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NEWS: Extradited Italian mobster offers up his private island in Dubai for lenient sentence

Premium November 28, 2023

'TAIWAN': Our photo shows islands in the shape of countries and continents are seen on The World Islands is located approximately 4 km (2.5 miles) off the coast of Jumeirah. The collection of man-made islands are shaped into the continents of the world, and consist of 300 small private artificial islands divided into four categories - private homes, estate homes, dream resorts, and community islands, according to the development company.

NEWS: ML in real estate and focus on PPPs at Lithuania conference, which features AMLA director Krėpšta

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NEWS: TD Bank, Binance likely winners as US DOJ looking at removing monitors for financial crimes

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INSIGHT: North Korean cyber spies created US firms to dupe crypto developers

A major Italian drug trafficker has offered to hand over his private tropical island he bought in Dubai for a reduced his jail sentence. Raffaele Imperiale (49) bought the island, which is part of the “World” constellation of islands off the coast of Dubai, while on the run from Italian police. Extradited to Italy last…

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NEWS: ML in real estate and focus on PPPs at Lithuania conference, which features AMLA director Krėpšta

 Premium

NEWS: TD Bank, Binance likely winners as US DOJ looking at removing monitors for financial crimes

 Premium

INSIGHT: North Korean cyber spies created US firms to dupe crypto developers

Regulatory Watch News

  • OSC charges Ryan Rumble, Michael Dziedzic, and Justin Foss with fraud

    Ontario Securities Commission

    TORONTO – Ryan Rumble, Michael Dziedzic and Justin Foss of Chatham, Ontario have each been charged with one count of fraud over $5,000 contrary to Section 380(1)(a) of the Criminal Code (Code). Mr. Rumble is also charged with one count of Utter Forged Document contrary to Section 368(1)(a) of the Code. The charges relate to Banknote Capital Inc. (Banknote). The three individuals were all directors of Banknote. The Ontario Securities Commission (OSC) alleges that from November 2020 to August 2023, the accused raised more than $11 million from investors by promising high rates of return and guaranteed principal. The OSC further alleges that funds collected from new investors were used to repay existing investors and funds were diverted for the personal benefit of Mr. Rumble.

  • OLAF intelligence supports Lithuanian Customs in major sanctions evasion probe

    OLAF

    On 10 April, investigators from the European Anti-Fraud Office (OLAF) joined officers from the Lithuanian Customs Criminal Service (MKT) in a successful raid on a company suspected of violating EU sanctions. The investigation targeted a business allegedly involved in the illegal export of sanctioned goods to Russia and Belarus. While the items in question were lawfully manufactured in various EU Member States, it is believed the company rerouted them through Central Asian countries to circumvent EU sanctions.

  • Law Enforcement Agencies Pledge Support for EFCC in South-East

    EFCC

    Law enforcement agencies in Enugu State have echoed their unwavering support to the Economic and Financial Crimes Commission, EFCC,  in its bid to tackle economic and financial crimes and other acts of corruption  in the South-East.During her visit to Abel on Thursday, April 10, 2025, Abubakar, who said that the fight against money laundering has assumed a disturbing and alarming dimension in the South-East, noted that as part of the core values of the Commission, the EFCC collaborates with its stakeholders in line with its mandate. She called for a more synergized partnership to enable the two agencies to achieve more success.

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