Financial Crime
Understand emerging money laundering methods, fraud schemes and financial crime threats. Topics include shell companies, nominee arrangements, trade-based money laundering, sanctions evasion, terrorist financing, proliferation financing, virtual assets and cross-border criminal networks.
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Five Charged in $1.05 Million U.S. Treasury Check Scheme Involving Money Laundering
Five Houston-area residents have been charged in a 33-count federal indictment over an alleged scheme to obtain and move proceeds from a counterfeit U.S. Treasury…
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Mexican National Sentenced to Four Years in Black-Market Peso Exchange Money Laundering Scheme
A Mexican national has been sentenced to four years in federal prison for his role in a two-year, multimillion-dollar trade-based money laundering scheme that moved…
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Colombian National Pleads Guilty in Seven-Year Money Laundering Scheme Using Drug Proceeds
A Colombian national has pleaded guilty in the United States to participating in a seven-year money laundering conspiracy that used drug proceeds to purchase consumer…
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Chinese Money Launderer Sentenced to 15 Years for Moving More Than $92 Million in Illicit Funds
A Chinese national has been sentenced to 15 years in U.S. federal prison for his role in a Chinese money laundering organisation that moved more…
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Fintel Alliance Finds Coordinated Mortgage Fraud Across Major Australian Banks
AUSTRAC’s Fintel Alliance has identified coordinated mortgage fraud and systemic weaknesses across Australia’s lending sector after analysing data from 10 major banks. According to AUSTRAC,…
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Singapore to Charge 20 Suspects Over Money Mule Activities Linked to Scam Proceeds
Singapore Police will charge 20 people over suspected scam-related money mule activities, in a case involving the use of bank accounts, cash collection, Singpass credentials…
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Ohio Man Pleads Guilty to Laundering $3.4 Million in Health Care Fraud Proceeds
An Ohio man has pleaded guilty to laundering approximately US$3.4 million in health care fraud proceeds through multiple regional banks on behalf of a foreign-based…
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Cuban National Pleads Guilty in Alien Smuggling and Money Laundering Conspiracy
A Cuban national has pleaded guilty in the United States to alien smuggling, asylum fraud and money laundering charges arising from an international network that…
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Singapore Police Warn of Telegram Account Takeovers Using Fake Public Transport Voucher Scheme
Singapore Police have warned of a resurgence in Telegram account takeovers linked to messages falsely promoting a “Public Transport Voucher Scheme”, with scammers using phishing…
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Malaysian Man to Be Charged in Singapore Over Counterfeit Instruments Linked to Scams
Singapore Police will charge a 23-year-old Malaysian man over his suspected involvement in scams after officers found counterfeit official-looking instruments and fake employee passes during…
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