Fraud and economic crime rates have boomed amid the COVID-19 pandemic as organisations have been forced to rapidly adjust their long-established processes.
Week by week, more countries partially or wholly ban the usage of cryptocurrencies. Why are regulations suddenly tightening, and what does the future hold?
Holmes was convicted on January 3 on three counts of fraud and one count of conspiring to defraud private investors in the blood-testing company. She currently remains free on a $500,000 bond secured by properties. According to court filings, Holmes plans to ask the judge overseeing her case to overturn her convictions. If the judge […]
Aziz Rahman, Senior Partner at Rahman Ravelli, assesses the NatWest money laundering penalty for any pointers to the future. NatWest being fined £265 million for its money laundering failings will have come as little surprise to anyone – certainly not the bank. It pleaded guilty two months ago to charges brought by the Financial Conduct […]
Prosecutors said that the founder of the now-defunct medical startup had knowingly lied about Theranos’ technology, which she claimed could detect diseases with just a few drops of blood. The jury found Holmes guilty of four charges, including conspiracy to commit fraud against investors, and three counts of wire fraud. In total, Holmes faced 11 […]
NatWest Markets admitted some of its traders in London, Singapore, and Connecticut were involved in a scheme to manipulate US Treasury market prices through a practice known as “spoofing” between 2008 and 2018. In addition to paying the $35 million fine, NatWest Markets also agreed to serve three years of probation. “As we have previously […]
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