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

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,...

READ MORE >
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....

READ MORE >
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,...

READ MORE >
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...

READ MORE >
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. Get the Full Story Complete the form to...

READ MORE >
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...

READ MORE >
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...

READ MORE >
Financial Crime Prevention Startup Silent Eight Raises $40M
Financial Crime Prevention Startup Silent Eight Raises $40M
March 10, 2022  |  Investments

Singapore-based financial crime prevention firm Silent Eight has closed a $40 million Series B funding round, the company said in a news release Wednesday (March...

READ MORE >
SEC Charges Siblings in $124M ‘Snake Oil’ Crypto Scam
SEC Charges Siblings in $124M ‘Snake Oil’ Crypto Scam
March 08, 2022  |  Cryptocurrency

The Securities and Exchange Commission said a brother-and-sister duo defrauded thousands of investors out of more than $124 million via two unregistered, fraudulent offerings of...

READ MORE >