Nov 29 2024
Tuvalu’s High Commission in Fiji agreed on May 2 to purchase three adjoining lots of land for FJ$ 5.8 million ($2.7 million) in the Raiwai area of Fiji’s capital, Suva. The sale was signed just over a month after OCCRP revealed that Australia had designated Chinese businessman Zhao as one of its top international criminal …
Nov 28 2024
UN Office on Drugs and Crime (UNODC) warned that underground data markets are migrating to Telegram. Report also highlights Southeast Asia’s growing role as a major hub for a multibillion-dollar industry driven by global fraud schemes. Many of these operations are run by Chinese syndicates from heavily fortified compounds staffed by trafficked workers. The UNODC …
Jun 11 2024
Jian Wen, a British-Chinese woman, has been sentenced to six years and eight months in prison for her role in laundering Bitcoin proceeds from a $6 billion investment scam in China. Wen, aged 42, was found guilty in March of laundering Bitcoin on behalf of her former boss, Yadi Zhang, whose real name is Zhimin …
Jun 09 2024
Malicious 911 S5 botnet, which infected over 19 million IP addresses worldwide, enabled billions of dollars in pandemic and unemployment fraud. U.S Department of Justice estimates that over US$5.9 billion was siphoned off through fraudulent unemployment insurance claims and Economic Injury Disaster Loan (EIDL) applications. Chinese national YunHe Wang, a 35-year-old St. Kitts and Nevis …
Feb 14 2024
The Australian Federal Police (AFP) has uncovered a money laundering syndicate, named the Long River syndicate. Over the last three years, approximately $229 million in illicit funds have been laundered through twelve establishments across Australia. As part of Operation Avarus-Nightwolf, a series of targeted raids were executed, confiscating high-end properties and vehicles with an estimated …
Oct 03 2023
Eastern Asia ranks as the fifth most active crypto market, contributing 8.8% of global digital asset activity between July 2022 and June 2023. Its decline over the last few years has been notable – largely propelled by the big blow to the Chinese trading activity and mining sector. The growing prominence of Hong Kong as …
Mar 23 2023
The bank’s sale to USB comes shortly after it reported its largest annual loss since the 2008 financial crisis. Its Hong Kong-based arm, Credit Suisse Securities, invests in listed Chinese entities, some of which are state-owned. Data from the Hong Kong Stock Exchange reveals the bank’s investments in sanctioned entities and companies connected to sanctioned …