Money Laundering Watchdog Turns Focus to Digital Tools, Extremism
29th December 2020
Money Laundering Watchdog Turns Focus to Digital Tools, Extremism
The coronavirus halted a wide range of economic activities, but it hasn’t stopped criminals from using the global financial system to commit fraud and engage in other types of illicit behavior. Yet the pandemic has forced some countries to divert resources away from fighting money laundering and made it harder… Read More
Swiss hand over remaining $150 million to U.S. from massive Ponzi scheme
29th December 2020
Swiss hand over remaining $150 million to U.S. from massive Ponzi scheme
Switzerland will return $150 million from blocked Swiss bank accounts by the end of the year to the United States to be given to victims of convicted Ponzi scheme con artist Robert Allen Stanford, the Federal Ministry of Justice said on Monday. Stanford, a former Texas financier known primarily by… Read More
US regulator alleges crypto fraud by Australian
29th December 2020
US regulator alleges crypto fraud by Australian
The top US securities regulator has obtained an order imposing an asset freeze and other emergency relief against Virgil Capital LLC and its affiliated companies. The Securities and Exchange Commission said it took action “in connection with an alleged securities fraud relating to Virgil Capital’s flagship cryptocurrency trading fund, Virgil… Read More
The great opportunity: how Covid transformed global crime
28th December 2020
The great opportunity: how Covid transformed global crime
By the end of March, one week into the UK’s first lockdown, recorded crime in Lancashire had dropped by a startling 40% compared with the four-year average. “At first there was some mild panic,” says DCI Eric Halford, of Lancashire Constabulary. “Most senior officers expected a surge in demand.”… Read More
PMC Bank money laundering case: ED summons Sanjay Raut’s wife for questioning
28th December 2020
PMC Bank money laundering case: ED summons Sanjay Raut’s wife for questioning
The ED has summoned Varsha Raut, wife of Shiv Sena MP Sanjay Raut, for questioning in the PMC Bank money laundering case on December 29, officials said on Sunday. Varsha Raut has been asked to appear before the federal agency in Mumbai. This is the third summons issued to her… Read More
Brazen fraudsters offer crime subscription service
25th December 2020
Brazen fraudsters offer crime subscription service
Fraud prevention organisation Cifas said fraudsters were sharing tips and getting more sophisticated in their attempts to steal money. Cases of a particular scam targeting shoppers, which often spikes at Christmas, have tripled this year. Criminals harvest personal information then buy items in someone else’s name. Dark tips The so-called… Read More
India’s ED attaches assets to Agri Gold Ponzi scam case
25th December 2020
India’s ED attaches assets to Agri Gold Ponzi scam case
The Enforcement Directorate (ED) has attached assets worth ₹4,109 crore in connection with a Ponzi scam involving ₹6,380 crore collected from over 32 lakh investors in six States. The agency had arrested three promoters of the Agri Gold Group of companies in the case earlier this week. The attached properties… Read More
U.S. Senate Approves Law Expanding Scope Of Sanctions To Use Against Belarus
24th December 2020
U.S. Senate Approves Law Expanding Scope Of Sanctions To Use Against Belarus
The U.S. Senate has approved the Belarus Democracy, Human Rights, and Sovereignty Act, expanding the scope of who can be subjected to U.S. sanctions and providing support to independent media. U.S. Senator Jim Risch (Republican-Idaho), chairman of the Senate Foreign Relations Committee, hailed the passage of the act late on… Read More
Anti-Fraud Measures in Relief Plan Seek to Aid Vulnerable Firms
24th December 2020
Anti-Fraud Measures in Relief Plan Seek to Aid Vulnerable Firms
The new $284 billion lifeline for small businesses approved by Congress features anti-fraud and other measures that advocates say will give some of the most vulnerable employers a better shot of getting some help. The renewal of the Paycheck Protection Program included in the Covid-19 relief package that passed in… Read More
Trump’s Longtime Banker at Deutsche Bank Resigns
23rd December 2020
Trump’s Longtime Banker at Deutsche Bank Resigns
President Trump’s longtime banker at Deutsche Bank, who arranged for the German lender to make hundreds of millions of dollars of loans to his company, is stepping down from the bank. Rosemary Vrablic, a managing director and senior banker in Deutsche Bank’s wealth management division, recently handed in… Read More
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