In the “Weekly Round-Up” we summarise and give extra reading suggestions for some of the past weeks financial crime news headlines, powered by Acuminor’s crime universe ThreatView®.
Welcome to February and another weekend. The week has been hectic, which I enjoy. However, the weather outside has been in a bit of greyscale, so I have selected a few articles that can cheer one up.
The International Consortium of Investigate Journalism released an article that connects to the good old Panama papers. The Panamanian justice department announced an upcoming trial against 32 individuals for “crimes against the public economic order”. According to the news agencies AFP and EFE, Jüergen Mossack and Ramón Fonseca are among the defendants.
ICJJ – Mass prosecution forces Mossack Fonseca back into the spotlight in Panama
From the Cryptoverse, Chainalysis has released a new blog preview from their upcoming Crypto Crime Report on the topic of NFTs. Chainalysis tracked a minimum of $44.2 billion worth of cryptocurrency sent to ERC-721 and ERC-1155 contracts during 2021 and has some fascinating findings they disclose in the blog regarding money laundering.
Chainalysis – Crime and NFTs: Chainalysis Detects Significant Wash Trading and Some Money Laundering In this Emerging Asset Class
I will sign off this week round-up with two reports. The first one from Global Initiative is called “Illicit economies and armed conflict”, presenting three case studies on the relationship between Illicit economies and armed conflicts.
Global Initiative – Illicit economies and armed conflict
The second report comes from the UK parliament, the eleventh report on economic crime, highlighting that economic crime is a significant and rapidly growing problem in the UK.
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Until next time, have a great weekend!
Co-founder and CISO Acuminor
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