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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: August 14, 2024

Written by FinCrimeAugust 14, 2024

Mozambique’s former finance minister convicted in $2bn ‘tuna bonds’ case

Reported by Joe Mille A former finance minister of Mozambique has been found guilty of accepting $7mn in bribes as part of what became known as the “tuna bonds” scandal, and underwriting a series of bogus investments that ultimately imploded and wrecked the country’s economy. A Brooklyn jury on Thursday convicted Manuel Chang of conspiracies […]

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