#money-laundering
#money-laundering

US Officials Recommend Encryption Apps Amid Chinese Telecom Hacking

Global law enforcement agencies successfully dismantled major Russian money-laundering networks using new techniques, emphasizing ongoing challenges in combating financial crimes.

fromWIRED

3 days ago

Privacy technologies

Hacking Spree Hits UK Retail Giants

Scattered Spider poses a significant cyber threat, employing social engineering tactics to target numerous organizations.

US news

U.S. Moves to Blacklist Huione Group Over Money Laundering Ties

The Trump administration designated Huione Group as a money-laundering operation, aiming to cut its access to the U.S. financial system.

fromwww.cbc.ca

fromwww.romfordrecorder.co.uk

Canada news

TD Bank employee arrested and charged in connection with money laundering case | CBC News

A former TD Bank employee has been charged with facilitating money laundering, linked to a larger investigation resulting in massive fines against the bank.

London food

Ilford and Romford fraudsters to pay back over 375,000 after conning hundreds

Ikram Rafique defrauded 900+ people by selling fake insurance policies and was sentenced for unlicensed brokering and money laundering.

4 days ago

US news

U.S. Moves to Blacklist Huione Group Over Money Laundering Ties

The Trump administration designated Huione Group as a money-laundering operation, aiming to cut its access to the U.S. financial system.

fromwww.cbc.ca

fromwww.romfordrecorder.co.uk

Canada news

TD Bank employee arrested and charged in connection with money laundering case | CBC News

A former TD Bank employee has been charged with facilitating money laundering, linked to a larger investigation resulting in massive fines against the bank.

London food

Ilford and Romford fraudsters to pay back over 375,000 after conning hundreds

Ikram Rafique defrauded 900+ people by selling fake insurance policies and was sentenced for unlicensed brokering and money laundering.

Filmmaker Charged With Stealing Millions From Netflix | Entrepreneur

Filmmaker Carl Rinsch was arrested for allegedly stealing $55 million from Netflix intended for a sci-fi series.

Rinsch used Netflix investment funds for personal expenses including luxury cars and failed investments.

Digital life

Mozambique's Ex-Finance Minister Sentenced to Prison Over Tuna Affair'

Former Mozambique finance minister sentenced to 8.5 years in prison for a $2 billion fraud scheme.

fromsfist.com

NYC startup

Man Convicted Of Defrauding Bay Area Investors Over Fake Space Tech Company For A Mere $50K

Ramesh Nathan was convicted of wire fraud and money laundering for defrauding investors with false claims about a fake space tech company.

fromSun Sentinel

Miami

Broward spa owner used COVID loans for Bentley, luxury shopping spree, feds say

Cassandra Yolanda Clarke fraudulently obtained over $800,000 in COVID-19 loans for personal luxury purchases, including a Bentley and shopping sprees.

Film

fromEntrepreneur

Filmmaker Charged With Stealing Millions From Netflix | Entrepreneur

Filmmaker Carl Rinsch was arrested for allegedly stealing $55 million from Netflix intended for a sci-fi series.

Rinsch used Netflix investment funds for personal expenses including luxury cars and failed investments.

Digital life

Mozambique's Ex-Finance Minister Sentenced to Prison Over Tuna Affair'

Former Mozambique finance minister sentenced to 8.5 years in prison for a $2 billion fraud scheme.

fromsfist.com

NYC startup

Man Convicted Of Defrauding Bay Area Investors Over Fake Space Tech Company For A Mere $50K

Ramesh Nathan was convicted of wire fraud and money laundering for defrauding investors with false claims about a fake space tech company.

fromSun Sentinel

Miami

Broward spa owner used COVID loans for Bentley, luxury shopping spree, feds say

Cassandra Yolanda Clarke fraudulently obtained over $800,000 in COVID-19 loans for personal luxury purchases, including a Bentley and shopping sprees.

more#wire-fraud

#fraud

LA real estate

fromLos Angeles Times

Elderly victims targeted in bank and real estate schemes, police say. Two men arrested, one at large

Two men were arrested in Southern California for allegedly running a $10 million money laundering scheme targeting elderly victims.

