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money laundering


The Supreme Court (SC) reserved judgment in a slew of motions regarding the interpretation of the Prevention of Money Laundering Act (PMLA), including whether trial under the law can proceed without the CBI files a charge sheet in the case. A three-judge bench headed by Judge AM Khanwilkar and comprising Judge Dinesh Maheshwari and Judge …

BEIRUT (AP) — Lebanese authorities on Thursday arrested the brother of the country’s central bank governor on suspicion of money laundering and illicit enrichment, the official news agency reported. According to the National News Agency report, Ghada Aoun, an investigating judge at the Mount Lebanon District Court, interrogated Raja Salameh for several hours before placing …

Leonard C Boyle, United States Attorney for the District of Connecticut, announced that ANDREW DAVIS, 41, a Jamaican citizen last residing in Hamden, was sentenced today by U.S. District Judge Alvin W Thompson in Hartford to 295 months in prison for trafficking marijuana. , possession of firearms and money laundering. According to evidence presented during …

LONDON: The UK’s National Crime Agency (NCA) has obtained production orders from Southwark Crown Court for access to the Barclays bank account of former Punjab chief minister Shehbaz Sharif during a high-profile investigation on money laundering, according to new exclusive evidence. New evidence available with this reporter – not published last month in the full …

FAYETTEVILLE, Ark. (KNWA/KFTA) – On March 8, two Arkansas men were sentenced to federal prison for wire fraud, accessory to wire fraud, money laundering and accessory to money laundering in connection with from the development of a wind turbine that was never operational and a proposed wind farm project in Elm Springs that was never …

A Jamaican woman living in Florida who laundered money for an international cocaine ring distributing the drugs in Pittsburgh and New Castle, has been sentenced to more than 14 years behind bars. Marcia Cunningham, 54, of Plantation, Florida, faces deportation once she completes her sentence, US media reports. She was sentenced by US District Judge …

The case concerns an overvaluation of coal prices, with UAPs paying a higher price for the purchase of coal The case concerns an overvaluation of coal prices, with UAPs paying a higher price for the purchase of coal The Law Enforcement (ED) Directorate has arrested Ahmed AR Buhari, promoter of Coastal Energy Private Limited, Chennai, …

WASHINGTON — The Justice Department on Wednesday announced the creation of a task force to prosecute billionaire oligarchs who aided President Vladimir V. Putin in his invasion of Ukraine, part of a U.S. effort. United to seize and freeze the assets of those who have violated the sanctions. The task force will mobilize the resources …

The UK Gambling Commission has fined 888 £9.4m (€11.3m/$12.6m) for a series of social responsibility and money laundering breaches. money, including setting its deposit threshold for financial checks at £40,000. In issuing the fine, the Commission’s chief executive, Andrew Rhodes, warned that if similar failings occur again, the regulator may have to “seriously consider the …

Justice Department officials are hosting an online workshop to disseminate anti-money laundering laws on February 27. MINISTRY OF JUSTICE A working group of the Ministry of Justice disseminates the content of the laws “Combating the financing of the proliferation of weapons of mass destruction” and “Combating money laundering and the financing of terrorism” to bring …

[co-author: Michael James, Articling Student] Overview The rise of cryptocurrency and other virtual assets has prompted regulators and supervisors responsible for anti-money laundering rules around the world to develop new guidelines and regulations for people and businesses involved in these assets. . The Financial Action Task Force (FATF) – the preeminent intergovernmental organization fighting against …

KUALA LUMPUR (February 22): The trial of lead lawyer Tan Sri Muhammad Shafee Abdullah for money laundering and income tax of RM9.5 million has been postponed because his lead lawyer is unwell. “Harvinderjit [Singh] is ill, so the case has been postponed,” Muhammad Farhan Muhammad Shafee, another lawyer on Shafee’s team, said in an interview …

A training of trainers on the fight against money laundering and the financing of terrorism will be held next week. Provided Published: Sun 20 Feb 2022, 12:01 Dubai Police and the Gulf Cooperation Council (GCC) office of the United Nations Office on Drugs and Crime (UNODC) have signed an agreement to develop an international degree …

