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U.S. officials discover Hungary passport fraud scheme

AP — U.S. officials have identified a passport fraud scheme in Hungary that has allowed people to enter the U.S. under false identities. Officials say that U.S. Customs and Border Protection’s National Targeting Center notified the U.S. Embassy in Budapest of an Interpol notice on an individual who had… Read More

Hungarian telecom execs pay penalties for FCPA offenses

Two former executives of Magyar Telekom who were headed for trial this month against the SEC agreed instead Monday to pay penalties and accept officer-and-director bars to settle FCPA violations. Magyar Telekom’s former CEO Elek Straub will pay a $250,000 penalty. The chief strategy officer, Andras Balogh, will pay $150,000. Read More

Europe: 178 arrests in successful hit against money muling

Supported by Europol’s European Cybercrime Centre (EC3) and the Joint Cybercrime Action Taskforce (J-CAT), as well as Eurojust and the European Banking Federation (EBF) the second coordinated European Money Mule Action (EMMA) culminated in the arrest of 178 individuals. Read More