Category: Money Laundering

NCA announced results of Operation DestabiliseO
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December 4, 2024

Operation Destabilise: NCA Cracks Billion-Dollar Russian Money Laundering Rings

The National Crime Agency (NCA) in the UK announced a successful law enforcement action: "Operation Destabilise" has disrupted Russian-speaking money laundering networks tied to drugs, ransomware, espionage, and sanctions evasion. With 84 arrests and £20M seized, the operation targeted two key networks, Smart and TGR, exposing a global nexus of organized crime and cybercriminals.
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Money laundering allegations against former EU Commissioner Didier ReyndersF
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December 4, 2024

Former EU Justice Chief Didier Reynders: A Justice Defender or Enabler of Corruption?

Allegations of money laundering, corruption, and abuse of power are swirling around Didier Reynders, the former EU Commissioner for Justice and a key figure in Ursula von der Leyen’s European Commission. Reports suggest Reynders may have facilitated illegal transactions during his tenure, raising urgent questions about his integrity and the EU's commitment to fighting corruption.
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Offshore regulations in Anjouan and Curacao and the Philippines in a comparative analysisA
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December 3, 2024

Anjouan Gaming Licenses: A Comparative Analysis of Legitimacy and Regulatory Oversight!

The global online gambling industry is a complex landscape, with various jurisdictions offering licensing frameworks of differing rigor and credibility. Among these, Anjouan Gaming has emerged as a licensing body, presenting itself as a legitimate regulator. However, a critical examination reveals significant concerns regarding its legitimacy and oversight.
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Russian oligarach Alisher UsmanovB
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December 2, 2024

Banking Secrets and Billionaire Battles: Alisher Usmanov vs. UBS

Russian oligarch Alisher Usmanov, one of the wealthiest and most controversial figures on global sanctions lists, has filed a lawsuit against banking giant UBS. Usmanov accuses the bank of violating banking secrecy, spreading false allegations, and triggering a chain of events that led to his global sanctioning. The case promises to expose the intersection of banking compliance, geopolitics, and billionaire wealth.
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Cybercrime mastermind Gulnara KarimovaM
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November 30, 2024

Meet Gulnara Karimova and Her Criminal Organization

Gulnara Karimova is the daughter of Islam Karimov, the former president of Uzbekistan. Once a prominent figure in Uzbekistan, she held various influential positions, including roles as an adviser to the Minister of Foreign Affairs and Uzbekistan's ambassador to Spain. She also pursued a career in entertainment under the pseudonym Googoosha.
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Money laundering charges against Swiss wealth manager Lombard OdierS
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November 30, 2024

Swiss Banking Scandal: Lombard Odier Indicted for Money Laundering!

Lombard Odier, one of Switzerland’s most prestigious private banks, has been indicted by Swiss prosecutors on charges of aggravated money laundering. The allegations center on the bank’s alleged role in concealing proceeds from Gulnara Karimova’s criminal organization, linked to Uzbekistan’s late president. The bank denies the charges.
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Samart Janechaijitwanit arrested in Thailand over money laundering allegationsA
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November 25, 2024

Arrest of Thai Politician Over Money Laundering Tied to iCon Group Scandal

Thailand’s political scene is rocked as Samart Janechaijitwanit, ex-deputy spokesman for the Palang Pracharath Party (PPRP), is arrested for money laundering linked to the iCon Group scandal, The Nation reports. The arrest comes after damning allegations of monthly payoffs and implicates his family in a wider network.
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Online Gambling and money laundering in IndiaI
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November 19, 2024

India’s Online Gaming Boom: A Financial Crime Hotspot?

India’s online gaming sector is booming, with over 90 million daily players and a projected revenue of $7.5 billion by 2029. But behind the glittering numbers lies a darker reality: rising fraud, money laundering, and even terrorist financing risks, as highlighted in a recent report by the Digital India Foundation (DIF). India's 568 million gamers drive this promising market segment. However, money laundering poses a massive threat.
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November 19, 2024

Singapore Closes Cases in Billion-Dollar Money Laundering Scandal After Massive Asset Surrender

Singapore wraps up investigations against 15 individuals implicated in its largest-ever money laundering case. Assets worth S$1.85 billion have been surrendered, representing 98.6% of the total seized. Their cases are closed, SPF added, while investigations continue for the two remaining suspects, whose assets — totaling S$144.9 million — remain under restriction orders.
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Binance and Garantex with money laundering activitiesD
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November 13, 2024

Dual Citizen Daren Li Pleads Guilty to Laundering $73M in Crypto Scam Proceeds

Daren Li, a dual citizen of China and St. Kitts and Nevis, has pleaded guilty to laundering over $73 million in cryptocurrency scam proceeds through shell companies and international bank accounts. His global scheme targeted U.S. investors, with funds laundered via encrypted communications and complex financial networks across multiple jurisdictions.
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Former head of Spanish anti-money laundering division arrestedB
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November 13, 2024

Bravo: Former Spanish Anti-Money Laundering Chief Arrested Over Drug Trafficing and Money Laundering!

In an almost laughable twist, Spanish law enforcement arrested Óscar Sánchez Gil, former head of Spain’s national anti-money laundering division, after €20 million was discovered hidden within the walls of his home. Officers also found €1 million in his office, hidden in two locked cupboards, in bills of €50-500. The arrest follows Spain’s largest cocaine seizure, revealing links between high-ranking officials and drug trafficking networks.
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German charges more individuals in the GetFinancial fraud caseC
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November 11, 2024

Crypto Crime: Bitcoin Fog Operator Sentenced to 12-Year Prison Term for Darknet Money Laundering!

Roman Sterlingov, dual Russian-Swedish national and operator of Bitcoin Fog, sentenced to over 12 years in prison for running the darknet’s longest-lasting bitcoin mixer, laundering over $400 million in criminal proceeds. A jury found Sterlingov guilty of money laundering conspiracy, money laundering, operating an unlicensed money transmitting business, and money transmission without a license.
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