Business news / Financial crimes

Danske Bank mired in money laundering scandal

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Danske Bank is headquartered in Copenhagen, Denmark. Founded in 1871, it is currently embroiled in the Nordic region’s biggest money laundering scandal. The Bank got distress signals from its branch operations in […]

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Financial crimes

Thieves targeted crypto execs and threatened their families in wide-ranging scheme

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Two alleged thieves targeted cryptocurrency executives and threatened their families, stealing hundreds of thousands of dollars in a wide-ranging scheme, according to a Justice Department indictment handed down Thursday in Massachusetts. Eric Meiggs and […]

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Financial crimes

Transnational Crime is a $1.6 trillion to $2.2 trillion Annual “Business”, Finds New GFI Report

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WASHINGTON, DC – Globally the business of transnational crime is valued at an average of $1.6 trillion to $2.2 trillion annually, according to a new report released today by Global Financial Integrity (GFI), a Washington DC-based […]

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Financial crimes

UK FinTech Working Together to Combat Financial Crime

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Since its launch in 2017, seventeen of the UK’s leading Financial Technology (FinTech) firms have agreed to join the UK FinTech Financial Crime Exchange (FFE). The Exchange, established by  FINTRAIL and RUSI enables firms to collaborate […]

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Financial crimes

Hong Kong persecutes political dissidents by freezing their bank accounts

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Hong Kong’s recently enacted national security law has empowered the security police to freeze suspects’ bank accounts during an investigation, which has eroded public trust in the banking system. In the past […]

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Financial crimes / Сryptocurrencies

Police grapple with rise in cryptocurrency fraud

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UK police have warned of a rise in cryptocurrency fraud as they scramble to thwart criminal exploitation of the technology after more than 200 people reported losing an average of £10,000 in […]

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Financial crimes

Legacy banks don’t have the IT to fight financial crime

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Amid increased security breaches and financial crime at incumbent banks, security has become a paramount concern for these organizations. However, it’s rapidly becoming clear that banks won’t be able to shore up their defenses until they […]

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Financial crimes

Financial institutions say biggest threat of financial crime stems from cyberspace

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Banking and investment management professionals think that the biggest threat of financial crime now stems from cyberspace, according to new research. A survey of nearly 200 senior professionals working in retail banks, investment banks and […]

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Financial crimes

Fighting financial crime: the power of industry collaboration

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With the fourth EU Directive on Money Laundering coming into force in June this year and instances of financial crime becoming increasingly frequent, it is more crucial than ever for teams within […]

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Financial crimes

Plan to crack down on £90bn City money laundering

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As much as £90bn of criminal money is laundered through the UK each year, according to the National Crime Agency. The test for the government’s updated anti-corruption strategy, published on Monday, will […]

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Business news

The 73-year-old Vietnamese refugee is responsible for bringing Sriracha to American consumers

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After settling in Los Angeles in 1979, Tran founded Huy Fong Foods Inc., named for the Huey Fong boat that brought him to the U.S., and started making hot sauces for local […]

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Business news

Russia’s indigenous peoples campaign against Arctic pollution

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Across the Russian Arctic, indigenous peoples are asking Elon Musk not to buy nickel from Norilsk Nickel, one of the largest nickel and palladium mining companies in the world. For the past […]

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Business news

Brazilian food delivery drivers strike against employers, citing poor working conditions

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This article was written by Lucas Veloso and Jéssica Moreira. It is published here under a content partnership between Global Voices and Agência Mural.  As soon as he turned 18, Michel da […]

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Business news

‘Caribbean super salesman,’ Jamaican tourism mogul ‘Butch’ Stewart, dies at 79

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Just after 11 p.m. EST on January 4, news broke that Jamaican hotelier Gordon “Butch” Stewart, the self-made businessman who perfected the all-inclusive tourism model the Caribbean is famous for, had passed […]

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