The Law Enforcement (ED) Directorate on Wednesday registered a money laundering case against the Gujarat-based shipping company ABG Shipyard and its directors in connection with more than Loan default of Rs 22,800 crore by company. The ED case is based on the FIR filed by the CBI on February 7 in which it alleged that …

Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. An industry first in India, CoinDCX leverages machine learning detection models from Solidus Labs to build trust and transparency on its platform and elevate compliance standards for the crypto industry. NEW DELHI & NEW YORK–(BUSINESS WIRE)–CoinDCX, India’s first crypto unicorn and the …

Riyadh — An official source at the Public Prosecution said that investigations into economic crimes at the Public Prosecution revealed the involvement of a gang of 11 members (two citizens and nine residents) in the commission of money laundering crimes. They violated the Concealment Act by using several business entities and their branches to receive …

A few days ago, when ED officials served notices on people in Tollywood asking them to appear before the agency for questioning, excise department officials, particularly the special ops team (SOT), gave a proper rating to the people of Tollywood. — Representation image/DC HYDERABAD: Days after the High Court ordered the Telangana government to submit …

In a key development, the ED has demanded the dismissal of the bail application of former Maharashtra Home Minister Anil Deshmukh in a money laundering case. The response filed by ED Deputy Director Tassine Sultan in the PMLA Special Court explained the alleged modus operandi by which Deshmukh and his family members laundered money worth …

By George Sembony Lushoto. Resident magistrates were urged to cultivate understanding and enhance their knowledge and capacity to deal with corruption and money laundering cases. The call was made by High Court Judge Edwin Kakolaki when he opened a training course for 200 resident magistrates on dealing with corruption and money laundering and the return …

Labor has called on the Tories to return money from donors with links to Russia in response to tensions over Vladimir Putin’s military buildup on the Ukrainian border. In a joint letter, David Lammy, the shadow foreign secretary, and Rachel Reeves, the shadow chancellor, called on ministers to tackle Russian financial flows to the UK. …

HARRISBURG, DOLPHIN COUNTY (WBRE/WYOU) — The United States Attorney’s Office announced that two people have been indicted by a federal grand jury on charges of money laundering conspiracy after receiving funds from a sweepstakes scam. According to U.S. Attorney John C. Gurganus, the indictment alleges 27-year-old Troy Smith and 36-year-old Michelle Greenwood of Mississippi committed …

BATON ROUGE, La. (WAFB) – The East Baton Rouge Sheriff’s Office arrested several people connected to a massage parlor prostitution ring this weekend. According to EBRSO, its narcotics division has been investigating complaints since September of an organized prostitution ring operating in local massage parlors in East Baton Rouge Parish. Officers learned during their investigation …

Canada’s reputation for squeaky cleanliness has taken a nosedive, according to an anti-corruption watchdog. This week, Transparency International (TI) released its annual Corruption Perceptions Index for 2021. The index shows Canada continuing its downward spiral, after falling out of the top 10 in 2019. Large-scale money laundering and opaque institutions are among the reasons for …

The Enforcement Branch seized immovable property worth Rs 43.25 crore belonging to Sheetal Refineries Limited and its developer in a money laundering case. Photo for representation The Law Enforcement Directorate seized immovable property worth Rs 43.25 crore belonging to Sheetal Refineries Limited and its developer Jitender Kumar Agarwal under the Prevention of Money Laundering Act …

The global Anti Money Laundering (AML) Software Market is valued at around USD 977 Million in 2018 and is expected to grow with a healthy growth rate of over 12.61% over the forecast period 2019-2026. Anti-Money Laundering (AML) software refers to a solution that allows financial institutions and banks to monitor customer behavior for suspected …

United States: Rapidly Evolving AML Risk: Principles for Proactive Compliance in 2022 – American Bankers Association January 24, 2022 Buchanan Ingersoll & Rooney PC To print this article, all you need to do is be registered or log in to Mondaq.com. John Cunningham, a shareholder in the firm’s White Collar Defense, Compliance & Investigations group, …

