Reported by Susan Hogan, News4 Consumer Investigative Reporter and Ambar Rodriguez Job postings offering opportunities to make good money working from home could be illegal schemes recruiting money mules, the FBI warned. These are a few red flags a job opportunity may be a sham: Read full report: https://www.nbcwashington.com/news/consumer/fbi-warns-of-job-postings-that-could-be-money-laundering/3488392/?amp=1
Jamie Dimon, CEO of JPMorgan Chase, articulates why crypto should be shut down for good.
Reported by James Rothwell and Michael Bow Investors with prior knowledge of the Oct 7 Hamas massacre earned at least tens of millions of pounds short-selling Israeli stocks in the days before, according to a report. Traders with potential links to Hamas put huge bets against the Israeli economy in the run-up to the attack and […]
Reported by Derek Decloet Royal Bank of Canada was fined C$7.48 million ($5.5 million) for a series of violations under the country’s money-laundering and terrorist-financing law. Royal Bank, Canada’s largest lender, failed to submit suspicious transaction reports in 16 cases out of 130 reviewed, Fintrac said. The agency also found that the Toronto-based company “lacked […]
Reported by VICTOR JACK AND GABRIEL GAVIN A Western effort to cap Russia’s oil revenues after Moscow launched its war on Ukraine has essentially failed a year since it was first agreed, a new report seen by POLITICO found, prompting renewed pleas from Kyiv for its allies to take tougher action. G7 nations and the […]
Reported by Matthew Erskine The “Center for Art Law Report on Anti-Money Laundering and Art” is an enlightening and comprehensive guide that explores the practices of Anti-Money Laundering (AML) in the art sector across EU member states and the UK, following the enforcement of the EU’s 5th AML Directive in 2018. This Directive brought the […]
Reported by Penny Corpsman In an effort to become more efficient, large banks increasingly automate anti-money-laundering and fraud detection work, and centralize decision making among a small group of people far removed from customers. Innocent customers can get caught up in the rush, and they often have little to no recourse if their accounts are […]
Reported by Chanyaporn Chanjaroen and Low De Wei Wang Dehai was already on the run when he made Singapore his home five years ago. Police in China were offering a bounty for information about him for his alleged role in an illegal gambling ring. Once in Singapore, Wang and his wife set up a family […]
Reported by Orla McCaffrey The American Bankers Association is creating an information-sharing exchange that member banks will be able to use to get the names and account information of suspected scammers almost in real time. The exchange, which has yet to be named, is designed to combat a range of financial crimes from fraud to […]
Reported by Jon Levine The Rockefeller Brothers Fund has links to two groups the Israeli government designated “terrorist organizations,” a review of public records by The Post shows. Founded in 1940, the famous clan’s $1.3 billion fund — where Justin, Wyatt and David Rockefeller Jr. sit on the board of trustees — has shelled out […]
Financial Crime News Briefs 