Every time a new technology is invented to make our lives easier, the bad guys will find a way to abuse that.
Mobile Fraud – What You Need to Know
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Our Blog
AML Articles, Interviews, News, Events, & Resources
Bulk Cash Smuggling
Here’s a link to a great article from the NY Times, 12/25/09, about bulk cash smuggling along the US – Mexico border.
A New Meaning to Kick Out Money Launderers
Let’s see, ya got ref’s being bought in the NBA, point shaving scams in college sports, steroids in baseball and football. Well at least soccer is clean…oh no, what’s this, money laundering and soccer…
Chicago Sports Webio "Ponzi Scheme"
Mike North’s business partner in a new Internet sports-talk station in Chicago is a convicted felon who has filed for bankruptcy three times and now faces civil charges of running a Ponzi scheme.
Mayor Joseph Vas Pleads Guilty to Money Laundering
PERTH AMBOY — The corruption investigation swirling around former Perth Amboy mayor Joseph Vas took another twist today when a former Vas aide pleaded guilty to accepting $25,000 from a major city developer and funneling the money into a congressional campaign.
TARP Investment Program
The proposed governmental program allowing the purchase of toxic bank assets “presents an ideal opportunity” for criminals wishing to launder money, a U.S. watchdog agency said Tuesday.
Troubled Asset Relief Program (TARP)
The Office of the Special Inspector General for the Troubled Asset Relief Program (“SIGTARP”) was created under the Emergency Economic Stabilization Act of 2008 (“EESA”) to conduct, supervise, and coordinate audits and investigations of the purchase, management, guaranty, and sale of assets under the TARP. More than $300 billion has already been expended, and Secretary Geithner has now outlined his plans for how Treasury will spend the balance of the $700 billion approved by Congress under EESA…”
Federal TARP Program to Begin Fraud Probe
An interesting article regarding possible bank fraud and bail-out funds…
How Police Busted UK's Biggest Cybercrime Case
The story of the investigation into the failed multi-million pound cyberheist at Sumitomo Bank can finally be told, following the recent conviction and sentencing of its perpetrators.
NYPD Officer Yaniris Balbuena laundered drug money for boyfriend, says feds
An NYPD cop moonlighted as a money-launderer for her drug-dealing boyfriend, picking up cash from his heroin operation and making bank deposits, prosecutors charged.
Forgetful thieves are forced to leave behind stolen ATM
A couple of absent-minded thieves tried to steal an ATM machine from a Jersey City grocery store early this morning, but instead they gave new meaning to the term “fell off the back of a truck.”
Prostitutes’ Boss in Spitzer Case Is Sentenced
A former tax specialist who ran the high-priced escort service patronized by former Gov. Eliot Spitzer was sentenced on Friday to 2½ years in prison on prostitution and money laundering conspiracy charges.
“Anti-Money Laundering In A NutShell”
Author, Kevin Sullivan, CAMS
A concise, accessible, & practical guide to compliance with anti–money laundering law for financial professionals, corporate investigators, business managers, and all personnel of financial institutions…
✯✯✯✯✯ Entertaining and Simplified Overview of the Complicated World of AMLPerfectly written book by an industry leader! Gives the reader a solid foundation and understanding of the multiple moving parts of AML and BSA. Highly recommend for anyone in the field, or anyone interested in financial crimes.