Welcome to our weekly newsletter that provides you with the most recent updates and insights regarding AML, financial crime compliance, and emerging risks.

This week we begin with A CPA facing indictment for an USD 800,000 tax fraud scheme, allegedly involving the false claim of a fake foster child as a dependent. Furthermore, we shed light on British trader Sanjay Shah, living in Dubai, who was extradited to Denmark over Pound 1.46 bn tax fraud allegations related to Solo Capital’s schemes; the trial is set for January.

In another story, A West New York financial advisor was found guilty on 11 counts in a trial related to a multimillion-dollar healthcare fraud scheme. Moving on the CEO of a biotech company has pleaded guilty in a COVID-19 securities fraud scheme

Moving forth, Hunter Biden is charged with nine tax fraud cases, raising the possibility of a 17-year prison term Lastly, Noida police arrest eight suspects for an INR 10,000 crore GST fraud, involving the creation of 3,000 bogus companies using fake identities.