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US DoJ sentences ponzi schemer to over 14 years in prison for $11m fraud convictions

by Jyotsna Bucktowar | May 17, 2024

Pigida was informed by US District Judge during his sentencing hearing that he had misused the court’s trust by evading prosecution. Pigida’s fraud was characterized by the judge as a extensive, elaborate, complex scheme that caused his victims immense...

US DoJ convicts two brothers for attacking Ethereum blockchain and stealing $25m in cryptocurrency to commit ML

by Jyotsna Bucktowar | May 15, 2024

The Peraire-Bueno brothers allegedly stole $25m in Ethereum cryptocurrency through a highly advanced, technologically complex scheme that they planned for months and carried out in a matter of seconds. Regretfully, the accused were unable to stand up against the US...

SFO secures conviction of investment manager for £100 million no-win-no-fee fraud

by AdrianaAMLP | May 9, 2024

DavidKennedy and his business partner Timothy Schools managed the Cayman Island registered company Axiom Legal Finance Fund for over two years. They promised investors a secure return, by offering loans to UK law firms that were pursuing no-win-no-fee cases and where...

European Commission publishes latest update on AML/CTF of terrorism legislative package

by Jyotsna Bucktowar | May 8, 2024

EU proposed on 20 July 2021 by the European Commission are now agreed by co-legislators. The proposed agreement also covers the institutional side with the creation of a new EU authority to fight money laundering (AMLA) which will be at the core of the system...

EBA identifies new types of payment fraud and proposes measures to mitigate underlying risks and protect consumers from resultant losses

by Jyotsna Bucktowar | May 8, 2024

The EBA confirms that regulatory measures such as the Strong Customer Authentication (SCA) that the revised Payment Service Directive (PSD2) and the EBA’s Technical Standards have imposed on the payments industry have been successful in achieving the aim of...
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Recent Posts

  • FATF’s report on ‘Understanding and Mitigating the Risks of Offshore VASPs’ warns that offshore crypto providers create AML/CFT blind spots, enabling fraud, ML, and TF through weak oversight
  • AMLA launches a major EU-wide data collection exercise with banks to test and calibrate its risk assessment models, preparing to tighten oversight and directly supervise high-risk FIs starting in 2028
  • INTERPOL’s Global Financial Fraud Threat Assessment 2026 warns of a surging fraud crisis with AI scams 4.5× more profitable, $442B lost in 2025, Notices up 54%, and $1.1B recovered across 1500+ cases
  • NCA launches the National Strategic Assessment of SOC 2026, warning that tech-driven, interconnected crime is rising rapidly and calling for a National Police Service to tackle it with intelligence and coordinated action
  • UK SFO, France PNF and Swiss OAG to host landmark International Economic Crime Conference on 2–3 May 2026 in London, uniting 70+ agencies to tackle fraud, bribery, corruption, & crypto-related crime

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