Pakistan's Federal Investigation Agency (FIA) has launched a dedicated cryptocurrency investigation unit within its new National Command and Control Centre to combat money laundering and terrorism financing via digital assets, complementing the nation's broader push to formalize the crypto sector.
Former Hong Kong fencer Chiu Man-to was sentenced to three years and four months in prison for laundering over HK$10 million through mule accounts. He admitted to using five bank accounts between August 4-27, 2021, profiting HK$4,000 from the scheme.
A 40-year-old Keysborough man has been arrested and charged in Victoria, Australia, as part of an investigation into an alleged organised crime syndicate linked to 41 cannabis crop houses and $17.5 million in restrained properties. Police warn those who facilitate such operations will also be targeted.
Thailand's central bank is increasing stablecoin oversight, focusing on USDT, to curb illicit finance and "gray money." Measures target cash, forex, and gold trading, expanding compliance for regulated entities and requiring source-of-funds declarations for high-value transactions.
Rossen G. Iossifov, a 53-year-old Bulgarian national and owner of the RG Coins crypto exchange platform, has been sentenced to 121 months in prison by a US federal court for laundering nearly $5 million in crypto for a Romanian fraud network that targeted at least 900 American victims.
Rebel TMC MLA Ritabrata Banerjee announced plans to approach the Supreme Court after the Calcutta High Court permitted the Mamata Banerjee-led TMC to temporarily operate three frozen bank accounts. The accounts were frozen as part of a money laundering probe linked to alleged financial irregularities.
Deputy Finance Minister Liew Chin Tong denied reports that fugitive businessman Jho Low secretly entered Malaysia last year for talks related to the 1MDB scandal. Low faces charges in the US and Malaysia for his alleged role in the misappropriation of billions from the state fund.
The Enforcement Directorate (ED) has frozen Rs 440 crore in three TMC bank accounts in HDFC Bank as part of a money laundering investigation. The funds were allegedly used to purchase an aircraft and a helicopter for Rs 112 crore through a Kolkata-based company, Carewell Aviation.
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.
The Guardian investigation reveals that bankers reported potential money laundering concerns to the National Crime Agency (NCA) regarding transactions involving senior Reform UK figures, including Nigel Farage and Richard Tice. Suspicious activity reports (SARs) were filed over donations and loans, prompting scrutiny of the party's finances and adherence to electoral rules.
The Enforcement Directorate searched five Kolkata locations on Tuesday as part of a money laundering investigation. Preliminary findings indicate over Rs 150 crore was routed through aviation and travel firms for suspicious purposes.
A court in eastern China has sentenced former official Yang Youlin to death for accepting over 2.2 billion yuan (US$323.8 million) in bribes. The sentence, one of the harshest for economic crimes in recent years, also includes lifelong political rights deprivation and asset confiscation.
Belgian police arrested a 19-year-old suspected of leading a phishing and money-laundering network that stole over €500,000 using fake government emails. The suspect was found in an Airbnb in Antwerp, where a second individual was also apprehended. The investigation highlights crypto's role in laundering illicit funds and the broader threat of phishing to crypto investors.
Li Min, an assistant manager for a Wang Fuk Court renovation project consultant, was granted HK$300,000 bail by a Hong Kong High Court pending her money-laundering trial. She is among nine accused in connection with a deadly fire and alleged fraud.
Former Goliath Ventures CEO Christopher Alexander Delgado pleaded guilty to a crypto investment scheme that prosecutors say raised at least $400 million. Funds were used for luxury spending and to pay earlier investors, causing at least $250 million in losses. Delgado faces prison time and agreed to forfeit luxury assets.
Exiled Chinese tycoon Guo Wengui has been sentenced to 30 years in prison by a US federal court for defrauding over 1,000 people out of more than $1 billion. Guo, also known as Ho Wan Kwok and Miles Guo, was found guilty of securities offenses, wire fraud, and money laundering. Judge Analisa Torres ordered a forfeiture of $889 million, citing Guo's exploitation of a philanthropic purpose and intimidation of critics.
Two owners of Hong Kong's Hunter Bookstore, arrested on suspicion of sedition and money laundering, have been released on bail. Police allege they sold inflammatory publications, organized talks targeting youth, and received funds from foreign political organizations.
Senator Elizabeth Warren, a former crypto critic, co-authored a bipartisan housing bill that includes a provision blocking the Federal Reserve from issuing a retail digital dollar until at least 2030, a significant legislative shift from her previous support for CBDCs.
Hong Kong police arrested 69 individuals linked to a syndicate suspected of laundering approximately HK$200 million (US$25.5 million) from cross-border investment fraud. The operation, involving over 170 victims, targeted "mule" bank accounts used in the scheme.
Le groupe Altrad, spécialisé dans le matériel de bâtiment, fait l'objet d'une enquête préliminaire pour fraude fiscale aggravée et blanchiment en bande organisée. Des perquisitions ont eu lieu dans plusieurs lieux en France, y compris le siège de Montpellier.
Le groupe Altrad, spécialisé dans le BTP, fait l'objet d'une enquête préliminaire pour fraude fiscale aggravée et blanchiment. Des perquisitions ont eu lieu, notamment au siège à Montpellier. Les soupçons portent sur un système de fraude estimé entre 350 et 400 millions d'euros.
Thai police are searching for couple Mauerberger and Cattaliya Beevor, wanted for fraud and money laundering related to a decade-old investment scheme. Nearly $700 million in assets, including a superyacht named Atlas, have been seized and will be auctioned.
Le groupe Altrad, spécialisé dans le matériel de bâtiment, fait l'objet d'une enquête préliminaire pour fraude fiscale aggravée et blanchiment en bande organisée. Des perquisitions ont eu lieu dans plusieurs lieux en France, dont le siège de Montpellier.
The Enforcement Directorate is investigating Cochin Minerals and Rutile Limited (CMRL) for alleged money laundering, focusing on payments to an IT firm owned by Veena T, daughter of a former Kerala CM. An SFIO report details financial irregularities orchestrated by CMRL's MD, SN Sasidharan Kartha, including misrepresenting expenses and colluding with auditors and vendors for inflated payments totaling ₹182 crore.
