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 The Central Bureau of Investigation (CBI) legal action against Unity Infraprojects in an INR 38 billion bank fraud case in India, launching an FIR against the company. Moving on, a prominent German banker is facing trial for his alleged role in a massive tax fraud scheme worth nearly 280 million euros.

Furthermore, we shed light on a former Deutsche Bank investment banker who has admitted guilt in a cryptocurrency fraud case, marking a significant development in the ongoing legal proceedings. In another significant story, Alex Murdaugh has entered a guilty plea for federal conspiracy, wire fraud, bank fraud, and money-related offenses.

Moving forth a man has been sentenced in connection with a multi-year fuel credit tax fraud scheme totaling USD 35 million, as per the U.S. Department of Justice. Lastly, in Kerala, two women, and a Democratic Youth Federation of India (DYFI) leader have been accused of swindling INR 4.2 million from a financial firm, leading to a registered case.