25th August 2020
The UK Financial Conduct Authority (FCA) is seeking input on a plan that would impose new annual reporting requirements on electronic money institutions, cryptoasset exchange providers and other firms. In a consultation paper published on Monday, the authority said the businesses would be required to submit Annual Financial Crime Reports irrespective… Read More
24th August 2020
After the recent arrest of a Chinese businessman by the Income Tax authorities for money laundering, the Himachal Pradesh Police said it is also conducting investigations as “possible links” have emerged in the State. The businessman at the centre of the scam, identified as Charlie Peng, 43, alias Luo… Read More
21st August 2020
Former Trump adviser Steve Bannon has been arrested and charged with fraud over a fundraising campaign to build a wall on the US-Mexico border. Mr Bannon and three others defrauded hundreds of thousands of donors in connection with the “We Build the Wall” campaign, which raised $25m (£19m), the… Read More
13th August 2020
AP — Pakistan’s information minister said Wednesday he hoped that five new bills passed in Parliament aimed at curbing terror financing and money laundering will lead to the country’s removal from an international watch list. Shibli Faraz commented hours after the National Assembly, the powerful lower house of Parliament, passed… Read More
12th August 2020
The former head of Mexico’s state-oil company Petróleos Mexicanos accused former president Enrique Peña Nieto and his former finance minister of instructing him to funnel millions of dollars in bribes to the 2012 presidential campaign, part of Mexico’s highest-profile corruption probe in decades, the country’s Attorney General said Tuesday. Emilio… Read More
10th August 2020
Singapore police brought their first criminal charges against an individual linked to the suspected fraud at Wirecard AG, the one-time German technology star that collapsed at the end of June after admitting more than $2 billion of cash on its balance sheet was fake. The city-state’s white collar… Read More
7th August 2020
The U.S. designation last week of a new Turkey-based member of the notorious Rawi Network for allegedly facilitating money transfers to the Islamic State (IS) in Syria has raised fresh concerns among observers that jihadists continue to use Turkey to fund their activities in Syria. The Rawi Network, founded by… Read More
4th August 2020
The German body in charge of regulating auditors is examining the work of EY, the auditor that approved the books of collapsed payment services firm Wirecard, the German Economy Ministry said on Monday. The ministry said Auditors’ Regulator (Apas) had upgraded a preliminary investigation that had been running since October… Read More
3rd August 2020
Wirecard processed transactions for a Malta-based online casino that was later found to have laundered funds for the ’Ndrangheta mafia organisation, the Financial Times reported Monday. Italian courts determined that the gaming company, Malta-based CenturionBet, was used by an arm of the ’Ndrangheta to launder millions of euros in criminal… Read More
3rd August 2020
Abandoned offices generally leave telltale clues about their previous occupants. But not Unit 2, 110 Mandeville St, in the Christchurch suburb of Riccarton, wedged between counselling rooms and a private education business. Peering through the locked glass door of the office reveals emptiness framed by a swathe of bare carpet… Read More