Four Hongkongers were arrested as police cracked a money laundering racket involving a staggering HK$1.8 billion. In February 2012, police received reports from two firms in Sweden and the Netherlands saying someone had posed as their business partners in emails and asked them to deposit payments into a Hong Kong bank account of a […]

Ten men suspected of using Bitcoin to launder up to 20 million euros ($22 million) of criminal money made from online drug deals have been arrested in the Netherlands, Dutch prosecutors said on Wednesday. The men, described as all in their 20s and with Dutch nationality, were arrested on Tuesday in coordinated raids on 15 […]

TWO men who conned the States of Guernsey out of millions of pounds and laundered it in Abu Dhabi and Istanbul have been jailed for their roles in the operation. The ‘Lagan fraud’ saw Guernsey’s Treasury and Resources Department lose £2.6 million, which was transferred through bank accounts across the world. Adrian Taylor (44), who […]

Grit and Joseph Birch of Devon, United Kingdom have been jointly charged with fraud and money laundering offenses, according to an article from the UK’s North Devon Journal. The charges stem from transactions in Liechtenstein, New York, and Las Vegas. Included are charges around the concealment of illicit property via cash withdrawals and payments for […]

Three men have been arrested in a counter-terrorism inquiry after reports of people being tricked out of money in “cold calls” by bogus police officers. The arrests are part of a police probe into large-scale fraud linked to UK extremists travelling to Syria. Two men, aged 29 and 23, were arrested at addresses in west […]