20th November 2020
The pursuit of a man suspected of masterminding a multimillion-dollar pyramid scheme fraud came to an abrupt and unusual halt on the shores of an icy lake in northern California. Reaching the water’s edge before the FBI agents who were chasing him, Matthew Piercey hauled what prosecutors later called “an… Read More
20th November 2020
Crown Resorts cannot be trusted to hold the gaming licence for its new Sydney casino because it continually resisted warning signs money laundering was occurring at its Melbourne and Perth venues and had to be “led by the nose” to the “obvious” and “irresistible” realisation, an inquiry has heard. The… Read More
20th November 2020
A Pakistani court on Thursday sentenced Islamist leader Hafiz Saeed, founder of Lashkar-e-Taiba (LeT), the militant group blamed by the United States and India for the 2008 Mumbai siege, to 10 years in prison on two charges of terrorism financing, his lawyer said. The sentences for the two charges –… Read More
20th November 2020
Mrs Yang* had dreamt of visiting the Parthenon ever since she studied Greek mythology at school, so when a real estate agent in her home country of China approached her with an investment opportunity – a three-bedroom apartment overlooking the Acropolis and Syntagma Square, in the centre of Athens –… Read More
20th November 2020
Australia’s longest-running bribery investigation came to a head on Wednesday with the arrest in Queensland of a former senior executive from construction giant Leighton Holdings over his alleged involvement in a $1 billion international graft scandal. The charging of Russell Waugh comes after two Monaco-based brothers turned police supergrasses… Read More
20th November 2020
A controversial millionaire pastor has turned himself in to police after South Africa issued a warrant of arrest against him for skipping bail and fleeing home to Malawi. Shepherd Bushiri and his wife, Mary, are facing charges of money laundering and fraud in South Africa. On Saturday he told his… Read More
19th November 2020
The UK’s National Crime Agency (NCA) is calling for additional reforms to the country’s system for reporting suspicious transactions in an effort to scale back the volume of defensive filings it receives, the Financial Times reported Thursday. Although the Home Office has launched a “transformation programme” aimed at overhauling… Read More
19th November 2020
It isn’t much fun these days being Prince Andrew, eighth in line to the British throne. Last year he was grounded by his mother, the queen, after a disastrous TV interview about his links to the late money manager and convicted pedophile Jeffrey Epstein. The prince rarely leaves… Read More
19th November 2020
Criminals are laundering illegally obtained funds meant for Covid-19 relief through the most popular apps for legally sending and receiving money, law enforcement officials say. Cash App, Venmo, Zelle and PayPal have become portals to easily move money, making transactions more difficult to trace. “I’ve never seen, in my 28… Read More
19th November 2020
The United States on Wednesday imposed broad sanctions targeting Iran, blacklisting a foundation controlled by Supreme Leader Ayatollah Ali Khamenei and taking aim at what Washington called Iran’s human rights abuses a year after a deadly crackdown on anti-government demonstrators. The sanctions announced by the U.S. Treasury Department, which also… Read More