3rd March 2020
The United States on Monday charged two Chinese nationals with laundering more than $100 million in stolen cryptocurrency from a 2018 cyberattack linked to North Korea’s illicit nuclear missile and weapons development program. The new indictment, accompanied by sanctions and a civil forfeiture complaint seizing 113 cryptocurrency accounts filed in federal… Read More
27th February 2020
The European Union may target a Russian and a Chinese entity, as well as several individuals, with sanctions over cyber attacks, adding to signs of increasing alarm in the bloc over network security. Five diplomats familiar with the matter said talks on the proposed measures will begin as soon… Read More
20th February 2020
Turkey has until the end of the year to comply with European Union demands on tax transparency, or else risk being added to a list of countries that could face financial sanctions, according to Austrian Finance Minister Gernot Blüemel. The EU’s 27 finance ministers meeting in Brussels determined that Turkey… Read More
20th February 2020
Civil society organizations urged the participants of a conference on combating money laundering to insist on the establishment of a public register that would show who owns which company in which country. Representatives from 205 countries and jurisdictions are meeting this week in Paris to discuss global action that can… Read More
12th February 2020
PayPal Holdings Inc (PYPL.O) is teaming up with criminologists and experts at several universities to probe the payment systems used in the trafficking of illegal firearms in the United States, the company said on Tuesday. The research aims to help financial companies and law enforcement understand what types of… Read More
7th February 2020
The US and Singapore support allowing financial service suppliers to transfer data across borders and oppose generally applicable data localisation requirements. MAS (Monetary Authority of Singapore) and the US Treasury Department have issued a joint statement declaring their support for cross-border data transfers by financial services firms, and opposing… Read More
3rd February 2020
Another three people have been arrested in connection with last year’s €13 million Bank of Valletta cyber heist, after €950,000 was funneled through an account in Northern Ireland. Friday’s announcement by the UK’s National Crime Agency follows the arrest of three other men in Belfast and London earlier this week. Read More
28th January 2020
A professional soccer whistleblower has been named as the source behind a global exposé of the siphoning of Angolan wealth by Africa’s richest woman and her family. Led by the International Consortium of Investigative Journalists, Luanda Leaks reveals how Isabel dos Santos, amassed a fortune of more than $2… Read More
23rd January 2020
Belgium’s four major banks, Belfius, BNP Paribas Fortis, ING Belgium and KBC, will now use a blockchain to simplify their customer services, the Isabel Group announced on Wednesday. The four will use the Kube application, which will allow them to share businesses’ data between them and thus facilitate the verification… Read More
20th January 2020
The Canadian extradition proceedings of Huawei Technologies chief financial officer Meng Wanzhou hinge on allegations she made a fraudulent presentation to HSBC in 2013 over the technology giant’s business ties in Iran, but recently revealed documents show the bank had been aware of Huawei’s business relationships in the Middle Eastern… Read More