In the “Weekly Round-Up” we summarise and give extra reading suggestions for some of the past weeks financial crime news headlines, powered by Acuminor’s crime universe ThreatView® .
It’s Friday again, and time to round up this spring week. This week Acuminor attended the “Money laundering days” conference here in Sweden, where the CEO of Acuminor, Martin Nordh, talked about how technology can be used efficiently to combat financial crime. I also held a talk on money laundering connected to new payment methods and virtual assets. It was a really appreciated event that served as a meeting ground for fellow crime fighters, both from the public and private sectors.
There has, as usual, been plenty of interesting News that has flown passed our desk during the week.
Europol’s Financial and Economic Crime Centre (EFECC), law enforcement from Spain and Germany, has shut down a money-laundering ring that provided a shadow banking system for criminals.
Europol – Three German fugitives arrested in Spain for providing shadow banking system to criminals
The International Consortium of Investigative Journalists has updated its “Offshore Leaks” database with a large volume of information on beneficial owners, shareholders, directors, and other officers from more than 9,000 offshore companies, foundations, and trusts.
The Organised crime and corruption reporting project has also released a new leak that initially was obtained by the non-profit organisation Centre for Advanced Defence Studies. The leak provides the first detailed public overview of those buying properties in Dubai.
From the USA, The Joint Chiefs of Global Tax Enforcement has released an intelligence bulletin on red flags related to NFT (Non-fungible token) to provide insight to banks, law enforcement partners and private industry regarding potential red flags in NFT Marketplaces.
IRS – J5 Releases NFT Red Flags to Warn Public of Risks
The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) has released a sectoral and geographic advisory on money laundering and terrorist activity financing risks associated with underground banking through unregistered money services businesses (MSBs).
To end this week’s round-up. The UK’s fraud prevention community, CIFAS, has released their flagship intelligence report, Fraud scape 2022. The report combines data from the National Fraud Database (NFD) and Internal Fraud Database (IFD), along with intelligence provided by Cifas members, partners and law enforcement.