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®.
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Here are some highlights from the information treasure chest from the past week.
Starting with updates from law enforcement. Europol has coordinated an operational task force (OTF), led by the German Federal Police, where some of the most dangerous migrant smugglers have been targeted.
Europol-Targeted migrant smuggling kingpins with link to more than 180 investigations.
The Australian federal police inform of their Operation Ironside that has been targeted toward the organised crimes threat posed by the Italian Mafia in Australia.
The Australian federal police- APF to target Italian organized crime and money laundering a year on from Operation Ironside.
There is a bit of a spat in the Crypto verse. Reuters has made a special report on how the large virtual currency exchange Binance has acted as a conduit for money laundering by criminals.
Reuters- How crypto giant Binance became a hub for hackers, fraudsters, and drug traffickers.
This is not the first time Binance has been under fire. Last year the U.S. Department of Justice and the Internal Revenue Service probed Binance for similar matters. The new investigation by Reuters sparked a comeback from Binance.
Cointelegraph- Binance fires back at Reuter’s money laundering allegations.
More news related to cryptocurrencies and cybercrime. The United States Department of Justice made a press release telling us about the shutdown of the criminal marketplace SSNDOB, which specialised in the trading of personal information.
United States Department of Justice- SSNDOB Marketplace, A series of websites That Listed More Than 20 million Social Security Numbers For Sale, Seized and Dismantled In International Operation.
From the same source, also relating to investigations into virtual criminal assets, DOJ has released a report on how important cooperation between authorities and sharing of information is concerning these sorts of investigations.
U.S Department of Justice- How to strengthen International Law Enforcement Cooperation For Detecting, Investigating And Prosecuting Criminal Activity Related to Digital Assets.
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Have a nice weekend!
Co-founder and CISO Acuminor
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