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The National Crime Agency announced that a jailed firearms supplier was sentenced to another five years in prison after admitting drugs and money laundering offenses. Klejdi Kazani, who was sentenced to seven years in prison in May 2022 after he was caught with a pistol and ammunition, is now facing
The U.S. Department of the Treasury published a report that outlines recommendations for mitigating artificial intelligence-related operational risks, fraud and improving cybersecurity. The report, which was prepared with the input of 42 financial services sector and technology-related companies, ma...
The U.S. Attorney's Office for the Western District of New York announced charges against Dylan Paul Costanza, Tommy Lee Coburn, Kyle Paul Edward Gibson, and Heather Dierna for conspiracy to commit mail fraud. The indictment alleges that for a period of two years, the defendants targeted large compa...
A jury in London convicted a Chinese expatriate of laundering £2 million worth of bitcoins for a "supervillain" fraudster as part of a case that led to U.K. law enforcement's largest-ever seizure of cryptocurrency, ACAMS moneylaundering.com reported. More and More New York's Department of Financial...
The European Public Prosecutor's Office (EPPO) announced that four Italian defendants were convicted of VAT fraud, money laundering, forgery of public documents, and forgery of signatures. The EPPO highlighted that the four individuals were part of a criminal organization that systematically evaded ...
The Council of the EU published a joint statement by the leaders of the Group of Seven countries, which calls on Iran to immediately cease providing material support to Russia’s aggression against Ukraine and warns of new sanctions. Specifically, the statement warns that if Iran proceeds with prov...
An internal report authored by the U.S. Treasury Department's Financial Crimes Enforcement Network, also known as FinCEN, and obtained by The Wall Street Journal indicates that U.S.-blacklisted terrorist group Hamas has conducted more than 300 transactions in cryptocurrency over the past three years...
The Lithuanian Parliament passed a resolution calling on the European Union to explore the possibility of and support a region-wide ban on imports of grain from Russia and Belarus. The resolution, adopted unanimously, calls on the European Commission to draft legislation to implement the ban uniform...
The Bank for International Settlement's (BIS) Financial Stability Institute issued a policy paper focusing on the regulation of non-bank retail lenders, and aiming to fortify the financial system against potential vulnerabilities. BIS details that non-bank financial intermediaries (NBFIs) constitute...
An unspecified "cyber event" has prompted Canada's financial intelligence unit to temporarily disable some of the "corporate systems" through which banks, money services businesses and other companies flag transactions as suspicious, ACAMS moneylaundering.com reported. More and More The Dutch centra...