12th December 2018
AP — A Canadian court granted bail on Tuesday to a top Chinese executive arrested at the United States’ request in a case that has set off a diplomatic furor among the three countries and complicated high-stakes U.S.-China trade talks. Hours before the bail hearing in… Read More
7th December 2018
Like many top Chinese executives, Meng Wanzhou is a mysterious figure even in her home country, but the 46-year-old chief financial officer of Huawei Technologies had been widely tipped to one day take the helm of the tech giant her father founded. That was until her shock arrest in Canada… Read More
31st August 2018
The United Kingdom and its key allies have entered into a fresh agreement to crackdown on illicit cash flows and corporate secrecy which will see their financial intelligence units step up their information sharing and aim to work more closely with the private sector. The partnership was agreed upon this… Read More
23rd July 2018
Canada’s housing agency has asked the country’s tax authority to take a “more direct and formal role” verifying income claimed on mortgage applications, part of a two-year plan to tackle mortgage fraud, documents obtained by Reuters show. Unlike tax authorities in the United States and the United Kingdom, the Canada… Read More
29th May 2018
Bank of Montreal (BMO.TO) and Canadian Imperial Bank of Commerce (CM.TO) said on Monday that cyber attackers may have stolen the data of nearly 90,000 customers in what appeared to be the first significant assault on financial institutions in the country. Bank of Montreal (BMO.TO), Canada’s fourth biggest lender, said… Read More
27th March 2018
Gold castings of the hands of South Africa’s first black President Nelson Mandela have been sold for $10m (£7m) in bitcoin. Canadian crypto-currency exchange firm Arbitrade bought four casts from South African businessman Malcolm Duncan. The firm said it planned to launch a global “Golden Hands of Nelson Mandela” tour… Read More
11th December 2017
CBC Canada’s privacy commissioner is opening a formal investigation into a 2016 Uber breach that compromised the personal information of tens of millions of the ride-hailing service’s users. Similar investigations have been launched by authorities in the U.S., U.K. and Australia, as well as numerous U.S. states, while a class-action… Read More
6th December 2017
By Sam Cooper, Vancouver Sun Preliminary recommendations from a review into B.C. casino money laundering allegations say that casino operators must complete increased customer source of funds reporting for big cash deposits and a controversial form of currency known as ‘bearer bonds.’ And secondly, government regulators must maintain a… Read More
14th November 2017
By Ella Wills, Evening Standard A transcript detailing an initiation ceremony into the Mafia in Canada has been released by the FBI. An undercover police agent was inducted into the Bonanno crime family, one of New York’s five crime organisations, as part of an organised crime probe into drugs, guns… Read More
3rd October 2017
By Ken Sweet, AP Credit report company Equifax said Monday that an additional 2.5 million Americans may have been affected by the massive security breach of its systems, bringing the total to 145.5 million people who had their personal information accessed or stolen. Equifax said the company it hired… Read More
Must Read

Elise Bean – The Inside Track – The US Senate’s Investigations into Financial Crime

Elise Bean joins Tom Devlin (from KYC360) in conversation to discuss her new book, highlights of her investigative career, and learning points for both banks and financial crime investigators arising from the PSI's work Read More

UK freezes bank account linked to Azerbaijani Laundromat

British investigators have frozen a bank account linked to a multi-billion dollar Azerbaijani money-laundering scheme that a network of investigative reporters has alleged rinsed dirty money mainly through four, UK-registered shell companies. The National Crime Agency (NCA) said on Wednesday that the Account Freezing Order (AFO), part of a new… Read More