The individual worked with other youths to provide overseas syndicates control of bank accounts that were used to receive and dissipate funds obtained through scams.
April 21, 2022The financial crime guide helps financial firms identify the misuse of emergency and disaster payments administered through Services Australia.
December 13, 2021The banks were deceived regarding true beneficial ownership in their decision to open bank accounts between 2014 to 2017.
September 9, 2021Rohaiza Alap provided 25 bank accounts to scammers to launder S$2mn out of Singapore. She also recruited others to act as money mules.
August 5, 2021The guidance offers indicators to help financial services firms identify and report suspicious transactions related to cuckoo smurfing.
June 7, 2021Two people were arrested for using personal bank accounts to receive payments from the sale of counterfeit goods and launder money.
June 7, 2021The six arrested persons opened 60 personal accounts at various banks and made over 2,600 suspicious transactions.
April 26, 2021Victims were instructed to surrender money for fake investigations after being told their bank accounts were involved in money laundering activities.
April 20, 2021PBOC official Bai Hexiang said the Wealth Management Connect scheme can be implemented once people can travel freely between Hong Kong, Macau and the mainland.
March 11, 2021Money stolen through telephone and online scams was laundered through at least three layers of bank accounts in Hong Kong within hours before being funnelled out of the city.
May 17, 2020