19th April 2021
Italy’s most dangerous mafia clan has moved into Tuscany, buying businesses, dumping toxic waste in streams and using it to lay the foundation for roads through one of Italy’s most verdant regions, prosecutors claim. The ’Ndrangheta mafia from Calabria in southern Italy is accused of corrupting Tuscan politicians, winning public… Read More
16th April 2021
President Joe Biden ordered fresh sanctions on Russia, including restrictions on buying new sovereign debt, in response to allegations that Moscow was behind a hack on SolarWinds Corp. and interfered with last year’s U.S. election. The new measures sanction 32 entities and individuals, including government and intelligence officials,… Read More
16th April 2021
Britain’s financial firms and regulators should step up the use of technology to cut the cost of compliance and make the City of London more globally competitive, a report said on Friday. The report from the corporation that runs London’s “Square Mile” financial district called for the removal of barriers… Read More
16th April 2021
Fraud squad detectives encountered a sinister blackmail plot when they launched an investigation into a former employee of the Central Bank, who allegedly committed fraud crimes after he set up a business to help clients apply for bank licences. The former Central Bank employee, who is in his 40s, was… Read More
16th April 2021
The US’s commodities watchdog is on the hunt for a Manchester man it claims is the mastermind behind a Bitcoin scam that swindled thousands of victims and owes $572m (£416m). The regulator is facing a major obstacle, however, as their suspect, Benjamin Reynolds, 38, appears to have vanished without a… Read More
16th April 2021
An accountant who committed “industrial scale dishonesty” to fund a lavish lifestyle has been jailed. Steven Day, 51, of Perthshire, Scotland, plundered £1.4m from firms and defrauded the NHS. The court heard he targeted a female friend in a £4,500 romance fraud and lied about his mother dying and having… Read More
16th April 2021
BNF Bank has distanced itself from a former manager who faces money laundering charges. Albert Buttigieg has been charged in court together with and ex-footballer Darren Debono’s step-daughter Florinda Sultana, who fronted companies that manage two fish restaurants allegedly involved in laundering money linked to oil… Read More
15th April 2021
The European Union will seek to increase police cooperation, target human trafficking and establish new rules to counter money laundering, according to plans detailed by the European Commission on Wednesday. The EU executive set out a five-year roadmap of legislative proposals and initiatives designed to combat organised criminal gangs, who… Read More
15th April 2021
The US is expected to announce fresh sanctions against Russia, possibly as early as today, targeting several individuals and state-backed agencies, according to reports. Several Russian diplomats and intelligence agents based in the US are expected to be expelled and as many as 30 organisations hit with financial penalties. The… Read More
15th April 2021
The Singapore branch of a Swiss-based private bank has been fined $1 million for failing to comply with measures to counter money laundering and terrorist financing. The penalty was imposed on Bank J. Safra Sarasin (BJS) for breaches between March 2014 and September 2018. These included failing to establish the… Read More