(Guardian of Trinity) In 2021, the Financial Investigations Branch (FIB) charged four people with money laundering with a cumulative value of TT$30,747,417 and it is expected that this year more people will face similar charges. This was revealed at the T&T Police Department press conference yesterday by Acting Chief Superintendent Wendell Lucas of the FIB. …

MADISON, WIS. — Timothy M. O’Shea, United States Attorney for the Western District of Wisconsin, announced that Craig Klund, 58, Yankton, South Dakota, was sentenced today by U.S. District Judge James D. Peterson to 10 years in federal prison for wire fraud, money laundering and aggravated identity theft. Klund, formerly of Chippewa Falls, Wisconsin, pleaded …

Former Ald. Ricardo Muñoz, right, listens to his attorney Richard Kling speak to the media on Monday, Sept. 27, 2021. (Heather Cherone/WTTW News) Federal prosecutors have argued Ricardo Muñoz deserves a year in jail after pleading guilty to wire fraud and money laundering charges, but an attorney for the former 22nd Ward councilman believes his …

The Asia/Pacific Money Laundering Group (APG) reported that the SAR continues to be its highest rated member in terms of technical compliance assessment. The APG was founded in 1997 and is one of the associate members of the Financial Task Action Force, an international organization for the fight against money laundering and the financing of …

PTI New Delhi, January 15 The Law Enforcement Directorate said on Saturday it had seized a Delhi-based journalist’s residential property worth Rs 48.21 lakh as part of a money laundering investigation. related to the alleged leak and provision of sensitive information to Chinese intelligence agents. An interim order has been issued under the Prevention of …

KARACHI: A Pakistani businessman based in Dubai, Umar Farooq Zahoor, who was facing two FIA fraud and money laundering cases, contacted the Chief Justice of Pakistan (CJP), Judge Gulzar Ahmed , to seek justice against the FIA’s alleged illegal actions despite superior court orders in its favor. The Umar Farooq Zahoor case came to light …

HUNTINGTON, W.Va. – A Nigerian national who was indicted in April 2021 as part of a massive fraud and money laundering scheme has pleaded guilty to conspiring to commit money laundering. According to court documents and statements made during the plea hearing, Kenneth Emeni, 29, a Nigerian citizen residing in Martinsburg, was involved from at …

By Vipul Kharbanda and Aman Nair Even as crypto-assets continue to establish themselves as a staple of global financial and technology markets, governments face the challenge of applying regulatory systems to them that are not suited to the nuances that exist in the market space. crypto-assets. However, this can often lead to the emergence of …

On January 6, Interior Minister Sar Kheng said at a ceremony issuing the provisions of a sub-decree against money laundering, terrorist financing and the financing of proliferation of weapons of destruction. massive, which also establishes a committee to oversee relevant work. SAR KHENG VIA FACEBOOK On January 6, Interior Minister Sar Kheng called on the …

Non-governmental organization monitoring wild animal and plant trade urged Chinese online platforms to implement anti-money laundering (AML) strategies to uncover online wildlife trafficking networks and prevent criminals from using the platforms for illegal trading. Non-governmental organization monitoring wild animal and plant trade urged Chinese online platforms to implement anti-money laundering (AML) strategies to uncover online …

The former CEO of Swedbank has been charged with fraud, market manipulation and unauthorized disclosure of inside information, after an investigation into a large-scale money laundering scandal in the Baltic states. Birgitte Bonnesen, who was sacked as chief executive two years ago when the scandal erupted, “repeatedly spread misleading information” that the bank had no …

India’s central bank, the Reserve Bank of India (RBI), has warned of the multiple risks the cryptocurrency poses to the country’s financial stability. “They are also prone to fraud and extreme price volatility,” says the apex bank, noting that “cryptocurrencies present immediate risks to customer protection and the fight against money laundering (AML) / fight …

