Dan Adamson, President of DDIQ & Global Head of Cognitive Computing at Exiger, believes that technology is not a human’s rival, but an opportunity to grow our human capabilities. Combining both humans and technology will extend human intelligence, rather than… Read more >
Hollywood is known for glamour and money, but behind all of the luxuries, scandals and financial crime are on the rise. Globally, there has been an exponential rise of the anti-money laundering (AML) movement since regulatory standards heightened as a result… Read more >
Knowing information about changes in government policy is extraordinarily important in the trade industry. In this case, David Blaszczak, a Washington consultant, and four other men were charged for an insider-trading scheme, allegedly using confidential government information to trade with… Read more >
Costas Takkas, a former general secretary of the Cayman Islands Football Association pleaded guilty to a money laundering conspiracy in connection with the U.S. bribery investigation involving FIFA, the international governing body of soccer. Takkas was one of 40 other… Read more >
Petrofac, a UK based Oilfield services firm, was recently being investigated by the UK’s Serious Fraud Office (SFO) prompted by suspicion of bribery, corruption, and money laundering related to Unaoil, an industrial solutions company based in Monaco. This past Thursday,… Read more >
This past Tuesday, the federal appeals court ruled against owners of the now inoperative Banca Privada d’Andorra S.A. who wanted to reverse the claim that the organization was a “primary money laundering concern” by the U.S. Treasury Department. Ramon and… Read more >
For a number of years now, employees of Citigroup have been skeptical that the millions of dollars the bank was routing to Mexico were suspicious, however, the bank failed to forewarn regulators or look more closely at their monitoring system… Read more >
AML, Compliance, Country, Fines, Mexico
A Russian crime syndicate that has been accused of laundering hundreds of millions of dollars has allegedly been routing millions into nearly 30 Canadian bank accounts, establishing the largest tax fraud in Russian history. U.K.-based businessman Bill Browder, who was… Read more >
AML, Canada, Compliance, Country, Russia
Mega Financial Holding Co Ltd, one of Taiwan’s five-biggest financial firms, allegedly violated anti-money laundering rules, however, prosecutors dropped the case and said on Monday they will not indict Mega Financial Holding. The prosecutors believe that Mega Financial Holding Co… Read more >
Income-Tax scans were done on at least three multistate co-operative credit societies from Maharashtra, India. The three societies are under investigation for the alleged laundering of approximately Rs 1,390 crore ($21.6 million USD) of unaccounted money through various banking routes… Read more >