Reported by: Rupert Neate Wealth correspondent More than 138,000 residential and commercial properties in England and Wales are owned by offshore companies, with holdings in London worth a combined £55bn, according to research shared with the Guardian. The findings come as the government begins a crackdown to dismantle the secrecy that surrounds offshore property ownership, […]
Reported by: DAVID JOLLY The IRS’s Criminal Investigation division is building “hundreds” of crypto cases, and many of them will soon be public, division chief Jim Lee said Thursday. The cases involve areas like “off-ramping” transactions, in which digital assets are exchanged for fiat currency, as well as people being paid in crypto and not […]
Reported by: Olaf Storbeck Germany’s financial watchdog BaFin has threatened to fine Deutsche Bank if it misses crucial deadlines for fixing its money-laundering controls — the latest escalation of a four-year tussle between lender and regulator. Bonn-based BaFin on Friday again publicly rebuked the country’s largest bank, highlighting that attempts over a number of years to improve […]
Reported by: Hugh Son Goldman Sachs is making a bid to standardize the way the financial industry talks about, tracks and invests in the burgeoning universe of digital assets, CNBC is first to report. The investment bank is set to unveil a data service created with global index provider MSCI and crypto data firm Coin Metrics that […]
Reported by: AYANA ARCHIE The Justice Department has arrested 21 people suspected of belonging to a theft ring that made millions of dollars from stolen catalytic converters, the car parts that have increasingly become targets across the country. A team of law enforcement agencies at the local, state and federal levels seized hundreds of millions […]
Reported by: Reuters Payment-seeking software made by Russian hackers was used in three quarters of all the ransomware schemes reported to a U.S. financial crime agency in the second half of 2021, a Treasury Department analysis released on Tuesday showed. In analysis issued in response to the increase in number and severity of ransomware attacks […]
Reported by: Ben Werschkul Before Democratic canvassers left to search for any last-minute undecided voters on Sunday, Rep. Abigail Spanberger (D-VA) gave a pep talk on the hot-button topics that might come up — such as infrastructure, prescription drug prices, and gun violence. But after she finished, a canvasser named Frank Krogh asked about another […]
Reported by: Tad Simons Technology Journalist/Thomson Reuters At the 21st Annual Anti-Money Laundering & Anti-Financial Crime Conference, held by the Association of Certified Anti-Money Laundering Specialists (ACAMS), Rebecca Kiethley, a Federal Bureau of Investigation (FBI) fraud specialist, explained that people over 70 years of age control 75% of the wealth in America, and over the […]
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