Article: UK puts Malta on high-risk list for money laundering, terrorist financing

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UK puts Malta on high-risk list for money laundering, terrorist financing

Time of Malta, 22 July 2021

The UK has placed Malta among the list of high-risk countries for money laundering and terrorist financing.

In regulations that came into force on July 13, the UK removed Ghana from its previous list and added, Malta, Haiti, the Philippines and South Sudan.

The other countries currently on the list are: Albania, Barbados, Botswana, Burkina Faso, Cambodia, Cayman Islands, Democratic People’s Republic of Korea, Iran, Jamaica, Mauritius, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Senegal, Syria, Uganda, Yemen, and Zimbabwe. Continue reading “Article: UK puts Malta on high-risk list for money laundering, terrorist financing”

Article: Operation HAECHI-I intercepts $83M in online financial crimes

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Operation HAECHI-I intercepts $83M in online financial crimes

Help Net Security, 02 June 2021

Amid an exponential increase in online fraud, an INTERPOL-coordinated operation codenamed HAECHI-I mobilized more than 40 specialized law enforcement officers across the Asia Pacific region. Over six months of coordinated intelligence collection and joint operations, police were able to intercept a total of $83 million in illicit funds transferred from victims to the perpetrators of cyber-enabled financial crime.

Officially concluding last week, Operation HAECHI-I focused particularly on five types of online financial crime: investment fraud, romance scams, money laundering associated with illegal online gambling, online sextortion and voice phishing. Continue reading “Article: Operation HAECHI-I intercepts $83M in online financial crimes”

Article: Asian Police Seize $83 Million in Operation Against Online Financial Crime

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Asian Police Seize $83 Million in Operation Against Online Financial Crime

ISOBEL VAN HAGEN, 01 June 2021

Focusing on romance scams, online sextortion, investment fraud, voice phishing and money laundering associated with illegal online gambling, police in nine Asian countries arrested more than 500 suspects and seized US$83 million, Interpol said on Thursday.

Authorities worldwide have repeatedly warned that online fraud is continuing to increase and have stepped up joint efforts to fight it.

This operation, codenamed “HAECHI-I,” assembled law enforcement across Cambodia, China, Indonesia, Korea, Laos, The Philippines, Singapore, Thailand, and Vietnam. Between September 2020 and March 2021, they opened more than 1,400 investigations of online fraud and while many of the cases remain ongoing, Interpol said, 892 cases have been solved. Continue reading “Article: Asian Police Seize $83 Million in Operation Against Online Financial Crime”

Article: Interpol intercepts $83 million fighting financial cyber crime

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Interpol intercepts $83 million fighting financial cyber crime

Sergiu Gatlan, 30 May 2021

The Interpol (short for International Criminal Police Organisation) has intercepted $83 million belonging to victims of online financial crime from being transferred to the accounts of their attackers.

Over 40 law enforcement officers specialized in fighting cybercrime across the Asia Pacific region took part in the Interpol-coordinated Operation HAECHI-I spanning more than six months.!–more–>

Between September 2020 and March 2021, law enforcement focused on battling five types of online financial crimes: investment fraud, romance scams, money laundering associated with illegal online gambling, online sextortion, and voice phishing.

The stolen funds were blocked from getting into the scammers’ accounts following multiple joint operations and months of collecting intelligence on the attackers’ operations.

Throughout Operation HAECHI-I, Interpol agents opened over 1,400 investigations targeting cybercrime in the Asia Pacific region (i.e., Cambodia, China, Indonesia, Korea, Laos, The Philippines, Singapore, Thailand, and Vietnam), with 892 cases having already been solved and the rest still being investigated.

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Article: Hun Sen Ally Buys London ‘Private Bank’ With Shady Ties

Article - Media, Publications

Hun Sen Ally Buys London ‘Private Bank’ With Shady Ties

Jack Davies and Sovannarith, 06 May 2021

One of Cambodia’s wealthiest families with close ties to Prime Minister Hun Sen late last year acquired a British payment services provider, Connectum Limited. That company generates millions of dollars in revenue each year, serving as an intermediary between small businesses and major credit card firms like Visa and MasterCard.

Heng Sokha, wife of former Transport Ministry secretary of state Ing Bun Hoaw, took ownership of Connectum in November 2020. Experts say that should raise red flags for British financial regulators. Continue reading “Article: Hun Sen Ally Buys London ‘Private Bank’ With Shady Ties”