Category: Insight

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INSIGHT: Unravelling illicit Hawala networks with Decision Intelligence Technology

INSIGHT: Calls for more transparency from Egmont Group of FIUs after it accepts ‘substantial donation’ from greylisted UAE

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NEWS: Danske Bank facing legal action over €500 annual corporate fee to cover AML checks

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INSIGHT: How to bridge the AML data gap with synthetic data

INSIGHT: Why keeping the UAE on FATF’s ‘grey list’ makes no sense to me

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NEWS: Crime groups are ‘national security threats’ says Interpol chief at FIRE2 meeting as he urges countries to step up asset seizures

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INSIGHT: 1M+ cases of fraud committed annually in scams across Meta-owned platforms

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INSIGHT: Cocaine cartels encroach on Unification Church’s Paraguayan paradise

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INSIGHT: Staff at Monzo bank called government party ‘evil’ as British chancellor rejected for an account

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COMMENT: How NatWest treatment of Nigel Farage has opened banking to justified criticism, intense scrutiny and claims of over-reach

ANALYSIS: The thinning delineation between different types of terrorism as distinctions in terror actions blur

AFC SUMMIT RECAP: Join our fireside chat with fincrime expert Kevin Lee who discusses the ‘dos and don’ts’ of AI and tech in the sector

Executive Vice President of Insurance Brokerage Pleads Guilty in $133M Affordable Care Act Fraud Scheme
US Department of Justice
April 19, 2025
A Florida executive pleaded guilty today for his role in a scheme to submit fraudulent applications to enroll consumers in Affordable Care Act insurance plans (ACA plans) that were fully subsidized by the government. The purpose of the scheme was to obtain millions of dollars in commission payments from the insurance company that operated the ACA plans. The federal government paid at least $133,900,000 in subsidies for fraudulently enrolled individuals.
Man convicted of trying to smuggle £1m in suitcases out of UK
National Crime Agency
April 18, 2025
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
April 18, 2025
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.