Posts filtered by tags: Money-laundering[x]


 

Chinese Authorities Arrest Over 1,100 People in Crypto Crime Crackdown

Chinese authorities are upping their crackdown on all things crypto by arresting more than 1,100 people suspected of using these digital tokens for money laundering. The news comes courtesy of a Wednesday Wechat post from China’s Ministry of Public Security, which oversees law enforcement throughout the country. Read more...
Tags: Science, Crime, China, Fraud, Software, Bitcoin, Xi Jinping, WeChat, Cryptocurrencies, Blockchains, Money Laundering, Digital Currencies, Ministry of Public Security, Bitcoin Network, Payment Systems


DA councillor implicated in food relief fraud continues daily chores as case runs its course

The speaker of City of Cape Town says no sanctions are considered against City’s ward councillor, as yet The post DA councillor implicated in food relief fraud continues daily chores as case runs its course appeared first on The Mail & Guardian.
Tags: Politics, City, Fraud, Cape Town, Speaker, Mayor, Money Laundering, Western Cape, Hawks, DA, Democratic Alliance, Dan Plato, Top Six, City of Cape Town, South Africa (country, Emma Powell


Hawks confirm that DA Western Cape councillor remains a suspect in food relief fraud case

Nora Grose is being investigated for alleged fraud and money laundering despite the Hawks incorrectly implicating her in a joint investigation The post Hawks confirm that DA Western Cape councillor remains a suspect in food relief fraud case appeared first on The Mail & Guardian.
Tags: Corruption, Politics, Fraud, Money Laundering, Hawks, DA, Democratic Alliance, Directorate for Priority Crime Investigation, Top Six, DA Western Cape, City of Cape Town, South Africa (country, COVID-19, Nora Grose, Food Relief Programme, Philani Nkwalase


DA councillor arrested for allegedly defrauding food relief project

Nora Grose is accused of using R170 000 intended for a food relief project in Cape Town for personal gain The post DA councillor arrested for allegedly defrauding food relief project appeared first on The Mail & Guardian.
Tags: Politics, Fraud, Cape Town, Mayor, Money Laundering, Openaccess, Hawks, Democratic Alliance, Directorate for Priority Crime Investigation, Dan Plato, Top Six, City of Cape Town, Coronavirus, COVID-19, Atlantis magistrate court, Nora Grose


Former Obama White House advisor arrested for allegedly stealing hundreds of thousands of dollars from charter schools he founded

The White House. Andrea Izzotti/Shutterstock A former Obama White House advisor was arrested over allegations he stole from charter schools he created. Prosecutors say Seth Andrew laundered money to get a discounted interest rate for a Manhattan mortgage. Andrew worked in the Office of Educational Technology at the White House until 2016. See more stories on Insider's business page. A former senior advisor in the Obama White House allegedly stole more than $200,000 from a charter schoo...
Tags: Politics, Obama, White House, New York City, Trends, Cnn, Manhattan, The White House, Cnbc, Money Laundering, Andrew, Democracy Prep school, Seth, Obama White House, US Department of Education, Office of Educational Technology


Malaysia's former prime minister is appealing his conviction for his involvement in the 1MDB financial scandal

Malaysia's former Prime Minister Najib Razak. Reuters Former Malaysian PM Najib Razak appealed his 2020 conviction on charges related to the 1MDB scandal. Razak was convicted on money laundering and breach of trust charges and faces 12 years in prison. Lawyers for Razak claim he was "misled" by business partner Jho Low. See more stories on Insider's business page. Former Malaysian Prime Minister Najib Razak is attempting to overturn his conviction on seven counts of criminal brea...
Tags: Asia, Crime, Scandal, Money, News, Trends, Cyprus, Cnn, Fbi, Malaysia, Al Jazeera, Low, Money Laundering, Macao, Martin Scorsese, Reuters


As more artists and musicians turn their attention to NFTs, so, likely, do money launderers

Outlets that follow the crypto industry have been observing a trend, which is that according to Google search data, the rise in interest in non-fungible tokens, or NFTs, now almost matches the level of interest in 2017 in initial coin offerings, or ICOs. Of course, ICOs largely disappeared from the scene after the SEC started poking around and determining, in some cases, that they were being used to launder money. Now experts in blockchain transactions see the potential for abuse again with NFTs...
Tags: Google, TC, Tech, Fbi, New York Times, Credit Suisse, Venture Capital, Nba, Deutsche Bank, SEC, Goldman Sachs, Times, Cryptocurrencies, Cryptocurrency, Jeff Koons, Venrock