NYC startup

On-the-run Irishman arrested in New York accused of conning $850k from elderly woman

Elijah Gavin has been arrested for his role in a major home repair fraud scheme involving over $1 million in defrauded funds.

Privacy technologies

fromDatabreaches

Canadian Man Charged in $65M Cryptocurrency Hacking Schemes

A Canadian man is charged with fraudulently obtaining $65 million through exploits of decentralized finance protocols.

London

How Scammers Launder Money and Get Away With It

Fireworks in Cambodia mark the success of scammers who exploit victims, resulting in massive financial losses and a robust money-laundering network.

3 weeks ago

UK news

Soldier who defrauded MoD of almost 1m jailed

A military clerk stole almost £1 million through fraudulent expense claims, leading to jail time for him and five accomplices.

Miscellaneous

Employee of California post office, son sentenced for stealing more than $5 million in money orders

A former post office employee and his son were sentenced for stealing over $5 million in money orders and orchestrating a fraud scheme.

LA real estate

fromLos Angeles Times

Elderly victims targeted in bank and real estate schemes, police say. Two men arrested, one at large

Two men were arrested in Southern California for allegedly running a $10 million money laundering scheme targeting elderly victims.

NYC startup

On-the-run Irishman arrested in New York accused of conning $850k from elderly woman

Elijah Gavin has been arrested for his role in a major home repair fraud scheme involving over $1 million in defrauded funds.

Privacy technologies

fromDatabreaches

Canadian Man Charged in $65M Cryptocurrency Hacking Schemes

A Canadian man is charged with fraudulently obtaining $65 million through exploits of decentralized finance protocols.

London

How Scammers Launder Money and Get Away With It

Fireworks in Cambodia mark the success of scammers who exploit victims, resulting in massive financial losses and a robust money-laundering network.

3 weeks ago

UK news

Soldier who defrauded MoD of almost 1m jailed

A military clerk stole almost £1 million through fraudulent expense claims, leading to jail time for him and five accomplices.

Miscellaneous

Employee of California post office, son sentenced for stealing more than $5 million in money orders

A former post office employee and his son were sentenced for stealing over $5 million in money orders and orchestrating a fraud scheme.

more#fraud

#trump-administration

San Francisco Giants

California judge blocks Trump administration anti-money laundering affecting border businesses

A federal judge has blocked a Trump administration rule aimed at combating money laundering that threatened small businesses due to excessive reporting requirements.

Privacy professionals

A new Trump administration rule aims to combat money laundering. A California woman says it will put her out of business.

New reporting requirement from the Trump administration could severely impact small money services businesses by overwhelming them with burdensome regulations.

San Francisco Giants

California judge blocks Trump administration anti-money laundering affecting border businesses

A federal judge has blocked a Trump administration rule aimed at combating money laundering that threatened small businesses due to excessive reporting requirements.

more#trump-administration

Privacy professionals

A new Trump administration rule aims to combat money laundering. A California woman says it will put her out of business.

New reporting requirement from the Trump administration could severely impact small money services businesses by overwhelming them with burdensome regulations.

US news

fromwww.yourlocalguardian.co.uk

Texas Lottery Director Resigns Amid Scrutiny of Rigged 2023 Draw

The Texas State Lottery's executive director resigned amid a scandal involving European bettors purchasing millions of tickets.

International cops seize Russian crypto exchange Garantex

Garantex cryptocurrency exchange shut down due to links with ransomware and money laundering activities.

UK news

4 weeks ago

South London gang used Russia-Ukraine war to launder 6m for criminals

A trio was sentenced for laundering money through vehicle sales in the UK to fund operations in Ukraine, turning profits into cryptocurrency.

fromwww.standard.co.uk

UK news

Supermarket worker caught trying to smuggle 1m cash in suitcases out of Heathrow Airport

A supermarket worker was arrested at Heathrow for attempting to fly out with 1 million pounds in cash, highlighting efforts against organized crime.

Miscellaneous

Two Jamaican men convicted of drug money laundering

Two Jamaican men were convicted for their involvement in a $6 million international money laundering operation linked to drug trafficking.

fromwww.yourlocalguardian.co.uk

International cops seize Russian crypto exchange Garantex

Garantex cryptocurrency exchange shut down due to links with ransomware and money laundering activities.

