Tag #Financial Crime

forbes.com
🌐 75% Global Worthiness
News related image

Court Halts Corporate Transparency Act Enforcement, Leaving Business Owners in Limbo

A Texas court temporarily blocked enforcement of the Corporate Transparency Act's beneficial ownership reporting requirement, but the Treasury Department is appealing, leaving businesses uncertain about their filing obligations.

Progress

44% Bias Score

Peace, Justice, and Strong Institutions
pda.msk.kp.ru
🌐 75% Global Worthiness
News related image

Moscow Woman Loses Apartment in Suspicious Low-Value Auction

A Moscow woman, Elena Shapoval, lost her apartment at a drastically undervalued auction after accumulating debt from a 2007 foreign currency mortgage; the auction's legitimacy is under investigation by the Investigative Committee due to suspicious circumstances.

Progress

56% Bias Score

Reduced Inequality
lexpress.fr
🌐 85% Global Worthiness
News related image

AI-Driven Investment Scams Surge on Social Media

AI-powered investment scams are proliferating on social media, using fake websites, celebrity endorsements, and promises of unrealistic returns to defraud victims of millions of euros; in December alone, Meta's ad library showed over 400 active ads linked to suspicious sites.

Progress

48% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
News related image

Canada's Weak Response to Financial Crime Jeopardizes National Security

Canada's fall economic statement proposes increasing financial penalties for financial crimes fortyfold and creating a new task force, but these measures are insufficient to address systemic issues, jeopardizing its national security and trade relations with the U.S.

Progress

60% Bias Score

Peace, Justice, and Strong Institutions
theglobeandmail.com
🌐 85% Global Worthiness
News related image

Canada to Sharply Increase Anti-Money Laundering Penalties

The Canadian government plans to increase penalties for anti-money-laundering failures by up to 40 times, raising the maximum fine for banks to $20 million per violation, following pressure to address financial crime and the TD Bank case.

Progress

36% Bias Score

Peace, Justice, and Strong Institutions
zeit.de
🌐 75% Global Worthiness
News related image

€8.4 Million Lost to Scams in Mecklenburg-Vorpommern

Between January and November 2024, over €8.4 million was stolen in Mecklenburg-Vorpommern, Germany, through more than 2,000 scams targeting primarily older adults via phone calls, social media, and other methods.

Progress

36% Bias Score

Reduced Inequality
cnnespanol.cnn.com
🌐 85% Global Worthiness
News related image

FTX Executives Receive Reduced Prison Sentences for Good Conduct

Former FTX executives Ryan Salame and Caroline Ellison received reduced prison sentences due to good conduct, with Salame's release date moved to March 1, 2031, and Ellison's to July 20, 2026, highlighting the impact of inmate behavior on sentence length.

Progress

40% Bias Score

Reduced Inequality
dw.com
🌐 75% Global Worthiness
News related image

Russia Creates Platform to Combat Money Laundering via Data Sharing

The Bank of Russia is creating a platform to share data on suspicious individual transactions with all credit institutions to combat money laundering, aiming to make using banks in such schemes economically unviable; banks largely support this initiative, but concerns about potential misidentificati...

Progress

40% Bias Score

Peace, Justice, and Strong Institutions
forbes.com
🌐 85% Global Worthiness
News related image

Apple Employees Indicted in Matching Gift Program Fraud Scheme

Six former Apple employees were indicted for defrauding Apple's matching gift program of $152,000 by falsely claiming donations to two sham charities; this is one of several cases highlighting a vulnerability in corporate matching gift programs.

Progress

36% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
News related image

Rogue Builder Jailed for £1.6m Home Improvement Fraud

A West Midlands rogue builder, Adam Jones, was jailed for three years and nine months for defrauding homeowners of £1.6 million through Advannnced Construction Ltd. between April 2021 and June 2023; he used their payments to fund a lavish lifestyle, leaving victims with incomplete or defective work.

Progress

36% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
News related image

NY Tax Preparer Pleads Guilty to $145 Million Fraud

New York tax preparer Rafael Alvarez pleaded guilty to filing tens of thousands of false tax returns, costing the government $145 million over a decade; he faces up to eight years in prison and must pay restitution.

Progress

52% Bias Score

Reduced Inequality
kathimerini.gr
🌐 85% Global Worthiness
News related image

Assad Regime Secretly Transferred $250 Million to Russia

The Assad regime secretly moved at least $250 million to Russia between 2018 and 2019 via commercial flights carrying US dollars and Euros, using sanctioned Russian banks, amid international sanctions and reliance on Russian military support.

Progress

52% Bias Score

Reduced Inequality