Financial Crime News
Latest articles and news about Financial Crime on AXL Media.
Latest Articles
- Ukrainian Prosecutor General Disrupts Massive Russian-Linked Online Gambling Network With UAH 5 Billion Laundering Operation
Published: Apr 24, 2026
Section: Ukraine War
Prosecutor General Ruslan Kravchenko announced the exposure of an illegal online casino syndicate spearheaded by two Russian nationals and their Ukrainian collaborators. The group...
- Singapore Police Intervene in Landmark Operation to Block $2.86 Million in Fraudulent Crypto Transfers
Published: Apr 24, 2026
Section: Investing
A first-of-its-kind collaboration between the Singapore Police Force and major cryptocurrency exchanges successfully protected 90 victims from losing over $2.86 million to digital...
- Indian National Charged in Singapore for Operating $38 Million Unlicensed Remittance Network
Published: Apr 24, 2026
Section: Crime
A 45-year-old man, Raju Krishnamoorthi, faces four charges in Singapore for allegedly running an illegal cross-border money transfer business that processed more than $38 million....
- Auckland Project Manager Sentenced Following $28,000 Covid-19 Relief Fraud
Published: Apr 16, 2026
Section: Crime
Shelvin Kavish Swamy, an Auckland-based project manager, has been sentenced to three months of community detention after pleading guilty to defrauding nearly $30,000 from governmen...
- French Anti-Corruption Police Raid Elysee Palace Over Two Decades of Suspect Event Contracts
Published: Apr 14, 2026
Section: Europe
Investigators from the financial and anti-corruption brigade searched the French presidency’s headquarters on Tuesday morning. The probe targets long term contracts with a private...
- Former Equity Dealer Sentenced to Over 11 Years for Multi-Million Dollar Investment Fraud and Cross-Border Flight
Published: Apr 9, 2026
Section: Crime
Peh Wei Siang, 38, was sentenced to 11 years and three months’ jail on April 9 for orchestrating a sprawling investment scam that defrauded 96 investors of $15 million. Peh, who fa...
- Cambodian Conglomerate Executives Linked to Multi-Million Dollar Tokyo Real Estate Money Laundering Probe
Published: Apr 9, 2026
Section: Asia
Official property records released on April 9 suggest senior executives of the Cambodia-based Prince Holding Group utilized luxury Japanese real estate for money laundering. The tr...
- SARS to Eliminate Individual Tax Numbers in Favor of Unified Biometric Digital ID System
Published: Apr 3, 2026
Section: Banking & Finance
The South African Revenue Service (SARS) is spearheading a "Modernisation 3.0" project to replace traditional tax numbers and ID documents with a single, unique digital identity fo...
- Capitec Thwarts R642 Million in Fraudulent Transfers as Criminals Shift Focus to Behavioral Exploitation
Published: Apr 3, 2026
Section: Africa
South African banking giant Capitec successfully blocked over 394,000 fraudulent transactions in the past financial year, protecting clients from more than R642 million in potentia...
- Disgraced Hin Leong Founder Lim Oon Kuin Enters Custody Following Emergency Hospitalization for Respiratory Issues
Published: Apr 2, 2026
Section: Asia
Lim Oon Kuin, the former oil tycoon known as O.K. Lim, has begun his 13 and a half year prison sentence after surrendering to authorities at Gleneagles Hospital. The commencement o...
- Federal Authorities Disrupt Major North Texas Tax Fraud Networks as Multiple Families Face Prison
Published: Mar 28, 2026
Section: Crime
Justice Department officials have announced a sweeping crackdown on tax fraud in North Texas, resulting in the indictment of a Lancaster mother-and-son team and the sentencing of a...
- Alpena County Sheriff Issues Urgent Warning Over Exploitative COVID-19 Jail Release Bond Scams
Published: Mar 28, 2026
Section: Crime
The Alpena County Sheriff’s Office has alerted the public to a sophisticated fraud scheme targeting families of incarcerated individuals through false claims of illness outbreaks....