More from Banking, Financial Services & Insurance – Page 13
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EventFinCrime Global: A Global Live Stream Experience
FinCrime Global brings together a globally engaged audience to discuss, challenge, debate and address how we can make the world a safer place. Staying informed, connected and part of the solution has never been so important.
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NewsGermany hands over data on Maltese nationals’ offshore holdings
Tax authorities in Germany have passed on information about investments around 20 Maltese citizens have in Dubai, UAE, to their counterparts in Malta.
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NewsCompany ‘owner’ jailed for defrauding US Covid-19 relief scheme
A Texas man has been imprisoned for more than 11 years after admitting wire-fraud and money-laundering offences to obtain millions of dollars under a US government programme to help businesses survive the coronavirus crisis.
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EventFraud & Loss Prevention: A one-day livestream experience
8 December 2021: A one-day livestream experience bringing together thought-leaders, experts and senior industry leaders to debate the latest issues surrounding fraud & loss prevention.
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NewsPioneering Australian businessman accused of tax fraud
Bob Johnson, founder of Australian mining software and equipment company Maptek, has appeared in an Adelaide court facing two charges of defrauding the government and 13 of obtaining financial advantage by deception.
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NewsDrug traffickers’ money launderer jailed in US
A Mexican running a small convenience store and market in Oregon has been sentenced to 11 years in prison for using the business and its money-transmission licences to launder millions of dollars for a Mexico-based drug trafficking organisation.
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NewsFraudster ordered to pay £37m
A British court has ordered tax cheat Adam Umerji to pay more than £37m ($51m, €43m) after being convicted in his absence of defrauding the UK’s tax-collection service, HMRC.
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NewsTrial of cardinal accused of embezzlement starts at Vatican
Cardinal Angelo Becciu yesterday (27 July) sat through the opening day of his financial crimes court hearing in the Vatican. He and his former secretary, Monsignor Mauro Carlino, were the only two of the ten accused to attend: the others have exercised their right to be defended in absentia.
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NewsEl Salvador’s ex-President charged with money laundering
Prosecutors in El Salvador have charged former President Salvador Sanchez Ceren and nine former officials with illicit enrichment and money laundering.
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NewsBrazilian court seizes $33m in money laundering case
A court has ordered confiscation of BRL172m ($33.1m, €28.1m) and the freezing of bank accounts of two individuals and 17 companies while Sao Paulo state police probe alleged money laundering through bitcoin trading.
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NewsMalta seeks German help in hunt for international tax dodgers
The Maltese government has asked Germany for access to data on offshore holdings in Dubai, the United Arab Emirates, to crack down on large-scale tax evasion and financial crime.
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NewsBipartisan US bill will treat digital assets as commodities
U.S representatives have reintroduced a bill that will define and establish how federal regulators should handle cryptocurrency.
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NewsJapanese banks to share AML/CFT information
The banking sector in Japan plans to deploy an industry-wide transaction monitoring and screening system for anti-money laundering and countering financing of terrorism.
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NewsNew Zealand bank to pay penalty for money-laundering failures
The TSB in New Zealand has agreed to pay NZ$3.85m (US$2.67m, €2.27m) in penalties after acknowledging a failure to comply with anti-money laundering rules.
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NewsMoney laundering case against Messi dismissed
Fresh allegations accusing top footballer Lionel Messi of fraud, embezzlement and money laundering have been dismissed by a Spanish court.
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NewsRobinhood braced for multi-million fine in AML probe
Online trading app Robinhood said it expects to pay a $30m (€25.4m) penalty in relation to an anti-money laundering probe of its cryptocurrency business, according to a Securities and Exchange Commission (SEC) filing
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NewsDutch turn AML spotlight on second-hand lease car trade
The government and banks in the Netherlands are turning their attention to the second-hand lease car market in their fight against money laundering.
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NewsEC proposes setting up AML agency
The European Commission plans to create an EU authority to fight money laundering, along with new legislation to strengthen anti-money laundering and countering terrorism financing (AML/CFT) rules.
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NewsIsle of Man refreshes AML strategy
The government of the Isle of Man – an important international banking centre – has released an updated policy to combat money laundering and terrorist financing.
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NewsHong Kong authorities break up money laundering gang
Customs officials in Hong Kong say they have dismantled a money laundering group which used cryptocurrency Tether to process HK$1.2bn ($154m, €131m) in illegal funds.
