Featured Crime (non-financial)

NCA freezes £100m suspected to be from corruption overseas

More than £100m suspected to have been imported to the UK from bribery and corruption overseas has been frozen following a court order obtained by the National Crime Agency. Westminster magistrates’ court granted account freezing orders covering eight bank accounts holding in excess of £100m which is “suspected to have… Read More

UN probing 35 North Korean cyberattacks in 17 countries

AP — U.N. experts say they are investigating at least 35 instances in 17 countries of North Koreans using cyberattacks to illegally raise money for weapons of mass destruction programs — and they are calling for sanctions against ships providing gasoline and diesel to the country. Last week, The Associated… Read More

Jeffrey Epstein’s Opaque Finances Could Become Focal Point for Investigators

The money, tens of millions of dollars of it, would flow among Jeffrey Epstein’s dozens of bank accounts, shell companies and, at times, charities linked to high-powered friends. Where was the money going? What was it for? Who was actually sending and receiving it? A convicted pedophile and accused sex… Read More
13th August 2019
Inquiries from Hongkongers about property in Portugal, the homeland of football superstar Cristiano Ronaldo, have seen an upswing in recent months as wealthy residents and investors clamour for an alternative residency amid escalating political tensions in the city, analysts said. Since its unveiling in 2012, Lisbon’s golden visa scheme has… Read More
12th August 2019
Mozambique charged 20 people, including the son of former President Armando Guebuza, over a fraud scam in which state-owned companies contracted $2 billion in debt for dubious projects. Legal action may follow against former finance minister Manuel Chang, who Mozambican authorities as well as the U.S Justice Department want… Read More
12th August 2019
Mexico is considering a ban on the use of cash for purchasing gasoline and to pay for tolls as a way to fight tax evasion and money laundering, according to people with direct knowledge of the discussions. The plan, which has been discussed between the banking industry and the government,… Read More
12th August 2019
It was a typically hot Saturday afternoon in Aruba when Rafael González Zambrano thought he had completed a routine operation, one he had been doing for about seven years already. After declaring the goods he was carrying, the Venezuelan-born man with a Dutch passport was escorted to his plane by… Read More
9th August 2019
Following the discovery of Bernard Madoff’s multibillion-dollar Ponzi scheme in late 2008, US Treasury Department officials ordered the hedge fund manager’s primary bank, JPMorgan Chase, to determine whether any other clients were violating laws or regulations.   Compliance officers in JPMorgan’s private banking arm subsequently launched a review of… Read More
9th August 2019
Lacking resources and organization, authorities in Uruguay are struggling to combat global drug trafficking. The country has become an increasingly important hub for drug smugglers as a result. “Uruguay is not looking too good in this matter,” Enrique Canon, head of Uruguay’s top customs authority, said after the recent discovery… Read More
8th August 2019
Brazilian police on Tuesday carried out a major operation against the First Capital Command (PCC) gang, in the latest attempt to try to hobble the country’s most powerful and sophisticated organized crime group. Brazil’s federal police said in a statement it had executed 30 arrest warrants, with 180 officers taking… Read More
7th August 2019
Poachers beware: Standard Chartered Plc is coming for you and is urging other banks to do the same. The lender is training bank-branch tellers to spot transactions that could be linked to the illegal wildlife trade and has made them a focus for its financial-crime investigators, said Kweku Bedu-Addo,… Read More
7th August 2019
The FBI has put out a warning on “confidence/romance frauds” across online dating sites. Cybercriminals are tricking people into laundering and sending money, purchasing items and providing personal and financial information, the FBI said Monday, by posing as a… Read More
6th August 2019
Drug traffickers have used two private companies which were set up by Crown Resorts with Crown executives as directors to bank suspected proceeds of crime, federal investigations have alleged. Investigators traced money from a number of suspected or convicted drug traffickers and money launderers flowing into the bank accounts of… Read More