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NEWS: ‘Ndrangheta killings put focus on links between white collar crime and professional football clubs

Premium September 16, 2024

NEW APPROACH: "Imagine if our collective efforts were focussed for example, on the Ndrangheta, the Italian global mafia whose annual revenue more than a decade ago was greater than all the cartels, Deutsche Bank and McDonalds. Imagine if we focussed collectively on taking money away from the organised crime groups causing so much harm to our citizens and society, in the same way we focussed on fighting ISIL and Al Qaeda," writes David Lewis.

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INSIGHT: How FINRA is approaching regulation under the Trump adminstration

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NEWS: Capgemini buys Delta Capita to boost anti-fincrime services

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NEWS: Lloyd’s insurance broker charged by UK’s SFO over Ecuador bribes

By Paul O’Donoghue, Senior Correspondent A man alleged to be an influential figure in the ‘Ndrangheta, a key money laundering group in Italy, was killed following a row over illicit finance activities, it’s reported. Antonio Bellocco was killed earlier this month by 49-year-old Andrea Beretta. The Times reported that 36-year-old Bellocco was said to be…

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INSIGHT: How FINRA is approaching regulation under the Trump adminstration

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NEWS: Capgemini buys Delta Capita to boost anti-fincrime services

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NEWS: Lloyd’s insurance broker charged by UK’s SFO over Ecuador bribes

Regulatory Watch News

  • Man convicted of trying to smuggle £1m in suitcases out of UK

    National Crime Agency

    A man who was stopped at Heathrow Airport with £1m in two suitcases has admitted money laundering following a National Crime Agency investigation. Mazen Al Shaar, 48, was stopped by Border Force officers on Saturday 15 March this year as he was about to fly from Terminal Three to Beirut.

  • Treasury Targets International Bank of Yemen for Support to the Houthis

    OFAC

    WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Yemen-based International Bank of Yemen Y.S.C. (IBY) for its financial support to Ansarallah, commonly known as the Houthis, which is part of the Iran threat network.  As part of this designation, OFAC is also sanctioning key leaders or officials of IBY, Kamal Hussain Al Jebry, Ahmed Thabit Noman Al-Absi, and Abdulkader Ali Bazara.  The designation of IBY complements the whole-of-government effort to stop Iran-backed Houthi attacks against commercial shipping in the Red Sea.

  • UK insurer charged with bribery in Ecuador

    Serious Fraud Office

    The Serious Fraud Office (SFO) today accused a UK insurance company of failing to prevent international bribery. Representatives of United Insurance Brokers Limited (UIBL) were ordered to appear before Westminster Magistrates’ Court next month. The company is charged with failing to prevent associates from bribing state officials in Ecuador between October 2013 and March 2016. The SFO alleges UIBL’s US-based intermediaries for Ecuador paid bribes in return for the awarding of re-insurance contracts worth US$38 million. If this case proceeds to a contested trial, it will be the first time that an SFO “failure to prevent bribery” case is heard by a jury.

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