Newsletter

November 2021 2nd Edition

Featured Articles

FinCEN Reports Ransomware Related SARs

On October 15, 2021, the Financial Crimes Enforcement Network (FinCEN) published a document on ransomware trends based on data from Suspicious Activity Reports (SARs) submitted between January 1 and June 30, 2021. This report complies with the requirement of the Anti-Money Laundering Act of 2020, which requires FinCEN to provide “threat pattern and trend information” derived from SARs. According to the research, ransomware-related SARs and the regularity with which they are filed have surged in the first six months of 2021 and have already eclipsed totals

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Chinese Police Make First Arrest For CBDC Money Laundering

Chinese officials have hunted down a gang suspected of laundering money using the digital yuan. Chinese officials have arrested members of a criminal group charged with alleged money laundering using the country’s CBDC, the digital yuan. The news implies the Chinese government and law enforcement will have greater control and oversight over

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Ex-Fifa president Blatter and ex-Uefa boss Platini charged with fraud

Former Fifa officials Sepp Blatter and Michel Platini have been charged with fraud and other offences in Switzerland. Swiss prosecutors say Mr Blatter unlawfully arranged a transfer of two million Swiss francs ($2.19m; £1.6m) to Mr Platini in 2011. Prosecutors say the payment “damaged Fifa’s assets and unlawfully enriched Platini”.

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