UK news

4 weeks ago

South London gang used Russia-Ukraine war to launder 6m for criminals

A trio was sentenced for laundering money through vehicle sales in the UK to fund operations in Ukraine, turning profits into cryptocurrency.

fromwww.standard.co.uk

UK news

Supermarket worker caught trying to smuggle 1m cash in suitcases out of Heathrow Airport

A supermarket worker was arrested at Heathrow for attempting to fly out with 1 million pounds in cash, highlighting efforts against organized crime.

Miscellaneous

Two Jamaican men convicted of drug money laundering

Two Jamaican men were convicted for their involvement in a $6 million international money laundering operation linked to drug trafficking.

South Florida man pleads guilty to money laundering after wife's brutal murder

Miguel Aguasvivas' guilty plea highlights a connection between his wife's carjacking murder and his involvement in a money-laundering conspiracy.

London startup

UK convicts five scammers who preyed on widowed for 3.25M

Romance scammers in the UK were convicted of laundering £3.25 million, exploiting victims seeking online relationships.

Belgian cops raid Huawei in European bribery probe

Belgian authorities are investigating Huawei for potential corruption, including money laundering and bribery.

US and UK sanction gold smuggler Kamlesh Pattni

Kamlesh Pattni was sanctioned for leading an international gold smuggling and money laundering operation that exploited Zimbabwe's natural resources.

fromwww.amny.com

Miscellaneous

Ingrid Lewis-Martin indicted along side son, real estate developers on bribery and money laundering charges | amNewYork

Ingrid Lewis-Martin and her son face serious charges of bribery and money laundering linked to influencing city decisions for financial gain.

Black Lives Matter

Spain court sentences ex-IMF chief to more than four years over corruption

Rodrigo Rato was convicted of major financial crimes and sentenced to prison, with his case pending appeal.

UK news

Gardai on the trail of Madrid drug millions probe Irish company linked to Spanish royal and Russian reality star

A major cocaine seizure revealed links to a Dublin company involved in laundering €25m for a rogue police officer.

Europe news

Belgian cops raid Huawei in European bribery probe

Belgian authorities are investigating Huawei for potential corruption, including money laundering and bribery.

US and UK sanction gold smuggler Kamlesh Pattni

Kamlesh Pattni was sanctioned for leading an international gold smuggling and money laundering operation that exploited Zimbabwe's natural resources.

fromwww.amny.com

Miscellaneous

Ingrid Lewis-Martin indicted along side son, real estate developers on bribery and money laundering charges | amNewYork

Ingrid Lewis-Martin and her son face serious charges of bribery and money laundering linked to influencing city decisions for financial gain.

Black Lives Matter

Spain court sentences ex-IMF chief to more than four years over corruption

Rodrigo Rato was convicted of major financial crimes and sentenced to prison, with his case pending appeal.

UK news

Gardai on the trail of Madrid drug millions probe Irish company linked to Spanish royal and Russian reality star

A major cocaine seizure revealed links to a Dublin company involved in laundering €25m for a rogue police officer.

Investigating a Sprawling Money Laundering Network

Investment in investigative journalism unveils intricate money laundering networks.

The motivations behind the investigation stem from curiosity and tips about criminal activities in Southeast Asia.

World news

Panama approves embattled ex-President Martinelli's passage to Nicaragua

Ricardo Martinelli has been convicted of money laundering and sentenced to 10 years, but has received safe passage to Nicaragua due to health concerns.

Poker

fromCardplayer

Nevada Regulators Hand Out Second-Largest Fine Ever To Las Vegas Strip Casino

Resorts World will pay $10.5 million in fines for regulatory violations linked to illegal gambling activities involving bookies at the casino.

US charges admins of Garantex for allegedly facilitating crypto money laundering for terrorists and hackers | TechCrunch

U.S. indicts Garantex officials for money laundering and violating sanctions, linked to extensive criminal activities.

Hackers launder most of Bybit's stolen crypto worth $1.4 billion | TechCrunch

North Korean hackers stole $1.4 billion in Ethereum from Bybit, marking a record-breaking cryptocurrency theft.

The stolen funds were primarily converted to Bitcoin and moved across multiple addresses, complicating tracking.

