News and Blogs

Twist in case of plane carrying half a tonne of cocaine crashing

Read here: https://www.theaustralian.com.au/breaking-news/twist-in-case-of-plane-carrying-half-a-tonne-of-cocaine-crashing/news-story/c649a7ae808dad320200c86e89df7f68

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More than £1m recovered from two trucks leaving the UK

Read here: https://www.nationalcrimeagency.gov.uk/news/more-than-1m-recovered-from-two-trucks-leaving-the-uk

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Countries seek removal from controversial EU ‘blacklists’

Read here: https://www.euractiv.com/section/botswana/news/countries-seek-removal-from-controversial-eu-tax-blacklists/

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Outline of Possible Amendments to Wildlife Trade Laws

Read here: https://endwildlifecrime.org/cites-amendments/

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Wanted: Young IT boffins to solve complex crimes at troubled fraud watchdog

Read here:https://www.fnlondon.com/articles/wanted-young-it-boffins-to-solve-complex-crimes-at-troubled-fraud-watchdog-20200907

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Does Open Banking Create Open Fraud?

Read here: https://www.eastnets.com/blog/does-open-banking-create-open-fraud

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Chinese mining firms in Zimbabwe pose threat to endangered species, say experts

Read here: https://www.theguardian.com/world/2020/sep/03/chinese-mining-zimbabwe-pose-threat-endangered-species-hwange-national-park

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Crime agency under fire over bank signature forgery

Read here: https://www.bbc.co.uk/news/business-54051369

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Wirecard has exposed Germany’s flaws, but the City is no better with group-think

Read here: https://www.thetimes.co.uk/article/wirecard-has-exposed-germanys-flaws-but-the-city-is-no-better-with-group-think-b9xv6wfqc

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£14k alligator bag destroyed over missing import permit

Read here: https://www.bbc.co.uk/news/business-54022571

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Trump administration weighs blacklisting China’s chipmaker SMIC

Read here: https://www.reuters.com/article/us-usa-china-smic-exclusive/exclusive-trump-administration-weighs-blacklisting-chinas-chipmaker-smic-idUSKBN25V2VR

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Pandemic Is An Opportunity to Clean House, Compliance Experts Say

Read here: https://www.wsj.com/articles/pandemic-is-an-opportunity-to-clean-house-compliance-experts-say-11599260794

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Financial Conduct Authority accused of failing to crack down on boiler room scams

Read here: https://www.thetimes.co.uk/article/financial-conduct-authority-accused-of-failing-to-crack-down-on-boiler-room-scams-55zvmcwmc

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Cyprus to strip seven of citizenship in passports probe

Read here: https://www.france24.com/en/20200904-cyprus-to-strip-seven-of-citizenship-in-passports-probe

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Comanchero trial: ‘Secrets and pretending’ used to disguise offending, Crown says

Read here: https://www.stuff.co.nz/national/crime/122679311/comanchero-trial-secrets-and-pretending-used-to-disguise-offending-crown-says

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Three men sentenced for money laundering and tobacco offences

Read here: https://www.miragenews.com/three-men-sentenced-for-money-laundering-and-tobacco-offences/

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Judge entitled to take account of possibility that bribery confessions had been obtained by torture

Read here: https://www.thetimes.co.uk/edition/register/judge-entitled-to-take-account-of-possibility-that-bribery-confessions-had-been-obtained-by-torture-dphhbktwt

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Amazon takes down a five-star fraud in the UK

Read here: https://www.theverge.com/2020/9/4/21423429/amazon-top-reviewers-uk-fraud

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Inside the secret plan to reboot Isis from a huge digital backup

Read here: https://www.wired.co.uk/article/isis-digital-backup

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In cryptic statement, FinCEN warns of leak, theft tied to SAR database, but whether a drip or a deluge, answer coming soon

Read here: https://www.acfcs.org/in-cryptic-statement-fincen-warns-of-leak-theft-tied-to-sar-database-but-whether-a-drip-or-a-deluge-answer-coming-soon/

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Operation Venetic: Heroin lorry driver jailed after NCA EncroChat intelligence work

