#financial-crime

#financial-crime

The Foreign Office will dispatch the UK's anti-corruption champion, Margaret Hodge, to the British Virgin Islands to investigate delays in anti-financial crime proposals.

"Stephen Woodward, 36, pocketed over 1 million from running illegal streaming websites and was sentenced to three years and one month in prison for copyright infringement."

Monzo's financial crime controls were so inadequate that customers registered with implausible addresses, such as Buckingham Palace and 10 Downing Street, without detection.

Felipe Lopez's desperate screams for help went unheard for 30 minutes before he was murdered by his estranged wife's boyfriend, Ismael Alvarez.

The Treasury Department stated that since August 2021, Huione Group and its affiliates had laundered $4 billion for a mix of criminals, including North Korean hackers.

Cantu's sentence reflects the serious damage caused by her fraudulent activities, underscoring the need for accountability in cases of manipulated real estate transactions.

The Justice Department will stop participating in regulation by prosecution in this space. Specifically, the Department will no longer target virtual currency exchanges, mixing and tumbling services.

"The illusion of security on encrypted messaging apps like WhatsApp is being ruthlessly exploited by criminals. Encryption does not equate to immunity from scams."

The IRS Criminal Investigation's new CI-FIRST program aims to enhance communication with financial institutions, speeding up responses to subpoenas and improving crime detection.

Frank founder Charlie Javice is on trial for allegedly defrauding JPMorgan Chase of $175 million, with a key focus on a text calling her codefendant 'the best partner in crime.'

A man named Barnabas Jime was sentenced to two years in prison for his role in a large-scale romance scam that defrauded 120 victims.

A New Jersey woman, Ciara Brascom, allegedly robbed a bank using a painted water gun, threatening tellers and fleeing with $60,500.