Starting in February, Estonia is set to introduce sweeping changes to its definition of Virtual Asset Service Provider, or VASP, to include several cryptocurrency-related services – a move that could impact Bitcoin (BTC) ownership in the country – according to the European compliance specialist. Sumsub. On September 21, the Estonian Ministry of Finance released a …

Year-end roundups are never easy, because reducing 365 days of news stories to 1,000 words means the end result always ends up doing little justice to the original stories. Of course, the many ongoing cases involving Yorgen Fenech, linked to the murder of journalist Daphne Caruana Galizia, have of course overshadowed everything else in court …

UK court sent two men behind bars for a total of 33 years for laundering the equivalent of nearly US $ 95 million and fraudulently claiming $ 13.44 million in COVID-19 rebound loans for their bogus companies , reported the National Crime Agency. Artem Terzyan, 38, of Russia was sentenced to 17 years and Deivis …

While the government has announced that it will likely introduce a regulatory framework to prevent certain irregularities in the market, it further proposed that it will not ban crypto entirely, but will only introduce rules and regulations. regulations in the digital currency sector. On Thursday, November 18, Prime Minister Narendra Modi said cryptocurrencies must not …

On December 14, the Financial Crimes Enforcement Network (“FinCEN”) issued a information request (“RFI”), soliciting comments on ways to “streamline, modernize and update” the anti-money laundering (“AML”) and the financing of terrorism (“CTF”) regime of the United States. United. As we will see, the RFI is the latest development in a long investigation of how …

High Court attorney and attorney Peter Wanyama has called on parliament to anticipate a mouth-watering legal duel in court to attempt to amend proposed legislation to address loopholes exploited by businesses and corporations. individuals to launder money or carry out suspicious transactions. Lawyers outside of parliament and House lawmakers in August once again failed to …

LAHORE: An accounts court indicted on Monday a co-suspect in reference to money laundering against opposition leader in the National Assembly Shehbaz Sharif and his family. The co-suspect, Ahmad Ali, denied the charges against him and decided to challenge the trial. Presiding Judge Sajid Ali Awan has asked the National Accountability Bureau (NAB) prosecution team …

the ??The 200 crore money laundering which was carried out from a barracks at Rohini Prison with the help of prison staff had a crucial exponent, Sukesh Chandrashekhar’s wife Leena Maria Paul revealed the Law Enforcement Directorate. According to ED’s indictment, Leena Maria Paul, who is an actress, is a con artist and strategist and …

The Supreme Court on Wednesday warned against slapping the “indiscriminate” money laundering law and said it could not be used as a “weapon” to put people behind bars. The bench led by Chief Justice of India NV Ramana observed that widespread use of the Prevention of Money Laundering Act 2002 would lead to a situation …

The Central Bank has tightened the rules relating to the fight against money laundering, the financing of terrorism Photo: File Posted: Tue 14 Dec 2021, 12:07 The Central Bank of the United Arab Emirates fined a bank operating in the country MAD 19.5 million for failing to comply with regulations on combating money laundering and …

The UAE Ministry of Community Development has established a joint mechanism with the UAE Financial Intelligence Unit to coordinate efforts to combat money laundering, the financing of terrorist groups and illicit organizations in the United Arab Emirates. nonprofit sector, state news agency Wam reported. This decision was announced by Hessa bint Essa Buhumaid, Minister of …

Credits: Pixabay The Guardia Civil launched today an operation against money laundering and drug trafficking in Manilva (Malaga) and La Línea de la Concepción (Cadiz). The Guardia Civil launched today, December 9, an operation in the municipalities of Manilva (Malaga) and La Línea de la Concepción (Cadiz) with the aim of dismantling a network of …

After pleading guilty to two counts of money laundering on Monday, December 6, a Beaumonter, 65, was sentenced to four years in prison and $ 18,000 in restitution after defrauding businesses and a church for more than $ 100,000. According to a probable cause affidavit prepared by JSCO Detective Jeffery Chadney, between June 22 and …

Through Taxscan team – December 6, 2021 at 8:10 a.m. The Directorate of Enforcement (ED) arrested the CA for issuing Form 15 CB to certain entities allegedly involved in money laundering. The arrest of a chartered accountant for issuing Form 15 CB for certain entities which are not even the main defendants is completely unjustified. …

