Financial Crime Online

Usually hawaladers come from the East. This time he came from the South. The owner of Bem Brazil in Danbury (CT) was sentenced to 30 months in prison for unlicensed money transfers. The indictment alleged that, in exchange for remitting more than $22,000,000 from Connecticut to Brazil and for guaranteeing the anonymity of both their [...]

This week the FBI announced the results of one of the largest FCPA investigation ever. Moreover, it was a full scale undercover investigation; for FCPA cases that is a large step. “This ongoing investigation is the first large-scale use of undercover law enforcement techniques to uncover FCPA violations and the largest action ever undertaken by [...]

A disaster earthquake hit Haiti. Over a 110.000 people lost their lives. A lot more are homeless and without all basic needs. The world is helping by donating food. And money. Life has always been tough in Haiti, except for the lucky few. Corruption is a big issue in Haiti. In 2006 it was rated [...]

Old fashioned ‘hacking’… A gambling addict in the UK showed how easy it is to circumvent some bank’s security controls. He collected a lot of personal information of random individuals; he researched details such as mothers’ maiden names and people’s first schools at the General Register Office for Scotland in Edinburgh. After having retrieved a [...]