The German financial services conglomerate Allianz agreed to pay US$6 billion to settle with the U.S. banking authority accusations of fraud within its U.S. asset management unit in connection with the $11 billion collapse of the conglomerate's Structured Alpha funds.

The former head of a Honduran institution that was tasked with emergency procurement related to the COVID-19 pandemic was convicted last week for purchasing useless mobile hospitals at a highly inflated price.

Although he was supposed to be released soon after having served 16 month for illegal firearm possession, the putative leader of a criminal clan known as Group America will remain in a New York jail now for misusing the country’s COVID-19 bailout funds.

A Swiss-based think tank has called for increased international cooperation on cryptocurrency regulation and enforcement to combat black market activity and ‘regulatory arbitrage.’

The latest commodity being trafficked out of Southeast Asia and on to lucrative markets in China is neither wildlife nor drugs or arms but rather brides, according to a new reportby the Global Initiative Against Transnational Organized Crime (GI-TOC).

The operator of a Voice over Internet Protocol (VoIP,) has settled with the U.S government for facilitating tens of millions of illegal telemarketing calls that, amongst other things, spread COVID-19 disinformation.

Since the beginning of the COVID-19 pandemic, smugglers have shifted their tactics to import fake goods such as toys and cigarettes into the European Union (EU) market, according to a recent publication from Europol.

German and Greek authorities have jointly dismantled an organized human trafficking group that has smuggled people from Greece to Germany and other EU countires, Europol reported.

Spain’s National Police Tuesday dismantled a division of a transnational crime group that sells fake Covid-19 passports throughout the European Union (EU), some of which were listed in the country’s National Vaccination Registry.

The trial of a former executive of a Honduran government agency that was tasked with emergency procurement related to the COVID-19 started on Wednesday over the allegedly fraudulent purchase of seven mobile hospitals that were supposed to improve the health care service in the country.

After the number of cyber attacks on schools’ networks doubled during the COVID-19 pandemic, the National Crime Agency (NCA) announced the launching of a new initiative to divert young people away from cybercrime.

The scourge of piracy in the Gulf of Guinea has led to costs upwards of US$1.9 billion a year for the nearly two dozen West African states which line it, according to a recent discussion at the United Nations Security Council.

Italian authorities uncovered on Monday a conspiracy involving about 50 people who allegedly tried to obtain a COVID-19 vaccination certificate but avoid inoculation with the help of a nurse in Ancona who - on multiple occasions - was caught on camera emptying the syringe containing the vaccine before administering it into the recipient’s arm.

A U.K. court sent two men behind bars for a total of 33 years for laundering the equivalent of nearly US$95 million and fraudulently claimed $13.44 million in COVID-19 Bounce Back Loans for their fake companies, the National Crime Agency reported.

The cost of fraudulent COVID-19 relief claims in the United States have surpassed US$100 billion, according to a statement put out by the U.S. Secret Service last week. That’s around 3% of the total funding allocated by the government to COVID relief.

Hong Kong Customs reported on Wednesday the conclusion of an eight-day operation against the sale of illicitly sold karaoke players and pirated music.

Contrary to many Hollywood depictions, the main victims of cybercrime are seldom the wealthy and powerful with deep bank accounts ripe to be emptied by clever hackers and digital grifters.

Assassinations have long been part of criminal and often even political economies in east and the south of Africa, but according to a new report by a Swiss-based independent civil-society organization, they are decreasing now after a long period of rising rates in Kenya, Mozambique and South Africa.

The European Anti-Fraud Office (OLAF) said on Monday that although the European Union made more money available to member states so they can fight the pandemic, the financial impact of detected fraud against the EU budget continued to decline in 2020.

Italian financial police have seized more than 11 million euro (US$12.89 million) and more than 3.5 million protective face masks in an operation in the Emilia-Romagna region, the European Public Prosecutor’s Office (EPPO) saidFriday.