#money-laundering

#money-laundering

Canada's financial intelligence agency has fined the Canadian National Exhibition Casino $199,000 for failure to comply with money laundering and terrorist financing risk assessment and documentation rules. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced the penalties for two administrative violations by the CNE Casino in a public notice on its website on Thursday. The penalties were imposed after the CNE Casino indicated staff would report any high-risk transactions to an appointed compliance officer, the agency said.

The police action resulted in the seizure of 180,000 for a special edition Aston Martin, obtained through tax evasion and money laundering.

Daniel Elie Bouaziz was sentenced to prison for money laundering after his Palm Beach gallery sold forgeries of famous artists like Georgia O'Keeffe and Banksy, aided by fake documents.

Gugnin allegedly facilitated over $530 million in transactions for Russian clients linked to sanctioned banks, employing Tether to circumvent US sanctions and export controls.

Standard Chartered Plc is facing a $2.7 billion lawsuit from liquidators alleging it played a role in enabling the laundering of billions of dollars misappropriated from Malaysian sovereign wealth fund 1MDB.

Arencibia and Rivera owned part of a Texas wholesale distributor, Eclipse Meds, LLC. They bought pharmaceutical drugs and forged documents to hide the illegitimacy.

Telegram stated, "communities previously reported to us by WIRED...have all been taken down," referring to the broad purge of illegal service markets on their platform.

The Australian Federal Police charged four individuals in connection with a money-laundering scheme involving an armored cash transport unit of a security company.

"Telegram were blocked all of our NFT, Channels and group on May 13th 2025, Haowang Guarantee will cease operation from now," the company wrote on its website.

Jacobs' analysis highlights the staggering scale of Xinbi Guarantee's operations, revealing an intricate ecosystem of illicit activities funder by over $8.4 billion in crypto transactions.

The Treasury Department stated that since August 2021, Huione Group and its affiliates had laundered $4 billion for a mix of criminals, including North Korean hackers.