Featured Criminal Outcomes

A Ukrainian Anti-Corruption Activist Is Now Being Investigated for Corruption

A young activist who became prominent in Ukraine's 2014 uprising and was later appointed to work on a major project to reform the corruption-plagued customs of Odessa is herself being investigated for corruption. Read More

Regulatory update: HM Treasury’s consultation on imposing monetary penalties for breaches of financial sanctions

On the 1st December 2016, the Office of Financial Sanctions Implementation (OFSI) launched its latest consultation on the imposition of monetary penalties for breaches of financial sanctions rules. OFSI (part of HM Treasury) is seeking views on its consultation paper, which sets out its proposed approach to financial sanction breaches. Read More

Interview with Gary Osen of OSEN LLC

Tom Devlin interviews Gary Osen, a high profile attorney and expert on the US Anti-Terrorism Act. Read More
11th September 2018
AP — A Singaporean court has ordered the return of 15.3 million Singapore dollars ($11.1 million) linked to the indebted 1MDB Malaysian state investment fund. Law firm Tan Rajah & Cheah said Monday that the misappropriated funds were being transferred to a special 1MDB recovery bank… Read More
18th June 2018
AP — Federal prosecutors indicted Elizabeth Holmes on criminal fraud charges for allegedly defrauding investors, doctors and the public as the head of the once-heralded blood-testing startup Theranos. Federal prosecutors also brought charges against the company’s former second-in-command. Holmes, who was once considered a wunderkind of… Read More
5th February 2018
Victims of a banking fraud worth hundreds of millions of pounds have said they are yet to receive compensation, a year after six people were convicted. A former HBOS banker and five other financiers were jailed for offences committed between 2002 and 2007. Those affected said their lives have… Read More
1st February 2018
The French government plans to name and shame people guilty of the worst cases of tax fraud as part of a broader crackdown on tax evasion, Prime Minister Edouard Philippe said on Wednesday. Philippe said the tougher measures were particularly necessary as his government intended to cut business and household… Read More
22nd December 2017
An offshore firm connected to the Paradise Papers has been ordered to pay almost €53m after a court ruled it had “manufactured” correspondence in a deliberate attempt to help a mother hide money from her estranged daughter. Appleby Mauritius, an offshore services firm owned by the law firm Appleby until… Read More
21st December 2017
By Shona Ghosh, Business Insider Super-wealthy property developers and brothers Nick Candy and Christian Candy have won a £132 million court case against their former friend and fellow developer Mark Holyoake. The long-running court battle saw Holyoake accuse the pair of blackmail, extortion, and intimidation in relation to a complex… Read More
11th December 2017
TelesurTV One of the world’s most wanted drug lords – Juan Carlos Mesa-Vajello, alias “Tom” – has been captured by police in Colombia at a party to celebrate his 50th birthday. The United States had offered a $2 million reward for the capture of Mesa-Vajello, who was wanted by Colombian… Read More
29th November 2017
KYC360 News Zimbabwe’s newly appointed leader has announced a three-month grace period for individuals and firms to repatriate stolen money and assets. During the window period, respondents will not be asked any questions or face charges, however those who do not co-operate will be prosecuted. The government is aware that… Read More
15th November 2017
BBC Thieves in the western Indian city of Mumbai robbed a government-owned bank after gaining access via a 25ft (8m) tunnel that they dug over four months. The police told the BBC that cash and jewellery were stolen but the value of the haul is yet to be determined. Authorities… Read More
14th November 2017
KYC360 News HSBC will pay 300 million euros ($353 million) to settle tax offences charges involving its private bank in Switzerland. The news comes after a lengthy investigation in which a French government investigation found HSBC clients concealed their assets from tax authorities in France. The… Read More
Must Read

EU adopts Sixth Anti-Money Laundering Directive EU 6AMLD, deadline set

Countries across the European Union will have two years to implement a new system of jail sentences and sanctions for money launderers following the formal adoption of the EU’s latest anti-money laundering directive, dubbed 6AMLD (Sixth Anti-Money Laundering Directive) on 11 October 2018. Once the directive is published in the… Read More

Anti-money laundering compliance costs hit $25 billion annually – study

The cost of AML compliance across U.S. financial services firms equaled $25.3 billion per year based on survey responses from more than 150 decision-makers at banks, investment, asset management and insurance firms, according to a new study. The report shows that smaller firms are hit hardest, relative to their bottom… Read More