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Month: June 2013

Japan to Crack Down on Money Laundering

(WJS) The $250 million fine levied against Japan’s biggest banking group by New York’s financial regulator comes at a time when the nation is trying to improve its lackluster track record over cracking down on money laundering and related crimes. The Bank of Tokyo-Mitsubishi UFJ agreed on Thursday to pay the fine for its involvement…
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US agents make Mexican drug, money laundering arrests in Texas

(Reuters) – Federal agents arrested 25 people on Thursday in a drug and money laundering probe targeting a prison gang with ties to a Mexican drug cartel that allegedly smuggled drugs across south Texas. The FBI and U.S. Drug Enforcement Administration said the four-year probe into the Texas Mexican Mafia netted 25 members and associates…
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M&T to iron out money-laundering compliance issues

(Biz Journals) M&T Bank has 60 days to fix its anti-money laundering compliance program, according to a newly released written agreement between the Buffalo bank and the Federal Reserve. The June 17 agreement lays out several provisions the bank must meet in order to satisfy the Fed’s concerns, which came to light in April as…
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LulzSec hacker given community order for possessing child abuse images

(The Guardian) A convicted computer hacker with the LulzSec collective is due to be released imminently despite being found with indecent images featuring infants as young as six months, a court has heard. Police officers found 172 images on two computers belonging to Ryan Cleary, 21, when they raided the home he shared with his…
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Agents racing to save girl had one blurred clue

Washington (CNN) — Federal agents watched in horror as an unknown man in an internet photo appealed for stomach-churning advice — how to rape the child beside him. The girl was in pajamas and the man appeared intent on abusing her sometime soon. Homeland Security agents knew they were in a race against time to…
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Microsoft says it freed millions of computers from criminal botnet

(Reuters) – Microsoft Corp said that an assault it led earlier this month on one of the world’s biggest cyber crime rings has freed at least 2 million PCs infected with a virus believed to have been used to steal more than $500 million from bank accounts worldwide. “We definitely have liberated at least 2…
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Between a Rock and a Hard Drive

(DFI News) The means by which data can be forensically retrieved from badly damaged hard drives is being put to extreme tests in the high-profile Sandy Hook Elementary School shooting case in Newtown, CT. The shooter, Adam Lanza, removed the hard drive from his computer, then smashed it before driving to the school, where he…
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Deloitte fined $10 mn in US money laundering case

(Live Mint) Big accountancy Deloitte was fined $10 million by New York state on Tuesday for its actions in advising Standard Chartered Bank over money laundering. Deloitte’s unit Deloitte Financial Advisory Services Llp was fined and also banned for one year from work in New York state after state authorities said it did not carry…
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Money laundering: StanChart, HSBC officers caught on camera

(CNBC) After the Reserve Bank of India (RBI) fined ICICI , HDFC and Axis banks for flouting customer norms, highlighted by a Cobrapost expose, the latest sting operation by the online magazine exposes how some employees in two foreign banks in India have also been involved in accepting black money and agreeing to launder it.…
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Malicious email that recipient is on “Prism watchlist” linked to just-uncovered espionage campaign

(SC Magazine) The group behind the “NetTraveler” espionage malware campaign is now sending emails claiming the recipient is on the “Prism” watch list, according to researchers. Prism is a recently outed U.S. surveillance program run by the National Security Agency that collects data from internet giants such as Google, Facebook and Apple. On Tuesday, the 9b+…
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