Predicate Crimes
2nd November 2021
Prosecutions of company directors for fraud tripled over the past year amid a crackdown on coronavirus loan scams. Research published today found that 122 company directors were convicted of crimes during the year to the end of September — a rise from 40 during the previous 12 months. The conviction… Read More
2nd November 2021
Accountants, lawyers and real estate agents should be subject to tougher legislation to stop them being exploited by criminals looking to launder illegally obtained funds, the Australian Federal Police says. Read more at AUSTRALIAN FINANCIAL REVIEW… Read More
1st November 2021
– UAE intensifies efforts to combat money laundering and terrorism financing crimes, and strengthen deterrent penalties for perpetrators – UAE extends strong support for global efforts to combat money laundering crimes in compliance with the standards of the International Financial Action Task Force – Counselor Ismail Ali Madani: “Unifying the… Read More
1st November 2021
NatWest has shrugged off a looming fine for money laundering failings to report a jump in third-quarter profits. Pre-tax operating profits at the high street lender leapt to almost £1.1 billion from £355 million a year earlier, far surpassing the £677 million that had been expected by City analysts. Read… Read More
1st November 2021
At least six institutions operating in the island’s financial sector have been flagged by the Financial Investigations Division (FID), as they are not in compliance with the law and their operations “may be used to facilitate money laundering”. According to FID’s principal director, Keith Darien, “… We believe that a… Read More
28th October 2021
A citizen of the People’s Republic of China reported average annual earnings of $40,615 to Canadian border agents yet went on to buy $32 million worth of Vancouver real estate after moving $114 million from Hong Kong-based depositors with connections to organized crime and the Chinese Communist Party, a case… Read More
28th October 2021
An “unprecedented” and co-ordinated cyber-attack has struck multiple UK-based providers of voice over internet protocol (VoIP) services, according to an industry body. Industry body Comms Council UK said several of its members had been targeted by distributed denial of service (DDoS) attacks in recent weeks. Read more at BBC… Read More
28th October 2021
By Garbrielle Gorder, InSight Crime, 27 October 2021 InSight Crime — A yacht, found off the coast of Portugal with the country’s largest-ever haul of cocaine, illustrates how these smaller, private vessels have become a favored modus operandi to move cocaine between Latin America and lucrative European… Read More
28th October 2021
A boy who set up a fake website as part of a “sophisticated cyber fraud” has had more than £2m of cryptocurrency seized by police. The 17-year-old, who cannot be named for legal reasons, used it to dupe users of a digital gift voucher site into entering their personal details. Read More
27th October 2021
Facebook has for years struggled to crack down on content related to what it calls domestic servitude: “a form of trafficking of people for the purpose of working inside private homes through the use of force, fraud, coercion or deception,” according to internal Facebook documents reviewed by… Read More