Posts in category

Money Laundering


BOSTON – The wife of a Cranston parts dealer, convicted of laundering millions of dollars for a Mexican drug cartel, and her brother have once again written off to challenge confiscation orders of $ 136 million dollars against them. Last week, a three-judge panel from the 1st United States Court of Appeals hinted at a …

File photo: A hooded man holds a laptop as a cyber code is projected on him in this illustrative photo taken on May 13, 2017 Reuters Defendant manipulated young girls to create vulgar content for live broadcasts, law enforcement officials say The Criminal Investigation Department (CID) on Saturday arrested five people, including a foreign national, …

Abu Dhabi:The Central Bank of the United Arab Emirates (CBUAE) has issued two new anti-money laundering guidelines and fight against the financing of terrorism (LAM /CFT) for its Authorized Financial Institutions (IFLs) for reporting suspicious transactions and persons / legal arrangements. The Guidelines will help to understand and mitigate risks as well as the effective …

CID Karnataka’s cybercrime division arrested nine accused, including four foreign nationals, in a major money laundering scam in the name of an investment in a food bank worth over Rs 290 crore . The team received a complaint from Razor Pay Software Private Limited alleging that the accused people were using the company’s payment solutions …

On May 25, 2021, the US Department of Justice (“DOJ”) unsealed a charge indicting two Austrian citizens, Peter Weinzierl (“Weinzierl”) and Alexander Waldstein (“Waldstein”), for their role in a scheme to launder hundreds of millions of dollars through the US financial system on behalf of the Brazilian construction conglomerate, Odebrecht SA (“Odebrecht”). The indictment alleges …

Federal and local law enforcement announced Thursday the withdrawal of a black market marijuana and money laundering program in Colorado – an operation involving 21 people cultivating millions of dollars in illicit pot on the subway from Denver and redirecting their profits to China through social media apps. Drug investigators seized thousands of plants, hundreds …

Art businesses in the UK have reached an important deadline. A year and a half after the UK stepped up surveillance of the art market as part of a broader crackdown on money laundering, businesses are running out of time to officially register for government surveillance. As of last year, anti-money laundering (AML) rules have …

Law360 (June 9, 2021, 6:05 p.m. EDT) – Electronic money and payment institutions set to benefit from new UK money laundering legislation. However, an increase in state confiscation powers and the possibility of a broad non-prevention offense still on the horizon leaves the regulatory future of the financial technology industry uncertain. The Financial Services Act …

‘Significantly high number’ of cryptocurrency firms have failed to meet UK trade standards and struggle to meet anti-money laundering rules, says UK financial regulator mentionned Last week. The registration deadline for the Temporary Regime has been extended from July 9, 2021 to March 31, 2022 for existing crypto companies. (Source: Pixabay.com)As of January 2020, crypto …

SIOUX FALLS, SD (KELO.com) – Six men are convicted of conspiracy to distribute drugs and conspiracy to launder money in federal district court. Four of the six accused are from the Sioux Falls area. The other two are from the Los Angeles, California area. The men were sentenced to terms ranging from 360 months to …