Financial Crime News

An Indian-origin man has been sentenced to five years in the US for orchestrating a $27 million tax fraud scheme, helping clients evade taxes.

A former tax startup CEO was arrested in Florida for allegedly faking CPA credentials and company revenue to defraud venture capital funds of $13.3 million. She

A global watchdog reports that the rise of 'digital hawala' is aiding money laundering and terror financing, with nearly 70% of surveyed jurisdictions reporting

An FIR has been filed against a firm director after 68 investors were allegedly duped of Rs 7 crore.

Pamela Gwinnett, dubbed the 'Black Widow' fraudster, has been apprehended in Tenerife after conning 89-year-old Joan Green out of £296,000, which she spent on B

The DGGI is proposing mandatory recording of website payment details to combat illegal betting networks, aiming to trace illicit transactions and identify fund

The illicit money machine is estimated to be worth $4.4 trillion, highlighting the vast scale of illegal financial activities.

Banks and FIU-IND are collaborating to develop a more robust framework for identifying and flagging money mule accounts, utilizing AI and machine learning to en

A new analysis reveals that up to £464 million has been moved through over 3,000 UK shell companies, disguised as beauty and convenience stores, but allegedly o

Victims of impersonation scams are now losing an average of £3,500, a 10 percent increase from the previous year, according to recent data.

Four years after a crypto boss went missing, his successor has also disappeared, highlighting ongoing issues within the cryptocurrency industry regarding its re

Bond traders have reportedly described Bessent's 'band-aid' as 'a heinous financial crime.' This news comes amidst other financial updates including Venezuela's

Goldman Sachs staff have been named as suspects in a Brazilian investigation concerning a shareholder dispute over the cancer specialist company Oncoclínicas.

A funeral director spent £42,000 on holidays to Center Parcs and Italy while stealing charity donations from grieving families and selling over £500,000 in fals

A Mira Road man lost Rs 25 lakh after falling victim to a stock trading scam promoted through Instagram.

Steven Long defrauded 115 elderly individuals out of £11.5 million to fund his lavish lifestyle, with victims now speaking out about their experiences.

Gambling addict Joshua Teale, 30, defrauded a man out of £177,000 by pretending to be his boyfriend and fabricating his mother's death.

The Enforcement Directorate (ED) is investigating a ₹641 crore financial puzzle that has led them to hunt abroad.

मध्य प्रदेश के ग्वालियर में एक रिटायर्ड चार्टर्ड अकाउंटेंट (CA) से साइबर ठगों ने 6 महीने में 21 करोड़ रुपये से अधिक की धोखाधड़ी की है, जिसे साइबर अपराध के इतिहा

The Enforcement Directorate (ED) has frozen bank deposits worth Rs 440 crore belonging to the TMC under the Prevention of Money Laundering Act (PMLA).