Banking
26th August 2021
Hong Kong customs officers have broken up a money-laundering ring accused of smuggling nearly HK$170 million (US$21.8 million) in criminal proceeds out of the city over three months via the world’s longest sea crossing, arresting five people in the first crackdown of its kind. Couriers were hired to take the… Read More
26th August 2021
Opponents of the Belarus government said they have pulled off an audacious hack that has compromised dozens of police and interior ministry databases as part of a broad effort to overthrow President Alexander Lukashenko’s regime. The Belarusian Cyber Partisans, as the hackers call themselves, have in recent weeks released portions of a huge… Read More
25th August 2021
Central American countries are eagerly waiting to see if El Salvador’s adoption of bitcoin as parallel legal tender cuts the cost of remittances, an important source of income for millions of people, the region’s development bank said. President Nayib Bukele’s congressional allies have already approved legislation giving the cryptocurrency official… Read More
25th August 2021
Boris Johnson has said that billions of pounds in Afghan assets could be unfrozen if the Taliban allows migrants to flee the country safely. The prime minister said that western countries had “huge leverage” to persuade the Taliban to keep routes out of the country open beyond the final… Read More
25th August 2021
Amid the Biden administration’s crackdown on corruption worldwide, the Treasury sanctioned a money laundering network operating in the tri-border area of Argentina, Brazil and Paraguay. The federal department sanctioned Kassem Mohamad Hijazi and two of his partners, Khalil Ahmad Hijazi and Liz Paola Doldan Gonzalez, along with five of their… Read More
25th August 2021
Even as top soccer officials were still being arrested as part of a sprawling corruption investigation in 2015, lawyers for the sport’s global governing body and U.S. prosecutors began to embrace an intriguing premise: The soccer organization, FIFA, and its affiliates were not only the hosts of the scheme, the… Read More
25th August 2021
In the near future, the Biden administration will reveal a much-needed review of the United States’ broader sanctions policy. A comprehensive review is long overdue, not least because certain sanctions policies in places like North Korea and Iran have been in place for decades. And sanctions regimes have only expanded… Read More
25th August 2021
A Belfast man is to stand trial in connection with an alleged multimillion-pound banking fraud, a judge ordered on Monday. Ciaran Brendan Barr is accused of multiple offences against his former employer Santander. The 39-year-old, of Mount Eagles Close in Dunmurry, appeared at Belfast Magistrates Court for a preliminary enquiry… Read More
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
Cryptocurrency platform Poly Network said on Monday that almost all of the $610 million stolen this month in one of the biggest crypto heists had now been returned by the unknown person or persons behind the attack. In a Twitter post, Poly Network said it had regained control of all… Read More