1st January 2021
Scots are being warned over scam covid messages that are being sent out asking people to book the virus vaccine with a bank card. The cruel fraudsters behind the scam are looking to profit from the coronavirus crisis, by preying on those hoping to receive the vaccine when it… Read More
30th December 2020
Initially, a Miami family’s crime appeared to be just illegal cockfighting. But after scratching the surface, Miami-Dade police found out it was a lot more serious. Soon the feds got involved. “When MDPD arrived at the Rodriguez family home, they found evidence that made plain the home also doubled as… Read More
28th December 2020
Minting millions of shillings from sale of smuggled cars in Nairobi is now as easy as buying candy on the streets. All it takes is a communion of crooked car dealers, conniving State agents and cross-border criminal networks with tentacles in prison and voila! a thriving empire is born. This… Read More
25th December 2020
Fraud prevention organisation Cifas said fraudsters were sharing tips and getting more sophisticated in their attempts to steal money. Cases of a particular scam targeting shoppers, which often spikes at Christmas, have tripled this year. Criminals harvest personal information then buy items in someone else’s name. Dark tips The so-called… Read More
23rd December 2020
President Trump’s longtime banker at Deutsche Bank, who arranged for the German lender to make hundreds of millions of dollars of loans to his company, is stepping down from the bank. Rosemary Vrablic, a managing director and senior banker in Deutsche Bank’s wealth management division, recently handed in… Read More
18th December 2020
The United Kingdom’s Financial Conduct Authority has issued temporary registrations to crypto-asset companies that have already submitted applications but not yet been processed. According to a Dec. 16 announcement, this will allow the companies to continue trading for an extended period until July 9, 2021, following the initial registration… Read More
11th December 2020
The Hong Kong neighborhood of Wan Chai may be home to the most eclectic and densest concentration of US-sanctioned enterprises anywhere on the planet. In less space than a square mile, you’ve got offices tied to: an alleged financier for Hezbollah, the Lebanese militant group; an individual accused… Read More
4th December 2020
Europe’s newly established body to fight financial crime warned that the deadlock in approving the European Union’s next budget was threatening its ability to investigate crimes in the way EU funds are spent. The European Public Prosecutor’s Office (EPPO) will have to work with just its actual 65 staff –… Read More
4th December 2020
Absa has notified customers of a data breach potentially compromising their personal information. The Johannesburg, South Africa-based financial services group, which provides personal and business banking as well as wealth management services, has pointed the finger at an employee for the security incident. Absa maintains a presence in 12 countries… Read More
3rd December 2020
Pawnbrokers, payday lenders and other non-bank reporting entities have been urged to review their financial crime controls, as the Australian Transaction Reports and Analysis Centre (AUSTRAC) broadens its supervision and enforcement crackdown. The country’s largest payday lender, listed pawnbroker Cash Converters, is the latest reporting entity to be referred to AUSTRAC’s enforcement… Read More