Reported by Alex Wickham The UK government suspects Russian nationals have exploited lax checks by the companies register in attempts to launder war profits stolen from Ukraine, according to people familiar with the matter. British law enforcement agencies have identified large numbers of sham companies incorporated in the UK by nationals from a range of […]
By Ross Ibbetson For Dailymail.com21:50 10 Mar 2023, updated 22:52 10 Mar 2023 The CEO of Silicon Valley Bank sold $3.57m of stock in a pre-planned, automated sell-off two weeks before it collapsed – and the CFO ditched $575,000 the same day. Greg Becker sold 12,451 shares at an average price of $287.42 each on […]
Reported by: U.S. Department of Justice A former managing director of The Goldman Sachs Group Inc. (Goldman Sachs) was sentenced today to 10 years in prison for his role in a multibillion-dollar bribery and money laundering scheme involving Malaysia’s state-owned investment and development fund, 1Malaysia Development Berhad (1MDB). “Today, Roger Ng was sentenced for his […]
Reported by JOEL KHALILI When the US government announced sanctions against Tornado Cash last August, the warning seemed to be aimed at all crypto mixers. Alleging that Tornado Cash had been used to launder $7 billion in digital currency—including half a billion dollars tied to Lazarus, a hacking group sponsored by North Korea—the US Treasury’s Office […]
Reported by Reuters OSLO, March 8 (Reuters) – The ethics watchdog of Norway’s $1.3 trillion sovereign wealth fund said on Wednesday it is investigating whether three companies in which the fund has invested are involved in financial crime. The Council on Ethics for the Government Pension Fund Global in its annual report said two European […]
Reported by: Matthew Horwood Federal regulators yesterday fined a Toronto-based bank $676,500 for breach of regulations under the Proceeds Of Crime And Terrorist Financing Act. According to Blacklock’s Reporter, the penalty for Wealth One Bank of Canada was the steepest levied in two years. “We will be firm in ensuring businesses continue to do their part,” Sarah Paquet, […]
Instagram/Kim Kardashian, Screengrab/Instagram/Leonardo DiCaprio Reported by: DRIMA CHAKRABORTY Choose your friends wisely. Kim Kardashian and Leonardo DiCaprio rediscovered the saying when they were caught up in the 1Malaysia Development Berhad (1MDB) scandal due to their connections with Malaysian fugitive Jho Low, as recently-uncovered Federal Bureau of Investigation (FBI) documents revealed. The 2019 documents, reported by Bloomberg […]
Despite widespread public reporting about the cellist’s connections to Vladimir Putin (pictured), the bankers signed off on declarations that Sergei Roldugin was not a ‘politically exposed person’ © Sergei Bobylyov/AFP/Getty Images Reported by: Sam Jones in Zurich Prosecutors in Switzerland have charged four bankers with helping to hide tens of millions of Swiss francs on […]
Reported by: John Mooney, Crime and Security Correspondent, The Sunday Times A high-profile financier based in Dubai is suspected of laundering part of the Kinahan cartel’s €1 billion fortune through the British and American film industries. An international police investigation into the crime gang’s financial structure has uncovered a network of professionals in Dubai, London, […]
Reported by Dave Michaels The founder of telehealth provider Ontrak Inc. was charged in a first-of-its-kind criminal insider-trading case, with prosecutors alleging he sold millions of dollars worth of stock while misusing a trading plan that executives normally deploy to shield themselves from such suspicions. Ontrak chief executive Terren Peizer set up the prearranged trading […]
Financial Crime News Briefs 