Financial Crime

Financial crime is defined as crime that is specifically committed against property. These crimes are almost always committed for the personal benefit of the criminal, and they involve an illegal conversion of ownership of the property that is involved.

Source: complyadvantage.com

CFPB’s Chopra Proposes Structural Remedies for Repeat Offenders
CFPB’s Chopra Proposes Structural Remedies for Repeat Offenders
March 29, 2022  |  Regulation

In a speech at the University of Pennsylvania Monday (March 28), Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra urged regulators and enforcers, including the...

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California Man Convicted for PPP Fraud, Money Laundering Scheme
California Man Convicted for PPP Fraud, Money Laundering Scheme
March 29, 2022  |  Legal

A California man has been convicted by a federal jury of submitting fraudulent applications for funds from the Paycheck Protection Program (PPP) and money laundering,...

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Cybercriminal Sentenced to 66 Months for Online Fraud
Cybercriminal Sentenced to 66 Months for Online Fraud
March 25, 2022  |  Security & Fraud

An Estonian man on Friday (March 25) was sentenced to 66 months in prison for his role in a years-long scheme that included computer hacking,...

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Former Paraguay Congress Member Sentenced for International Money Laundering Conspiracy
Former Paraguay Congress Member Sentenced for International Money Laundering Conspiracy
March 25, 2022  |  Legal

Cynthia Elizabeth Tarrago Diaz, once a member of Paraguay’s Congress, was sentenced to prison for her role in an international money laundering scheme, the U.S....

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2 Charged With Conspiracy to Commit Wire Fraud, Money Laundering Over Frosties NFT Scheme
2 Charged With Conspiracy to Commit Wire Fraud, Money Laundering Over Frosties NFT Scheme
March 24, 2022  |  Legal

Two defendants have been charged with conspiracy to commit wire fraud and conspiracy to commit money laundering in connection to a non-fungible token (NFT) scheme,...

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London Cops Nab Seven Teens in Connection with Lapsus$ Hacks
London Cops Nab Seven Teens in Connection with Lapsus$ Hacks
March 24, 2022  |  Cybersecurity

Seven teenagers were arrested by London police on Thursday (March 24) in connection with the recent hacking spree by the Lapsus$ cyber-crime gang that infiltrated...

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ChronoPay Founder Charged With Alleged Payment Scam in Russia
ChronoPay Founder Charged With Alleged Payment Scam in Russia
March 23, 2022  |  Legal

Pavel Vrublevsky, founder of Russian payment technology company ChronoPay, has been charged in Moscow with money laundering. Writing on his website Tuesday (March 22), Brian...

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FinCEN Joins Multi-National Task Force on Russian-Related Finance, Sanctions
FinCEN Joins Multi-National Task Force on Russian-Related Finance, Sanctions
March 16, 2022  |  Fraud Prevention

The Financial Crimes Enforcement Network (FinCEN) announced Wednesday (March 16) that it will be supporting the Russian Elites, Proxies and Oligarchs (REPO) Task Force, which...

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FTC Charges HomeAdvisor With Cheating Small Businesses
FTC Charges HomeAdvisor With Cheating Small Businesses
March 14, 2022  |  Regulation

The Federal Trade Commission (FTC) on Friday (March 11) charged Denver-based HomeAdvisor, Inc., with “a wide range of deceptive and misleading tactics” by selling home...

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