6th November 2020
BNP Paribas urged a Manhattan federal judge to dismiss a lawsuit by alleged victims of a genocidal regime in Sudan on Thursday, saying that while its banking work for the government violated U.S. sanctions, it did not make the bank liable for its atrocities. In a telephonic hearing before U.S. Read More
5th November 2020
The EU on Wednesday launched a procedure to sanction Belarus President Alexander Lukashenko, his son Viktor and 13 others held responsible for a post-election crackdown in the former Soviet state, diplomatic sources in Brussels said. The green light to ban visas and freeze the assets of Lukashenko and the 14… Read More
5th November 2020
Cryptocurrency exchanges Coinbase, Paxful, Gemini and BitFinex have all joined the Anti-Human Trafficking Cryptocurrency Consortium, or ATCC. Launched in April 2020 by the Anti-Human Trafficking Intelligence Initiative, the consortium is a nonprofit focused on intelligence sharing, best practices and the development of tools to fight trafficking. The ATCC brings together… Read More
5th November 2020
Police have arrested nine people in a raid today targeting money laundering in Auckland. Officers targeted a company operating as a foreign exchange and money transfer service. Police seized assets worth more than $6 million, including eight properties and seven luxury cars. The properties are in central Auckland, Albany and… Read More
5th November 2020
The U.S. Securities and Exchange Commission paid $28 million to a whistle-blower who provided information that led to a successful enforcement action, adding to the eye-popping awards that tipsters have received from the agency this year. “In the past month alone, the commission has awarded four whistle-blowers over $150… Read More
5th November 2020
The U.S. derivatives watchdog is planning to offer rewards to companies that turn themselves in, following in the footsteps of other regulators and law-enforcement agencies. The Commodity Futures and Trading Commission is expected to release guidance Thursday spelling out how companies that self-report potential misconduct, cooperate with investigators and take… Read More
2nd November 2020
As a law professor, I have devoted my professional life to teaching about, advocating for, and advancing justice with regard to war crimes and crimes against humanity. Now, my dual Canadian-U.S. citizenship has made me a special target for the Trump administration’s efforts to undermine the quest for global justice. Read More
30th October 2020
Criminals are using real estate transactions to launder dirty money in the Philippines, a top official of the Anti-Money Laundering Council revealed. AMLC Executive Director Atty. Mel Racela confirmed this during a Senate hearing on Wednesday after lawmakers asked him why real estate developers and brokers should report cash transactions… Read More
28th October 2020
By Juan Diego Posada, InSight Crime, 27 October 2020 InSight Crime — To sell and promote their product, drug dealers in Rio de Janeiro have organized cash-prize soccer matches — in an example of how even low-level criminals use Brazil’s soccer-mad culture to net illicit cash. Police were tipped that the… Read More
27th October 2020
Many financial institutions looking to offer banking services to the expanding number of legal cannabis growers and distributors in the U.S. are still limited by spotty regulations and expensive compliance efforts. The disparities between federal and state laws governing the use of marijuana and hemp, and the differences across states,… Read More