Industry Sectors

Featured Industry Sectors

Embracing technology and innovation in Compliance and Risk Management – A Perspective from MAS

T. S. Elliot’s words from 1934 continue to ring true, in the current age of innovation and big data. We are collecting much more data – the foundation of any decision making, because of improving technologies, changing business needs, to satisfy regulatory requirements and to enhance risk management capabilities in… Read More

Chinese Police Make First Arrest For CBDC Money Laundering

Chinese officials have arrested members of a criminal group charged with alleged money laundering using the country’s CBDC, the digital yuan. The news implies the Chinese government and law enforcement will have greater control and oversight over financial activities in the country with its CBDC. By Tim Fries, The… Read More

Twitch money laundering scheme leads to politician calling for investigation

As part of the Twitch data breach, a prominent money laundering scheme on the platform has been exposed – with one Turkish politician calling for it to be investigated “immediately”. By Andy Brown, NME, 4 November 2021 Read more at NME RiskScreen: Eliminating Financial Crime with Smart Technology… Read More
4th November 2021
In the months after one of Pioneer Bank’s biggest business customers admitted to a $101 million bank fraud scheme, federal regulators found the bank’s anti-money laundering controls to be “fundamentally and materially deficient,” according to allegations made in a filing made last month in federal court. By Larry Rulison, Times… Read More
4th November 2021
A money-laundering trial in Germany is shining a light on the purchase of a luxury London penthouse by cryptocurrency scammer Dr Ruja Ignatova. Jamie Bartlett and Rob Byrne of The Missing Cryptoqueen podcast explain how she used British-based lawyers and wealth managers – who continued to offer their services after… Read More
3rd November 2021
One of the most sweeping state-run “troll” operations was taken down this week after researchers uncovered hundreds of accounts linked to the Nicaraguan government that were focused on slandering its political opposition, Facebook announced on Monday. By Charles Davis, Business Insider, 1 November 2021 Read more at Business Insider… Read More
3rd November 2021
Climate change presents the most existential threat to people and nature today. The increasing frequency of extreme storms, floods, droughts and wildfires are bleak warnings of what we face if the global community does not act now. Climate change also presents a severe threat to livelihoods and economies. It is… 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
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
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
Petrofac, the London-listed oil group, will this week unveil plans to tap shareholders in a £180m fundraising that will be used in part to pay a Serious Fraud Office (SFO) fine for bribery offences. By Mark Kleinman, Sky News, 25 October 2021 Read more at Sky News… Read More
27th October 2021
Police forces across the world have arrested 150 alleged suspects involved in buying or selling illicit goods on the dark web as part of a coordinated international operation involving nine countries. More than €26.7 million (USD 31 million) in cash and virtual currencies have been seized in this operation, as… Read More
27th October 2021
The chief financial officer of Vista Equity Partners may testify at a hearing in the largest tax-evasion case ever brought in the U.S. against an individual, a prosecutor said Monday. The case involves billionaire Robert Brockman, a former Houston software executive accused of evading taxes on $2… Read More