Binance Pleads Guilty To Money Laundering, Faces Over $4 Billion In Fines
The DOJ has announced that Binance pleaded guilty to money laundering, and faces over $4 billion in fines, and Mr. Zhao consents to resign as CEO of Binance. The founder of Binance, the largest cryptocurrency exchange in the world, Changpeng Zhao, entered a guilty plea to charges of money laundering, agreed to resign, and paid […]
BIS To Use AI To Monitor Global Bank Transactions For “Money Laundering”
The Bank for International Settlements (BIS) plans to use AI to monitor global bank transactions for potential instances of money laundering. The project, known as “Project Icebreaker,” focuses on developing a SWIFT-like bottleneck system that would enable global banks to regulate and potentially standardize all currencies. While the IMF is currently gearing up to introduce […]
Vivo Money Laundering An Act Of Financial Terrorism
The ED submitted an affidavit calling Vivo money laundering an act of financial terrorism, citing an Orissa High Court ruling from 2020.
Vivo, Oppo, Realme, OnePlus Are All Owned By Just One Secret Chinese Company BBK Electronics
Vivo and Oppo, two Chinese smartphone manufacturers, are in trouble after being charged by several government authorities of money laundering and tax evasion, respectively. However, did you know that Vivo, Oppo, Realme and OnePlus are all owned by just one secret Chinese company known as BBK Electronics.
US Aid To Ukraine Looks Like Money Laundering Scheme
A congresswoman has claimed that US aid to Ukraine looks like a money laundering scheme and instead should be used to address domestic concerns such as homelessness and human trafficking.
Former Head Of Vatican Bank Angelo Caloia Found Guilty of Money Laundering. Sentenced To 9 Years In Prison
The former head of the Vatican Bank, Angelo Caloia has been found guilty of money laundering by the Vatican court and sentenced to 9 years in prison. As reported by GreatGameIndia earlier, bankrupted by sexual abuse cases, US Roman Catholic Church is one of the biggest beneficiary of taxpayer-backed Coronavirus aid with more than $1.4 billion Angelo […]
PayPal May Quit India After Rs 9.6 Million Penalty Slapped For Violating Anti Money Laundering Laws
American online payment gateway giant PayPal may quit its business in India after the Financial Intelligence Unit of India (FIU) slapped the firm with a penalty of Rs 9.6 million for violating anti money laundering laws. FIU has accused PayPal of “concealing” suspect financial transactions and abetting “disintegration” of India’s financial system. PayPal has also […]
Nigerian Instagram Influencer Hushpuppi Kidnapped By FBI In A Transnational Money Laundering Conspiracy
Nigerian Instagram influencer Hushpuppi has been kidnapped by FBI for £350 million cyberscam. Ramon Olorunwa Abbas aka ‘Hushpuppi’ was arrested by FBI from Dubai and taken to the US. Nigerian Instagram influencer Hushpuppi has been kidnapped by FBI for £350 million cyberscam The case targets a key player in a large, transnational conspiracy who was […]
Spain’s King Felipe VI Renounces Inheritance After Family Finances Exposed In Saudi Scandal
Spain’s King Felipe VI has renounced his inheritance after the family finances were exposed in a Saudi scandal. The announcement came after reports earlier this month in the Swiss daily Tribune de Geneve that former monarch Juan Carlos had received 100 million dollars from Saudi Arabia’s King Abdullah via a Swiss offshore account of an […]
Motech Software – How Reliance Stashed Black Money In Swiss Banks
Motech Software – how Reliance stashed Black Money in Swiss Banks and later snapped all ties with the shell firm after money laundering probe was initiated. The biggest Indian account holder with nearly USD 500 million in Geneva branch, its website now hosts porn. Coincidentally the same Income Tax Commissioner’s office were the files related […]