Reported by Remy Tumin Ashpia Natasha was heading to Long Island to run errands last Wednesday when a Honda Civic cut her off in the left lane on the Belt Parkway. She slammed on her brakes and came to a complete stop. Seconds later, the Honda abruptly went into reverse, slamming into her Acura, and […]

Reported by Rob Harkav A FINTRAC bulletin highlights how the legal profession plays a major role in facilitating illicit transactions. Legal professionals across Canada are increasingly at risk of being exploited by money launderers and financial criminals, according to a bulletin issued earlier this week by FINTRAC, Canada’s federal anti-money laundering authority. The bulletin was issued to alert […]

Reported by Anna Cooban, CNN ChatGPT can be duped into providing detailed advice on how to commit crimes ranging from money laundering to the export of weapons to sanctioned countries, a tech startup found, raising questions over the chatbot’s safeguards against its use to aid illegal activity. Norwegian firm Strise ran two experiments asking ChatGPT for […]

Reported by Will Freeman,  Steven Holmes and Mariana Fernandez Rubach Forget corrupt banks. Drug cartels have a new favorite tool for laundering money—remittances sent via services like Money Gram and Western Union.   Lax government oversight allows cartels to launder billions through remittances annually. But it doesn’t have to be this way. Congress and U.S. embassies can take steps […]

Reported by Reuters Lebanon is set to be placed on a grey list of countries under special scrutiny by a financial crime watchdog at the end of this week, despite requests from Lebanese officials for leniency, four people familiar with the proceedings said on Monday. Central bank governor Wassim Mansouri said in August he was working to […]

Reported by Will Anderson, Chief Marketing Officer, Eastnets A large shipping vessel departs a Southeast Asian port, laden with electronics ostensibly worth $2 million. However, unknown to customs officials, the goods are deliberately undervalued, with the actual market value exceeding $10 million. This classic example of under-invoicing, a hallmark of trade-based financial crime, allows criminals to […]

Reported by Sarah Maslin Nir (Summary version of report featured below) Lisa Schiff, a prominent art adviser, pleaded guilty to wire fraud for stealing $6.5 million from clients who trusted her to buy art on their behalf. Schiff, whose clientele included high-profile collectors like Leonardo DiCaprio, was accused of diverting funds meant for art acquisitions […]

Reported by The U.S. Department of the Treasury and CoinTelegraph The U.S. Department of the Treasury announced significant progress in combating fraud and improper payments, recovering over $4 billion in fiscal year 2024—an increase from $652.7 million in the previous year. This success is largely attributed to the integration of artificial intelligence (AI) and data-driven […]

Reported by Associated Press A Vietnamese real estate tycoon was convicted on Thursday of fraudulently obtaining property worth billions of dollars and sentenced to life in prison, in a case that has been a centrepiece of the government’s crackdown on corruption. Truong My Lan was already convicted in April by the same Ho Chi Minh City […]

Reported by CHAVA GOURARIE The U.S. Treasury Department has renewed a program to root out money laundering in certain high-end property markets beginning Wednesday, the agency announced. Under the program administered by the Financial Crimes Enforcement Network (FinCEN), certain investment advisors and real estate brokers are required to report the real identities of buyers and […]