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NEWS: Wirecard ex-CEO Braun, two others ordered to pay €140M in damages

Premium September 5, 2024

Wirecard's former CEO Markus Braun arrives at a courtroom as his trial continues, after the German payments company collapsed in the wake of a fraud scandal in 2020, in Munich, Germany, December 12, 2022. REUTERS/Lukas Barth

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NEWS: UK’s FCA bans ex-Credit Suisse VP Detelina Subeva after US money laundering conviction

INSIGHT: ‘Fincrime Central’ admits using AI to re-write Sarah Beth’s original opinion column; result ‘diluted, degraded’ original content

INSIGHT: The ‘5 lenses’ – best practise in establishing an enterprise wide Anti-Financial Crime Op Model

By Christina Amann Wirecard ex-CEO Markus Braun and two other executives at the defunct German payments firm were ordered to pay 140 million euros ($155 million) in damages on Thursday over loans to an Asian business partner that were never repaid. A Munich court judge upheld claims by insolvency administrator Michael Jaffe that Braun and…

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Premium

NEWS: UK’s FCA bans ex-Credit Suisse VP Detelina Subeva after US money laundering conviction

INSIGHT: ‘Fincrime Central’ admits using AI to re-write Sarah Beth’s original opinion column; result ‘diluted, degraded’ original content

INSIGHT: The ‘5 lenses’ – best practise in establishing an enterprise wide Anti-Financial Crime Op Model

Regulatory Watch News

  • SEC Charges Former Real-Estate Investment CEO with Operating Multimillion Dollar Ponzi-Like Scheme

    SEC

    Washington D.C., May 22, 2025 —
    The Securities and Exchange Commission today charged San Francisco Bay Area resident Kenneth Mattson, the former CEO of real estate investment business LeFever Mattson, with defrauding approximately 200 investors of at least $46 million by selling them fake interests in real estate investment limited partnerships. Many of these investors were retired senior citizens Mattson met through his church community.

  • Law Enforcement Seize Record Amounts of Illegal Drugs, Firearms, and Drug Trafficking Proceeds in International Operation Against Darknet Trafficking of Fentanyl and Opioids; 270 Arrested Across Four Continents

    US Department of Justice

    Today, the Attorney General and the Department of Justice’s Joint Criminal Opioid and Darknet Enforcement (JCODE) team, and international law enforcement partners announced the results of Operation RapTor, including the arrests of 270 dark web vendors, buyers, and administrators in Austria, Brazil, France, Germany, the Netherlands, South Korea, Spain, Switzerland, the United Kingdom, and the United States. Operation RapTor resulted in the highest number of seizures of any JCODE operation, including more than $200 million in currency and digital assets, over two metric tons of drugs, 144 kilograms of fentanyl or fentanyl-laced narcotics, and over 180 firearms.

  • OLAF and Romanian authorities lead the way on digital tools to safeguard EU budget

    OLAF

    The European Anti-Fraud Office (OLAF), the Romanian Police and Romania’s Department for the Fight Against Fraud (DLAF), are hosting European anti-fraud specialists in Bucharest to discuss the use of digital tools to fight fraud against the EU budget. The meeting aims to strengthen cross-border cooperation and improve the detection and investigation of fraud through advanced digital means.  

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