Keywords: Financial crime


Iran executes man convicted of massive fraud

Iranian authorities announced on Sunday the execution of Mohammad Reza Ghaffari, a businessman convicted of a large-scale fraud affecting tens of thousands of people. Ghaffari, owner of the company Rezaayat Khodro Taravat Novin, was sentenced after the Iranian Supreme Court confirmed in August his conviction......

Pascal Prache to succeed Jean-François Bohnert as Head of France’s national financial prosecutor’s office

Pascal Prache, the current Director of Judicial Services, is set to become the new head of France’s National Financial Prosecutor’s Office (PNF), according to the Ministry of Justice. He will succeed Jean-François Bohnert, who has been appointed Attorney General at the Court......

The downfall of Zhimin Qian, the "goddess of wealth" behind a €6 billion crypto scam

Zhimin Qian, also known by her alias Yadi Zhang, has admitted her role in one of the largest cryptocurrency frauds ever uncovered. The 47-year-old Chinese businesswoman, once nicknamed the “goddess of wealth,” pleaded guilty on September 29 before a London court to orchestrating a vast financial......

Morocco’s tax authority refers major fake invoice network to prosecutors

Morocco’s General Directorate of Taxes (DGI) has referred a large-scale case involving falsified invoices to the public prosecutor’s office, following investigations that uncovered an extensive network of fraud. According to informed sources, the legal affairs division of the DGI completed......

Spain dismantles extensive drug trafficking network linked to Morocco

The Spanish Civil Guard has successfully dismantled a sophisticated drug trafficking network responsible for moving hashish and cocaine across borders with impressive coordination. This operation, which took place in Malaga and Melilla, led to the arrest of eight individuals involved in a criminal organization......

Morocco Reports 31% Rise in Money Laundering and Terrorism Financing Cases in 2023

New trends include links to sports betting, pyramid schemes, and cryptocurrency transactions. The Moroccan Financial Intelligence Unit (ANRF) has documented a sharp 31.48% increase in cases of money laundering and terrorism financing in 2023, as revealed in its latest annual report. A total of 71 cases......