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22nd March 2021

Malaysia pensioner charged with money laundering over RM750,000 from ivory smuggling

A government pensioner was charged in the Sessions Court here today with eight counts of money laundering involving a total of RM753,220 allegedly from smuggling of elephant tusks. Md Nawi Ab Aziz, 70, who is a former school clerk, however, pleaded not guilty to all the charges before judge Mohd… Read More

22nd March 2021

ABN AMRO board blocked research into claims of money laundering in 2014: report

The ABN AMRO board of directors already knew about the problems with money laundering in 2014, but stopped a research project into this in collaboration with the Public Prosecution Service (OM) at the last minute. This was reported by the investigative journalist organization Follow the Money (FTM) based on confidential… Read More

22nd March 2021

UK: Dealers are using Fortnite treats to groom children as drug mules

Criminals are using the video game Fortnite to groom children as young as 12 to become drug mules, youth workers have warned. The game’s virtual currency, v-bucks, is offered to children who want to buy extras for the game, such as costumes and dance moves for their characters, but cannot… Read More

22nd March 2021

Iranians Charged With Dodging Sanctions With Shell Companies

Ten Iranian nationals were charged in the U.S. with using shell companies to disguise transactions, including the purchase of two $25 million oil tankers, in an effort to dodge American sanctions on the mideast nation. The charges, originally filed in October, were unsealed Friday in Los Angeles. “Through the use… Read More

22nd March 2021

Ukraine investigates cenbank officials for suspected embezzlement

Ukrainian authorities have opened an investigation into current and former central bank officials suspected of embezzlement, the Prosecutor General’s office said on Friday. Its statement came after the Kyiv Post newspaper and other local media reported that a top central bank official was being investigated for treason and embezzlement in… Read More

22nd March 2021

Mexico probe links border governor to luxury properties

AP — Mexico’s agency for curbing money laundering said Friday the governor of the northern border state of Tamaulipas owns a large number of luxury properties that it says don’t match the income from his government jobs over the last 20 years. The Financial Intelligence Unit said… Read More

22nd March 2021

AUSTRAC defends taking no action against banks in drug cartel sting

The financial intelligence regulator has defended taking no action against nine Australian banks that unwittingly laundered drug cartel money, saying their co-operation with law enforcement was vital to disrupting the network and other similar ones. AUSTRAC faced questioning at a parliamentary hearing on Friday about its methods and capabilities before… Read More

19th March 2021

Stop the Illegal Wildlife Trade: Report reveals dark financial underbelly of global wildlife crime

A major global analysis of the means by which money from the illegal wildlife trade flows round the world highlights how criminals routinely use common financial mechanisms and basic fraud to profit from illicit animal and plant products. Using more than 40 wildlife crime cases from… Read More

19th March 2021

Trump Tower Coverup Linked to Russian Chemical Weapons Program, Blacklisted German Firm

A company newly sanctioned by the U.S. over Alexei Navalny’s poisoning attack is tied to the money-laundering network that Natalia Veselnitskaya tried to cover up at the infamous 2016 Trump Tower meeting, according to financial records obtained by The Daily Beast. Now we know why Vladimir Putin was so… Read More

19th March 2021

Authorities issue fresh guidance on trade finance money laundering risks

Financial crime authorities are upping efforts to tackle trade-based money laundering (TBML), urging lenders to watch for complex corporate structures or trade flows, circular payment arrangements and inconsistencies in documentation. The warnings feature in new guidance from the Financial Action Task Force (FATF), an influential global standards-setting body. The document… Read More

Must Read

Sixteen Hongkongers arrested in police swoop on bookmaking syndicate that laundered over HK$180 million in 10 months

Libya releases man described as one of world’s most wanted human traffickers

Former Mexican senator hit with criminal charges tied to energy reform

Venezuela government wants to use funds frozen in the U.S. to pay for vaccines

Ecuador detains comptroller, ex-minister in Petroecuador probe