European startups

Garantex administrator arrested in India under extradition law | TechCrunch

Aleksej Besciokov, co-founder of the Garantex cryptocurrency exchange, was arrested in India under extradition law linked to U.S. allegations of money laundering.

US releases Russian cybercriminal as part of exchange for teacher Marc Fogel

The Trump administration released Alexander Vinnik, a cybercriminal linked to money laundering, as part of a prisoner exchange, underscoring complex diplomatic relations.

Cryptocurrency

US lifts sanctions on Tornado Cash cryptocurrency mixer

The US Treasury has lifted sanctions on Tornado Cash, indicating a potential shift in its hardline stance on cryptocurrency.

US charges admins of Garantex for allegedly facilitating crypto money laundering for terrorists and hackers | TechCrunch

U.S. indicts Garantex officials for money laundering and violating sanctions, linked to extensive criminal activities.

Hackers launder most of Bybit's stolen crypto worth $1.4 billion | TechCrunch

North Korean hackers stole $1.4 billion in Ethereum from Bybit, marking a record-breaking cryptocurrency theft.

The stolen funds were primarily converted to Bitcoin and moved across multiple addresses, complicating tracking.

European startups

Garantex administrator arrested in India under extradition law | TechCrunch

Aleksej Besciokov, co-founder of the Garantex cryptocurrency exchange, was arrested in India under extradition law linked to U.S. allegations of money laundering.

US releases Russian cybercriminal as part of exchange for teacher Marc Fogel

The Trump administration released Alexander Vinnik, a cybercriminal linked to money laundering, as part of a prisoner exchange, underscoring complex diplomatic relations.

Cryptocurrency

US lifts sanctions on Tornado Cash cryptocurrency mixer

The US Treasury has lifted sanctions on Tornado Cash, indicating a potential shift in its hardline stance on cryptocurrency.

more#cryptocurrency

fromThe Art Newspaper - International art news and events

UK news

MPs think they may have been targets of disinformation' over Bangladesh inquiry

British MPs suspect a disinformation campaign undermining Ahsan Mansur's efforts to trace alleged laundered funds from Bangladesh.

Privacy professionals

Latest round of money laundering penalties hit UK trade

Nearly 50 UK art businesses have been fined for non-compliance with money laundering regulations, averaging penalties over £3,000.

#banking

fromFast Company

DC food

TD Bank is closing dozens of branches across 10 states: Here's the full list of doomed locations

TD Bank to close 37 branches across 10 states and D.C. to streamline operations and adapt to customer habits.

Boston food

TD Bank to shutter 16 New England branches, including 6 in Mass.

TD Bank is closing branches in response to penalties for lax anti-money laundering practices.

DC food

fromFast Company

TD Bank is closing dozens of branches across 10 states: Here's the full list of doomed locations

TD Bank to close 37 branches across 10 states and D.C. to streamline operations and adapt to customer habits.

Boston food

fromwww.independent.co.uk

TD Bank to shutter 16 New England branches, including 6 in Mass.

TD Bank is closing branches in response to penalties for lax anti-money laundering practices.

more#banking

UK news

Briton held without trial in India refuses to be bailed to unsafe' Delhi streets

Christian Michel James refuses bail in India due to alleged safety concerns, preferring to remain in prison over possible threats to his life.

Miami Marlins

fromMiami Herald

Feds break up Homestead mother-son team who ran $37 million mini-bank out of home

A mother-son team ran a $37 million illegal check-cashing operation linked to construction businesses hiring illegal immigrants.

The operation featured significant financial misconduct and manipulation of legal frameworks to facilitate undocumented worker payment.

fromDatabreaches

The Art of the Deal? Bitcoin fraudster tied to 2016 hacking of Democrats is Russian released in exchange for U.S teacher

A bitcoin money launderer with ties to 2016 election meddling has been released by Trump in a prisoner exchange.

London

Man arrested at Heathrow over 400,000 in suitcase

A man was arrested at Heathrow Airport for attempting to launder £400,000 in cash.

#legal-proceedings

New York City

Socialite never agreed to 'criminal enterprise' - trial

James Stunt claims he was unaware of any criminal activity in his business dealings with a gold dealer amid money laundering allegations.

