More from Banking, Financial Services & Insurance – Page 13
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NewsPayroll boss sentenced for laundering $1bn-plus
Businessman Michael Mann has been jailed after admitting laundering more than $1bn (€845m) stolen funds from employers, employees, financial institutions and financing companies in the US over three years.
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NewsBritish banks ‘failing to fully support fraud victims’
Some UK banks are providing insufficient help to customers who fall victim to financial scams, leaving them at risk of losing more money in recovery fraud, according to consumer rights’ organisation Which?
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NewsAfrica needs to curb financial crime to grow
For Africa to transform itself into the epitome of economic empowerment and self-reliance, the continent needs to prevent illicit outflows from the region, according to Ghana’s President Nana Addo Dankwa Akufo-Addo.
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NewsMonzo subject to AML probe as it combats financial crime
UK financial watchdog FCA is investigating digital bank Monzo for compliance with anti-money laundering regulations. The checks come as the bank says it is stepping up measures to combat financial crime and reduce the risk of customers falling victim.
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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
