Judge Quashes Effort to Stop Peru’s Ex-President From Leaving Country During Criminal Probe
A Peruvian judge declined a request to restrict former President Dina Boluarte from leaving the country while prosecutors investigate her for corruption and money laundering, Reuters reported.
Bank of America, BNY Mellon Sued for Alleged Compliance Failures Linked to Epstein
New class-action lawsuits allege that Bank of America and BNY Mellon enabled Jeffrey Epstein’s trafficking of underage girls, in part by failing to report suspicious activity linked to the financier until after his death in 2019, The Wall Street Journal reported.
Microsoft Warns “Payroll Pirate” Scam is Rerouting Paychecks via HR Portals
Microsoft is warning organizations about an active campaign dubbed “Payroll Pirate” that hijacks employee accounts on cloud HR platforms and diverts direct-deposit paychecks, Ars Technica reported.
Malaysian Authorities Target $115 Million in UBS, JPMorgan for 1MBD Ties
Malaysia’s anti-graft agency will freeze approximately USD $115.32 million held in Swiss bank accounts linked to Prince Turki Abdullah Abdul Al-Saud, a co-founder of PetroSaudi International and a figure tied to the long-running 1MDB scandal.
British Man Pleads Guilty in New York to $99 Million Wine Fraud
A British national pleaded guilty on Tuesday in Brooklyn federal court for his role in a fraud scheme that took nearly $100 million from victims who funded loans to fake wine collectors, Reuters said.
Son of Alleged Uyghur Kingpin Spent Millions on Mosque and Cultural Center in London
The son of a Chinese-born Uyghur oligarch who allegedly ran a massive smuggling and money-laundering ring has purchased a former church in North London for more than $3 million and converted it into a mosque and cultural center, OCCRP reported.
Brazilian Fraudsters Used Celebrity Deepfakes to Reap Millions
Police in southern Brazil have arrested four people accused of running a nationwide Instagram ad scam that used AI-generated videos and images of supermodel Gisele Bündchen and other celebrities, Reuters reported.
As Illegal Gold Mining Grows in the Western Hemisphere, So Do AML Risks
Illegal gold mining has grown into one of the Western Hemisphere’s largest and fastest‑expanding illicit economies, out‑earning narcotics in parts of Colombia and Peru and pushing conflict‑linked gold toward U.S. ports and banks.
In Sweeping Reorganization, DOJ to Disband Cartel Task Force, Merge Money-Laundering Section
The U.S. Justice Department will shut down its flagship anti-cartel task force as part of the most far-reaching DOJ shakeup in two decades, according to internal documents reviewed by Reuters.
Congress Expected to Subpoena Banks Linked to Epstein
Jeffrey Epstein remained embedded in Wall Street’s elite financial networks in the years before his 2019 death, maintaining accounts at more than 20 banks and executing large transactions with prominent investment firms, according to new reporting by The Wall Street Journal.