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Welcome to our weekly newsletter that provides you with the most recent updates and insights regarding AML, financial crime compliance, and emerging risks.
This edition begins with Texas FCIC, headquartered in Tyler, playing a vital role in preventing financial fraud, and assisting investigations, resulting in thwarting USD 131 million worth of fraudulent activities. Moving on, Economic Offences Wing in India reveals a widespread cryptocurrency scam amounting to INR 1000 crore, encompassing various regions.
Furthermore, we shed light on CBI and Interpol joining forces to capture a bank fraud convict in a case dating back three decades, highlighting international cooperation. In another noteworthy story, the EU funds fraud probe exposes the Bulgarian mayor’s involvement in misusing funds, raising concerns over the misuse of European financial assistance.
Additionally, we report on the Japanese antitrust watchdog initiating an inquiry into suspected insurance cartel activities, examining potential violations of competition laws and market manipulation. Lastly, a Former Tennessee Titans player was detained in Canada due to alleged financial fraud, highlighting potential ethical issues within professional sports.
- #AMLInsights
- #FinancialCrimeUpdate
- #EmergingRisks
- #TexasFCICSuccess
- #CryptocurrencyScam
- #GlobalCooperation
- #BankFraudCapture
- #EUfundsMisuse
- #BulgariaMayorProbe
- #InsuranceCartelProbe
- #EthicalSportsIssue
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