Feedzai raises $200M at a $1B+ valuation for AI tools to fight financial fraud

On the heels of Jumio announcing a $150 million injection this week to continue building out its AI-based ID verification and anti-money laundering platform, another startup in the space is levelling up. Feedzai, which provides banks, others in the financial sector, and any company managing payments online with AI tools to spot and fight fraud — its cornerstone service involves super quick (3 millisecond) checks happening in the background while transactions are being made — has announced a Seri...
Tags: Security, TC, Europe, Enterprise, Finance, Funding, Tech, Fraud, Artificial Intelligence, Portugal, Payments, Citibank, North America, Persona, KKR, Sapphire


Shepherd Bushiri faces slew of new rape claims

Prosecutors’ extradition request details how Bushiri allegedly raped women as young as 17 The post Shepherd Bushiri faces slew of new rape claims appeared first on The Mail & Guardian.
Tags: Corruption, Sexual Assault, Africa, Rape, Malawi, Extradition, Intimidation, Openaccess, Hawks, Independent Police Investigative Directorate, Shepherd Bushiri, The Hawks, Lazarus Chakwera, Top Six, Sexual Violence, Bushiri


Bushiri goes on counterattack against the Hawks

South African authorities were poised to add rape charges to those faced by Bushiri in mid-November when he skipped bail and the border to return to Malawi The post Bushiri goes on counterattack against the Hawks appeared first on The Mail & Guardian.
Tags: Corruption, Sexual Assault, Rape, National, Malawi, Extradition, Intimidation, Hawks, Independent Police Investigative Directorate, Shepherd Bushiri, The Hawks, Lazarus Chakwera, Top Six, Sexual Violence, Bushiri, South Africa (country


Ramaphosa can’t separate funding for ANC bid from becoming president, high court hears

Counsel for the Economic Freedom Fighters are seeking to force the disclosure of records showing who bankrolled the CR17 campaign The post Ramaphosa can’t separate funding for ANC bid from becoming president, high court hears appeared first on The Mail & Guardian.
Tags: Politics, Money Laundering, Disclosure, ANC, Cyril Ramaphosa, Ramaphosa, Economic Freedom Fighters, Top Six, Aubrey Ledwaba, Busisiwe Mkhwebane, Campaign Donations, Electoral Law, South Africa (country, Financial Intelligence Centre, CR17, Electoral Act


Pair rob CTM of R26m over six years

The women, who worked for a firm handling the tile and bathroom retailer’s debtors, created 916 fictitious invoices The post Pair rob CTM of R26m over six years appeared first on The Mail & Guardian.
Tags: Theft, Fraud, National, Scam, Money Laundering, Ctm, NPA, National Prosecuting Authority, Agnes Ngubane, Cinque Funding Solutions, Cladding Finance, Nhlakanipho Ngubane, Nhlanhla Mabuza, Prudence Mabuza


‘We are all innocent,’ VBS eight tell court

The National Prosecuting Authority believes it has ‘a very strong case’ and wants to begin the VBS Mutual Bank trial The post ‘We are all innocent,’ VBS eight tell court appeared first on The Mail & Guardian.
Tags: Corruption, Fraud, National, Money Laundering, Openaccess, Hawks, NPA, National Prosecuting Authority, Racketeering, Top Six, Hein van der Merwe, VBS Mutual Bank, Godfrey Lebeya, Andile Ramavhunga, Tshifhiwa Matodzi, Paul Magula


John McAfee Charged With Exactly What You Thought He Would Be Charged With

John McAfee, founder of the giant antivirus and cybersecurity firm that bears his name, has been indicted in federal court in Manhattan for charges related to securities fraud and money laundering, the Department of Justice announced Friday.Read more...
Tags: Science, Crime, Articles, Manhattan, Watson, Department Of Justice, International Relations, Cryptocurrency, John Mcafee, Money Laundering, Securities Fraud, McAfee, Financial Regulation, William F Sweeney Jr, Pump And Dump, Audrey Strauss


North Korea is the most isolated country on the planet, but it still finds ways to steal billions of dollars

