Raisin Bank Teams up With ComplyAdvantage to Scale Its Anti-money Laundering Program

Raisin Bank Teams up With ComplyAdvantage to Scale Its Anti-money Laundering Program

LONDON, December 07, 2021–(BUSINESS WIRE)–Raisin DS’s servicing bank, Raisin Bank AG, is teaming up with ComplyAdvantage, the leader in AI-driven financial crime risk detection, to scale its anti-money laundering (AML) program. On the heels of launching as a cloud bank, Raisin Bank needed a provider that could keep pace with fast growth. The scalable solutions … Read more

Savannah woman pleads guilty to laundering ‘pill mill’ money | USAO-SDGA

Leader of Money Laundering Network Responsible for Laundering Millions of Dollars in Drug Proceeds Sentenced | USAO-EDVA

SAVANNAH, GA:  A former Garden City, Ga., clinic owner and CEO has admitted to laundering money in connection with a notorious “pill mill” doctor who illegally dispensed massive amounts of controlled substances. Jamesetta Whipple-Duncan, 58, of Savannah, pled guilty in U.S. District Court to one count of Money Laundering, said David H. Estes, U.S. Attorney … Read more

3 Men Sentenced for Using Gold Exchange As Front for Money Laundering

3 Men Sentenced for Using Gold Exchange As Front for Money Laundering

Edward J. Schwartz federal office building in downtown San Diego. Photo via casd.uscourts.gov A federal judge sentenced the managers of a San Diego gold exchange business Friday for financial crimes stemming from a long-running money laundering operation. According to the U.S. Attorney’s Office, Global Gold Exchange LLC, and managers Richard M. Owen, 52, James Warren, … Read more

Tampa woman gets 5 years for laundering money tied to sexualized ‘child modeling’ website, DOJ says

Tampa woman gets 5 years for laundering money tied to sexualized ‘child modeling’ website, DOJ says

TAMPA, Fla. (WFLA) — A Tampa woman was sentenced to five years in federal prison for her role in a money-laundering conspiracy connected to a sexually exploitative “child modeling” website. Patrice Eileen Wilowski-Mevorah, 53, of Tampa laundered more than $2 million for the Newstar Enterprise —an internet-based business aimed at “for-profit sexual exploitation” of children … Read more

Four People Plead Guilty to Mail Fraud, Wire Fraud, and Money Laundering Charges | USAO-CDIL

Leader of Money Laundering Network Responsible for Laundering Millions of Dollars in Drug Proceeds Sentenced | USAO-EDVA

SPRINGFIELD, Ill. – Four individuals have pleaded guilty over the past three months to mail fraud, wire fraud, and money laundering charges that were related to schemes involving the submissions of fraudulent claims for childcare services to the Illinois Department of Human Services that resulted in a loss of approximately $1,300,000 to the State of … Read more

18k money mules caught laundering money from online fraud

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Europol has announced the arrest of 1,803 money mules out of 18,351 identified following an international money-laundering crackdown operation codenamed “EMMA 7.” As its name suggests, this was the seventh EMMA (European Money Mule Action) operation, with the first taking place in 2016. The operation relied on a large-scale collaboration of law enforcement agencies in 27 … Read more

Federal court grants time for filing motions in marijuana, money laundering case in Farmington area

Federal court grants time for filing motions in marijuana, money laundering case in Farmington area

BANGOR — A federal judge has temporarily paused the deadline for filing pretrial motions in the case of an alleged marijuana and money-laundering scheme in the Farmington area to give the defendants and their counsel more time to review evidence collected by the government. The ruling stands pending scheduling a conference on the case the … Read more

Macau arrests 11 people for alleged illegal gambling and money laundering

Macau arrests 11 people for alleged illegal gambling and money laundering

A logo of Macau junket operator Suncity Group is seen at a gaming fair in Macau, China November 18, 2015. REUTERS/Bobby Yip//File PhotoRegister now for FREE unlimited access to reuters.comRegisterHONG KONG, Nov 28 (Reuters) – Macau police have arrested 11 people in an investigation into an illegal gambling and money laundering syndicate, according to an … Read more

Noted Expert on Corruption Sentenced for Money Laundering Scheme

By Jonny Lupsha, Current Events Writer In an ironic twist, a corruption expert has been sentenced for money laundering. Former University of Miami professor Bruce Bagley received six months for laundering $2.5 million and keeping a commission of $192,000. Money laundering makes illicit funds look legitimate. Money laundering is the process criminal organizations or individuals … Read more

Anti-money laundering credentials key for Binance’s Paris plans – regulator

S.Korean game producers chase NFTs in real-money boost for players and firms

PARIS, Nov 25 (Reuters) – France’s financial sector regulator said on Thursday that crypto exchange Binance must focus on its anti-money laundering compliance if it wants regulatory backing to set up a possible regional hub in Paris.Regulators across the world have in recent months scrutinised Binance, the world’s largest exchange by trading volumes. Some have … Read more