Reported by Brian New, Lexi Salazar The second she hung up the phone, Phyllis Lopez knew she had been scammed. “All I can say is I was dumb that morning because it just went right over my head,” said the 71-year-old Fort Worth resident. The scheme started with a text message about a fraudulent charge. Then […]

Reported by Itai Zehorai For more than 30 years as the organization’s leader, Nasrallah turned Hezbollah not only into an influential political and military force but also into a massive economic power that generated billions of dollars in revenue for him. This is how money worked in service of the terror industry. 83 tons of […]

Reported by PYMTS The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has withdrawn its finding that ABLV Bank, AS is a financial institution of primary money laundering concern, because the bank no longer operates as a depository institution. ABLV was a commercial bank located in Riga, Latvia, and FinCEN found it to be of money laundering concern in 2018, […]

Reported by Lekha Gupta Visa Inc. (NYSE:V) shares are trading higher on Thursday. The company inked a deal to acquire Featurespace for an undisclosed amount. Featurespace is a developer of real-time AI payments protection technology that addresses fraud and financial crime risks. This acquisition is expected to enhance Visa’s portfolio of fraud detection and risk-scoring solutions, supporting clients […]

Reported by Craig McCarthy, Ben Kochman and  Matt Troutman Mayor Eric Adams has been indicted by a grand jury on charges connected to a federal probe that has shaken his administration, sources told The Post. The historic indictment of the first sitting mayor of New York City is expected to be unsealed Thursday by US Attorney Damian Williams, […]

Reported by ALEXANDRA POSADZKI Canada’s anti-money-laundering watchdog terminated a senior intelligence officer earlier this year over allegations of improper handling of a suspicious-transaction report, according to documents filed as part of a grievance before a labour board. The Financial Transactions and Reports Analysis Centre of Canada, or FinTRAC, has accused Barry MacKillop, the agency’s former […]

Reported by Barnini Chakraborty Caroline Ellison, the ex-girlfriend and top executive in Sam Bankman-Fried’s cryptocurrency empire, will be sentenced Tuesday for her role in the collapse of the crypto exchange FTX and its affiliated hedge fund Alameda Research. Ellison’s defense team and prosecutors have asked Judge Lewis Kaplan for leniency, claiming her testimony against Bankman-Fried was key in the federal government’s […]

Reported by Kalyeena Makortoff A lack of proper oversight across the City of London’s network of lawyers, bookkeepers and accountants is hampering efforts to crack down on dirty money being funnelled through the UK, the City watchdog has warned. The latest report by the Financial Conduct Authority (FCA) flagged concerns over the work of the UK’s […]

Reported by Willem Marx (Summarized version of original article) Tigran Gambaryan, an expert in tracing cryptocurrency transactions tied to criminal activities, has had an extensive career working with various law enforcement agencies, including the California Franchise Tax Board, the IRS, and Europol. He played a crucial role in shutting down contraband marketplaces like Silk Road. […]

Reported by Marie Preisler Danish authorities have introduced tighter legislation and lawsuits to stop cooperation between gangs and lawyers in cases of money laundering and social dumping. The TV documentary The Black Swan sent shockwaves through Denmark in early 2024 with revelations that criminal gangs and corporate lawyers are collaborating to defraud the state of […]