First it was $1 billion a year (maybe) being laundered through Lower Mainland casinos and real estate. Then it became $5 billion (maybe) in real estate alone for 2018. These dramatic, expanding estimates have persuaded Premier John Horgan and Attorney General David Eby to put aside their serious concerns about cost and a lack of…
The transaction took place on Thursday, May 23rd, and was mined by the China-based mining pool LTC.top in block 1636831. The fee was so massive that it caused the average transaction fee on the Litecoin network to jump from $0.05 to $0.70. Transaction fees haven’t been that high since Litecoin was worth $400 a pop at…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News LAHORE: An accountability court on Monday extended physical remand of two accused, allegedly involved in money laundering for Shehbaz Sharif family, till June 10. Accountability Court Judge Syed Jawadul Hassan conducted the case proceedings wherein National Accountability Bureau (NAB) officials produced Fazal…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The Financial Services Agency (FSA) of Japan is set to introduce even more stringent regulatory measures for Bitcoin exchanges in the country. The move comes as the country’s top financial regulator tries to improve its anti-money laundering (AML) protocols with review by the Financial…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News There is a principle of financial investigation so old that it’s often used in its original Latin: Cui bono? The question of who benefits, as the term translates, implies that, if you are trying to solve any crime — particularly one involving money — you must look for who stood to…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Money laundering Money is the main cause for people to engage in almost any type of criminal activity. Money-laundering is the process of concealing the source of illicit funds or “dirty money.’’ Money laundering crimes are fraud and drug trafficking. It is…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News STOCKHOLM/COPENHAGEN (Reuters) – Loomis AB said it would investigate allegations it played a role in a Danish money laundering scandal, the Swedish cash-handling company said on Thursday. At its annual general meeting a day earlier a journalist from Denmark’s TV2 alleged that…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News COLUMBUS, Ohio – A bill that would legalize sports betting in Ohio was heavily changed Thursday to prevent people from using laundered money in the games. House Bill 194 also has changes to ensure Ohio conforms with the federal Wire Act, which the…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Japan’s financial regulators are considering enacting new rules aimed at bitcoin exchanges as it steps up anti-money laundering countermeasures. This issue will also be raised at the forthcoming G20 Summit, which takes place in Osaka on June 28 and 29. Specifically, the Financial…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News We’ve all seen the reports of criminals carrying bags of money into casinos or buying luxury cars with stacks of neatly bundled bills. If real estate is the third part of this story, many may wonder just who exactly are B.C. realtors…