20th January 2021
Seven former and current bank employees have been arrested in Hong Kong as part of a major operation against a US$810 million international money-laundering syndicate, police said Wednesday. “It’s the largest case we have busted in recent years,” said Yip Wing-lam, a superintendent at the commercial crime bureau, adding it… Read More
20th January 2021
Swiss authorities have opened an investigation into money transfers by Lebanon’s Central Bank Governor Riad Salameh, a Lebanese government official told Reuters on Tuesday. Salameh denied any wrongdoing. “Both the prime minister and the president are in the loop” on the inquiry which is also looking into Salameh’s brother and… Read More
20th January 2021
The United States on Tuesday imposed sanctions on a ship involved in building the Nord Stream 2 pipeline to take Russian natural gas to Europe, as the Trump administration sought to raise pressure on the project on its last full day in office. The U.S. Treasury Department said it imposed… Read More
20th January 2021
The Kuwaiti government has kept six gold companies under close scrutiny on suspicion of money laundering, after their businesses ballooned in the last three years, local media reported. Official sources told Al Rai newspaper that the Trade Ministery, during its audit of activities, discovered that there were gold companies that… Read More
20th January 2021
By Sadie Brown, OCCRP, 19 January 2021 OCCRP — An Indonesia-based global cigarette paper supplier agreed to pay nearly US$2.6 million in fines for conspiracy to commit bank fraud and violating U.S. sanctions on North Korea, according to official statements. PT Bukit Muria Jaya (BMJ) admitted to… Read More
20th January 2021
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
20th January 2021
The latest KPMG Fraud Barometer reveals one case of alleged fraud, valued at more than £100,000, in the past 12 months. In comparison, Scottish fraud cases in 2019 were valued at more than £15.6 million. The country’s only high-profile fraud case involved a Crown Office worker who was in charge… Read More
20th January 2021
The United States is no longer seeking the surrender of a Dublin computer hacker for the theft of over $2 million in bitcoin and other cryptocurrencies after his conviction here, the High Court was told. Conor Freeman is no longer facing a maximum possible sentence of… Read More
20th January 2021
On Friday, CBS Los Angeles ran a story about a class action lawsuit that alleges Bank of America did not do enough to protect its California Employment Development Department customers from fraud. Within moments of that story running, dozens of unemployed Californians reached out to Kristine… Read More
19th January 2021
By Robert Mazur What took the Drug Enforcement Administration’s Special Operations Division years to build was destroyed with a wink and a nod from Mexican prosecutors and politicians. They conducted an “intense review” of the evidence U.S. prosecutors had gathered that strongly implicated Gen. Salvador Cienfuegos Zepeda, Mexico’s minister of… Read More