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

Danske Bank Charged In Money Laundering Scandal
Danske Bank Charged In Money Laundering Scandal
November 28, 2018  |  Security & Fraud

Preliminary charges have been filed against Denmark’s biggest lender, Danske Bank, over allegations that it violated the country’s money laundering laws, according to a report...

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Money Laundering? Dutch Police Find $400K In Washing Machine
Money Laundering? Dutch Police Find $400K In Washing Machine
November 26, 2018  |  Security & Fraud

Money laundering took on a new meaning this past week after Dutch police arrested a man who had hidden $400,000 in cash inside the drum...

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Changes Coming To House Financial Services Committee Under New Congress
Changes Coming To House Financial Services Committee Under New Congress
November 19, 2018  |  Regulation

Democratic Rep. Maxine Waters reportedly wants the House Financial Services Committee to go in a new direction if she leads it, which is expected from...

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Danske Bank Whistleblower Implicates Major EU Bank, US Lenders
Danske Bank Whistleblower Implicates Major EU Bank, US Lenders
November 19, 2018  |  Security & Fraud

Danske Bank whistleblower Howard Wilkinson, speaking during a public hearing at the Danish parliament Monday (Nov. 19), contended that a major European bank helped to...

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First Securities Fraud ICO Case To Plead Guilty
First Securities Fraud ICO Case To Plead Guilty
November 16, 2018  |  Legal

A New York man charged in the first fraud prosecution involving initial coin offerings has pleaded guilty to lying to about 1,000 investors. Maksim Zaslavskiy...

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FinCEN Tightens Real Estate Cash-Buyer Reporting Threshold
FinCEN Tightens Real Estate Cash-Buyer Reporting Threshold
November 16, 2018  |  Regulation

The Financial Crimes Enforcement Network (FinCEN) announced that it has issued revised Geographic Targeting Orders (GTOs), which will now require U.S. title insurance companies to...

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Danske Scandal Could Involve US Banks
Danske Scandal Could Involve US Banks
November 14, 2018  |  Banking

A lawyer for the whistleblower in the Danske Bank money laundering scandal warns that investigators should look into whether major Western banks were involved. Stephen...

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Bitcoin Daily: South Korean Crypto Startup Steals $2.7M In Exit Scam; Venezuela Wants World’s Oil Market To Use Petro
Bitcoin Daily: South Korean Crypto Startup Steals $2.7M In Exit Scam; Venezuela Wants World’s Oil...
November 12, 2018  |  Bitcoin

Another exit scam has hit the crypto world. This time, South Korean blockchain company Pure Bit has reportedly stolen $2.7 million worth of investors’ money...

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French Prosecutors Call For UBS To Pay 3.7B Euros For Tax Evasion
French Prosecutors Call For UBS To Pay 3.7B Euros For Tax Evasion
November 08, 2018  |  International

UBS, the Swiss bank, is facing calls from French prosecutors to pay a fine of 3.7 billion euros for what it contends is helping wealthy...

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