Financial markets

banks, insurance companies, brokers

The Rise of Money Launderers on Snapchat and Instagram | Crimewave

| VICE | Gangs are always looking for new ways to launder their money, and in cities like London, Birmingham and Manchester, using money mules has become one of their favorite methods. Young and vulnerable people are convinced by criminals,…

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Credit Card Scammers on the Dark Web

| VICE | Credit card fraud has been on the rise for about a decade. In 2016 alone, losses topped $24 billion worldwide, half of which affected cardholders in the US. With a virtually unlimited amount of money to be…

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The Oligarchs

| Al Jazeera | Aljazeera’s investigative unit unravels a high-stakes international plot by powerful Eastern European oligarchs to make millions of dollars off a crooked deal. According to a Ukrainian analyst, “It sounds like an agreement between criminal bosses. You…

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BR Shetty and the Missing Millions

| Al Jazeera | This is a story of a financial scandal, of fortunes won and lost and political collusion in the United Arab Emirates (UAE) that goes right to the heart of Emirati business and politics. At the centre…

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Is Dubai a money-laundering hub?

| Al Jazeera | With its skyscrapers, luxury villas, and a high concentration of millionaires and billionaires, Dubai’s rise to global city and business hub captured the world’s attention.

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Bank of England investigated for fraud

| Financial Times | The Bank of England is the focus of a criminal investigation by the UK’s Serious Fraud Office. Caroline Binham, financial regulation correspondent, and UK news editor Michael Stott discuss the allegations and what they could mean…

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Latvia – where corruption never seems to have left

| Financial Times | The scandals shaking Latvia’s banking system are the latest in a series of crises over more than a decade in a country that has styled itself as a financial “bridge” between Europe’s east and west.

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1MDB scandal: the Malaysian fraud explained

| Financial Times | The FT’s Stefania Palma explains the corruption and money-laundering inquiry at the state development and investment fund in which charges have been filed against two former Goldman Sachs bankers, local financier Jho Low and ex-1MDB employee…

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How the pandemic has fuelled money laundering

| Financial Times | Over the past 12 months Covid-19 has curtailed countless business activities, but not money laundering. The UN estimates some $1.6tn is laundered every year, and authorities say lockdown measures have presented criminals with even greater opportunities…

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Fraud: how I was scammed and you could be too

| Financial Times | Authorised push payment frauds, where people are tricked into transferring money into criminal-controlled accounts, are growing fast, with £354mn stolen last year. FT journalist and fraud victim Joe Sinclair talks to readers about how they’ve been…

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