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.
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
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.
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
Schleswig-Holstein's Anti-Money Laundering Plan Faces Opposition Criticism
The Schleswig-Holstein state parliament referred a state government plan to combat money laundering to the responsible committees; opposition parties criticized the proposed measures as insufficient, particularly the proposed task force's annual meetings, while the state government highlights optimi...
Schleswig-Holstein's Anti-Money Laundering Plan Faces Opposition Criticism
The Schleswig-Holstein state parliament referred a state government plan to combat money laundering to the responsible committees; opposition parties criticized the proposed measures as insufficient, particularly the proposed task force's annual meetings, while the state government highlights optimi...
Progress
32% Bias Score
Russian Fraud Losses Hit 150 Billion Rubles in 2024
During the first nine months of 2024, Russia saw a 25% increase in ICT-related fraud cases to 353,000, resulting in 150 billion rubles in losses, 15 billion of which were due to unauthorized transactions. Data breaches, such as the nearly 1 billion records leaked in the first half of the year, are s...
Russian Fraud Losses Hit 150 Billion Rubles in 2024
During the first nine months of 2024, Russia saw a 25% increase in ICT-related fraud cases to 353,000, resulting in 150 billion rubles in losses, 15 billion of which were due to unauthorized transactions. Data breaches, such as the nearly 1 billion records leaked in the first half of the year, are s...
Progress
36% Bias Score
Vietnam's $12 Billion Fraud: Tycoon Loses Death Sentence Appeal
Vietnamese property tycoon Truong My Lan's appeal against the death sentence for a $12 billion fraud was rejected; she could commute her sentence to life imprisonment by repaying $9 billion.
Vietnam's $12 Billion Fraud: Tycoon Loses Death Sentence Appeal
Vietnamese property tycoon Truong My Lan's appeal against the death sentence for a $12 billion fraud was rejected; she could commute her sentence to life imprisonment by repaying $9 billion.
Progress
48% Bias Score
Europe-wide VAT Fraud Ring Causes €38 Million in Losses
A Europe-wide VAT fraud ring, operating in Greece and other countries, caused an estimated €38 million in losses between 2017 and 2024; authorities seized €14,000 in cash, cryptocurrencies, silver, and 63 firearms.
Europe-wide VAT Fraud Ring Causes €38 Million in Losses
A Europe-wide VAT fraud ring, operating in Greece and other countries, caused an estimated €38 million in losses between 2017 and 2024; authorities seized €14,000 in cash, cryptocurrencies, silver, and 63 firearms.
Progress
52% Bias Score
€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.
€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
US Offers \$5 Million Reward for Information on North Korean IT Firms
The U.S. State Department is offering a \$5 million reward for information on two North Korean IT firms, Yanbian Silverstar and Volasys Silverstar, and 14 individuals accused of generating \$88 million in illicit revenue through the exploitation of workers and deception of U.S. businesses.
US Offers \$5 Million Reward for Information on North Korean IT Firms
The U.S. State Department is offering a \$5 million reward for information on two North Korean IT firms, Yanbian Silverstar and Volasys Silverstar, and 14 individuals accused of generating \$88 million in illicit revenue through the exploitation of workers and deception of U.S. businesses.
Progress
36% Bias Score
TD Bank Employee Arrested in \$670 Million Money Laundering Scheme
A former TD Bank employee, Leonardo Ayala, was arrested and charged with money laundering conspiracy for his alleged role in a scheme that moved over \$670 million through the bank, resulting from systemic failures in the bank's transaction monitoring that allowed cartels to launder money; the bank ...
TD Bank Employee Arrested in \$670 Million Money Laundering Scheme
A former TD Bank employee, Leonardo Ayala, was arrested and charged with money laundering conspiracy for his alleged role in a scheme that moved over \$670 million through the bank, resulting from systemic failures in the bank's transaction monitoring that allowed cartels to launder money; the bank ...
Progress
36% Bias Score
German Court Sentences 'Mourning Swindler' to 5.5 Years
A German court sentenced a 50-year-old man, known as the "mourning swindler", to five years and six months in prison for defrauding three women of approximately €260,000 between 2016 and 2018, exploiting their emotional vulnerability following bereavements; the judge criticized the justice system's ...
German Court Sentences 'Mourning Swindler' to 5.5 Years
A German court sentenced a 50-year-old man, known as the "mourning swindler", to five years and six months in prison for defrauding three women of approximately €260,000 between 2016 and 2018, exploiting their emotional vulnerability following bereavements; the judge criticized the justice system's ...
Progress
40% Bias Score
27 Million Euro Fraud Targeting France's MaPrimeRénov' Program
A 27 million euro fraud targeting France's MaPrimeRénov' energy renovation program has been uncovered, leaving 386 victims, primarily low-income individuals and retirees, heavily indebted after fraudulent companies promised energy rebates and loans for installations that were never fulfilled.
27 Million Euro Fraud Targeting France's MaPrimeRénov' Program
A 27 million euro fraud targeting France's MaPrimeRénov' energy renovation program has been uncovered, leaving 386 victims, primarily low-income individuals and retirees, heavily indebted after fraudulent companies promised energy rebates and loans for installations that were never fulfilled.
Progress
24% Bias Score
OFAC Sanctions TGR Group for Facilitating Russian Sanctions Evasion via Digital Assets
The US Treasury Department sanctioned five individuals and four entities associated with the TGR Group for using digital assets to evade sanctions imposed on the Russian elite, in a coordinated operation with the UK, UAE, DEA, and FinCEN.
OFAC Sanctions TGR Group for Facilitating Russian Sanctions Evasion via Digital Assets
The US Treasury Department sanctioned five individuals and four entities associated with the TGR Group for using digital assets to evade sanctions imposed on the Russian elite, in a coordinated operation with the UK, UAE, DEA, and FinCEN.
Progress
40% Bias Score