10th August 2021
Lawmaker David Bitan of Likud was indicted on Monday for accepting bribes, fraud, money laundering and breach of trust in seven affairs, after he announced he would not ask the Knesset to grant him immunity from prosecution. Last month, Attorney General Avichai Mendelblit announced his decision to indict Bitan for… Read More
9th August 2021
In the finance bill for 2020, the French tax and customs authorities have been allowed, on an experimental basis, to use information from social networks and online sales websites to trigger tax and customs inquiries. The implementing rules have now been published. This article looks at the scope of this… Read More
9th August 2021
When a customer walked into a branch of TSB and asked to transfer £250,000 to a new fixed-income investment account, the staff went through their usual procedures. Was the customer sure he wanted to do this? He was adamant. An experienced investor, he showed them that the investment scheme was… Read More
8th August 2021
More than 700 “money mule” transactions totalling €5 million moved through Irish bank accounts in the first half of the year, according to new industry figures, with the majority of incidents involving 18- to 24-year-olds. FraudSmart, a fraud awareness initiative led by the Banking & Payments Federation Ireland (BPFI), urged… Read More
5th August 2021
As prosecutors in Manhattan continue their investigation into the Trump Organization’s finances, attorneys in Scotland are citing its progress to advocate for opening a parallel investigation into how the former US president’s company financed golf courses in the country. At a virtual court hearing in Scotland Thursday,… Read More
5th August 2021
A New Zealand banker wanted in Germany for his alleged part in defrauding taxpayers of millions maintains he did no more than exploit a loophole. Paul Robert Mora, 54, who is living in Christchurch, is wanted in Germany to face charges over his allegedly key role in ripping off… Read More
4th August 2021
The new chairman of the Securities and Exchange Commission said that investors need more protection in the cryptocurrency market, which he said is “rife with fraud, scams and abuse.” Gary Gensler, appointed by President Joe Biden to lead the body that regulates securities markets, listed several areas… Read More
4th August 2021
A nephew of drug kingpin Michael Ibrahim has been charged for his handling of $1.37 million in an alleged fraud and money laundering scheme led by construction boss George Alex. The Australian Federal Police allege Abraham Sayour, 24, allegedly used two bank accounts to receive and distribute funds from a… Read More
4th August 2021
AP — A Maryland man pleaded guilty Tuesday to conspiring to launder more than $6.2 million from a “romance scheme” to fraudulently solicit money from more than 200 victims targeted through social media and dating websites. Lesley Annor, 23, of Gaithersburg faces a maximum sentence of 20… Read More
4th August 2021
The UK’s biggest banks are failing to properly help fraud victims, leaving them “feeling abandoned at a time of crisis and exposed to future scams”, the consumer group Which? has claimed. Which? found that customers often struggled to contact their bank after they had been a victim… Read More