Fraud

The U.S. Department of Justice has reached a temporary staffing compromise that will return about 40 white-collar prosecutors, including those focused on insider trading, to the Criminal Division’s fraud section, reversing an April transfer to the Trump administration’s new fraud division.

Hungarian prosecutors and police have seized around 92 billion forints ($300 million) in funds and securities in a money laundering probe of foundations set up by the National Bank of Hungary.

The Trump administration will designate Brazil’s two largest criminal gangs as Foreign Terrorist Organizations effective this June, U.S. Secretary of State Marco Rubio said in a statement Thursday. 

A Houston-based petroleum trader raided last month by U.S. federal agents is under investigation in Mexico in connection with a suspected fuel smuggling scheme linked to the Jalisco New Generation Cartel (CJNG).

Mainstream cryptocurrency companies including Kraken, Gemini, and Cumberland DRW transferred billions of dollars in bitcoin to ATM operators that authorities have repeatedly accused of facilitating scams targeting elderly and vulnerable Americans.

The Netherlands faces a growing threat from organized crime that is silently corroding state institutions, public services, and democratic governance, according to a new threat assessment published Tuesday by the Strategic Knowledge Centre on Undermining Criminality (SKC).

Company directors connected to Cambodia’s Prince Group, which the United States has designated a transnational criminal organization, have acquired millions of dollars in luxury Tokyo real estate.

Local governments in southern Italy that colluded with organized crime deliberately avoided large EU-funded projects to stay below anti-mafia certification thresholds, according to new academic research.

Estonia, Latvia, and Lithuania have jointly concluded that deliberate de-risking campaigns by traditional Baltic banks have driven large-scale client migration toward Lithuanian fintech firms, concentrating money laundering risk in a single digital institution.

Bitcoin Depot, formerly the largest operator of cryptocurrency ATMs in the United States, filed for voluntary Chapter 11 bankruptcy Sunday and took its roughly 9,700 kiosks offline.