Featured USA

JPMorgan Chase Unit to Pay $250 Million Penalty Over Poor Internal Controls

A top banking regulator fined a JPMorgan Chase & Co. unit $250 million over deficiencies in internal controls and internal audit practices. JPMorgan Chase Bank N.A. entered into a resolution with the Office of the Comptroller of the Currency to pay the civil penalty, the company said in a… Read More

Rich Americans Are Increasingly Looking for Second Passports

Eric Schmidt acquired all the typical trappings of a mega-rich U.S. citizen: a superyacht, a Gulfstream jet, a Manhattan penthouse. One of his newest assets is far less conventional: a second passport. Alphabet Inc.’s former chief executive officer applied to become a citizen of Cyprus, according to an announcement… Read More

Computer hacker Conor Freeman faces US extradition hearing after $2m cryptocurrency theft

A Dublin hacker’s conviction for stealing more than $2 million in cryptocurrencies may affect a US request for his surrender, the High Court was told. Siobhán Ní Chúlacháin, BL, said that Conor Freeman was sentenced by Dublin circuit criminal court last week “arising out of similar circumstances” and this information… Read More
25th November 2020
Synthetic identity fraud, one of the fastest-growing financial crimes in the United States, has become an increasing concern for regulators, as banks struggle to find common ways of tackling the innovative theft technique that combines real and fictitious data about individuals. Estimates over the scale of the fraud vary, but nearly… Read More
25th November 2020
Coinfirm, blockchain analytics and anti-money laundering (AML) solutions provider has discovered that the US authorities have failed to identify millions of dollars worth of forked cryptos in criminal seizures over the past few years. In a published report, the company mentioned that missed funds may still be within the… Read More
24th November 2020
By Pierre Dupont, Roshanak Taghavi and Kira Zalan, OCCRP, 23 November 2020 OCCRP — The Bongo family has ruled Gabon for over five decades — and for nearly as long, they have been accused of looting their nation’s wealth. Authorities in France and the U.S. have over the years investigated… Read More
24th November 2020
Former Goldman Sachs Group Inc. banker Roger Ng asked for the foreign bribery case against him to be dismissed, saying he “warned” the bank not to do business with Malaysian financier Jho Low. Ng, who says he told Goldman that Low was “not to be trusted,” is facing trial… Read More
23rd November 2020
A Wall Street regulator appointed by President Donald Trump wants to force banks to finance unpopular businesses the industry has been known to shun — a list that includes oil companies, gun manufacturers and private prisons. Acting Comptroller of the Currency Brian Brooks on Friday proposed a rule that would… Read More
23rd November 2020
By Katie Jones, InSight Crime, 20 November 2020 InSight Crime — A recent string of high-profile interceptions targeting international drug trafficking operations have confirmed Guyana remains a crucial transit point for cocaine headed to the United States and across the Atlantic. InSight Crime looks at Guyana’s decisive role as a… Read More
23rd November 2020
The Trump administration intensified pressure Friday on Iraq and Iran by reducing the length of a sanctions waiver that allows Iraq to power its already overstretched energy grid. The Trump administration’s maximum-pressure campaign against Iran has left Iraq dependent on the rolling waivers, which exempt it from sanctions when it… Read More
23rd November 2020
Four alleged members of a sophisticated Vietnamese-Australian crime syndicate have been arrested after $123 million worth of liquid methamphetamine was found concealed in a shipment of mustard bottles. Border force officials intercepted a shipment of more than 1600 bottles of classic yellow mustard that arrived via air cargo from Chicago… Read More
23rd November 2020
Russia on Friday stopped a U.N. Security Council committee from blacklisting a Libyan militia group and its leader for human rights abuses because it said it wanted to see more evidence first that they had killed civilians. The United States and Germany proposed that the council’s… Read More
23rd November 2020
Mexico has committed to the arrest of a high-level cartel leader under a deal with U.S. Attorney General William Barr to drop U.S. drug trafficking charges against a former Mexican defense minister, a senior Mexican source told Reuters. The United States dropped the case against retired General Salvador Cienfuegos this… Read More