Reported by: U.S. Department of Justice A New York man pleaded guilty in the Eastern District of New York to money laundering for his role as the owner and operator of a voice over internet protocol (VoIP) company that facilitated and profited from the introduction of fraudulent robocall traffic into the United States. Jon J. […]
Reported by: Barney Jopson in Madrid and Jude Webber in Dublin Spanish police have arrested a man they say is one of Europe’s biggest money launderers, the associate of a notorious Irish gang who used a sham vodka brand and underground banking to process up to €350,000 a day of dirty funds. The authorities did […]
Reported by: Jeremy Sharon According to the Israel Money Laundering and Terror Financing Prohibition Authority, which operates under the Justice Ministry, organized crime’s share of all financial crimes grew from 6.8 percent in 2020 to 19% in 2021. Organized crime in the Arab sector has become a severe problem in recent years. The scarcity of […]
Reported by: Kyle Jaeger The U.S. Treasury Department has formally sent the White House its proposal to start collecting data on marijuana businesses from banks—alongside industries it already tracks like liquor stores, convenience stores, casinos and car dealers—as part of its ongoing efforts to combat money laundering activities. In a notice published in the Federal […]
Reported by: Department of Justice, U.S. Attorney’s Office Eastern District of New York Viktor Zelinger, also known as “Vitya” and “Vityok,” the alleged leader of an Eastern European organized crime syndicate that operated in the Brighton Beach, Sheepshead Bay and Coney Island neighborhoods of Brooklyn and was linked to high-level Russian mafia members known as […]
Reported by: Savannah Fortis The electronic payments provider ePayments is putting the final nail in the coffin of its operations. ePayments issued email notices to clients on Tuesday, stating that it is officially closing its business operations in light of local regulations. The financial services provider was one of the largest electronic payment providers in […]
Reported by: Emma Dunkley Austrac, Australia’s financial crime watchdog, is investigating Entain to check whether the London-listed betting company has complied with anti-money laundering and counter-terrorism financing rules. Entain Australia, which last year accounted for about a tenth of group revenue, said it was “co-operating with the investigation which relates to the historical period from […]
Reported by: Stephen Breen The crumbling Kinahan cartel has forged links with Hezbollah and Iran, the Irish Sun has learned. Of the Kinahans, a source said: “They’ve established money laundering links to Hezbollah and Iran. “It’s purely about money, as Hezbollah is one of the main local laundering operations. “Every major organised crime group on […]
Reported by: Hugo Lowell Top former Trump strategist Steve Bannon has been charged in New York with money laundering, conspiracy and scheme to defraud in connection with his role in a fundraising effort to privately underwrite the construction of the US-Mexico border wall, according to the indictment unsealed on Thursday. The indictment includes two counts […]
Financial Crime News Briefs 