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Italy’s financial police, the Guardia di Finanza, have carried out a sweeping judicial operation against a sophisticated transnational criminal organization accused of orchestrating large-scale financial crimes across Europe. The investigation led to the identification of twenty-three suspects who allegedly laundered approximately 900,000 euros generated through a combination of romance scams and fraudulent cryptocurrency investment schemes. The principal suspect is now subje

The Financial Action Task Force has issued a major new paper drawing attention to the dramatic rise in fraud driven by rapid digital transformation, cautioning that cyber-enabled scams now represent a substantial share of criminal activity across multiple jurisdictions and pose serious risks to global financial stability. The international watchdog underscores that criminal groups are increasingly exploiting instant payment infrastructures and emerging technologies to transfe

The government led by former Victorian premier Daniel Andrews supported thousands of so-called “golden ticket” visas through a migration pathway that has since been accused of being vulnerable to exploitation, including alleged use in money-laundering activities. Data shows Victoria sponsored more wealthy migrants — particularly Chinese investors — through the Significant Investor Visa (SIV) program than any other Australian state. Newly released figures indicate the Victoria

A 25-year-old woman from St Paul’s Bay has been remanded in custody after pleading not guilty to charges accusing her of scamming roughly 200 individuals by allegedly pretending to be a bank. Tammy Caruana, who informed the court that she is currently unemployed, was arraigned following a large-scale online fraud probe conducted by the Malta Police Force’s Financial Crimes Investigations Department. The investigation was carried out in collaboration with Europol as well as la

A former relationship manager at a Brooklyn bank branch, Renat Abramov, pleaded guilty today to laundering more than $8 million derived from an expansive Medicare fraud operation.   Federal authorities described the case as a landmark moment, noting that it is the first time the Health Care Fraud Unit has obtained a conviction against a bank employee for conspiring to launder medical insurance proceeds.   Abramov now faces a maximum statutory sentence of up to 20 years in pri

The European Public Prosecutor’s Office (EPPO) in Brussels has launched a major investigation into alleged customs fraud, corruption, and document forgery linked to operations at the Port of Antwerp, one of Europe’s largest maritime hubs.   The case, code-named “Steamboat,” centers on suspicions that a network operating within the port orchestrated a large-scale scheme that caused significant losses to the European Union’s financial interests.   On 20 January 2026, acting und

A federal jury in Texas has found LaShonda and Marlon Moore guilty of running an enormous pyramid scheme that caused losses exceeding 25 million dollars, bringing a dramatic end to the couple’s operation known as Blessings in No Time. Prosecutors showed that during the global pandemic the Moores preyed on thousands of people through a web of deceptive recruitment practices, pulling in funds that were then laundered to finance their own enrichment. The verdict covers multiple

On the 9th of January, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has informed four money transfer companies that they are under federal investigation for alleged fraud, part of a broader crackdown on abuses of social benefits in Minnesota, Treasury Secretary Scott Bessent announced Friday. Speaking at a virtual news conference, Bessent also revealed that several banks in the state involved in money transfer operations are being audited by th

Chen Zhi, founder and chairman of Prince Group, has been arrested in Cambodia and repatriated to China for investigation, according to The Cambodia China Times, a Chinese media outlet operating in Cambodia. The detention represents a major development in a case that has attracted international attention over allegations of large-scale cross-border fraud and money laundering. Cambodian media reports indicated that Chen was taken into custody in Cambodia and transferred to Chin

French law enforcement authorities have dismantled a large-scale criminal organization accused of diverting nearly 15 million euros from the national vocational training fund system, uncovering an elaborate scheme that operated over a two-year period. The investigation resulted in the indictment of seven individuals in the Loire and Alpes-Maritimes regions on charges of organized fraud and money laundering. During coordinated searches, investigators seized 50,000 euros in cas

UK Finance has issued its strongest admonition yet to major global tech platforms, with chief executive David Postings urging Silicon Valley to “grasp the scale of the crisis” and significantly ramp up efforts to curb fraud proliferating across their networks. Addressing delegates at the Economic Crime Congress 2025, Postings described an escalating epidemic of financial crime in the UK—one that he argued no single industry can tackle alone.   Although banks are committing re