Title insurers need to be brought under anti-money laundering rules to fight against scam artists who impersonate homeowners to sell or mortgage their properties, a former insurance executive says. Tim Hyde, who spent years in the title insurance business in Ontario, said dozens of cases involving impersonators in Ontario and B.C. showed the need for…
Bring Title Insurers Under Anti-Money Laundering Rules, Former Executive Says
Billionaire Brothers Under House Arrest in China for Suspected Financial Crimes
Paul Xiaoming Lee, (Li Xiaoming) the richest man in China’s Yunnan province, and a U.S. citizen, and his younger brother Li Xiaohua, reportedly a U.S. green card holder, are currently under residential surveillance by police in China. The path to wealth of the super-rich brothers is attracting a great deal of attention. Moreover, over the past…
Prosecutors: Alex Murdaugh Stole From Brother, Family Firm
COLUMBIA, S.C.—A disbarred South Carolina attorney charged with killing his wife and son has been indicted on another round of financial crimes. This time, prosecutors said Alex Murdaugh stole $295,000 from his brother and the law firm founded by his prominent legal family a century ago. Murdaugh, 54, faces nine additional charges—four counts of obtaining…
Alex Murdaugh Pleads Not Guilty to Murdering Wife and Son
WALTERBORO, S.C.—The once-powerful and now disbarred South Carolina attorney Alex Murdaugh pleaded not guilty Wednesday to charges he murdered his wife and son 13 months ago, with one of his defense attorneys calling for a speedy trial to clear his name and prod authorities to “go for the real killers.” Wearing a white face mask…
Organized Crime Infiltrating Government Bodies in Canada, Warns Inter-Agency Intelligence Service
Thirty-one organized criminal groups (OCGs) have members employed in Canadian public sector agencies or departments, and six are known to have significant influence, according to a recent report by an inter-agency organization that serves to coordinate criminal intelligence among member police forces. The 2021 Public Report on Organized Crime, issued by Criminal Intelligence Service Canada…
MasterCard to Pay $43 Million for Breach of Anti-Competition Law
UK’s payment regulator has fined Mastercard, along with four other companies, for anti-competitive behavior in the prepaid cards market that could have resulted in higher prices paid by local authorities to distribute welfare payments among vulnerable members of society. On Tuesday, the Payment Systems Regulator (PSR) imposed fines totaling more than ($44.86 million) on the…
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