Trading

Reset Filter

Jurisdictions

Industry Sectors

Predicate Crimes

Enforcement

Regulatory Update

Featured Trading

Britain’s financial watchdog must act faster in fraud cases, says boss

Britain’s financial watchdog must act faster on scams, its chair said on Monday as he announced that senior officials face pay cuts and no bonuses following criticism of the regulator’s role in the collapse of London Capital & Finance (LCF) investment fund. Financial Conduct Authority (FCA) Chair Charles Randell said… Read More

Anti-corruption NGO slams ‘weak’ Swiss corporate crime laws

Too few Swiss companies are made to answer for corruption or money laundering offences, exposing gaps in current legislation, says the Swiss chapter of campaigning NGO Transparency International. The law was changed in Switzerland in 2003 to make firms criminally liable if they fail to take reasonable steps to prevent… Read More

Art, amulets and cryptokitties: the new frontier of cryptocurrencies

Pudding Daintytot is a pink cat, with hearts sprinkled over its chest, a rainbow cresting behind it, draconic horns, wings and a tail. “Born” in January 2019, Pudding is a “cryptokitty”: an example of what is known as a “non-fungible token”, the latest cryptocurrency craze –… Read More

18th February 2021

Austrian authorities allege ex-IDF intel officer ‘mastermind’ behind €200m scam

An Israeli man who founded a binary options trading platform has been named by Austrian authorities as one of the masterminds of a massive “pan-European” fraud scheme. Austria’s Ministry of the Interior, which oversees police and public security, has cited Israeli citizen Ilan Tzorya, founder of the binary options platform… Read More

5th February 2021

Australian man convicted in nearly $90M cryptocurrency scam

AP — An Australian man pleaded guilty Thursday to securities fraud for cheating investors of over $90 million by squandering money they spent on his cryptocurrency fund, prosecutors said. Stefan He Qin, 24, entered the plea to a single count of the fraud charge in Manhattan federal court. Authorities said… Read More

5th February 2021

Co-founder of IIG trade finance fund pleads guilty to Ponzi scheme

A managing partner and chief investment officer of New York-based trade finance lender International Investment Group (IIG) has pleaded guilty for his part in a Ponzi-like scheme to defraud funds and investors. According to a release from the US Department of Justice (DoJ), IIG co-founder David Hu accepted that over… Read More

2nd February 2021

U.K. bank chief Bailey ‘should be censured’ for failings, report finds

An apology by Andrew Bailey for the Financial Conduct Authority’s handling of the £237 million London Capital & Finance scandal was “not adequate” and the Bank of England and Treasury should consider censuring him, according to the author of an independent report into the affair. Dame Elizabeth Gloster, the former… Read More

20th January 2021

Thailand: B1.1bn in assets seized from Forex-3D boss

The Department of Special Investigation (DSI) and Anti-Money Laundering Office (Amlo) have seized assets worth over a billion baht from a man suspected of running a Ponzi scheme to defraud 8,437 people through his company, Forex-3D. Activist lawyer Ronnarong Kaewphet and the victims praised Justice Minister Somsak Thepsutin and Piyasiri… Read More

19th January 2021

More Traders Likely Face Charges in Danish Tax Investigations

Danish prosecutors who charged hedge-fund manager Sanjay Shah with running a $1.6 billion tax fraud say they’re looking at a “number of other suspects” in the case. Prosecutors said they’ll be in a position by March to decide whether to press charges against more members of a network that they… Read More

29th December 2020

US regulator alleges crypto fraud by Australian

The top US securities regulator has obtained an order imposing an asset freeze and other emergency relief against Virgil Capital LLC and its affiliated companies. The Securities and Exchange Commission said it took action “in connection with an alleged securities fraud relating to Virgil Capital’s flagship cryptocurrency trading fund, Virgil… Read More

17th December 2020

Central Bank of Ireland: Financial firms disregarding money-laundering rules

Financial firms are ignoring their legal responsibilities to prevent money laundering and the financing of terrorism and leaving oversight to unqualified staff, according to the Central Bank of Ireland (CBI). A supervisory review of compliance with anti-money laundering (AML) and counter financing of terrorism (CFT) regulations found that boards across… Read More

17th December 2020

Brazil pursues criminal probe of top Trafigura executives -sources

Brazilian investigators are pursuing the first criminal probe of current executives at commodities trading firm Trafigura on allegations they approved the bribery of employees at state-controlled oil producer Petrobras, according to three people familiar with the matter. The investigation has focused on two of the three top Trafigura here directors,… Read More

14th December 2020

Gold hubs including UAE pledge support for crackdown on illegal trade

Eleven gold trading hubs including the United Arab Emirates have declared their support for an initiative by the world’s most influential bullion market authority to improve regulation on issues such as money laundering and unethical sourcing of gold. The London Bullion Market Association (LBMA) said on Friday authorities in the… Read More

Must Read

Venezuela sent gold to Mali, UAE for cash, opposition claims

EU watchdog urges tighter rules to prevent another Wirecard scandal

Deloitte to Pay Malaysia $80 Million in 1MDB-Related Settlement

France’s Prudential Regulator Fines ING Bank €3 Million for AML Lapses

Cyprus to lift veil of secrecy with register of company owners