NEWS: SAR from German bank helps take down construction gang who dodged €17M in tax

Regulatory Watch News

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  Florida Financial Advisor Charged with Promoting Illegal Tax Shelter, Stealing Clients’ Funds and Money Laundering

  US Department of Justice

  September 27, 2024

  A federal grand jury in Gulfport, Mississippi, returned an indictment, unsealed yesterday, charging a Florida financial advisor with a years-long scheme to promote and operate an illegal tax shelter, stealing some of his clients’ funds and money laundering. According to the indictment, Stephen T. Mellinger III, of Florida, was a securities broker, financial advisor and insurance salesman. Beginning in late 2013, Mellinger allegedly conspired with several others to defraud the IRS by promoting an illegal tax shelter.

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  OFSI Issues Monetary Penalty Linked to Russia’s Invasion of Ukraine

  OFSI

  September 27, 2024

  The Office of Financial Sanctions Implementation (OFSI) has issued a monetary penalty to Integral Concierge Services (ICSL) for breaches of the financial sanctions regime imposed on Russia in response to its illegal invasion of Ukraine in 2022.

  As a result of these breaches, ICSL was given a penalty of £15,000. ICSL did not challenge the penalty and paid in full.

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  Relative of OMCG member is third woman jailed in WA over illicit cash investigation

  Australia Federal Police

  September 27, 2024

  The West Australian sister of an offshore Outlaw Motorcycle Gang member has been sentenced to 15 months’ imprisonment, with a non-parole period of seven and a half months, for possessing more than $800,000 of suspected proceeds of crime. The Seville Grove woman, now aged 36, was sentenced by the Perth District Court on Thursday (26 September, 2024), after previously pleading guilty to one count of possessing stolen or unlawfully obtained money, contrary to section 417 of the Criminal Code Amendment Act 2014 (WA).