Special Judge MK Nagpal granted redress to Peter Mukerjea, the former director and COO of INX Media. A Delhi court on Saturday granted bail to former media baron Peter Mukerjea in INX Media’s money laundering case linked to former Union Minister P. Chidambaram and his son Karti. Special Judge MK Nagpal granted redress to Peter …

NAIROBI, Kenya December 2 – The Ethics and Anti-Corruption Commission (EACC) opposed the appointment of Paul Mutunga Mutungi as Deputy Governor Anne Kananu, citing a money laundering case in 2019 in which he was involved. In a letter to the County Assembly, EACC chief executive Twalib Mbarak challenged Mutunga’s adequacy, saying that a 2019 corruption …

Digital payments and financial transactions promise greater convenience, stronger competition, and greater savings for society. But when it comes to digital currencies, central banks – not floating cryptocurrencies or stablecoins – should lead the way. NEW YORK – When Tesla CEO Elon Musk promoted Dogecoin and Bitcoin cryptocurrencies, their prices soared. While some countries are …

NEW ORLEANS – DUANE A. DUFRENE, 54, of Destrehan, Louisiana, pleaded guilty on November 24, 2021 to one count of conspiracy to commit bank fraud and one count of money laundering before a judge of the United States District Court. United for the Eastern District of Louisiana, Jane Triche Milazzo, announced U.S. Attorney Duane A. …

Vice-President Cristina Fernández de Kirchner and her two children, Florencia and Máximo, have been exonerated in an investigation into allegations of money laundering, according to a decision released on Friday. The heads of Federal Oral Court No. 5 (TOF5) ruled by a two-to-one majority to dismiss the case against members of the Kirchner family, a …

A day after raids were carried out by the Directorate of Enforcement (ED) in 8 locations linked to four defendants in a multi-crore money laundering case, ED officials informed that bank records and FDs worth nearly 7 crore rupees had been frozen. The Law Enforcement Directorate (ED) raided the residence of the Fastway media cable …

Thing The Palmerston North District Court trial of two people charged with money laundering for drug trafficker Horowhenua Gary O’Connell has been delayed. The trial of two people who allegedly laundered money earned by a large Horowhenua methamphetamine ring has been postponed until the last minute, meaning they will wait more than two years before …

The government’s insistence not to withdraw the immoral tax exemption scheme silently published in The Government of Malta Gazette November 5, about which I first sounded the alarm in Parliament on November 8 and against which the opposition brought forward a motion to repeal it last week, is further proof of two facts . First, …

Posted: November 22, 2021 / 8:58 AM EST / Update: November 22, 2021 / 9:40 a.m. EST Richard Ayvazyan and Marietta Terabelian (Photo credit: FBI Los Angeles) LOS ANGELES (WJW) – A man and his wife, convicted of a scheme to steal more than $ 20 million in COVID-19 relief funds, are wanted after fleeing …

ATLANTA, Ga (CW44 News At 10) – Vikas Mehta, Walter Valdivia, Pradip Parikh, Jaime Salas, Alpesh Patel and Darash Shah have been charged with conspiracy of wire fraud, wire fraud, conspiracy of money laundering and money laundering silver. “This case involves an alleged scheme to defraud the victims – many of whom are elderly – …

The Ministry of Justice is conducting a statutory review of the 2013 Law on Combating Money Laundering and the Financing of Terrorism (Act) to consider: its performance since its introduction in 2013; and what should change. The ministry aims to complete this review by the end of June 2022 and provide a report to the …

The number two of the US Treasury Department visited the United Arab Emirates this week to discuss several major topics with the Emirati leadership, including Iran and the two countries’ crackdown on terrorist financing. Wally Adeyemo, Assistant Secretary of the United States Treasury, on Wednesday concluded a three-day visit to the United Arab Emirates to …

