14th July 2017
The Securities and Exchange Commission today brought fraud charges against 13 individuals allegedly involved in two Long Island-based cold calling scams that bilked more than one hundred victims out of more than $10 million through high-pressure sales tactics and lies about penny stocks. The SEC alleges that the orchestrators of… Read More
13th July 2017
Former BSI Singapore banker Yeo Jiawei was sentenced to 4½ years in jail yesterday for money laundering and cheating. It was the longest sentence meted out so far over the massive global probe involving billions of dollars allegedly misappropriated from Malaysian state fund 1Malaysia Development Berhad (1MDB). Read More
12th July 2017
Prosecutors in Singapore said that Malaysian financier Low Taek Jho is the central figure in probes linked to 1Malaysia Development Bhd. and that he used money traceable to the state fund for his own benefit. Low received “huge” sums of money, the prosecutors said in court filings made public on… Read More
11th July 2017
It has been reported that the Senate and House Intelligence committees investigating possible ties between Trump campaign officials and the Russians have begun to receive access to financial data from the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). FinCEN’s mission is to safeguard the financial system from illicit use and… Read More
11th July 2017
At least three businesses were forced to suspend operations for at least 48 hours due to tax irregularities in popular tourist destinations. Officers of the Independent Authority of Public Revenue are intensifying inspections on businesses during the high tourist season in a number of Aegean islands where tax evasion is… Read More
10th July 2017
Three men who formerly worked for a Miami-area refinery are accused of importing more than $1 billion in illegally mined gold from South America in a vast money-laundering scheme from 2013 to 2016. U.S. prosecutors say in a criminal complaint that the three ex-employees of NTR Metals Miami and accomplices… Read More
10th July 2017
Dogecoin exchange founder and convicted rapist Ryan Kennedy lands in fresh hot soup over the theft of Bitcoins, money laundering and fraud. British police have released a statement saying that Ryan Kennedy has been taken into custody. Read More
7th July 2017
The 24th Egmont Group Plenary Meeting concludes today. More than 110 financial intelligence organizations and over 350 representations are attending the event. In 2009, the Macau Financial Intelligence Office (GIF) joined the Egmont Group, which has over 150 members. The Secretary for Finance and Economy, Lionel Leong, made a short… Read More
7th July 2017
A Paris court fined a Latvian bank on Thursday for taking part in a vast scheme allowing French clients to avoid paying their taxes and launder at least 200 million euros. The court convicted Rietumu Banka of money laundering and fined it 80 million euros ($91 million) for facilitating a… Read More
6th July 2017
Colombia’s top anti-corruption prosecutor was indicted in the United States after DEA agents in Miami recorded him agreeing to take bribes to subvert investigations in the U.S. and Colombia. Luis Gustavo Moreno Rivera, 35, was charged with one count of conspiracy to launder money in order to promote foreign bribery. Read More