9th July 2019
Teenage “money mules” are on the rise, as criminals prey on millennials’ lack of financial know how, MPs have warned. There has been a 26 per cent increase in under 21-year-olds acting as money mules between 2017 and 2018, according to the fraud prevention service Cifas. This means… Read More
9th July 2019
The U.S. Securities and Exchange Commission (SEC) on Monday issued a notice on broker-dealer custody of digital asset securities, amid industry requests for clarity on whether they can hold such assets under federal securities laws. The SEC’s statement, issued in conjunction with the general counsel of the Financial Industry Regulatory… Read More
9th July 2019
AP — A federal grand jury in New York is investigating top Republican fundraiser Elliott Broidy, examining whether he used his position as vice chair of President Donald Trump’s inaugural committee to drum up business deals with foreign leaders, according to documents obtained by The Associated Press and people familiar… Read More
9th July 2019
A former RCMP organized crime and money laundering investigator says that fraud is a fast-growing business for gangsters that have realized Canada’s justice system is vulnerable to scams that net criminal proceeds estimated at up to $6 billion annually. And, like drug-trafficking proceeds, these funds are laundered into… Read More
8th July 2019
The Nordic region’s six major banks announced the creation of a customer checking center on Friday, with the initiative expected to help their efforts to crack down on money launderers and recover from a scandal that has damaged the sector’s reputation. The news confirms a Reuters report about the venture,… Read More
8th July 2019
U.S. authorities said on Friday they were seeking a court order requiring Mexican drug lord Joaquin “El Chapo” Guzman to forfeit $12.7 billion following his conviction for racketeering and drug trafficking crimes earlier this year. The sum represents the total amount of cocaine, marijuana and heroin that a jury found… Read More
8th July 2019
As the U.S. looks to enforce sanctions aimed at halting trade with states such as Iran and Venezuela, there’s increased scrutiny on the tricks being used to keep commodities flowing to and from blacklisted countries. Ships… Read More
8th July 2019
AP — When a respected Iranian scientist left Tehran bound for the U.S. last fall, he had plans to complete the final stage of his research on treating stroke patients as a visiting scholar at the prestigious Mayo Clinic in Minnesota. Instead, when professor Masoud Soleimani touched down on U.S. Read More
8th July 2019
Mexico’s attorney general’s office said on Friday that a judge issued arrest warrants for the former chief executive of state oil firm Pemex, Emilio Lozoya, three of his family members and one other person, in a graft case involving Brazilian builder Odebrecht. The Finance Ministry said in May that it presented… Read More
8th July 2019
The head of Latvia’s bank watchdog is to step down following a move by the country’s parliament to reform the finance industry regulator as part of efforts to combat money laundering. Latvia is under pressure to clean up its banking sector after series of scandals. Moneyval, the money laundering and… Read More