Predicate Crimes
29th September 2021
The North East Regional Economic Crime Team (RECU) is warning students not to fall victim to criminals looking to launder their ill-gotten gains. Unscrupulous criminals will often target students in particular to give them access to their bank account. The criminal then deposits money in it in return for… Read More
29th September 2021
Online technology companies in the Coalition to End Wildlife Trafficking Online reported removing or blocking over 11.6 million listings for endangered species and associated products from their online platforms to date. These listings included live tigers, reptiles, primates and birds for the exotic pet trade, as well as products… Read More
28th September 2021
Human trafficking is now one of the biggest concerns for compliance professionals across the globe, according to the latest annual anti-money laundering study from BAE Systems: The State of Anti-Money Laundering 2021. According to the latest data, over three quarters (77 per cent) of compliance professionals admit they are not confident… Read More
28th September 2021
Labour will set up a taskforce into “dirty money and ill-gotten gains” that have been laundered in the City of London, Lisa Nandy has announced. The shadow foreign secretary told the Labour party conference this morning that the Taskforce on Illicit Finance will aim to make the UK “the most… Read More
26th September 2021
Brazilian authorities are investigating whether JPMorgan Chase & Co played a role in an alleged bribery and money laundering scheme that dated back to 2011 and involved state-run oil company Petrobras, according to documents reviewed by Reuters and two law enforcement sources. So far, police have focused their attention on… Read More
26th September 2021
The former boss of a defunct Zurich private bank that was mired in the multibillion-dollar 1MDB scandal faces a trial next week accused of money laundering for a Gulf businessman convicted in the affair. Eduardo Leemann, who denies any wrongdoing, is set to appear at Switzerland’s Federal Criminal Court… Read More
26th September 2021
The Biden administration imposed sanctions Wednesday on eight members of the notorious Mexican Sinaloa cartel, largely recognized as the most powerful drug trafficking organization in the Western Hemisphere. The Treasury Department designated Sergio Valenzuela Valenzuela, 52, for his role overseeing a major drug trafficking corridor where “multi-ton quantities of illicit… Read More
26th September 2021
The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country. The People’s Bank of China (PBoC) officially announced on Friday a set of new measures to fight against crypto adoption… Read More
23rd September 2021
By Damiir Beslija, OCCRP, 23 September 2021 OCCRP — The Department of Justice last week announced criminal charges against 138 doctors, nurses and licenced medical professionals for their alleged involvement in fraud schemes worth around US$1.4 billion. Authorities accused 43… Read More
23rd September 2021
Following the fall of the elected Afghan government and rise of the Taliban in its place, many speculated that the group had or may turn to cryptocurrencies as a way to finance its operations. As part of our compliance program, Coinbase tracks these types of transactions and often… Read More