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FinancialCrimeRiskOfficers.com

Unlike reporting suspected tax fraud to the IRS, reporting suspicions of customs duty or tariff fraud can be a simple matter. But if you want to claim a reward, it's far more complex.

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When you come across an American person or company, anywhere in the world, who is or appears to be failing to pay federal taxes properly due, under US law, you can make a report to the Inland Revenue Service and, in some cases, receive a very substantial reward - as much of 30% of the tax recovered. And it's independent of FATCA.

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While the UK was under attack from the IRA and others, it was realised that reactive policing did not provide preventative protection. While specialist units had long been in place for undercover work in relation to both terrorism and organised crime, the models worked, largely, because the targets were known or could be associated with a class of persons. And, of course, individual officers had a network of informants upon whom they relied. But, again, much of this was reactive or, insofar as information could prevent an action, led to internment rather than prosecution. Something had to be done and that something became, in 2000, the National Intelligence Model under which policing became intelligence-led.

Terrence J. McNeil, 24, of Akron, Ohio, has pleaded guilty to five counts of solicitation to commit a crime of violence and five counts of making threatening interstate communications involving his soliciting the murder of members of the U.S. military. The case shows a potential hole in laws around the world.

ICANN is the global supervisory body for internet domains. But it's a commercial concern, given the nod by, primarily, the US government. Its failure to take steps to prevent the registration of fraudulent domains is spectacular but that pales against its dismal performance when an obviously fraudulent domain is reported. We know. We tested it when a fraudster registered and used a domain designed to appear as belonging to HM Revenue and Customs, (see Fraud / phishing scam uses "close enough" UK Revenue domain. The US Government conspires to facilitate widespread internet crime.

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It's good when some novel conduct comes up: it helps FCROs and others avoid terminal boredom. One that's appeared in Australia might not be new but it's uncommon enough to be interesting - and it's carefully designed to be difficult to spot as it takes place within the ordinary course of business. For those in "all-crimes" jurisdictions, it's something new to try to watch out for.

In the history of acronyms, we had KYC then KYE.. customer then employee.

There are several matters of grave concern to Banks regulated by the Federal Reserve Board, both domestic and foreign.

A municipal manager, Sindile Tantsi, has been suspended while South Africa's National Prosecutiing Authority investigate allegations of corruption. Meanwhile, his car, a Mercedes Benz has been seized - along with its car-port.

A data breach affecting millions of US taxpayers may result in fraudulent tax returns in this current tax reporting season.

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