Industry Sectors
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
India’s Enforcement Directorate, a government agency that fights financial crime, searched Harsh Mander’s premises on Thursday. Officials said they were investigating a money laundering case against him. Read more at BBC Photo: Adam Jones from Kelowna, BC, Canada [CC BY-SA 2.0], via Wikimedia Commons RiskScreen:… Read More
16th September 2021
German lawmakers will question Finance Minister Olaf Scholz over suspected failings at the government anti-money laundering agency next Monday, only days before a federal election which his party is projected to win. Scholz will answer questions at a special meeting of the lower house of parliament’s finance committee on Sept. Read More
16th September 2021
Swiss bank Mirabaud & Cie. is being asked by a powerful U.S. lawmaker whether it told the Internal Revenue Service about a businessman’s accounts that are now part of America’s biggest individual tax-evasion case. Senator Ron Wyden, chairman of the Senate Finance Committee, asked in a letter whether Mirabaud told… Read More
16th September 2021
Treasury Secretary Janet L. Yellen is pressing Representative Richard Neal, the Democratic chairman of the Ways and Means Committee, to include the Biden administration’s full proposal for bolstering the Internal Revenue Service in its $3.5 trillion spending package, arguing that more resources and greater powers to catch tax evaders are… Read More
16th September 2021
The taxman will investigate 250 high-earning social media “influencers” to check whether they have been paying their taxes, as the government looks to cash in on the exponential growth of the digital economy amid the pandemic. Letters of authority (LOA) for the conduct of a probe have been sent to… Read More
16th September 2021
By Henry Pope, OCCRP, 15 September 2021 OCCRP — In a blow to organized crime groups profiting off of illegal gambling networks, Interpol aided police raids across Asia and Europe, which seized US$7.9 million in cash and arrested approximately 1,400 suspects, the organization reported on Tuesday. Read More
15th September 2021
A unit in Afghanistan’s central bank leading a 15-year effort to counter illicit funding flows has halted operations, four staff members said, threatening to hasten the country’s slide out of the global financial system. Since 2006, the Financial Transactions and Reports Analysis Center of Afghanistan (FinTRACA) has gathered intelligence on… Read More
15th September 2021
When Anthony Stimler left Glencore Plc in August 2019, he had two big secrets: For a dozen years, he’d paid millions in bribes to African officials and intermediaries. And he was now helping a U.S. Justice Department investigation into the company and numerous former colleagues. Corruption isn’t exactly unheard… Read More
15th September 2021
Australia reported on Wednesday a 13% jump in cyber crime in the past year, with about one incident in four targeting critical infrastructure and services as working from home during the pandemic made more people vulnerable to online attacks. The Australian Cyber Security Centre (ACSC) received one cybercrime report every… Read More