Predicate Crimes
21st September 2021
More than 100 people have been arrested in Spain and Italy following a joint investigation into money laundering. The sting targeted an Italian mafia gang on the Spanish island of Tenerife, who are accused of laundering more than €10 million. The group is alleged to have made its money through… Read More
20th September 2021
U.S. President Joe Biden signed an executive order authorizing sanctions against those prolonging conflict in northern Ethiopia, adding pressure on parties to end the civil war. The Department of Treasury can now go after several targets, including those in the Ethiopian and Eritrean governments as well as in the Tigray… Read More
20th September 2021
After multiple directives, several high-profile money laundering scandals, and numerous policy papers, the evidence is clear – money laundering remains an undiminished threat within the EU. The European Commission summarises the consequences as follows: criminals and terrorists have a sustained means to jeopardise public security, the incidence of money laundering… Read More
20th September 2021
The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and terrorism financing, it said in a report published on Sunday. The use of unlicensed money service providers for money laundering has increased during the coronavirus crisis last year, the… Read More
20th September 2021
Amazon.com Inc. stressed it has zero tolerance for graft and will investigate all allegations of corruption fully, responding to a report by an Indian news outlet that the U.S. e-commerce giant has begun an internal investigation into claims of bribery. The U.S. company started a probe into its legal representatives’… Read More
20th September 2021
AP — A Rogersville man was sentenced Friday to five years in federal prison for running a boat building scheme that defrauded customers out of more than $4 million. Michael Michael David Dismer, 53, was sentenced for tax evasion for failing to pay more than $768,000 in state and… Read More
19th September 2021
By Isabella Chase, RUSI, 16 September 2021 RUSI — Since July 2019, the UK government and private sector partners have been on a mission to upgrade the UK’s response to economic crime. This mission has been guided by the Economic Crime Plan, which lists 52 actions for how… Read More
19th September 2021
Ransomware, malicious software that encrypts computers and keeps them “locked” until a ransom is paid, is the world’s fastest-growing cyber threat, according to Coinfirm. Recent attacks on critical national infrastructure, like the Colonial Pipeline incursion that crippled oil and gas deliveries for a week along the U.S. East Coast, have… Read More
19th September 2021
Four ex-Volkswagen AG managers stood trial in Germany accused of fraud for their part in the diesel-rigging scandal that cost the company billions and tarnished its reputation. The trial — starting six years after the scandal broke — is the first criminal case to target executives at VW’s German… Read More
19th September 2021
South Africa’s top court ruled on Friday that former president Jacob Zuma had failed in his bid to have his 15-month jail sentence for failing to attend a corruption inquiry overturned. The sentence was handed down after Zuma failed to testify at an inquiry probing corruption during his 9-year rule,… Read More