by Jyotsna Bucktowar | Oct 24, 2024
EPPO in Luxembourg has taken over an investigation from the Luxembourg State Prosecutor into a political party suspected of procurement fraud, document forgery, and ML. This inquiry stemming from a spring 2023 audit, focuses on two contracts awarded to the party by...
by Jyotsna Bucktowar | Oct 17, 2024
The probe uncovered a scheme misusing over €8.7 million from the European Social Fund meant for vocational training, diverting funds for personal and political purposes in exchange for job promises to politicians and their relatives. The Palermo Court also enacted...
by Jyotsna Bucktowar | Sep 9, 2024
The SEC has charged Medly Health Inc.’s and Head of Rx Operations with defrauding investors during a US $170 million fundraising effort. The accused are inflating revenue figures, while Bhatt is alleged to have created fake prescriptions to support these...
by Jyotsna Bucktowar | Jul 3, 2024
Two US men admitted guilt for conspiring with bankers to deliberately avoid implementing necessary AML controls at a Missouri bank, violating the Bank Secrecy Act (BSA).The bank had to file currency transaction reports with FinCEN for transactions over...
by Jyotsna Bucktowar | Jul 2, 2024
A current investigation by Romanian authorities has verified that members of an organized crime group (OCG) have engaged in human trafficking, pimping, and ML since January 2022 to gain significant financial gains. Victims from vulnerable backgrounds were recruited in...
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