Money Laundering via the Concert Business
Reported by Johnny Mitchell Click Link to Watch Video: https://www.tiktok.com/t/ZT8Uy63Jf/
Tag: money laundering
Backpage founder convicted of money laundering; Arizona jury deadlocks on 84 other counts
Reported by JACQUES BILLEAUD Associated Press Michael Lacey, a founder of the lucrative classified site Backpage.com, was convicted Thursday on a single count of money laundering and acquitted on another. But an Arizona jury deadlocked on 84 other counts against him in a case that alleged he participated in a scheme to sell sex ads, leading […]
‘No questions asked’: how Russian money is fuelling a building boom in northern Cyprus
Reported by Helena Smith “Russian speakers love living here, they like to be in a community and ours is growing all the time,” says Ruslan Ibrayev, the salesman greeting customers at the head office of the Hub property investment firm in Iskele in Turkish-occupied northern Cyprus. The area, he beams, has become a magnet for […]
As 2024 Approaches, Are You Ready For The Corporate Transparency Act?
Reported by Kelly Phillips Erb Americans like to think of ourselves as open for business—suggesting transparency—other countries aren’t so sure. A 2014 Organization for Economic Cooperation and Development—or OECD—report noted that the Foreign Action Task Force, or FATF, scored the U.S. as “non-compliant” when focused on the “transparency of legal persons and arrangements.” And the Tax Justice […]
PwC Cyprus moved £1bn for Russian tycoon on day he was put under sanctions
Reported by Simon Goodley For years, Cyprus has acted as a gateway for Russian fortunes into Europe, with the PwC partnership in Nicosia seeming to have profited from that flow of business. An analysis of the files from Cyprus Confidential project – a cache of 3.6m offshore records leaked to the International Consortium of Investigative […]
How the U.S. financial system props up illegal logging and mining
Reported by Maxwell Radwin The FACT Coalition, a group advocating for a fair tax system in the U.S., recently made the case that more attention needs to be paid to “financial secrecy” in conservation circles. It’s an often-overlooked part of fighting climate change, deforestation and pollution, its report said, not to mention an overlooked part of the […]
Danske Bank ex-employees trial for $1.6 billion laundering begins
Reported by Rachael Rajan The trial of six former Danske Bank employees commenced today at Harju County Court, marking the start of what is expected to be a detailed examination of one of the largest money laundering cases in Europe. The defendants stand accused of operating a professional money laundering scheme within the bank between […]
Swiss Banks Get Police Tips on How to Spot Hamas Financing
Reported by Allegra Catelli, Bloomberg News Swiss police sent a tip-sheet to several banks and asset managers on how to spot suspicious payments directed to Hamas. Such payments are “often carried out under the guise of fundraising campaigns for humanitarian aid,” the police says in a letter cited by public broadcaster SRF. The request to […]
Aid organisation accused of funnelling money to terror group Popular Front for the Liberation of Palestine in Gaza
Reported by SHARRI MARKSON Australians have been donating tens of thousands of dollars to an aid organisation in Gaza that’s been accused of funnelling the money to a hardline Islamic terrorist group. Sky News can reveal the charity founded by the Australia Palestine Advocacy Network president Nasser Mashni is sending money to a Gaza-based health […]
How Misinformation On Hamas And Crypto Fooled Nearly 20% Of Congress
Reported by Sam Lyman Following Hamas’ attack, a report emerged with estimates that the terrorist organization had raised more than $130 million in cryptocurrency to fund its war against Israel. Senator Elizabeth Warren—the self-appointed generalissima of the “anti-crypto army”—latched onto this eye-popping figure to conscript 104 of her congressional colleagues to sign a letter to the White House urging […]
Financial Crime News Briefs 