US Treasury designates what may be first Canadian company as part of a significant money laundering organization and drug trafficking organization

Tweet Canada now has its first official drug kingpin and its a company in Ontario. The US Department of the Treasury’s Office of Foreign Assets Control yesterday designated a Canadian company as part of a significant foreign money laundering organization and drug trafficking organization. The Kingpin Act is used for the most serious of designations and […]

FATF to finalize interpretation of virtual assets, digital currency exchanges and ICOs to require they be FIU-registered and supervised for AML compliance

Tweet In furtherance of the US approach to responsible innovation, the Financial Action Task Force (“FATF“)’s private sector consultation in Vienna two weeks ago, will help drive changes to FATF Recommendation 15 to bring digital currencies, ICOs, and digital currency exchanges more fully into the AML requirements in June 2019. The Vienna change will take […]

21-year-old SIM swapper who allegedly stole $81 million in crypto, ordered to pay it back

Tweet Bitcoin investor, Michael Terpin, won a US$75.8 million civil judgment on Friday in California against 21-year-old Nicholas Truglia who SIM-swapped Terpin’s cellular phone and stole over US$23 million from Terpin’s digital currency wallets that held coins from three ICOs. In all, Truglia is alleged to have stolen over US$81 million in crypto currencies via […]

France & Spain go after Syrian PEP, the Butcher of Hama’s $1 billion in unexplained wealth

Tweet Rifaat al-Assad, the uncle of Syria’s President Bashar al-Assad, is facing permanent asset forfeiture in France in connection with unexplained wealth and asset accumulation in France. He was charged in France last month with corruption, money laundering and embezzlement of state assets from Syria. He was ordered to remain in France. He is a politically […]

US seeks money laundering forfeiture of a large cargo ship citing sanctions and correspondent banking violations

Tweet The US government unsealed a federal forfeiture complaint this week, seeking in rem forfeiture of a cargo ship that was used for sanctions avoidance to benefit North Korea which used US correspondent banks to engage in sanctions avoidance. The case has no tie to the US except for the use of correspondent banks and […]

Former Head of Financial Crime Regulator and Director of Danske Bank Charged with Money Laundering Failures

Tweet According to the Danish press, Henrik Ramlau-Hansen, the former head of the Danish Financial Supervisory Authority, Denmark’s bank regulator, who was a director of Danske Bank, has been criminally charged and his house raided in connection with a €200 billion money laundering scandal involving Danske Bank. The charges are pursuant to Denmark’s anti-money laundering legislation and […]

Australian police uncover Bitcoin-related alleged international drug traffickers

Tweet Two Bitcoin-related alleged drug traffickers living large  In the last few months, the Australian Federal Police have arrested two well-known Bitcoin guys suspected of leading secret lives as international drug traffickers. Both alleged to the public that they had real jobs, one operating a digital currency exchange and the other an IT business, but […]

Colombian financial crime police find suspected money launderer on Instagram buying Lamborghini and Porsche on her Dad’s $2,400 a year salary

Tweet The Colombian financial crime police noticed and tracked down a suspected money launderer by following her extravagant shopping sprees on Instagram. Jenny Ambuila, a Colombian foreign national, was arrested by Colombian federal police for suspected money laundering. She posted many images of expensive purses and 5 star hotel stays in the EU as well as […]

World’s leading company for communications tech for money laundering and drug trafficking used by top transnational criminal organizations for 10 years, created in Vancouver

Tweet World leader in organized crime communications was launched in Canada A Vancouver company, called Phantom Secure, a little over a year ago, was the world leader in providing illegal encrypted communication services for the top international drug traffickers in the world. But perhaps no more. On March 8, 2018, the CEO of Phantom Secure, a […]