Enforcement
25th August 2021
Weak cooperation between U.S. and Chinese authorities is hindering efforts to curb increasingly sophisticated forms of fentanyl trafficking, according to a U.S. congressional advisory report reviewed by Reuters. The report by the U.S.-China Economic and Security Review Commission, due to be published on Tuesday, said U.S. authorities have found that… Read More
24th August 2021
A once high-flying Perth multi-millionaire tech mogul will be extradited to the United States to face fraud charges relating to an alleged $130 million texting scam – one of the biggest telecom scams in American history. Eugeni “Zhenya” Tsvetnenko has been held almost three years in a West Australian jail… Read More
24th August 2021
Global fines for failures related to money laundering at banks and financial services firms were five times higher last year than in 2019 as regulators took a harder line over breaches. Total enforcement fines linked with efforts to combat money laundering reached $2.2 billion in 2020, up from $444… Read More
24th August 2021
The son of Mozambique’s ex-president and 18 others have gone on trial over the $2bn (£1.5bn) “tuna bonds” affair. Ndambi Guebuza, son of former President Armando Guebuza, and the others face charges of blackmail, embezzlement and money laundering. They have not yet commented on the charges. Mozambique’s biggest corruption scandal… Read More
23rd August 2021
A Utah man who touted a revolutionary new smartphone for several years but failed to produce one, has been charged by the US Attorney’s office in Utah with securities fraud. a new filing shows. Chad Leon Sayers solicited approximately 300 investors to invest $10 million in Saygus, promising “imminent billion-dollar… Read More
23rd August 2021
Japanese cryptocurrency exchange Liquid said Thursday it has been hit by a cyberattack that saw hackers make off with a reported $97 million worth of digital coins. Liquid said some of its digital currency wallets had been “compromised,” and that hackers were transferring the assets to four different wallets. “We… Read More
23rd August 2021
Dubai has formed a specialist court that will focus on fighting money laundering and other financial crimes, as the emirate seeks to strengthen the integrity of its financial system and support nationwide efforts to clamp down on money laundering. The new entity will be set up within the Court of… Read More
20th August 2021
Penalties imposed on global finance companies for breaching anti-money laundering rules almost halved in the first six months of 2021 as compared to the same period in 2020. Penalties for non-compliance with AML and know-your-customer regulations dropped 40% in the first half of 2021 to total around $930m globally, according… Read More
20th August 2021
One of Italy’s most wanted men, an alleged top drug trafficker suspected of having bought two stolen Van Gogh paintings on the black market, has been arrested in Dubai. Raffaele Imperiale, an alleged kingpin in the Naples-based Camorra organised crime syndicate, was arrested on 4 August, Italy’s state police… Read More
20th August 2021
Spain is a second home to many criminal groups, in particular the Italian mafia. The recent arrests of two mafia bosses highlight this trend. At the beginning of August, Domenico Paviglianiti, a high-ranking member of the ‘Ndrangheta mafia group, was arrested in Madrid, where he had been hiding after… Read More