Greater Manchester Police arrested three individuals in connection with a financial crime investigation into the University of Greater Manchester, alleging fraud, bribery, and money laundering involving over £1m and a million emails.
Ireland's government has launched a new action plan to combat financial crime, specifically naming crypto-assets as an evolving threat. Measures include enhanced safeguards for digital finance and establishing industry standards for verifying crypto funds.
Former Scottish First Minister Jack McConnell has called for a joint inquiry by the UK and Scottish parliaments into Peter Murrell's embezzlement of over £400,000 from the SNP. Murrell, estranged husband of Nicola Sturgeon, pleaded guilty last week. McConnell suggested a joint probe could avoid perceptions of a cover-up or a 'hatchet job'.
Former Scottish First Minister Jack McConnell urges UK and Scottish parliaments to hold a joint inquiry into Peter Murrell's £400,000 embezzlement from the SNP. He suggests this would avoid perceptions of a cover-up or a "hatchet job" and examine the relationship between the prosecution service and government.
Turkish authorities have launched an investigation into a sophisticated financial crime organization suspected of laundering approximately 200 billion Turkish Liras. The operation, involving 21 provinces, led to the arrest of 161 suspects, including a journalist and alleged ringleader Selahattin A.U., who reportedly managed the organization from North Cyprus.
A report by the Finance Innovation Lab charity estimates that over £325bn of illicit money flows through the UK annually, equivalent to 10% of GDP. The figure rises to £788bn when including UK overseas territories. The report urges government action to tackle economic crime and calls for a pause on plans to make London a crypto hub.
Police in the Midlands arrested a man suspected of selling banking information and money laundering, linked to romance fraud. The Cyber Defence Alliance (CDA) provided exclusive access to the operation, which has led to hundreds of arrests.
Police have arrested a man suspected of selling banking information online and laundering money. The raid, part of a wider operation involving the Cyber Defence Alliance and international police forces, highlights the prevalence of romance fraud, which has devastated victims like Kirsty Guest.
Tether, TRON, and TRM Labs have frozen nearly $450 million in crypto assets linked to illegal activities through their T3 Financial Crime Unit. The unit, established in 2024, has collaborated with law enforcement in 23 jurisdictions, aiding investigations into various crimes including exchange hacks and North Korea-linked activities.
The T3 Financial Crime Unit, backed by Tether, Tron, and TRM Labs, has frozen over $450M in assets tied to suspected criminal activities like drug trafficking, hacks, and terrorist financing across 23 jurisdictions since 2024.
An unprecedented international law enforcement operation led by the FBI, Dubai Police, and Chinese Ministry of Public Security resulted in 276 arrests and the dismantlement of nine scam centers used for cryptocurrency investment fraud. The operation targeted 'pig-butchering' schemes that defrauded Americans of millions of dollars. Three defendants were charged in San Diego with federal wire fraud and money laundering charges.
A veteran finance professional with decades of experience at major institutions like JP Morgan, Citi and BNY Mellon recounts nearly being scammed via WhatsApp. The scam involved a message from a senior Japanese banker friend requesting a payment, complete with verified profile details. The author emphasizes that even sophisticated individuals are vulnerable to increasingly sophisticated AI-driven scams, noting that deception cases accounted for 48% of all crime in Hong Kong last year with losses reaching HK$3.6 billion.
Canada is establishing a new Financial Crimes Agency (FCA) to investigate and prosecute financial crimes, completing the bill's first reading in parliament. The agency results from a public inquiry finding Canada lacked a cohesive anti-money laundering strategy. Canada will also ban cryptocurrency ATMs, of which it has nearly 4,000—the most per capita globally. The move contrasts sharply with US policy under the Trump administration, which pardoned convicted money launderers and shifted thousands of investigators away from financial crime.
The IRS has paid Palantir $130 million since 2018 to use its Lead and Case Analytics software for probing financial crimes, according to public records obtained by American Oversight. The software aggregates data across federal agencies and can find connections from millions of records with thousands of links between databases, particularly effective at mapping human relationships and communications.