FCS Compliance has announced its latest Anti-Money Laundering webinar designed exclusively for Rightmove members. Are You Ready for an Inspection HMRC is the sixth webinar that FCS Compliance has designed for Rightmove in the past 12 months, as part of a partnership that has helped over 1,000 Rightmove agents learn about the issues of LBA …

Of Fred Itua, Abuja The The Senate passed on second reading two critical bills aimed at facilitating the swift prosecution of money launderers and terrorist financiers in Nigeria. Once passed, the bills would also provide the framework needed to prosecute officials with unexplained sources of wealth. The bills are the Money Laundering (Prevention and Prohibition) …

Former Bangladesh Chief Justice SK Sinha has been sentenced to 11 years in prison in a corruption case. A Dhaka Magistrates’ Court found him guilty of money laundering and breach of trust in the 467,000 taken at Farmers Bank. In its verdict, the court acquitted Md Shahjahan and Niranjan Chandra Sha due to lack of …

The Bombay High Court Vacation Bench on Sunday overturned a special vacation court order that had refused the custody of the Directorate of Execution (ED) former interior minister of Maharashtra, Anil Deskhmukh, and remanded him for 14 days in a money laundering case. The High Court has now remanded Deshmukh on remand until November 12 …

On New Years Day 2021, Congress passed the Anti-Money Laundering Law of 2020 (AMLA). As we reported last April, the 2020 LBA included sweeping reforms aimed at strengthening protections against money laundering, terrorist financing, and other illegal activities. In previous episodes of this series, we have discussed the new extended beneficial ownership requirements, significant improvements …

The Economic and Financial Crimes Commission (EFCC) on Wednesday opened a money laundering case against the wife of ex-assistant governor Beauty Apere before the Federal High Court in Yenagoa. Beauty is the wife of Embelakpo Apere, a Sustainable Development Goals Assistant to former Bayelsa Governor Seriake Dickson. When the trial resumed, prosecution witness Timothy Owoeye, …

New Zealand anti-money laundering firm (AML) First AML has raised $ 21 million in a Series B funding round, the company said in a press release on Tuesday, November 2. The round was led by Blackbird Ventures, one of the company’s early clients. The cycle also saw participation from Headline Ventures, Pushpay founder Eliot Crowther, …

Nov. 1 (Reuters) – A close ally of Venezuelan President Nicolas Maduro will now be on trial for money laundering in Miami federal court on Nov. 15, two weeks later than originally planned, in a case that has further strained relations already frayed between Washington and Caracas. Prosecutors say Alex Saab, a Colombian-born businessman and …

October 30 – FARMINGTON – Criminal affidavit filed in federal court describes how FBI alleges intercepted phone calls, deleted texts and Facebook messages link a dozen people to what it calls an illicit cultivation and distribution operation of marijuana and money laundering. Six of the 12 people named in the lawsuit appeared on Friday for …

criminality Yannick A. Minang, 27, was sentenced by US District Court judge Patti B. Sarris to more than four years in prison. BOSTON – A man from Hingham who had previously been convicted of money laundering was convicted on Wednesday in a commercial email compromise program (BEC), according to a statement by Acting United States …

Express news service BENGALURU: Exactly one year after his arrest by the Directorate of Execution (ED), Bengaluru area, under the Prevention of Money Laundering Act (PMLA), 2002, Bineesh Kodiyeri was released on bail by the Karnataka High Court on Thursday. Bineesh is the son of Kerala Chief CPM Kodiyeri Balakrishnan. Bineesh has been in judicial …

* Photo: Metin AktaÅŸ – Ankara / AA Click to read the article in Turkish Ä°YÄ° Party President Meral AkÅŸener spoke about the management of the economy in Turkey during her weekly group meeting today (October 27). She recalled that the Financial Action Task Force (FATF) for international financial monitoring has placed Turkey on a …

The ED has filed a complaint against a drug trafficker based in Himachal Pradesh in connection with a money laundering case. The ED had opened a money laundering investigation based on an FIR registered by the Himachal Pradesh police under the Narcotics and Psychotropic Substances Act (NDPS). As part of a crackdown on drug traffickers, …

