Reported by Dan McGarry (OCCRP), Emanuel Stoakes (OCCRP), Gareth Vaughan (Interest.co.nz), Mattias Carlsson (Expressen), Yana Mickevich and Dzmitry Charapahau (BIC), Karolis Jursys, Gabrielė Navickaitė and Jūratė Damulytė (15Min.lt) (Summary shared below. To read full report, go to: https://www.occrp.org/en/project/the-worldclear-files/inside-the-tiny-new-zealand-firm-that-transferred-millions-for-high-risk-clients) The story uncovered by the  Organized Crime and Corruption Reporting Project is not really about one tiny […]

Reported by Kalyeena Makortoff (Excerpt shared below. To read full report, go to: https://www.theguardian.com/business/2026/may/05/hsbc-profits-fall-fraud-related-charge-iran-war) HSBC has taken a $1.3bn (£961m) hit to profits, amid the fallout from the US-Israel war on Iran and fraud in the troubled private credit sector. The London-headquartered bank said profits fell 4% in the first three months of the year, dropping […]

Reported by FinTech Global (Excerpt shared below. To read full report, go to: https://fintech.global/2026/05/13/fenergo-targets-buyside-friction-with-investor-portal/) Fenergo has unveiled its Digital Subscriptions capability, embedded directly within its Investor Portal, bringing the fund subscription process into a single digital workflow for the first time. The new offering lets asset managers and other buyside firms connect investor onboarding, KYC and […]

Reported by Ben Kochman and David Propper (Excerpt shared below. To read full report, go to: https://nypost.com/2026/05/15/us-news/iraqi-national-with-suspected-ties-to-hezbollah-wanted-to-bomb-ny-synagogue-in-retaliation-for-iran-war-docs/) A suspected terrorist with ties to Iran’s military has been arrested and hauled to New York to face charges of carrying out and plotting nearly 20 attacks across Europe and Canada – with plans to blow up a Big […]

Reported by Kate Hinsche (Excerpt shared below. To read full report, go to: https://therealdeal.com/miami/2026/05/14/developer-rishi-kapoor-pleading-guilty-in-85m-fraud-case/) The disgraced former Location Ventures CEO Rishi Kapoor will plead guilty this week to money laundering and payroll tax conspiracy charges related to a federal fraud investigation. He will enter the plea on Friday, two months after he was arrested at a […]

Reported by Insight Crime (Excerpt shared below. To read full report, go to: https://insightcrime.org/news/how-ai-illuminated-tren-de-araguas-money-laundering-methods/) How We Used AI to Cover Money Laundering’s Evolution in Tren de Aragua We knew that some of Tren de Aragua’s money laundering techniques had changed, but wanted to learn if there had been a systematic evolution. Nelson AI proposed a […]

Reported by Howard Blume (Excerpt shared below. To read full report, go to: https://www.latimes.com/california/story/2026-05-12/lausd-wants-back-22-million-tied-to-criminal-conflict-of-interest-case) Over four-years, a Los Angeles school district manager enriched herself with $3 million in kickbacks by working with a tech company executive to deliver $22 million in work, according to allegations in a lawsuit filed by the school district. She gave […]

Reported by Olesia Safronova (Excerpt shared below. To read full report, go to: https://www.bloomberg.com/news/articles/2026-05-11/zelenskiy-s-former-top-aide-is-accussed-of-money-laundering?embedded-checkout=true) Ukraine’s anti-graft authorities have accused President Volodymyr Zelenskiy’s former top aide of money-laundering, according to a statement on Monday. NABU and SAPO, two agencies responsible for fighting corruption in Ukraine, said they “exposed an organized group involved in the legalization of 460 million […]

Influencers’ Money-Laundering Techniques Reported by (Excerpt shared below. To read full report, go to: https://insightcrime.org/news/how-influencers-launder-money-for-criminal-groups/) Influencers can help launder money from criminal activities in several ways, in some cases unknowingly. Raffles are one of the main red flags, as influencers receive large sums of money through ticket sales, transactions that are not always reported to […]

Reported by FinTech Global (Excerpt shared below. To read full report, go to: https://fintech.global/2026/05/07/mas-uses-ai-to-fight-financial-crime-in-singapore/) The Monetary Authority of Singapore (MAS), Singapore’s financial regulatory authority, has announced a collaboration with the banking sector, the Government Technology Agency of Singapore, and the Singapore Police Force to deploy artificial intelligence and machine learning (AI/ML) in the battle against […]