Money laundering
Franco-Swiss banker Hottinguer denies tax evasion charges at Paris trial
Paul Hottinguer, heir to a Franco-Swiss banking dynasty, is being tried at Paris Criminal Court for aggravated tax fraud and money laundering.
Tax evasion 103 stories
Money laundering
Tax evasion
Nicaraguan sentenced to eight years for $4.2m El Salvador tax evasion
A Nicaraguan citizen, Iradia de los Ángeles Campos de Umanzor, was sentenced to eight years in prison by the Second Sentencing Court of San Salvador for tax evasion in the form of income tax evasion. She was ordered to pay $4,296,751.68 plus interest. An Interpol alert was activated.
Fraud & scams
Mexico uncovers largest fuel tax fraud involving cartels and corrupt officials
Prosecutors allege that since 2019, approximately 935 million barrels of diesel and gasoline illegally entered Mexico without tax payment, causing fiscal damage exceeding 730 billion pesos. Criminal organizations allegedly declared fuel as lubricants or other products with lower tax rates.
Money laundering
Former New Mexico House Majority Leader Convicted in Federal Bribery and Fraud Scheme
Sheryl Williams Stapleton, 69, was found guilty on all federal counts on August 14, 2026, including bribery concerning programs receiving federal funds, mail fraud, honest services fraud, tax fraud, and money laundering.
Money laundering
Panama court upholds detention in $40 million tax fraud operation
Panama's appellate court has upheld detention orders for individuals accused in Operation Pandora, a major tax fraud scheme. The investigation centers on a structure that allegedly manipulated the E-Tax 2.0 platform to illegally appropriate fiscal credits.
Fraud & scams
Las Vegas Woman Sentenced to Prison in $5 Million Refund Fraud Scheme
Iris Hondermann, who operated Silver State Tax & Multiservices LLC in Las Vegas, was sentenced to 30 months in prison for tax fraud.
Fraud & scams
Justice Department's Fraud Division Announces Unprecedented Fraud Enforcement Actions in Southeast Through Federal-State Partnerships
The Justice Department's National Fraud Enforcement Division announced coordinated enforcement initiatives across seven southeastern states (Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina) through new federal-state partnerships.
Money laundering
Chile: thirteen convicted for 762 million peso fraud against municipality
According to BioBioChile, a court convicted thirteen people of tax fraud and asset laundering exceeding 762 million pesos to the detriment of the Gabriel González Videla Municipal Corporation of La Serena, through false invoices and fabricated activity reports between 2019 and 2021 detected by a Comptroller's Office audit.
Fraud & scams
Prominent appellate attorney Thomas Goldstein sentenced to prison for tax crimes and mortgage fraud, DOJ says
The US Department of Justice announced that Thomas C.
Fraud & scams
SHAD SA reaches settlement over aggravated tax fraud; pays €2.4m
The National Financial Prosecutor's Office concluded its 32nd Judicial Interest Convention on 9 July 2026 with SHAD SA, which accepted paying 2,411,672 euros to the French Treasury for aggravated tax fraud linked to a fictitious registered address in Luxembourg.
Money laundering
US court sentences man to two years for illegal sports betting network, money laundering and $4.2m tax evasion
Infobae reports that Jason Noah Feinman, a US citizen, was sentenced to two years' imprisonment after admitting he managed systems that enabled sports betting in violation of US state and federal law, in a case involving money laundering and tax evasion totalling USD 4.2 million.
Money laundering
Three suspects charged in 500m shekel laundering and tax evasion case
Israeli police and the Tax Authority arrested three suspects in an alleged international money laundering and tax evasion scheme estimated at approximately 500 million shekels.
Money laundering
Real estate and tech entrepreneur suspected of evading tax on 5 million shekel investment
Real estate and technology entrepreneur Yitzhak Londner, 72, is suspected of tax evasion for allegedly failing to report approximately 5 million shekels in investment income received from convicted Ponzi fraudster Mikey Ben-Ari between 2017-2020.
