News Filter
2nd November 2021
ABU DHABI, 31th October, 2021 (WAM) — The UAE Federal Authority for Identity, Citizenship, Customs & Port Security recently partnered with the United Kingdom’s National Economic Crime Centre (NECC) to run an exercise designed to combat the smuggling of significant volumes of cash and gold from UK airports. Read more… Read More
2nd November 2021
Prosecutions of company directors for fraud tripled over the past year amid a crackdown on coronavirus loan scams. Research published today found that 122 company directors were convicted of crimes during the year to the end of September — a rise from 40 during the previous 12 months. The conviction… Read More
2nd November 2021
Accountants, lawyers and real estate agents should be subject to tougher legislation to stop them being exploited by criminals looking to launder illegally obtained funds, the Australian Federal Police says. Read more at AUSTRALIAN FINANCIAL REVIEW… Read More
1st November 2021
– UAE intensifies efforts to combat money laundering and terrorism financing crimes, and strengthen deterrent penalties for perpetrators – UAE extends strong support for global efforts to combat money laundering crimes in compliance with the standards of the International Financial Action Task Force – Counselor Ismail Ali Madani: “Unifying the… 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
1st November 2021
In what would rank as one of the most expensive sales in the history of NFTs, a CryptoPunk NFT has just been sold for over $500 million, though analysts have begun to raise questions about the legitimacy of the sale. According to the CryptoPunk sales feed, the said NFT CryptoPunk #9998 was sold… Read More
1st November 2021
At least six institutions operating in the island’s financial sector have been flagged by the Financial Investigations Division (FID), as they are not in compliance with the law and their operations “may be used to facilitate money laundering”. According to FID’s principal director, Keith Darien, “… We believe that a… 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
An “unprecedented” and co-ordinated cyber-attack has struck multiple UK-based providers of voice over internet protocol (VoIP) services, according to an industry body. Industry body Comms Council UK said several of its members had been targeted by distributed denial of service (DDoS) attacks in recent weeks. Read more at BBC… Read More
28th October 2021
By Garbrielle Gorder, InSight Crime, 27 October 2021 InSight Crime — A yacht, found off the coast of Portugal with the country’s largest-ever haul of cocaine, illustrates how these smaller, private vessels have become a favored modus operandi to move cocaine between Latin America and lucrative European… Read More