All Financial Crimes articles – Page 5
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NewsBinance unauthorised, says Italian Regulator
Italy’s financial regulator, CONSOB, announced that Binance is not authorised to provide investment services in the country.
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NewsUK police seize record amount of cryptocurrency in money laundering case
The Metropolitan Police (Met) in the UK have confiscated almost £180m ($250m, €210m) in cryptocurrency as part of an ongoing investigation into international money laundering.
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NewsCanberra chases suspected stimulus package fraudsters
The Australian Taxation Office (ATO) is following up on more than 200 cases of possible cheating of the country’s JobKeeper wage subsidy scheme introduced last year in response to the Covid-19 pandemic.
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NewsOver 170 Android apps involved in crypto mining scams
Over 170 fake Android apps, including 25 apps in the Google Play store, have defrauded more than 93,000 users through crypto mining scams.
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NewsBritain risks tsunami of fraud, law makers warned
The UK is facing a greater threat from fraud than during the 2008 financial crisis and government efforts to fight it are falling far short, members of Parliament were told.
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NewsMomentum fined for having inadequate measures against financial crime
South Africa’s Financial Sector Conduct Authority (FSCA) has ordered Momentum Wealth and Momentum Collective Investments to pay ZAR11.1m ($773,000, €654,000) after an inspection found weaknesses in their money laundering and terrorist financing controls.
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NewsSingapore looks to combat online fraud
The Monetary Authority of Singapore is leading a task force with banks and payment companies to find ways to better protect consumers against fraudulent e-payments, said home affairs minister Desmond Tan.
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NewsEC ‘to set up AML body’
The European Commission is said to be proposing establishment of the Anti-Money Laundering Authority (AMLA), plus closer supervision of crypto-assets, in response to calls for tougher action against dirty money.
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NewsPakistan establishes AML/CTF unit
The National Accountability Bureau, Pakistan’s anti-corruption watchdog, has set up an anti-money laundering and terror financing team (AML/CTF) to check financial crimes and illegal transfer of resources.
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NewsMalta ‘given deadline’ to exit FATF’s greylist
The Maltese government has reportedly agreed to implement an action plan with the Financial Action Task Force (FATF) to leave the organisation’s greylist by January 2023.
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NewsVatican charges cardinal with embezzlement
The Vatican’s criminal tribunal has indicted Cardinal Angelo Becciu and nine others for financial crimes including embezzlement in connection with a €350m ($415m) London property investment.
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NewsTrump Organization charged with tax fraud
Prosecutors in New York have accused the Trump Organization of a scheme to defraud through a 15-year, off-the-books payment scheme allowing executives to avoid paying taxes on company perks.
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NewsBanks in Latvia improve AML/CTF controls
Latvia’s Finance and Capital Market Commission says banks in the country have implemented numerous changes to improve their internal control systems.
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NewsFinCEN has turned its attention to crypto
The U.S. Financial Crimes Enforcement Network ( FinCEN ) has identified cryptocurrencies as one of the anti-money laundering and countering the financing of terrorism ( AML / CFT ) priorities.
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NewsDigitalisation increases cybercrime risk
The growth in digitalisation has led to a greater threat of falling victim cybercrime, according to respondents in a survey of the MENA region by data provider Refinitiv.
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NewsEnvironmental crime is money laundering threat says FATF
Countries should view environmental crimes such as illegal forestry, mining, land clearances and waste trafficking – and the associated trading – as a money-laundering (ML) risk, according to the Financial Action Task Force (FATF).
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EventFinCrime World Forum day two explores cryptocurrencies, kleptocracies and FinCrime in the MENA region
FinCrime World Forum’s second day has delivered another agenda packed with fascinating ideas and insight into the current and emerging landscape of global financial crime.
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EventFinCrime World Forum deep-dives into corruption, dirty money, and the fight against kleptocracy
Today at FinCrime World Forum, award-winning investigative reporter and Financial Times investigations correspondent, Tom Burgis, discussed the inner workings of a growing global network of kleptocratic elites.
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EventFinCrime World Forum focusses on the stark reality of financial crime facing the EU, with Europol’s Burkhard Mühl
Day two of FinCrime World Forum begins with an investigation into the sheer scale and complexity of the financial crime crisis facing governments across Europe and beyond
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EventFinCrime World Forum explores barriers to RegTech adoption
Why is progress slow when it comes to adopting Regulation Technology (RegTech) in the financial sector? Experts put the issue under the microscope this afternoon in an exclusive panel debate at FinCrime World Forum.