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 […]
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 […]
Reported by Qianer Liu and Eleanor Olcott in Hong Kong, and Tim Bradshaw in London As the US sought to constrain China’s AI development, the Biden administration blocked sales of the A100 and H100 GPUs in October 2022. In response, Nvidia developed two alternative models for China, the A800 and H800, which fell below the […]
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 […]
Reported by U.S. Department of the Treasury Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Ekaterina Zhdanova, a Russian national, for her role in laundering and moving funds using virtual currency on behalf of Russian elites. This action is consistent with the G7’s commitment to crack down on sanctions evasion and closing loopholes […]
Reported by Howard W. Herndon Of Womble Bond Dickinson (US) LLP – News In the world of international finance and crime, criminals and terrorists have always sought innovative ways to launder money and avoid sanctions. One relatively recent method that has gained prominence is known as “sportswashing.” This term refers to the use of sports […]
A must watch video on the international organized crime car theft ring that helps evade Sanctions. The video shows the cars that commonly get stolen, and the role of ports in Baltimore, Boston, and Montreal in shipping these cars to various international locations, including countries under Sanctions. Watch video: youtu.be/nlfVyk641GM
Reported by Carter Pape In recent years, regulators have warmed to the idea of banks using artificial intelligence to comply with anti-money-laundering laws and related regulations for countering the financing of terrorism and preventing other financial crimes. Increasingly, banks have also used this same transaction monitoring technology to protect themselves from fraud. Using AI to monitor transactions […]
Reported by PASCAL HANSENS, SIGRID MELCHIOR, MAXENCE PEIGNÉ AND HARALD SCHUMANN Investigation Since Russia’s invasion of Ukraine in February 2022, the 27 EU countries have adopted 11 sanction packages, targeting all kinds of raw materials such as oil, coal, steel and timber. But raw materials that the EU considers “critical” or “strategic” — 34 in […]
Reported by Ebrima Santos Sanneh Treasury’s Financial Crimes Enforcement Network urged financial institutions Friday to vigilantly monitor and report activity suspected of being related to financing the militant organization currently at war with Israel known as Hamas. Fincen’s alert identified several red flags it says banks should watch which could indicate suspicious activity. These include watching for […]
Financial Crime News Briefs 