New Jersey, United States, – The Anti-Money Laundering Software Market The report focuses on economic developments and consumer spending trends in different countries for the forecast period 2021 to 2028. The research further reveals which countries and regions will have a better reputation in the coming years. Apart from this, the study talks about the …

MIAMI, Fla. (CW44 News At 10) – A federal grand jury in the Southern District of Florida issued an indictment on October 7, which was unsealed today, charging three Colombian nationals and two Venezuelan nationals for their roles alleged in the laundering of the proceeds of the sale. contracts to supply food and medicine to …

I’m Chris Davis, USA TODAY VP of Investigations, and this is The Backstory, a look at our biggest stories from the week. This week, I resume this column from the editor-in-chief Nicole Carroll to give you an overview of what it takes to uncover life-changing truths and laws. If you’d like to have The Backstory …

On October 8, 2021, the Financial Sector Regulatory Authority (FINRA) published a regulatory notice urging its member companies (that is to say., brokers) to consider how they will integrate the government-wide anti-money laundering and terrorist financing (CFT) priorities of the US Treasury Department into their AML-based compliance programs. the risks. .1 Although the Treasury’s Financial …

Oct. 18 (Reuters) – Alex Saab, a businessman accused of money laundering on behalf of the Venezuelan government, will be brought to justice on Monday in federal court in Florida in a case between the United States and the government of Venezuela. president Nicolas Maduro. In 2019, U.S. prosecutors indicted Saab as part of a …

Then, in 2008 – as the country began to slide completely into the Great Recession – a twenty-something Miami investor named Chaim Schochet showed up. Working for a company called Optima International, Schochet offered $ 16.75 million for the empty building. Far from Motorola’s investment, but more than the locals could have hoped for. They …

Actor Jacqueline Fernandez was invited by the Directorate of Enforcement (ED) to appear before the agency and record his statement on Saturday after ignoring his summons on Friday in connection with an ongoing money laundering case investigation against suspected con artist Sukesh Chandrashekar, officials said. Fernandez, 36, appeared before the federal agency once in August …

Thursday, October 14, 2021 The Justice Department is aggressively scrutinizing cryptocurrency market participants – including “financial institutions working with cryptocurrency” – to thwart the use of technology as a vehicle for money laundering and fraud. ‘other illegal activities. Even as cryptocurrency becomes more mainstream, it is the primary request mechanism for ransomware payments, typically underpins …

On October 6, 2021, the United States Department of Justice (“DOJ”) announced the creation of a National Cryptocurrency Enforcement Team (“NCET” or “Team”) to tackle investigations and prosecutions of criminal cryptocurrency abuses, including crimes committed by currency exchanges, mixing and tumbling services, and money launderers.[1] The DOJ’s announcement came the same day it launched its …

Through Tobias Schweiger, CEO, Hawk AI EEarlier this year, the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) fined Capital One $ 390 million for “willful” anti-money laundering (AML) breaches between 2008 and 2014. For compliance operators in the space, the action was a strong signal of rigorous enforcement, and perhaps a sign of increased …

A Ferrari and a Bugatti Veyron, part of a collection of luxury cars belonging to Teodoro Obiang and confiscated by the prosecutor’s office in Geneva, Switzerland, September 2019. [Reuters] In May last year, the Ethics and Anti-Corruption Commission (EACC) secured asset freezing orders from Migori governor Okoth Obado and members of his family as part …

Amid the third massive leak of offshore account records in the past six years, known as the Pandora Papers, this newspaper urges US President Joe Biden to re-energize the Financial Action Task Force (FATF) in line with his campaign promises. Unlike previous leaks, in 2016 and the following year, the Pandora Papers – a wealth …

NFT developer Dapper Labs has agreed to a long-term partnership with blockchain tracing company Chainalysis to detect and prevent non-fungible token money laundering (NFT) and market manipulation, Chainalysis announced Thursday. Dapper Labs will use Chainalysis’s Know Your Transaction (KYT) and Reactor compliance tools, which report suspected criminal activity and enable further investigation of those transactions, …