Welcome to our weekly newsletter that provides you with the most recent updates and insights regarding AML, financial crime compliance, and emerging risks.

This week we begin with Adam Cranston was sentenced to 15 years in prison for his role in a USD 105M Plutus payroll tax scheme. Moving on, FTC and DOJ collaborate to provide refunds to victims of Ameritech financial scam, addressing fraudulent activities.

Furthermore, we shed light on ED interrogating KPCC Chief Sudhakaran for hours in relation to financial fraud allegations involving Mavunkal. In another significant story, the CBI initiated a new FIR against GTL Infrastructure for alleged bank fraud of INR 47.6 billion.

Moving forth Former officer DeSalvo was charged by the SEC with a fraudulent Blazar Token crypto scheme targeting law enforcement, and misappropriating funds. U.S. Attorney’s Office also files criminal charges. Lastly, Blockworks reports allegations against Moshe Hogeg in a scam. The article delves into the accusations and related information.