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Financial Crime

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Repatriation by US of laundered Nigerian assets to fund rural electrification January 13, 2025 | Samuel Rubenfeld

About $50 million in stolen Nigerian assets to be repatriated by the US will fund rural electrification in Nigeria, according to a joint agreement signed Friday by the two governments. The funds come from the ... (more story)

Schools ordered to pay more than GBP1 million over Axiom fraud January 09, 2025 | Martin Coyle

Timothy Schools, a convicted fraudster, was today ordered to pay 1,083,000 pounds for his part in a 100 million-pound fraud that saw him jailed for 14 years. Schools had duped investors into losing money via A... (more story)

US appeals court appears open to reinstating soccer corruption convictions January 08, 2025 | Samuel Rubenfeld

An appellate court judge seems willing to reinstate the convictions of a former 21st Century Fox executive and a sports marketing company for their roles in a scheme to bribe South American soccer officials fo... (more story)

Canadian man sentenced in US to prison for role in Russian procurement scheme January 08, 2025 | Samuel Rubenfeld

A Canadian man who admitted to exporting military-grade components to Russia later found on the battlefield in Ukraine was sentenced today in the US to 40 months in prison. “I have blood on my hands,” he said ... (more story)

Trio of Keltbray site managers bribed by demolition company boss, UK court told January 08, 2025 | Martin Coyle

Three site managers at UK construction company Keltbray were paid hundreds of thousands of pounds in bribes linked to construction projects including the multibillion-pound renovation of Battersea Power Statio... (more story)

Brooklyn man avoids prison over scheme to ship components to Russian drone makers January 07, 2025 | Samuel Rubenfeld

A dual US-Russian citizen received four years of probation over his role in a scheme to ship electronic components to Russian entities involved in the production of drones for the war effort in Ukraine. He was... (more story)

Samherji sees UK legal fight reignited as spoof-apology artist lodges appeal January 07, 2025 | Martin Coyle

Icelandic fishing giant Samherji could see further UK court action after a conceptual artist who created a spoof website apologizing for the company's involvement in a bribery scandal appealed a ruling against... (more story)

Terraform Labs co-founder Kwon pleads not guilty in US fraud case January 02, 2025 | Samuel Rubenfeld

Terraform Labs co-founder Do Kwon pleaded not guilty to US fraud charges following the collapse of his decentralized financial world that prosecutors say was built on lies. Kwon was extradited to the US from M... (more story)

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Behnam's US CFTC crypto crackdown ends with departure January 07, 2025 | Neil Roland

Rostin Behnam's announcement today that he will step down as US Commodities Futures Trading Commission chair marks the departure of an aggressive enforcer on cryptocurrency matters on the eve of a new administ... (more story)

Trudeau resignation, parliament prorogue delays Canadian financial crime overhaul January 06, 2025 | Samuel Rubenfeld

The resignation of Canadian Prime Minister Justin Trudeau and the shutdown of Parliament will cause delays to the country’s planned overhaul of its legal framework against financial crime, lawyers told MLex. T... (more story)

UK government moves to further protect agencies over dirty-cash seizures January 03, 2025 | Martin Coyle

UK moves to protect prosecutors from deep-pocketed individuals in suspected dirty-money cases could see enforcers becoming braver in taking on Kleptocrats, but history suggests there is unlikely to be a glut o... (more story)

US turns to Supreme Court to pursue Corporate Transparency Act enforcement January 02, 2025 | Samuel Rubenfeld

After whipsaw rulings during the holidays by two separate panels of the same US appeals court, the government has asked the Supreme Court to allow it to enforce the Corporate Transparency Act. The law has been... (more story)

Former US President Jimmy Carter leaves landmark anti-corruption legacy December 30, 2024 | Samuel Rubenfeld

One of the major policy accomplishments of Jimmy Carter’s US presidency was the passage of anti-corruption legislation that continues to leave its imprint on corporate criminal law enforcement today.

Landmark appellate decision could kill Tornado Cash co-founder's US criminal case December 30, 2024 | Samuel Rubenfeld

After losing a motion to dismiss criminal charges of sanctions violations and money laundering, Tornado Cash co-founder Roman Storm is trying again, armed with an appellate decision involving the cryptocurrenc... (more story)

Amid criticism, Canada to toughen anti-money laundering enforcement December 23, 2024 | Samuel Rubenfeld

The Canadian government recently announced plans to bulk up its anti-money laundering enforcement amid criticism that existing measures weren’t tough enough — despite a record fine this spring on the country’s... (more story)

As LCF execs receive hefty bills, attention shifts to UK SFO probe December 16, 2024 | Martin Coyle and Sofia Gerace

A London judge’s order that London Capital & Finance executives pay 180 million pounds for their roles in the collapse of the “Ponzi scheme” has closed another chapter in the long-running saga. Attention will ... (more story)