Day: January 5, 2024

Written by FinCrime

Prosecutors accuse Rays shortstop Wander Franco of commercial sexual exploitation, money laundering

Reported by MARTÍN ADAMES ALCÁNTARA Dominican prosecutors on Wednesday accused Wander Franco of commercial sexual exploitation and money laundering following allegations that the Tampa Bay Rays shortstop had a relationship with a minor whose mother also faces the same charges. Prosecutors requested that a judge hold Franco on an $86,000 bond, bar him from leaving […]

Written by FinCrime

Why is Brazil a hotspot for financial crime

Reported by The Economist Brazilians have long been early adopters of fintech. In 2017, EY, an accounting firm, found that two-fifths of Brazilians regularly used online banking, one of the highest rates worldwide. In 2020 44% of customers had a digital-only account, compared with less than 20% in the United States and Canada, according to […]