Sim-swap fraud is on the rise. How can you stop it happening to you?
15th September 2020
Sim-swap fraud is on the rise. How can you stop it happening to you?
When the Twitter account of its own chief executive, Jack Dorsey, was taken over by hackers last year, a stream of tweets with racial slurs, profanity and praise for Adolf Hitler were posted for 30 minutes. Weeks later, the food writer and campaigner Jack Monroe lost £5,000 from… Read More
Brian Grendon gang has taken drugs crown from Kinahan cartel, say gardai
14th September 2020
Brian Grendon gang has taken drugs crown from Kinahan cartel, say gardai
Gardai believe the Kinahan crime cartel no longer controls the drugs trade in Ireland and has now been replaced with a gang led by Brian Grendon, a convicted heroin dealer from west Dublin, whose organisation is generating up to €5m a week. Grendon is presently the focus of Operation Compact,… Read More
Brazil freezes $43 million of assets in international drug trafficking probe
14th September 2020
Brazil freezes $43 million of assets in international drug trafficking probe
Brazilian authorities blocked assets worth 230 million reais ($43 million) as part of a probe into drug trafficking and money laundering in two countries, according to a statement from Brazil’s federal police on Friday. Some 42 properties, two farm estates, 75 vehicles, boats and aircraft were being seized in Brazil,… Read More
Criminals increasingly targeting EU green funds, says anti-fraud agency
11th September 2020
Criminals increasingly targeting EU green funds, says anti-fraud agency
Fraudsters in Europe are increasingly targeting European Union funds intended for environmental and sustainable projects. It came as the bloc planned to unlock €1 trillion in green investments over the coming years. In its latest report released on Thursday, the European Anti-Fraud Office (OLAF) said that it concluded 181 investigations… Read More
Westpac’s Peter King cautious on Pacific after AUSTRAC
11th September 2020
Westpac’s Peter King cautious on Pacific after AUSTRAC
Westpac chief Peter King said the consequences of breaching anti-money laundering laws are so large that the bank can’t guarantee it will be able to continue to provide remittance services for workers in Australia looking to send money home to the Pacific. Briefing the House of Representatives economics committee on… Read More
Ex-VW CEO to face charges of organized commercial fraud
11th September 2020
Ex-VW CEO to face charges of organized commercial fraud
Former Volkswagen (VOWG_p.DE) Chief Executive Martin Winterkorn will face charges of conspiracy to commit organized commercial fraud with a high likelihood of conviction, a court probing the carmaker’s diesel emissions scandal said on Wednesday. A court in Braunschweig, Germany, near where Volkswagen is headquartered, expanded the list of charges… Read More
How China is closing in on its own digital currency
10th September 2020
How China is closing in on its own digital currency
While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with — and control of — a rapidly digitizing economy. Trials have been held this year… Read More
Monaco hunts oil-bribery whistleblower in EU
10th September 2020
Monaco hunts oil-bribery whistleblower in EU
A whistleblower who exposed massive bribery at a Monaco-based oil firm is now being hunted in Europe, in a test of its extradition system. Jonathan Taylor, back in 2013, revealed that his former employer, SBM Offshore, had routinely paid bribes to foreign governments, for instance in Angola, Brazil, and Equatorial… Read More
No answers from ‘urgent’ Crown casino probe one year later
10th September 2020
No answers from ‘urgent’ Crown casino probe one year later
Victoria’s gambling regulator is yet to report back to the state government on an “urgent” investigation into Crown Resort’s Melbourne casino more than a year after being ordered to examine its infiltration by organised crime. The Andrews government ordered the Victorian Commission for Gambling and Liquor Regulation probe after The… Read More
BVI: Gambling law guts rules in original bill
8th September 2020
BVI: Gambling law guts rules in original bill
Gambling is now officially legal in the Virgin Islands, but it may not be as tightly controlled as legislators previously claimed. When Premier Andrew Fahie introduced the controversial gambling bill in February, he promised that it would include extensive measures that would ensure the industry is well regulated. But… Read More
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