Fraud
United Kingdom | 23 Mar 18
Offshore ‘Crook’s Bank’ developer facing £1m fine
A money launderer who developed an online service for criminals using bank accounts in Portugal, the Cape Verde Islands, Jersey, Cyprus, and Switzerland has been ordered to pay £1m.
Tax & Regulation | 21 Mar 18
Another Real Madrid star faces jail term over tax fraud
Former Real Madrid star Xabi Alonso is facing a possible five-year jail term after Spanish authorities accused him of tax fraud.
RL360° targeted in insurance scam
Insurance firm RL360° is the subject of a law suit on the Isle of Man for damages alleging breach of contract and negligence after it paid out a policy belonging to a deceased doctor, who turned out to be alive and the victim of identity theft.
Credit Suisse wealth manager jailed in Switzerland
A former Credit Suisse wealth manager has been handed a five-year jail term for a fraud worth tens of millions of Swiss francs.
Fraudsters posing as Dubai International Finance Centre
The Dubai Financial Services Authority (DFSA) has issued a warning to the financial services community and the public about a scam using fake emails and documents purporting to come from the DIFC.