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Weekly Roundup: ‘Online Brothel’ Allegedly Evaded Bank Controls, 50 US Lenders Suspected of Funneling Drug Cash, and More
printA California judge has allowed state prosecutors to pursue money laundering charges against the chief executive and cofounders of suspected "online brothel" Backpage.com for allegedly routing illicit funds through accounts held by fraudulent companies set up to evade bank scrutiny, the Associated Press reported. More Australia's crime intelligence agency claimed in a report that organized crime groups laundering profits through domestic financial institutions is a top threat amid the rise of online banking and digital currencies, Reuters reported. More and More U.S. federal authorities arrested five people suspected of running a ring in San Diego that allegedly trafficked drugs from...
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