Ashdod Port Smuggling Ring Busted: 100 Million Shekels in Tax Evasion Uncovered
A four-and-a-half-year undercover operation at Ashdod Port uncovered a massive smuggling and corruption ring involving nearly 100 million Shekels in tax evasion and money laundering, leading to the arrest of hundreds of suspects and ongoing criminal proceedings.
Ashdod Port Smuggling Ring Busted: 100 Million Shekels in Tax Evasion Uncovered
A four-and-a-half-year undercover operation at Ashdod Port uncovered a massive smuggling and corruption ring involving nearly 100 million Shekels in tax evasion and money laundering, leading to the arrest of hundreds of suspects and ongoing criminal proceedings.
Progress
56% Bias Score
Bangladesh Investigates Treasury Minister's Family Finances
Bangladesh's anti-money laundering agency requested financial records from banks related to Treasury minister Tulip Siddiq, her family, and former Prime Minister Sheikh Hasina, following embezzlement allegations made by a political opponent who fled the country amidst protests; Siddiq denies the cla...
Bangladesh Investigates Treasury Minister's Family Finances
Bangladesh's anti-money laundering agency requested financial records from banks related to Treasury minister Tulip Siddiq, her family, and former Prime Minister Sheikh Hasina, following embezzlement allegations made by a political opponent who fled the country amidst protests; Siddiq denies the cla...
Progress
40% Bias Score
€17 Million Luxury Vehicle VAT Fraud Ring Dismantled
A €17 million VAT fraud in the intra-community trade of luxury vehicles from Germany has been uncovered in Spain, leading to 30 arrests and the seizure of €11 million in assets.
€17 Million Luxury Vehicle VAT Fraud Ring Dismantled
A €17 million VAT fraud in the intra-community trade of luxury vehicles from Germany has been uncovered in Spain, leading to 30 arrests and the seizure of €11 million in assets.
Progress
0% Bias Score
Fifth Circuit Reinstates Corporate Transparency Act, Extends Filing Deadline
A Fifth Circuit ruling on December 23, 2024, lifted a nationwide injunction against the Corporate Transparency Act (CTA), requiring companies to submit beneficial ownership information by January 13, 2025, after FinCEN extended the deadline; this follows a lower court's injunction and subsequent app...
Fifth Circuit Reinstates Corporate Transparency Act, Extends Filing Deadline
A Fifth Circuit ruling on December 23, 2024, lifted a nationwide injunction against the Corporate Transparency Act (CTA), requiring companies to submit beneficial ownership information by January 13, 2025, after FinCEN extended the deadline; this follows a lower court's injunction and subsequent app...
Progress
40% Bias Score
Australian Citizen to be Extradited to US for Training Chinese Pilots
Daniel Duggan, a 56-year-old former US Marine and Australian citizen, will be extradited to the US to face charges of arms trafficking and money laundering for allegedly training Chinese fighter pilots from 2009-2012; this follows Australia's enactment of stricter laws against former defense personn...
Australian Citizen to be Extradited to US for Training Chinese Pilots
Daniel Duggan, a 56-year-old former US Marine and Australian citizen, will be extradited to the US to face charges of arms trafficking and money laundering for allegedly training Chinese fighter pilots from 2009-2012; this follows Australia's enactment of stricter laws against former defense personn...
Progress
52% Bias Score
Spanish Judge Orders Investigation into MEP for Illegal Campaign Financing
A Spanish judge is investigating MEP Luis Pérez for allegedly receiving €100,000 in cash from businessman Luis Romillo to fund his European Parliament campaign, a sum not officially declared, potentially violating electoral and campaign finance laws; the case is now with the Supreme Court.
Spanish Judge Orders Investigation into MEP for Illegal Campaign Financing
A Spanish judge is investigating MEP Luis Pérez for allegedly receiving €100,000 in cash from businessman Luis Romillo to fund his European Parliament campaign, a sum not officially declared, potentially violating electoral and campaign finance laws; the case is now with the Supreme Court.
Progress
16% Bias Score
FATF Travel Rule's Impact on Bitcoin: Privacy vs. Regulation
The FATF Travel Rule, extended to bitcoin in 2019, mandates KYC data sharing between VASPs, raising privacy concerns and potentially undermining bitcoin's core principles; its effectiveness in combating money laundering remains debated.
FATF Travel Rule's Impact on Bitcoin: Privacy vs. Regulation
The FATF Travel Rule, extended to bitcoin in 2019, mandates KYC data sharing between VASPs, raising privacy concerns and potentially undermining bitcoin's core principles; its effectiveness in combating money laundering remains debated.
Progress
56% Bias Score
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.
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
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...
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
Fifth Circuit Reinstates Corporate Transparency Act Reporting Requirements
A federal appeals court overturned a lower court's injunction, reinstating the requirement for most businesses to file Beneficial Ownership Reports (BOI) under the Corporate Transparency Act (CTA) by January 1, 2025, creating immediate compliance challenges.
Fifth Circuit Reinstates Corporate Transparency Act Reporting Requirements
A federal appeals court overturned a lower court's injunction, reinstating the requirement for most businesses to file Beneficial Ownership Reports (BOI) under the Corporate Transparency Act (CTA) by January 1, 2025, creating immediate compliance challenges.
Progress
52% Bias Score
1MDB Sues Amicorp for \$1 Billion Over \$7 Billion in Alleged Fraud
1MDB is suing Amicorp Group and its CEO for over \$1 billion for allegedly facilitating over \$7 billion in fraudulent transactions between 2009 and 2014, using shell companies and sham transactions to launder stolen funds through multiple jurisdictions, as part of a global effort to recover misappr...
1MDB Sues Amicorp for \$1 Billion Over \$7 Billion in Alleged Fraud
1MDB is suing Amicorp Group and its CEO for over \$1 billion for allegedly facilitating over \$7 billion in fraudulent transactions between 2009 and 2014, using shell companies and sham transactions to launder stolen funds through multiple jurisdictions, as part of a global effort to recover misappr...
Progress
48% Bias Score
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.
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