Tax evasion
Idaho man indicted for tax evasion allegedly involving gold bars and nominee accounts
Joshua Laine Bennett of Caldwell, Idaho, was indicted on two counts of tax evasion, according to the Justice Department.
Germany announces 26-point action plan to combat tax crime and financial fraud
German Finance Minister Lars Klingbeil and Justice Minister Stefanie Hubig presented a comprehensive action plan on July 16, 2026, to combat tax evasion, financial crime, money laundering and organized crime.
Money laundering
La Serena: Effective prison sentences and asset seizure for perpetrators of tax fraud and asset laundering
A Chilean court sentenced three people—two former municipal officials (N.C.M. and B.G.) and an associate (C.M.F.)—for tax fraud and asset laundering. The women received combined sentences of 8 years, while C.M.F. received 7 years.
Fraud & scams
AMF: strengthened powers in the sanctioning procedure
Law No. 2026-534 of June 25, 2026 relating to combating social and tax fraud (articles 34 and 35) strengthens the AMF's sanctioning powers.
Money laundering
Mexican authorities arrest brother of fugitive businessman suspected of money laundering
Mexican authorities detained Alejandro Álvarez Puga in Cancún on the night of July 9, 2026. He is the brother of lawyer and businessman Víctor Manuel Álvarez Puga, who remains at large with his wife, television presenter Inés Gómez Mont.
Fraud & scams
Mario Adinolfi, journalist, conservative politician and Italian poker player, detained for allegedly defrauding up to five million euros through a private betting club
Mario Adinolfi, journalist, political figure and professional Italian poker player (born August 15, 1971), was arrested by Italy's Guardia di Finanza.
Money laundering
FBI Opens Fraud Investigation Into Argentina's Football Association Over Alleged Money Laundering and Wire Fraud
The Federal Bureau of Investigation is investigating Argentina's Football Association (AFA) for financial crimes, with prosecutors in Florida examining approximately $300 million in transactions connected to the association's commercial operations.
Tax evasion
Attorney suspected of concealing 10 million shekels; name publication ban lifted after six months
The Israel Tax Authority suspects attorney Ahikam Gridi of tax evasion involving approximately 10 million shekels.
Fraud & scams
Tax fraud: Alexis Kuperfis and Thierry Braha sentenced again
Trader Alexis Kuperfis and his former associate Thierry Braha, active in Switzerland, were sentenced on 7 July 2026 by the Paris tribunal in proceedings pursuant to a plea agreement concluded with the National Financial Prosecutor.
Fraud & scams
ANI expanded its complaint against Néstor Humberto Martínez for alleged tax fraud in the Odebrecht case
Néstor Humberto Martínez, former Colombian Attorney General, is alleged to have designed a legal scheme that enabled Odebrecht to evade taxes and secure public contracts without competitive bidding in the Ruta del Sol II megaproject.
Bribery & corruption
Colombia's Corruption and Tax Evasion Figures That President-Elect Abelardo de la Espriella Promised to Eliminate: No President Has Succeeded
Colombia loses approximately 5.2% of GDP annually to tax evasion, according to experts, with corporate income tax evasion accounting for 3.4% of GDP and VAT evasion 1.1%.
Tax evasion
CPC: Illicit economy evades 1.5 billion US dollars in taxes and mobilizes over 5.7 billion US dollars
Chile's Confederation of Production and Commerce (CPC) published on July 2, 2026 a report revealing that the illicit economy mobilizes over US$5.700 million annually, equivalent to 1.5% of national GDP and greater than the GDP of entire regions such as Ñuble or Los Ríos.
Money laundering
Isabelle Adjani convicted on appeal to ten months suspended imprisonment for aggravated tax fraud and money laundering
The Paris Court of Appeal on 1 July 2026 convicted actress Isabelle Adjani to 10 months imprisonment with suspension and a €10,000 fine for aggravated tax fraud and money laundering.