North Korean leader Kim Jong Un watches a military parade for the 75th anniversary of the founding of the ruling Workers' Party of Korea, October 10, 2020. KCNA via REUTERS North Korea faces an array of US and international sanctions that have made it the most isolated country in the world. But Pyongyang has found many ways to get around those restrictions, relying on smuggling and theft to enrich its leaders and finance its military. Visit the Business section of Insider for more stor...
Tags: South Korea, UK, New York, North Korea, China, Russia, Southeast Asia, US, International, Trends, Beijing, Bitcoin, United States, Hacking, Xi Jinping, Kim Jong Un


In a bizarre twist VBS liquidators sue KPMG for R863mn

In filed court documents, the VBS liquidators are blaming auditing firm KPMG’s negligence for the alleged looting of the bank The post In a bizarre twist VBS liquidators sue KPMG for R863mn appeared first on The Mail & Guardian.
Tags: Business, Corruption, Lawsuit, Theft, Fraud, Kpmg, Court Case, Openaccess, NPA, National Prosecuting Authority, Racketeering, Top Six, Public Investment Corporation, Looting, VBS Mutual Bank, VBS Bank


NPA counters attack by Zuma Foundation ahead of court appearance in arms-deal case

The foundation is accusing the prosecuting authority of ‘propaganda’, as former president Jacob Zuma fights legal trouble on two fronts The post NPA counters attack by Zuma Foundation ahead of court appearance in arms-deal case appeared first on The Mail & Guardian.
Tags: Corruption, Jacob Zuma, National, Constitutional Court, NPA, National Prosecuting Authority, Thales, Racketeering, Top Six, Zondo Commission, South Africa (country, Arms Deal, Jacob Zuma Foundation, Money-laundering, Arms Deal Trial, Zuma Foundation


The pensioner who ‘fronted’ for R10m of a family’s capture of SAPS

An old-age grant recipient was allegedly paid just R5 000 a month to be a director of one of the Chetty-owned companies The post The pensioner who ‘fronted’ for R10m of a family’s capture of SAPS appeared first on The Mail & Guardian.
Tags: Corruption, Police, Theft, Fraud, National, Outsourcing, Contracts, Money Laundering, Procurement, Openaccess, NPA, National Prosecuting Authority, South African Police Service, Chetty, Syndicate, Forgery


R100-million: How one family captured the police

The family-run syndicate behind the alleged scam may have looted even more — as much as R1-billion The post R100-million: How one family captured the police appeared first on The Mail & Guardian.
Tags: Corruption, Police, Theft, Fraud, National, Arrests, Outsourcing, Contracts, Money Laundering, Procurement, NPA, National Prosecuting Authority, South African Police Service, Syndicate, Forgery, Vatika


Magashule: ‘Leave President Zuma alone’

More salvos are fired in the ANC over Zuma’s refusal to testify at the Zondo commission, as ruled by the ConCourt The post Magashule: ‘Leave President Zuma alone’ appeared first on The Mail & Guardian.
Tags: Corruption, Politics, Jacob Zuma, Money Laundering, Free State, Constitutional Court, Openaccess, ANC, African National Congress, Zuma, Top Six, Ace Magashule, Zondo, Zondo Commission, South Africa (country, State Capture


The defense spending bill that Trump is so mad about also includes measures that take on financial crimes

President Donald Trump with the National Defense Authorization Act after signing it in front of soldiers from the US Army's 10th Mountain Division at Fort Drum, New York, August 13, 2018. Thomson Reuters President Donald Trump has promised to veto this year's National Defense Authorization Act, an annual bill that funds the military and that has been passed for 59 straight years. Trump's stated objections are to a measure that would rename bases named after Confederate leaders and to a...
Tags: Facebook, Mark Zuckerberg, Twitter, Politics, Congress, Opinion, Washington, White House, US, Trends, United States, Manhattan, Donald Trump, US Army, Shell, Panama






Motsoaledi blames ‘porous’ and ‘rotten’ borders for Bushiris’ escape

Home affairs minister admits South Africa has weak borders, and that the Bushiris had 10 passports between them The post Motsoaledi blames ‘porous’ and ‘rotten’ borders for Bushiris’ escape appeared first on The Mail & Guardian.
Tags: Theft, Fraud, South Africa, Diplomacy, National, Parliament, Bail, Borders, Malawi, Home Affairs, Escape, Passports, Motsoaledi, Aaron Motsoaledi, Shepherd Bushiri, Waterkloof Airforce Base


