14th January 2021
Police have recovered more than £5m from three fake companies that offered live-streamed exotic dancers as a guise to launder cash. The Manchester-based firms laundered more than $60m (£44m) over 12 months through fake pay-per-view adult entertainment websites. A judge agreed they should forfeit £5.8m, which is the largest amount… Read More
14th January 2021
The work-from-home phenomenon has triggered a fresh frustration for U.S. corporations: Americans are blowing the whistle on their employers like never before. The proof is in the data, with the U.S. Securities and Exchange Commission receiving 6,900 tips alleging white-collar malfeasance in the fiscal year that ended Sept. 30, a… Read More
14th January 2021
Two Iranian nationals living in Ontario have been arrested for allegedly conspiring to export products to Iran in violation of sanctions, the U.S. Justice Department said Tuesday. Ameni Yousefi Jam, 33, was arrested in Canada and was scheduled to appear in court in Toronto on Wednesday for extradition proceedings. Meanwhile,… Read More
13th January 2021
Commerzbank warned Germany’s financial watchdog in early 2020 of money laundering risks at Wirecard following the conclusion of an interview review launched the previous year, the Financial Times reported Tuesday. The review, which had been launched by the German lender in the wake of media reports… Read More
13th January 2021
Financial intelligence units (FIUs) must ramp up their efforts to combat wildlife crime through partnerships with supervisory bodies and law enforcement agencies, the Egmont Group said in report published Tuesday. The report calls on the group’s member-states to include wildlife crime in their national risk assessments, analyse suspicious transaction reports… Read More
13th January 2021
The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, two sources said on Tuesday. “We… Read More
13th January 2021
Australian banks continued to punch above their weight in 2020, racking up the second-highest total of fines from regulators by value after the United States. A survey of fines handed out to banks over the 12 months has placed US banks at the top of the pile for infringements, accounting… Read More
13th January 2021
The last-minute trade deal between the U.K. and European Union has helped stave off a potentially turbulent disruption in key law enforcement and security priorities between the two sides. The U.K.’s departure from the EU means the country has lost access to certain law enforcement tools… Read More
13th January 2021
Deutsche Bank AG and Signature Bank, two of Donald Trump’s favored lenders, are pulling away from the billionaire president in the wake of last week’s deadly riot at the U.S. Capitol. The German lender has decided not to conduct any further business with Trump and his… Read More
13th January 2021
Latvia’s State Police have arrested property and finances worth EUR 4.5 million in a criminal process regarding money laundering disguised as flower business, Latvian State Police report. In 2019 State Police Economic Crimes Enforcement Unit’s officials uncovered an organized group the members of which had been engaged in large-scale money… Read More