During an investigation into money laundering and drug supply, authorities in Australia have dismantled an international money laundering syndicate and charged seven people. As part of Operation Phobetor-Enyo, authorities identified a 37-year-old man in Vietnam allegedly running a money laundering […]
Investigative reporters at Yle, the Finnish Public Broadcasting Company, have traced luxury cars transported from Finland’s southeast Vaalimaa border crossing to Tomsk, Siberia. The reporters attached trackers to the vehicles at the border after being tipped off about an operation […]
Spokespersons for the Southern District of New York and the Federal Bureau of Investigations (FBI) have announced multiple corruption-related charges against Senator Robert Menendez (Menendez), his spouse Nadine Menendez (Nadine), and three others. The unsealed indictment alleged that Menendez offered […]
The Spanish National Police have arrested 197 people on charges related to drug trafficking, sex crimes, money laundering, corruption, and other high-risk crimes following 29 investigations funded by the European Union (EU). The cases, which Europol and countries within and […]
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Sixteen people involved in an organized crime group that smuggled millions in suspected drug profits out of the UK and illegally transported migrants, including children, across the border have been handed prison sentences. “The NCA mounted a long and complex […]
Australian police have arrested three individuals on charges related to romance fraud. The suspects, two women and a man, allegedly attracted three victims using a newspaper dating ad posing as a widowed 50-year-old woman. According to authorities, the victims paid […]
Firms typically focus on improving their fraud prevention and detection measures to mitigate risk and reduce financial losses. But what is fraud prevention, and how does it differ from fraud detection? Are the two functions completely separate? Most importantly, what […]
In conjunction with Internal Revenue Service Criminal Investigation (IRS CI), the US Financial Crimes Enforcement Network (FinCEN) has released a notice asking financial institutions to report signs of workers’ compensation fraud and payroll tax evasion in the construction industry. The […]
The UK’s Payment Systems Regulator (PSR) is conducting two consultations exploring when and how its authorized push payment (APP) requirements will apply when they come into force in 2024. According to Chris Hemsley, Managing Director at the PSR, “The two […]
Authorities in Singapore have made ten arrests, seizing illegal assets worth over S$900 million in simultaneous raids nationwide. The raids were the culmination of a forgery and money laundering (ML) investigation facilitated by the Monetary Authority of Singapore (MAS) and […]
Specializing in international cash management solutions, financial services company Ebury partnered with ComplyAdvantage to build a fit-for-purpose transaction monitoring (TM) rule set that could keep pace with the company’s rapid growth. Ebury is fully regulated in 21 countries and offers […]
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