Miscellaneous

Dublin man jailed for money laundering after 85,000 found in his home

A man was jailed for money laundering after being found with over €85,000 in cash believed to be proceeds of crime.

New York City

Socialite never agreed to 'criminal enterprise' - trial

James Stunt claims he was unaware of any criminal activity in his business dealings with a gold dealer amid money laundering allegations.

Miscellaneous

Dublin man jailed for money laundering after 85,000 found in his home

A man was jailed for money laundering after being found with over €85,000 in cash believed to be proceeds of crime.

more#legal-proceedings

#anti-corruption

fromBusiness Matters

Miscellaneous

British Virgin Islands accused of 'shameful' bid to sidestep financial crime crackdown

The British Virgin Islands' corporate transparency restrictions face backlash from UK authorities amid concerns over potential shielding of money laundering activities.

UK politics

Margaret Hodge appointed UK anti-corruption champion to tackle flow of dirty money'

Margaret Hodge's appointment as the UK's anti-corruption champion emphasizes a renewed focus on tackling global corruption and address money laundering.

fromBusiness Matters

Miscellaneous

British Virgin Islands accused of 'shameful' bid to sidestep financial crime crackdown

The British Virgin Islands' corporate transparency restrictions face backlash from UK authorities amid concerns over potential shielding of money laundering activities.

UK politics

Margaret Hodge appointed UK anti-corruption champion to tackle flow of dirty money'

Margaret Hodge's appointment as the UK's anti-corruption champion emphasizes a renewed focus on tackling global corruption and address money laundering.

How Fruit Became the Cover for Organized Crime All Over the World

Fruit trade is unexpectedly linked to organized crime, as revealed through research and firsthand observations in wholesale markets.

Miscellaneous

Irish Defence Forces corporal jailed in 6.6m money-laundering case worked for 'The Family' drugs gang

Richard Kearney, an Irish Defence Forces corporal, was convicted of money laundering for a crime gang due to his clean criminal history.

fromSlate Magazine

How Fruit Became the Cover for Organized Crime All Over the World

Fruit trade is unexpectedly linked to organized crime, as revealed through research and firsthand observations in wholesale markets.

Miscellaneous

Irish Defence Forces corporal jailed in 6.6m money-laundering case worked for 'The Family' drugs gang

Richard Kearney, an Irish Defence Forces corporal, was convicted of money laundering for a crime gang due to his clean criminal history.

AG Rob Bonta Facing Questions After Taking Campaign Donations From Casino His Office Was Investigating

Bonta took a large campaign contribution from a casino his office was investigating for money laundering, raising ethical red flags.

Premier League club structures carry money laundering risks, study finds

Premier League club ownership structures facilitate potential money laundering due to their complexity and secrecy.

fromeuronews

Spain busts international crime ring for alleged car import tax scam

An international crime network behind a €17 million VAT fraud scheme on luxury cars has been dismantled, with 30 arrests made.

fromSun Sentinel

Miami

Former South Florida congressman indicted in lobbying case

Former Congressman David Rivera indicted for failing to register as a lobbyist and laundering money linked to a sanctioned Venezuelan businessman.

Video games

fromGameSpot

Pokemon Cards Are Reportedly Being Used To Launder Money By The Japanese Mob

The pandemic significantly changed the collectibles market, with criminals using Pokemon cards for money laundering due to their portability and demand.

Miscellaneous

Bank of America Flagged Suspicious Payments to Epstein Only After He Died

Bank of America filed suspicious activity reports years after payments to Jeffrey Epstein, prompting investigations into potential violations of money laundering laws.

Miscellaneous

Catriona Carey's 'exceptional' house near Laois-Carlow border goes sale agreed

A former hockey player has been granted bail in a money-laundering case while property market demand continues to thrive.

fromComputerWeekly.com

NCA takes out network that laundered ransomware payments | Computer Weekly

UK's NCA disrupts Russian money laundering networks tied to cyber crime, drugs, and firearms trafficking.

Miscellaneous

Kinahans face exile in 'North Korea, Iraq or Iran' after money-laundering network busted

The Kinahan Cartel's options for money laundering are severely restricted due to recent investigations by UK authorities.

fromwww.mediaite.com