About Events Contact

Fraud

Reset Filter

Jurisdictions

Industry Sectors

Predicate Crimes

Enforcement

Regulatory Update

Featured Fraud

FBI takes down Nigerian fraudsters in $46M case

AP—The relationship between a Japanese woman and a U.S. Army captain stationed in Syria started online, through an international social network for digital pen pals. It grew into an internet romance over 10 months of daily emails. It ended with the woman $200,000 poorer and on the verge… Read More

Citigroup, BNP caught up in U.S. case against Huawei CFO: documents

U.S.-based Citigroup Inc (C.N) and French bank BNP Paribas (BNPP.PA) are caught up in the U.S. criminal case against the chief financial officer of China’s Huawei Technologies, according to newly available documents. The banks were named in documents released on Tuesday after a hearing in British… Read More

Rabobank ditches football clubs as clients because of corruption risk

Dutch cooperative bank Rabobank has decided not to take on any more professional football clubs as clients because of the risk of ‘money laundering, corruption, fraud and other issues’, the NRC said on Tuesday. The paper has seen an internal memo to staff which states ‘these clients would appear… Read More

20th August 2019

Finance Needs People Who Work Well With Robots

Today, it’s not just humans competing for work in banking. Machines are becoming a threat to warm-blooded number crunchers worldwide. Indeed, almost one-third of financial-services jobs could be displaced by automation by the mid-2030s, according to a report by PricewaterhouseCoopers LLP last year. Despite those stark forecasts, some optimists… Read More

19th August 2019

Goldman’s Star in Hong Kong Turns Into 1MDB Scandal’s Enigmatic Man

Andrea Vella was Goldman Sachs’s top dealmaker in Hong Kong. He had a nose for splashy trades, a fondness for the Bentley Continental, and a vague enough resemblance to George Clooney that there was even a joke among some bankers: “What would George do?” That was almost a year ago. Read More

16th August 2019

Lawyer famed for work in Scott Young affair fights to avoid jail over castle deal

A property development firm is trying to have the lawyer famed for representing creditors to late tycoon Scott Young imprisoned in a bitter legal dispute over the whereabouts of millions of pounds in misappropriated funds. Stephen Jones is said to have lied to clients, the courts and the National Crime Agency… Read More

16th August 2019

Fraud helpline staff ‘mocked and ignored victims’ and branded them ‘morons’ and ‘screwballs’, new report claims

A fraud helpline is misleading victims by suggesting their cases will be investigated even though most are dismissed out of hand, it was reported last night. An undercover probe found that managers at Action Fraud mocked victims as ‘morons’, ‘screwballs’ and ‘psychos’, while staff are trained to trick callers into… Read More

13th August 2019

Portugal’s golden visa programme ‘swamped’ by inquiries from Hongkongers seeking alternative residence and a safe haven

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

13th August 2019

B.C. gov’t seeks to seize properties allegedly linked to $165 million stock fraud

The B.C. government is suing to seize properties in the B.C. Interior that it alleges were linked to a $200-million-plus international stock fraud. In a lawsuit filed in B.C. Supreme Court this month, the B.C. Civil Forfeiture Office alleges a $1.6-million house on Mission Ridge Road in Kelowna and a… Read More

12th August 2019

Former Barclays Execs Face New Fraud Charges in Qatar Case: Reports

The UK’s Serious Fraud Office (SFO) has added fraud charges to its case against three former Barclays executives accused of directing hundreds of millions of pounds to Qatar in return for financing from the Gulf state, according to the Financial Times and Bloomberg. The new charges target Roger… Read More

12th August 2019

Pope caps reform of Vatican bank with new statutes

Pope Francis has approved new statutes for the Vatican Bank, making an external audit obligatory and introducing other changes to bolster reforms that have turned around the once scandal-ridden institution. The statutes, approved in a papal document released by the Vatican on Saturday, cap more than six years of changes… Read More

8th August 2019

SFO Tells Corporations How to Cooperate in Ongoing Investigations

Companies facing potential prosecutions by the UK’s Serious Fraud Office (SFO) should organize related financial records for investigators, identify relevant witnesses and waive pertinent legal privileges, according to new agency guidance. The recommendations, published Tuesday, outline how corporations can cooperate with the SFO ahead of any decision to prosecute… Read More

7th August 2019

Dating site users are being tricked into laundering money, FBI says

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

Must Read

Deutsche Bank to Pay $16.2 Million in `Princeling’ Bribery Case

Qatar-controlled bank investigated by UK over money laundering

$16 million frozen on accounts of TBC Bank founders accused of money laundering

FBI takes down Nigerian fraudsters in $46M case

Many Swiss private banks facing ‘extinction’