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Cross-border drug trafficking cases nearly doubled in four years – EU agency

The number of cross-border drug trafficking cases referred to the European agency for prosecutorial cooperation nearly doubled in four years to 562 in 2020, partly driven by a huge increase in the production of synthetic drugs, the agency said. In a report published on Monday Eurojust said drug trafficking in… Read More

COVID-19 has transformed Somaliland’s remittance lifeline

By Mark Bradbury, Mohamed Aden Hassan, Ahmed M Musa and Nauja Kleist, openDemocracy, 19 April 2021 openDemocracy — In April 2020, when the effects of the COVID-19 pandemic were first beginning to be felt, the World Bank projected that remittances to low-… Read More

CEO Debacle at Danske Bank Draws Warning From Shareholders

Danske Bank A/S has once again lost a chief executive, ushered out under yet another cloud of scandal. Denmark’s main shareholder group says the question now is whether there’s such a thing as a qualified CEO with a perfectly clean record. The biggest Danish bank stunned investors on Monday… Read More
20th April 2021
A major index provider and some investors are distancing themselves from the marine-ports operator controlled by Indian conglomerate Adani Group over past business transactions with a company linked to the military regime in Myanmar. Financial data firm S&P Global Inc. last week… Read More
20th April 2021
A member of a syndicate linked to S$2.5 million worth of cross-border investment scams, perpetuated via shell companies with fake office fronts at Marina Bay Financial Centre, was given 12 years and one month’s jail on Monday (Apr 19). China national Wei Yong, 44, gambled away most of his criminal… Read More
20th April 2021
The risk of Jersey’s finance industry and non-profit organisations (NPOs) being used to fund terrorism has been classed as medium to low. It is the conclusion of a risk assessment report produced in response to requirements by the Financial Action Task Force (FATF), which sets the international standards on financial… Read More
20th April 2021
Significant new powers are being considered for An Garda Síochána to tackle white collar and other economic crimes, including new search warrants for gaining access to the passwords and other login details of suspects’ computers and mobile phones. The Government is also examining how new search warrants might be formulated… Read More
20th April 2021
South Korea said Monday it plans to crack down on any illegality involving cryptocurrencies, such as money laundering, until June amid skyrocketing prices of virtual money. The interagency crackdown comes as the latest frenzied buying of bitcoin and other cryptocurrencies raises concerns about speculative investments and potential illegal activities, according… Read More
19th April 2021
The Irish Sun can reveal a secret ledger exposed Co Laois builder Darren Hoey’s extra income. Hoey — who worked in construction — earned the cash by travelling across Ireland to collect payments from customers of ‘The Family’. Once collected, the gangland financial controller’s role was… Read More
19th April 2021
The Biden administration is evaluating the impact of new sanctions on Russia and is prepared to escalate those penalties if the Kremlin fails to rein in hacking attacks and attempts to interfere with the U.S. political process, according to people familiar with the matter. Options available to President Joe Biden… Read More
19th April 2021
As ‘shadow director’ of SRC International Sdn Bhd, Datuk Seri Najib Razak was a “puppeteer” in absolute control of the “puppets” on the company’s board who had to execute his instructions, prosecutors told the Court of Appeal today. Ad hoc prosecutor Datuk V. Sithambaram said this during rebuttal to Najib’s… Read More
19th April 2021
A prominent Dallas lawyer and DART board member has been charged in federal court with laundering what be believed was drug money for narcotics traffickers, according to the U.S. attorney. Ray Jackson, 51, of The Jackson Law Firm, was arrested Wednesday and charged with money laundering, officials said. He made… Read More
19th April 2021
AP — A global epidemic of digital extortion known as ransomware is crippling local governments, hospitals, school districts and businesses by scrambling their data files until they pay up. Law enforcement has been largely powerless to stop it. One big reason: Ransomware rackets are dominated by… Read More