Industry Sectors
15th October 2021
Matis Mäeker, recently appointed head of Estonia’s anti-money laundering government agency believes Estonia should scrap its current crypto regulations and start again, he said in an interview with the local news outlet Eesti Ekspress. By Anna Baydakova, CoinDesk, 13 October 2021 Read more at CoinDesk RiskScreen:… Read More
14th October 2021
Police in China’s southwest region busted a group that was using cryptocurrencies to launder stolen money, which involved 800 million yuan (US$124 million), according to local media. Authorities in Zunyi, a city in China’s Guizhou province, were on the case for two months, following a directive from the State Council,… Read More
14th October 2021
Federal Investigation Agency (FIA) on Tuesday traced those involved in hoarding of $163 million in a structured manner. In an attempt to curb rising dollar rate against local currency, the FIA launched a crackdown against those involved in hoarding of dollars. The traders of hawala/hundi have also come under the… Read More
14th October 2021
The U.S. Department of Justice (DOJ) announced Tuesday that the owners of a cryptocurrency company have pleaded guilty to tax evasion. Bitqyck founders Bruce Bise and Samuel Mendez were charged with tax evasion in August. Bise pleaded guilty on Sept. 9 and Mendez pleaded guilty Tuesday morning. By Kevin Helms,… Read More
14th October 2021
By Maria Fernanda Ramirez, InSight Crime, 12 October 2021 InSight Crime — Six years after investigators in Peru took down a massive timber trafficking operation that shipped millions of dollars’ worth of illegal hardwood, more than 90 people have been indicted and a US importer has been… Read More
13th October 2021
The UAE is developing a new law that will further regulate fundraising and donations for charity in the country to tackle money laundering. The legislation – or the ‘Fundraising Regulatory Law’ – will apply to non-government organizations soliciting funds in the country, according to a senior government official. By Jennifer… Read More
13th October 2021
Anti-money laundering agency Austrac has obtained internal reports from The Star that reveal how the listed gaming giant failed to confront money laundering and terrorist financing risks in its Sydney and Queensland casinos. The move to compel The Star to hand over the confidential documents, including some prepared for the… Read More
13th October 2021
Iraq says it has captured the jihadist group Islamic State’s financial chief in an operation outside its borders. Sami Jasim al-Jaburi was arrested in a “complex external operation” by the Iraqi National Intelligence Service, Prime Minister Mustafa al-Kadhimi tweeted, without specifying a location. He added that Mr Jasim, also known… Read More
12th October 2021
Money laundering finds many avenues. Money gained from illicit activities by terrorists, drug lords, arms dealers and other criminals is washed through car sales, yacht purchases, jewelry and art acquisitions, and deposits in banks that — wink, wink — look the other way, even in sports betting. But perhaps nowhere… Read More
12th October 2021
If you are surprised by the Pandora papers, and their revelations of greed and murk in the private affairs of the super-rich and super-powerful, you are not paying attention. Previous P-themed tranches of documents — Panama (2016) and Paradise (2017) — showed just the same thing. Campaigners huffed, politicians puffed. Read More