plan to pay off £5k drug debt – he told Facebook buyers it was ‘fully legit’ … it wasn’t

Read here: https://www.manchestereveningnews.co.uk/news/greater-manchester-news/john-buckley-cycle-swindle-drugs-19755087

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Visa Pilots Its New Crypto API Programme With US Neobank First Boulevard

Read here: https://fintechnews.ch/blockchain_bitcoin/visa-pilots-its-new-crypto-api-programme-with-us-neobank-first-boulevard/42493/

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Migration firm investigated over ads promising Vanuatu passports

Read here: https://www.theguardian.com/world/2021/feb/04/migration-firm-investigated-over-ads-promising-vanuatu-passports

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Slovakia: GRECO regrets slow progress in preventing corruption of parliamentarians, judges and prosecutors

Read here: https://www.coe.int/en/web/portal/-/slovakia-greco-regrets-slow-progress-in-preventing-corruption-of-parliamentarians-judges-and-prosecutors

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Former Belarusian Banker, Would-Be Presidential Candidate To Face Trial On February 17

Read here: https://www.rferl.org/a/belarus-banker-trial-feb-7-presidential-election-lukashenka/31086051.html

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105 Arrested For Stealing Over €12 Million From US-Based Banks

Read here: https://www.europol.europa.eu/newsroom/news/105-arrested-for-stealing-over-€12-million-us-based-banks

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China Turns Blind Eye To Lucrative Cartel Chemical Trade, DEA Says

Read here: https://www.vice.com/en/article/3an43y/china-turns-blind-eye-to-lucrative-cartel-chemical-trade-dea-says

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Pair jailed for importing £400k worth of cocaine in protein powder

Read here: https://nationalcrimeagency.gov.uk/news/pair-jailed-for-importing-400k-worth-of-cocaine-in-protein-powder

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Yellen convenes SEC, CFTC and Fed leaders on Robinhood question

Read here: https://cointelegraph.com/news/yellen-convenes-sec-cftc-and-fed-leaders-on-robinhood-question

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The New Crypto Rules in Town

Read here: https://www.fintrail.co.uk/news/2021/2/2/the-new-crypto-rules-in-town

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Nigeria Now Epicentre of Pangolin Scale, Ivory Trafficking

Read here: https://www.occrp.org/en/daily/13779-nigeria-now-epicentre-of-pangolin-scale-ivory-trafficking

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Authorities Warn Syndicates Turning to Cybercrime Amid Covid-19 Pandemic

Read here: https://www.occrp.org/en/coronavirus/authorities-warn-syndicates-turning-to-cybercrime-amid-covid-19-pandemic

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FCA recovers £676,000 in losses for unauthorised crypto and FX trading

Read here: https://citywire.co.uk/wealth-manager/news/fca-recovers-676000-in-losses-for-unauthorised-crypto-and-fx-trading/a1459510

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Pyramid Scheme Worth €4Million Brought Down On Spain’s Costa Blanca

Read here: https://www.euroweeklynews.com/2021/02/03/pyramid-scheme-worth-e4million-brought-down-on-spains-costa-blanca/

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Tencent fires 100 employees, blacklists 37 firms in anti-graft campaign

Read here: https://www.reuters.com/article/us-tencent-corruption-idUSKBN2A30DW

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Buy now pay later companies like Afterpay will be regulated overseas ‘as a matter of urgency’, despite managing to dodge Australian regulators

Read here: https://www.businessinsider.com.au/buy-now-pay-later-companies-like-afterpay-will-be-regulated-overseas-as-a-matter-of-urgency-despite-managing-to-dodge-australian-regulators-2021-2

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Australian police say no criminal misconduct in Vatican funds transfer

Read here: https://www.reuters.com/article/us-vatican-australia-funds/australian-police-say-no-criminal-misconduct-in-vatican-funds-transfer-idUSKBN2A307D

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CEO Sentenced for $150 Million Health Care Fraud and Money Laundering Scheme

Read here: https://www.justice.gov/opa/pr/ceo-sentenced-150-million-health-care-fraud-and-money-laundering-scheme

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Germany to Expand Financial Watchdog’s Powers After Wirecard

Read here: https://www.bloomberg.com/news/articles/2021-02-02/germany-lays-out-plan-for-financial-watchdog-after-wirecard

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FCA and UK Treasury “acting swiftly” to regulate fast-growing BNPL (Buy Now, Pay Later) firms

Read here: https://www.fintechfutures.com/2021/02/fca-and-uk-treasury-acting-swiftly-to-regulate-fast-growing-bnpl-firms/

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Ride-hailing firm Gett faces HMRC inquiry over VAT payments

Read here: https://www.telegraph.co.uk/technology/2021/01/31/ride-hailing-firm-gett-faces-hmrc-inquiry-vat-payments/

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The dark web in 2021: Should enterprises be worried?

Read here: https://searchsecurity.techtarget.com/feature/The-dark-web-in-2021-Should-enterprises-be-worried

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Japan gets details on 2 mil. offshore accounts to combat tax evasion

Read here: https://mainichi.jp/english/articles/20210203/p2g/00m/0bu/079000c

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ACFCS Back to the Future of Fincrime Summit Day Three Snapshot: Rising ransomware attacks, money mules as laundering tools, regulation, innovation in 2021

Read here: https://www.acfcs.org/acfcs-back-to-the-future-of-fincrime-summit-day-three-snapshot-rising-ransomware-attacks-money-mules-as-laundering-tools-regulation-innovation-in-2021/

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Exploring National Cyber Security Strategies: Policy Approaches and Implications

Read here: https://rusi.org/publication/occasional-papers/exploring-national-cyber-security-strategies-policy-approaches-and

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Crime threatens South African avocados

Read here: http://www.fruitnet.com/eurofruit/article/184114/crime-threatens-south-african-avos

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Complaint Seeks Forfeiture of Iranian Oil Aboard Tanker Based on Connection to Terror Group

Read here: https://www.justice.gov/opa/pr/complaint-seeks-forfeiture-iranian-oil-aboard-tanker-based-connection-terror-group

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Two top executives sentenced to 15 years in jail for money laundering in Abu Dhabi

Read here: https://gulfnews.com/uae/crime/two-top-executives-sentenced-to-15-years-in-jail-for-money-laundering-in-abu-dhabi-1.76925226

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Global Report on Trafficking in Persons

Read here: https://www.unodc.org/unodc/en/data-and-analysis/glotip.html

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Goldman Sachs 1MDB fallout a case study for bonus risks

Read here: https://www.complianceweek.com/opinion/goldman-sachs-1mdb-fallout-a-case-study-for-bonus-risks/30011.article

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All The Prime Minister’s Men

Read here: https://network.aljazeera.net/pressroom/all-prime-minister’s-men

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Latvia: Police uncover money laundering via digital currency machines in Riga’s shopping centers

Read here: https://www.baltictimes.com/police_uncover_money_laundering_via_digital_currency_machines_in_riga_s_shopping_centers/

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About three tons of cocaine were seized in two gigantic ELN drug complexes

Read here: https://www.fiscalia.gov.co/colombia/en/2021/01/30/about-three-tons-of-cocaine-were-seized-in-two-gigantic-eln-drug-complexes/

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A New Report Suggests that UK Art Businesses Are Begrudgingly Adapting to New Money-Laundering Regulations

Read here: https://news.artnet.com/market/uk-art-market-regulation-1941147

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New York’s Apple Bank Slapped With $12.5 Million AML Fine

Read here: https://www.pymnts.com/aml/2021/new-yorks-apple-bank-for-savings-slapped-with-12-5-million-aml-fine/

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