Featured Industry Sectors

US Legislators to Introduce Bipartisan Bills Fighting Kleptocracy

By Julett Pineda Sleinan, OCCRP, 14 June 2021 OCCRP — A group of U.S. lawmakers intend to introduce three bipartisan bills designed to curb kleptocracy and corruption worldwide. They say their proposals close gaps in existing laws concerning sanctions of corrupt individuals, address abuses to investor… Read More

U.K. Cyber Chief Cameron Says Ransomware Is Key Online Threat

Professional criminals holding businesses to ransom — often with the support of nation-states — is the key online threat facing the U.K., the country’s cyber security chief will say Monday. Lindy Cameron, who is chief executive of the National Cyber Security Centre, part of the spy agency GCHQ, will warn… Read More

Huawei CFO seeks publication ban on HSBC documents in U.S. extradition case

Huawei Chief Financial Officer Meng Wanzhou on Monday will seek to bar publication of documents her legal team received from HSBC, a request opposed by Canadian prosecutors in her U.S. extradition case who say it violates the principles of open court. Meng’s legal team will present arguments in support of… Read More
15th June 2021
Betting firms won £1.3m in stolen money from a gambling addict without establishing where the funds came from, it has emerged, reigniting concern about whether firms do sufficient due diligence on punters who lose large sums. Andy May, 44, was sentenced at Norwich crown court on Monday to four years… Read More
15th June 2021
Britain’s financial regulator has to make daily sweeps of the internet to warn about online scams in real time and keep pace with fraudsters who are often based outside the country, one of its officials said on Monday. Mark Steward, the Financial Conduct Authority’s (FCA) director for enforcement, said the… Read More
15th June 2021
Banks will be required to ensure that their virtual currency exchange clients are classified as high-risk and subject to strengthened financial transaction monitoring and user ID verification, according to the Financial Services Commission (FSC), Sunday. The lenders will have to deny services to customers that refuse to comply with ID… Read More
15th June 2021
The government is considering a proposal from banks that criminally-obtained funds are used to pay back other victims. Three-quarters of those asked in the survey said they supported the idea. But the amount frozen in these accounts would be vastly insufficient to cover the bill. Pandemic scams Last month, the… Read More
15th June 2021
Daniel Perry, 17, thought he was talking to a pretty American girl from Illinois. They soon began swapping pictures online – nothing unusual for two teenagers. The problem was that the girl didn’t exist. Perry, in Scotland, had fallen prey to a gang operating out of the Philippines. After secretly… Read More
15th June 2021
The Anti-Money Laundering Council (AMLC) has frozen the bank accounts of another organization allegedly linked to communist rebels, a move denounced by the human rights watchdog Karapatan as a violation of a United Nations declaration recognizing the right of groups and individuals to solicit and use funds to promote “fundamental… Read More
14th June 2021
U.K. officials have banned UAB Finolita Unio from operating in the country following a decision last week by the Bank of Lithuania to revoke the firm’s license over its alleged “severe infringement” of anti-money laundering (AML) and counterterrorism financing (CTF) laws. The U.K.’s Financial Conduct Authority (FCA) published the decision… Read More
14th June 2021
Employees at three major financial institutions are under investigation over suspected links to crime gangs involved in cyber frauds and money laundering. The three young adults — a woman and two men — separately came to the attention of gardaí investigating the rising phenomenon of online frauds and scams. The… Read More
14th June 2021
The European Parliament has called for sweeping economic sanctions and a raft of other measures against Belarus in response to growing repression and the forced landing of a plane flying between two EU capitals to arrest opposition activist Raman Pratasevich. Economic sanctions should target Belarus’s state-run companies in the oil,… Read More
14th June 2021
A senior cybercrime officer has warned that luxury flats being sold for bitcoin could be exploited by criminal gangs. Nigel Leary, a director at the National Crime Agency, said that he had significant concerns about bitcoin or other cryptocurrencies being used for large purchases such as property or private jets. Read More