A former Citibank relationship manager has been sentenced to two years in prison for his role in one of Singapore’s largest-ever money-laundering scandals, according to…
UK’s Anti-Money Laundering Shake-Up Faces Backlash from Legal and Accounting Sectors
According to the Financial Times, law firms and accounting organizations across the United Kingdom are pushing back against a Treasury plan to give the Financial…
Brazil’s Federal Police dismantle $540 million crypto laundering network in “Operation Lusocoin”
Brazil’s Federal Police have broken up a massive cryptocurrency-based money-laundering operation that moved more than 50 billion reais (about USD 9 billion) through a network…
Libyan Central Bank calls for swift approval of anti–money laundering laws
Libya’s Central Bank has urged authorities to fast-track the adoption of new legislation to combat money laundering and terrorism financing, warning that further delays could…
KuCoin faces $14M Canadian enforcement case over registration and money-laundering controls
Cryptocurrency exchange KuCoin is challenging a major enforcement action in Canada after regulators accused it of failing to register as a money services business and…
Brazilian criminal organization laundered nearly $1 billion through gas stations, motels, and franchises, investigators say
Brazilian investigators say a criminal organization laundered almost 6 billion reais ($1 billion) in four years using gas stations, motels, franchises, and real estate. The…
Roman Abramovich Under Investigation for Money Laundering in Jersey
The criminal investigation surrounding Roman Abramovich centers on two primary allegations that span decades of financial activity. Jersey authorities have launched a comprehensive probe into…
Federal Authorities Dismantle International Ransomware Operation, Seize $3 Million in Criminal Assets
A multi-jurisdictional investigation targeting a sophisticated cryptocurrency money laundering scheme has resulted in the seizure of nearly $3 million in digital assets and the indictment…
Brink’s Subsidiary Agrees to $92 Million in Penalties Over Money Transport Violations
Brink’s Global Services USA (BGS USA), a subsidiary of The Brink’s Company, has reached settlements with two federal agencies regarding investigations into its cross-border currency…
DOJ’s New Whistleblower Program: A Game-Changer in Fighting Corporate Crime
The Justice Department just rolled out a revolutionary weapon against corporate corruption: immunity for whistleblowers who expose their employers’ dirty laundry. This isn’t just another…