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14th January 2021

Italy’s largest mafia trial in three decades to begin against ‘Ndrangheta

Italy’s largest mafia trial in three decades will begin on Wednesday, with 900 witnesses testifying against more than 350 people, including politicians and officials charged with being members of the powerful ’Ndrangheta. A high-security 1,000-capacity courtroom with cages to hold the defendants has been built by Italian authorities in the… Read More

14th January 2021

Fake exotic dancer companies forfeit £5m in laundered cash

Police have recovered more than £5m from three fake companies that offered live-streamed exotic dancers as a guise to launder cash. The Manchester-based firms laundered more than $60m (£44m) over 12 months through fake pay-per-view adult entertainment websites. A judge agreed they should forfeit £5.8m, which is the largest amount… Read More

14th January 2021

Whistle-Blowing Soars to Record With Americans Working From Home

The work-from-home phenomenon has triggered a fresh frustration for U.S. corporations: Americans are blowing the whistle on their employers like never before. The proof is in the data, with the U.S. Securities and Exchange Commission receiving 6,900 tips alleging white-collar malfeasance in the fiscal year that ended Sept. 30, a… Read More

14th January 2021

Ontario men arrested for allegedly violating Iran sanctions, money laundering

Two Iranian nationals living in Ontario have been arrested for allegedly conspiring to export products to Iran in violation of sanctions, the U.S. Justice Department said Tuesday. Ameni Yousefi Jam, 33, was arrested in Canada and was scheduled to appear in court in Toronto on Wednesday for extradition proceedings. Meanwhile,… Read More

13th January 2021

Commerzbank Warned BaFin of Wirecard Concerns in Early 2020: FT

Commerzbank warned Germany’s financial watchdog in early 2020 of money laundering risks at Wirecard following the conclusion of an interview review launched the previous year, the Financial Times reported Tuesday. The review, which had been launched by the German lender in the wake of media reports… Read More

13th January 2021

Australian banks get silver medal for fines

Australian banks continued to punch above their weight in 2020, racking up the second-highest total of fines from regulators by value after the United States. A survey of fines handed out to banks over the 12 months has placed US banks at the top of the pile for infringements, accounting… Read More

13th January 2021

“Flowery” money laundering: Latvian police confiscate property worth EUR 4.5 million

Latvia’s State Police have arrested property and finances worth EUR 4.5 million in a criminal process regarding money laundering disguised as flower business, Latvian State Police report. In 2019 State Police Economic Crimes Enforcement Unit’s officials uncovered an organized group the members of which had been engaged in large-scale money… Read More

13th January 2021

Turkey Sex Cult Chief Sentenced to More Than 1,000 Years in Jail

A Turkish Islamic televangelist was sentenced to 1,075 years in jail on Monday for running a decades-old cult whose members were accused of crimes ranging from sexual assault to blackmail, money laundering and even espionage. Adnan Oktar, who wrote books on Islamic creationism under the pseudonym Harun Yahya, was put… Read More

13th January 2021

Former Italian MP sentenced to 4 years for taking bribes from Azerbaijan

A court in Milan sentenced Luca Giuseppe Volontè, former member of the UDC and member of the Parliamentary Assembly of the Council of Europe, to four years in prison for corruption, Il Fatto Quotidiano reports. He is accused of abusing his function, receiving half a million euros from two Azerbaijani… Read More

12th January 2021

Godfathers give way to queens of crime with a taste for the high life

When the Kray twins ruled the East End of London in the 1960s, organised crime was a man’s world where bosses controlled their illicit businesses through the threat of physical violence. But times have changed. Proving that women are smashing the glass ceiling in the criminal world too, two female… Read More

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