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 New York fraud trial that poses potential threats to Donald Trump’s business empire, raising concerns about legal challenges and reputational damage. Moving on, the ringleader of a USD 20 million COVID-19 relief fraud operation has been sentenced to 15 years in prison, following a significant law enforcement effort.

Furthermore, we shed light on how Elon Musk is confronted with a fraud lawsuit for allegedly disclosing his Twitter stake belatedly, which may have affected the stock price. In another significant story, the two primary suspects in the Himachal Pradesh cryptocurrency scam have been captured in Gujarat, marking a significant development in the case.

Moving forth Chanda Kochhar, implicated in the ICICI Bank loan fraud case, approaches the Supreme Court seeking retirement benefits and ESOPs amid legal proceedings. Lastly, actor Ranbir Kapoor has been summoned by the Enforcement Directorate (ED) as part of the Mahadev app scam investigation