Read here: https://nationalcrimeagency.gov.uk/news/operation-venetic-heroin-lorry-driver-jailed-after-nca-encrochat-intelligence-work

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Crown sent $500,000 to drug dealer who was ‘good friend’ of junket

Read here: https://www.smh.com.au/business/companies/crown-sent-500-000-to-drug-dealer-who-was-a-good-friend-of-junket-20200904-p55shw.html

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How to Run a Criminal Network in a Pandemic

Read here: https://foreignpolicy.com/2020/09/05/pandemic-criminal-network-drug-dealers-human-traffickers/

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Malta gets another downgrade at crucial juncture for financial services industry

Read here: https://theshiftnews.com/2020/09/05/malta-gets-another-downgrade-at-crucial-juncture-for-financial-services-industry/

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Indictment Charges Man With Using His Position At Hurricane Business To Solicit And Obtain Kickbacks From Chinese Companies

Read here: https://www.justice.gov/usao-ut/pr/indictment-charges-man-using-his-position-hurricane-business-solicit-and-obtain-kickbacks

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Liberia: Financial Intelligence Unit Orders Lonestar Cell MTN International Remittance Service Halted

Read here: https://frontpageafricaonline.com/front-slider/liberia-financial-intelligence-unit-orders-lonestar-cell-mtn-international-remittance-service-halted/

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Former ComEd Official Fidel Marquez Charged In Bribery Scandal Involving Mike Madigan

Read here: https://chicago.cbslocal.com/2020/09/04/former-comed-official-fidel-marquez-charged-in-bribery-scandal-involving-mike-madigan/

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New York Hedge Fund Founder Arrested And Charged With Fraud, Extortion, And Obstruction Of Justice In Connection With Neiman Marcus Bankruptcy

Read here: https://www.justice.gov/usao-sdny/pr/new-york-hedge-fund-founder-arrested-and-charged-fraud-extortion-and-obstruction

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Bank Supervision: FDIC Could Better Address Regulatory Capture Risks

Read here:https://www.gao.gov/products/GAO-20-519

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Two men have been convicted of money laundering

Read here: http://news.met.police.uk/news/two-men-have-been-convicted-of-money-laundering-409963

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English court finds evidence of bribery in P&ID case

Read here: https://www.energyvoice.com/oilandgas/africa/263503/nigeria-pid-english-court/

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Can Italy Defeat Its Most Powerful Crime Syndicate?

Read here: https://www.theatlantic.com/magazine/archive/2020/10/italian-mafia-ndrangheta/615466/

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Murder, money laundering and the demise of Pablo Escobar

Read here: https://www.fraud-magazine.com/cover-article.aspx?id=4295011071

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E-commerce schemes involving empty boxes, QR codes and fake tracking numbers are linked to gambling and money laundering in China

Read here: https://www.scmp.com/abacus/culture/article/3100107/e-commerce-schemes-involving-empty-boxes-qr-codes-and-fake-tracking

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$1.6million in assets restrained in connection to alleged Malaysian official bribery investigation

Read here: https://www.afp.gov.au/news-media/media-releases/16million-assets-restrained-connection-alleged-malaysian-official-bribery

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Thirteen sued for £178m over alleged fraud at London Capital & Finance

Read here: https://www.ft.com/content/93dd8947-3188-4510-adbc-95b1c1549eb6

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Abba admit outrageous outfits were worn to avoid tax

Read here: https://www.theguardian.com/music/2014/feb/16/abba-outfits-tax-deduction-bjorn-ulvaeus

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Anti-money laundering and counter-terrorist financing: Supervision report 2018-19

Read here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/907002/Supervision_report_18-19_final.pdf

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Australia: Tabling of FinTech and RegTech Interim Report

Read here: https://www.andrewbragg.com/post/tabling-of-fintech-and-regtech-interim-report

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Deloitte connects 5 Dutch banks to make an impact with Transaction Monitoring Netherlands (TMNL)

Read here: https://www2.deloitte.com/nl/nl/pages/financial-services/articles/5-dutch-banks-to-make-an-impact-with-transaction-monitoring-netherlands-tmnl.html

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