Thursday, December 9, 2021

Must Read

EU’s Fifth Anti-Money Laundering Directive, UK Implementation

On 10 January 2020, updates to the UK anti-money laundering and counter-terrorist financing (together “AML”) laws come into force that bring the UK in line with international standards set by the Financial Action Task Force (FATF) and implement the...

Fraud could cost Africa its blockchain opportunity

Africa has increased efforts to tackle rising levels of fraud perpetrated using blockchain technology. This is according to Kwame Rugunda, chairman of the Blockchain Association of Uganda, who described blockchain and cryptocurrencies as "critical industries empowering the recently-signed Africa continental...

How law enforcement catches cryptocurrency criminals

When Satoshi Nakamoto first created Bitcoin, they probably had no ideathat it would go on to become the dark web’s favorite cryptocurrency — or that it would, in fact, pave the way for other coins that would eventually be...

Two DHS agents paid for sex with alleged victims of sex trafficking

At a press conference in September 2018, Department of Homeland Security agents told reporters they had successfully broken up a transnational ring of illegal massage parlors forcing Asian immigrants into sex slavery. What they didn’t say, however, is that...

Hedge funds hacked into Bank of England press briefings

An audio feed of the Bank of England's press conferences was leaked to hedge funds before they were broadcast, the Bank has admitted. The Bank said one of its suppliers had "misused" the feed, which is there as a fall-back...

New EU Anti-Money Laundering Laws Force Shut Down of Cryptocurrency Firms

A total of three cryptocurrency firms have announced they will be shutting down over the introduction of the AMLD5 European Union regulation that’s coming into effect on January 10, 2020. As CryptoGlobe reported, the first firm to announce it was...

Zimbabwe: Vice-president’s wife Mary Mubaiwa arrested for fraud, faces new charge of attempting to kill the vice-president

Mary Mubaiwa, the estranged wife of Vice President Chiwenga was on Monday morning formally placed on remand on the charge of attempting to kill her husband, the Vice President. Mary was remanded in custody to December 30 2019 for routine...

Vatican uses millions of dollars of donations meant for charity to cover its budget deficit

Every year, Catholics around the world donate tens of millions of dollars to the pope. Bishops exhort the faithful to support the weak and suffering through the pope’s main charitable appeal, called Peter’s Pence. What the church doesn’t advertise is...

Russian Oligarch Gusinsky faces allegations of using litigations for money laundering

Scotland Yard detectives are scoping an investigation into a London based Russian oligarch over alleged links to money laundering.Officers were brought into the inquiry after detailed financial information was passed to the UK’s National Crime Agency (NCA).The NCA leads...

British Columbia real estate money laundering conundrum

As British Columbians confront, understand and quantify the effects of money laundering in real estate, there remains skepticism over whether, and to what extent, illicit money can be laundered in real estate. It started with a huge hash bust. Following up on...

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