Film finance fraud: Movie producer sentenced to over 21 years by South Florida court
The entertainment industry is fertile ground for fraudsters owing to the size of funds involved. The DOJ announced that a South Florida District court sentenced a 44 year old man who ran a scheme to fraud his victims off $60M, to more than 21 years in jail.
EU sanctions mercenary recruiters in Syria
As a part of its “maintenance and alignment” package, the EU imposes sanctions on companies and persons in Syria known for their involvement in recruiting mercenaries to help Russia’s invasive war effort in Ukraine.
EU condemns Russia’s list of “Unfriendly States”, calls it incompatible with Vienna Convention.
The EU Council High Representative condemned Russia’s inclusion of five EU countries into its “Unfriendly States” list, calling it against 1961 Vienna Convention.
EU Commission task force froze EUR 6.7 billion oligarch assets.
The EU Commission task force has so far blocked a 29.5 billion and frozen 6,7 billion of Russian and Belorussian oligarch assets across the EU.
“The Peppers of Xinjiang” – Report maps out Xinjiang goods & main exports.
C4ADS releases Xinjiang supply chain report that maps out and tracks main Xinjiang goods and services exported globally.
BitMEX co-founder Hayes sentenced for violating the BSA.
Unfilled SARs, unfulfilled obligations, a platform run like a laundry, $200M raked in… Southern District of New York sentences BitMEX CEO Arthur Hayes over failing to put in place AML controls.
U.S. Federal Courts are now prosecuting crypto exchanges for helping with sanctions evasion.
Financial criminals’ wet dream of exploiting virtual assets’ anonymity and untraceability dies a painful death as U.S. Courts prosecute exchanges for allowing their users evade sanctions.
Will Swiss banking laws change? The U.N and the U.S. target the country’s “tradition” of handling dirty assets.
Will the world’s most discreet banking haven amend its secrecy laws?
Russia’s largest financial institutions, Security Council members sanctioned by the U.S. Treasury.
The U.S. Treasury Office of Foreign Assets Control (OFAC) sanctions Russia’s largest financial institutions Sberbank and Alfa-Bank, members of Russia’s Security Council and family members of Putin and Lavrov.
Turkish regulator MASAK releases 2021 Report. E-payment SARs top the stats, followed by banks.
Turkish regulator MASAK’(Financial Crimes Investigation Board) has released its 2021 Activity report. The document shows an upward trend of AML SARs coming mostly from financial institutions.