Fraud
During the height of the COVID-19 pandemic, relief programs were established to support small businesses and the economy. Unfortunately, some individuals exploited these programs for personal gain, stealing from taxpayers and legitimate business owners who genuinely needed help. The United States Attorney's Office, in conjunction with the Federal
Fraud
The United States Attorney's Office for the Northern District of Georgia announced that Salimot Akande, Garey Henderson, and Jacqueline Rollizo were arraigned on federal fraud and money laundering charges for allegedly defrauding COVID-19 pandemic relief programs. The defendants allegedly obtained approximately $1.6 million in fraudulent Paycheck Protection
Fraud
As the Economic and Financial Crimes Commission (EFCC) intensifies its crackdown on fraud and illicit financial flows in the real estate sector, developers in Nigeria have been warned to clean up their operations or face legal consequences. The EFCC Chairman, Ola Olukoyede, stated that the Commission is now closely monitoring
Fraud
A Ghanaian national, Nana Kwabena Amuah, is at the center of a major financial crime investigation in the United States, which has now been linked to a seized luxury car in Ghana. Amuah, serving a 7-year prison sentence for conspiracy to commit money laundering, is accused of leading a multi-million-dollar
Fraud
The Federal Investigation Agency (FIA) has launched a thorough investigation into Universal Tobacco Company (UTC), a cigarette manufacturer based in Mardan, over allegations of tax evasion and financial irregularities. The investigation focuses on UTC's suspected manipulation of sales figures, underreporting of production, and misuse of the FBR'
Fraud
Malta's thriving financial services sector is a testament to the country's stable regulatory framework and skilled workforce, attracting banks, payment providers, and online gaming operators from around the world. However, this success also brings its own set of challenges, including the ever-present threats of financial crime,
Fraud
Christine Chapman, a 38-year-old US woman, has been sentenced to over eight years in prison for helping North Korean IT workers use false identities to get remote jobs with American companies, generating around $17 million. The scheme, which started in 2020, involved Chapman acting as a US representative for a
Fraud
Federal authorities executed search warrants at four properties associated with individuals allegedly involved in an identity, tax, and welfare fraud syndicate targeting unsuspecting Australians. The operation, led by the Australian Taxation Office, has identified four individuals alleged to have engaged in tax fraud, identity fraud, welfare fraud, and money laundering.
Fraud
Environment Agency officers have arrested two men and a woman suspected of conspiracy to commit fraud and money laundering as part of an investigation into illegal recycling paperwork. The suspects were detained in raids with North West Regional Organised Crime Unit, with one individual arrested at a property in Bolton
Financial services
The United Kingdom's Financial Conduct Authority (FCA) has imposed a £42 million penalty on Barclays Bank for shortcomings in its anti-money-laundering (AML) systems and controls. The bank failed to gather adequate customer information, neglected to conduct effective ongoing monitoring, and ignored clear red flags, even after receiving law-enforcement
Financial services
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) announced its intention to delay the effective date of the Investment Adviser Rule from January 1, 2026, to January 1, 2028. This decision comes after FinCEN issued the Investment Adviser Rule in September 2024 to address
Fraud
The founder of a cryptocurrency, Rowland Marcus Andrade, was sentenced to 84 months in federal prison for wire fraud and money laundering. Andrade, 47, was found guilty after a five-week trial in March 2025, where a jury concluded that he had made false statements to investors about the cryptocurrency, AML