Unlawful payments and a solid state witness could sink Ace Magashule

Magashule’s personal assistant is working with prosecutors to reveal how the R255-million cash was moved The post Unlawful payments and a solid state witness could sink Ace Magashule appeared first on The Mail & Guardian.
Tags: Corruption, Politics, Fraud, ANC, NPA, Cyril Ramaphosa, National Prosecuting Authority, Magashule, Mangaung, Malusi Gigaba, Top Six, Tony Yengeni, Mcebo Dlamini, Ace Magashule, Zondo Commission, South Africa (country


Owners Of Rocklin-Based Company Charged In $1M Money Laundering Scheme

ROCKLIN (CBS13) – The owners of a Rocklin-based company were indicted Thursday in a money laundering scheme involving over a million dollars, U.S. Attorney McGregor W. Scott said. Daniel Stewart, 56, of Lincoln, and Luke Burroughs, 56, of Rocklin, were charged with money laundering and money laundering conspiracy.  The two face up to 20 years in prison and $250,000 fines, according to a news release from Scott, of the U.S. Department of Justice Eastern District of California. Stewart and Burroug...
Tags: Crime, News, Local, Syndicated Local, Rocklin, Lincoln, Daniel Stewart, Money Laundering, Stewart, Scott, Burroughs, McGregor W Scott, Rocklin News, Owners Of Rocklin Based Company, Luke Burroughs


Owners Of Rocklin-Based Company Charged In $1M Money Laundering Scheme

ROCKLIN (CBS13) – The owners of a Rocklin-based company were indicted Thursday in a money laundering scheme involving over a million dollars, U.S. Attorney McGregor W. Scott said. Daniel Stewart, 56, of Lincoln, and Luke Burroughs, 56, of Rocklin, were charged with money laundering and money laundering conspiracy.  The two face up to 20 years in prison and $250,000 fines, according to a news release from Scott, of the U.S. Department of Justice Eastern District of California. Stewart and Burroug...
Tags: Crime, News, Local, Syndicated Local, Rocklin, Lincoln, Daniel Stewart, Money Laundering, Stewart, Scott, Burroughs, McGregor W Scott, Rocklin News, Owners Of Rocklin Based Company, Luke Burroughs


Why crooks are shivering in their boots

Ace Magashule’s anxiety has to do with the array of arrests of high-profile people facing fraud and corruption charges The post Why crooks are shivering in their boots appeared first on The Mail & Guardian.
Tags: Corruption, Politics, Fraud, Money Laundering, Free State, Hawks, NPA, National Prosecuting Authority, Magashule, VBS, Top Six, Khomotso Phahlane, Ace Magashule, VBS Mutual Bank, South Africa (country, Edwin Sodi


What are the FinCEN files? Here's what to know about the leaked documents tying Wall Street banks to possible money laundering.

Treasury Secretary Steven Mnuchin testifies before Senate Finance Committee Reuters BuzzFeed News and dozens of other newsrooms have published a massive trove of documents known as the "FinCEN Files," named after the US Treasury Department's Financial Crimes Enforcement Network headquartered in Washington D.C.. The data dump contains thousands of "suspicious activity reports," or SARs, that banks file to FinCEN when they suspect potentially criminal activity.  However, the files reportedly...
Tags: London, Vladimir Putin, Buzzfeed, Washington, Finance, Wall Street, Elizabeth Warren, US, Trends, Iran, Bbc, United States, Barclays, Hsbc, Treasury, Deutsche Bank


The 11 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance

A Deutsche Bank branch in Frankfurt, Germany. Frank Rumpenhorst/picture alliance via Getty Images Leaked documents from the Financial Crimes Enforcement Network (FinCEN) were shared with news outlets. They show big banks have for years engaged with dirty money with little oversight. Banks named include JPMorgan Chase, HSBC, Barclays, and Deutsche Bank. Here are some of the biggest takeaways from the scandal. Visit Business Insider's homepage for more stories. Thousands of leaked documents ...
Tags: Hong Kong, Europe, UK, New York, London, News, Putin, Vladimir Putin, Buzzfeed, North Korea, Finance, Banks, Russia, Nbc News, US, Trends