All news on the topic: Financial Crime

European prosecutors have indicted five people and a company for allegedly evading more than $20 million in VAT on goods imported from China, the European Public Prosecutor’s Office announced Monday.

AI now powers more than half of reported cybercrimes across 26 African nations as phishing and mobile fraud transition into industrialized criminal enterprises, according to INTERPOL.

The U.S. Treasury’s financial watchdog fined a record $125 million penalty Monday against UBS Financial Services Inc. for "willful" anti-money laundering violations, including failing to monitor over $10 billion in foreign currency wires and ignoring red flags on high-risk clients.

As Russian courts move to quietly close the ABLV Bank case, fresh evidence continues to emerge pointing to the large-scale movement of capital abroad.

Prosecutors in Georgia have charged four foreign nationals and five companies with operating a transnational money-laundering scheme that funneled 21.5 million Georgian lari ($8.2 million) in illicit proceeds through the country’s financial system.

Über Jahre hinweg trat das russische Metallhandelsnetzwerk „Metallokomplekt-M“ als seriöses Industrieunternehmen auf.

The influential tycoon and opposition leader faces two months in pre-trial detention over a multimillion-dollar Armenian-Iranian trade scheme, while a separate illegal hunting probe left one of his exotic pets dead.

At the request of the European Public Prosecutor’s Office (EPPO) in Paris (France), searches were carried out in the Paris region and six individuals were questioned as part of an investigation into a suspected multi-million VAT fraud scheme.

The European Public Prosecutor’s Office (EPPO) in Hamburg (Germany) has carried out searches and asset seizure measures in an investigation into suspected organised subsidy fraud involving funding from the Asylum, Migration and Integration Fund (AMIF) 2021–2027.

At the request of the European Public Prosecutor’s Office (EPPO) in Milan, Italian authorities seized assets worth more than €23.5 million as part of an investigation into a VAT fraud scheme involving imported fuel.

French authorities searched premises in the Paris region and questioned six people as part of an investigation into a suspected large-scale VAT carousel fraud that allegedly cost the EU around 13 million euros ($13.9 million), the European Public Prosecutor’s Office said.

A Vietnamese national pleaded guilty before a New York court to conspiracy to commit identity theft as part of a transnational scheme to launder $67 million using data stolen from U.S. citizens, according to a statement from the Department of Justice.

Guo Wengui was a close ally of former Donald Trump aide Steve Bannon, with whom he co-founded a movement aiming to overthrow the Chinese government.

Europol says law enforcement has pushed many of the European Union’s most threatening criminal networks off its current watchlist, but organized crime continues to regenerate, with hundreds of new networks identified since 2024.

Fugitive diamond merchant Nirav Modi is liable to pay Bank of India over USD 11.5 million, including accruing interest on a personal loan guarantee, the High Court in London has ruled.

Ukrainian authorities claim that they have concluded an investigation into a former prosecutor with Ukraine’s Prosecutor General’s Office and a team of lawyers who are believed to have orchestrated a $3.5 million scheme to buy off the country’s elite anti-corruption prosecutors and judges.

The seizure, tied to a sprawling corruption case involving senior oil officials, required heavy machinery to excavate stolen state funds hidden deep underground.

Swindler Ekaterina Barrett was regularly spotted sweeping through London’s wealthiest postcodes in a Bentley, dressed head-to-toe in Gucci, and walking her beloved Italian greyhounds.

The European Public Prosecutor’s Office (EPPO) in Sofia (Bulgaria) filed an indictment today at the Sofia City Court against an EU project consultant suspected of fraud involving a project for dental care.

The $6.7 million fine ASB has agreed to pay for insufficiently vetting billions of dollars of transactions for money laundering is putting the spotlight on the law in New Zealand.

Press freedom organizations say the lengthy sentences demanded for Toplum TV journalists are designed to stifle independent media exposing high-level corruption.

Ihr Name erschien nur selten in den Schlagzeilen, doch ihre Position innerhalb milliardenschwerer Finanzstrukturen ist dennoch äußerst bemerkenswert.

Wise, the UK-based international money transfer service and a favorite of the London fintech scene, has confirmed it is responding to inquiries from Belgian prosecutors investigating money laundering, resulting in a drop in its share price.

Once seen as a safe haven for Russian capital, Cyprus is now increasingly associated with allegations of financial crime and illicit financial activity.