Financial crime

TD Bank Insider Sentences Reinforce Importance of AML Controls and Employee Integrity

Two former TD Bank employees have been sentenced to federal prison for separate...

CWPC’s Collapse Exposes Persistent Compliance Failures in the Fight Against Digital Ponzi Schemes

The reported collapse of Creative Walker Promotion Company (CWPC) is more than...

Bitfinex hacker sentenced to five years for laundering stolen cryptocurrency

Ilya Lichtenstein has been sentenced to five years in prison for his role in...

AI emerges as a new cyber weapon as attackers move toward autonomous operations

Artificial intelligence is increasingly being used to enhance cyberattacks,...

U.S. Charges Two Men in US$52 Million COVID-19 Tax Credit Fraud Scheme, Reinforcing Payroll Tax Compliance Risks

The U.S. Department of Justice (DOJ) has charged two men in connection with an...

Analysis- Nigeria’s Virtual Assets Coordination Order: Will Stronger Regulatory Coordination Close Compliance Loopholes?

Nigeria’s decision to establish a coordinated regulatory framework for...

How Tunde Ayeni’s ₦15.6 Billion Fraud Trial Highlights Need for Stronger Corporate Governance Controls

The ongoing trial involving alleged ₦15.6 billion fraud charges against former...

Special Report: £11.5 Million Elder Fraud Case Raises Fresh Concerns Over...

Special Report: Massachusetts Man’s Iran Sanctions Conviction Highlights Growing Compliance Risks Around Export Controls

The conviction of a Massachusetts man for violating U.S. sanctions against Iran...

How Alleged ₦133.9 Billion Nigeria’s Warri Refinery Fraud Case Raises Questions About Governance and Project Oversight

The arraignment of a former Managing Director of the Warri Refining and...