Money laundering
Sur Finanzas: two accused failed to appear for questioning and police could search for them if they persist in 'contempt'
Representatives of Banfileños S.A. and the Banfileña Reconstruction Trust did not appear to testify before the Federal Criminal Court in Lomas de Zamora.
Fraud & scams
Israel Tax Authority investigates suspected tax evasion in Zisapel family startup sale
The Israel Tax Authority is investigating suspected tax evasion at DC Protection, a startup in the Red-Binot group owned by the Zisapel family. The probe centers on a February 2022 transaction in which Radware acquired DC Protection for $42.5 million.
Money laundering
Dismantled clandestine network distributing counterfeit cigarettes in San Luis with 5 accused
Five people were charged with operating an illegal network for producing and distributing counterfeit cigarettes in five provinces.
Money laundering
Lawyer Amar Bouaou charged with organized money laundering and tax evasion
Parisian lawyer Amar Bouaou, known for defending organized crime figures linked to drug trafficking, has been charged with organized money laundering and tax fraud, according to the Paris prosecutor's office.
Tax evasion
Court upheld charges against Tapia and Toviggino for tax evasion at AFA
Argentina's appellate court upheld charges against AFA president Claudio Tapia and treasurer Pablo Toviggino for unlawful retention of withheld funds totaling 19 billion pesos.
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Money laundering
Tax authority demands €331 million from sponsor of France's XV rugby team
The National Financial Prosecutor's office (PNF) opened a preliminary investigation in June 2026 for aggravated tax fraud and organized money laundering targeting the Altrad construction group and its founder, Mohed Altrad.
Money laundering
Tax fraud: Mohed Altrad and his group targeted by a colossal 331 million euros investigation
The National Financial Prosecutor's Office (PNF) opened a preliminary investigation into the Mohed Altrad group for aggravated tax fraud and organized money laundering, with tax authorities claiming 331 million euros in unpaid taxes for the 2018-2024 period.
Money laundering
France's financial prosecutor investigates Altrad group for €331m tax fraud
The National Financial Prosecutor's Office (PNF) opened a preliminary investigation into the Altrad group for aggravated tax fraud and organized money laundering, according to Mediapart. Authorities claim €331 million in unpaid taxes (2018-2024), with total damages estimated at €350-400 million.
Money laundering
Aggravated tax fraud, raids, several hundred million euros: what is known about the investigation targeting the Altrad group
The Altrad Group, based in Montpellier, is under preliminary investigation by the National Financial Prosecutor's Office (PNF) for aggravated tax fraud and money laundering of aggravated tax fraud as part of an organized gang.
Fraud & scams
Comedian Carlos Mencia Charged with Tax Evasion and Failing to Report $8.7 Million in Income
Los Angeles County District Attorney Nathan J. Hochman announced felony state tax evasion charges against comedian Carlos Mencia for failing to report $8.7 million in personal and corporate income taxes between tax years 2019-2024.
Blogger Alexandra Mitroshina sentenced to three years suspended for money laundering
Moscow's Tverskoy District Court convicted blogger Alexandra Mitroshina of money laundering under Article 174.1 of the Russian Criminal Code for legalizing over 127 million rubles obtained through tax evasion by purchasing real estate in Moscow.
Money laundering
2.1 million euros in alleged fraud, leaders of minors' housing facility placed under investigation in Lozère
Four individuals were formally charged on June 17, 2026, for breach of trust, undeclared work, and aggravated money laundering of tax fraud following an investigation into the association Les Pelloux, a medico-social housing facility for vulnerable minors in Lozère.
Fraud & scams
He concealed €272,000 in income from tax authorities... except the money came from drug trafficking
A 45-year-old man from Pornic was convicted by the Saint-Nazaire tribunal correctionnel for tax fraud after concealing €272,000 in drug trafficking proceeds between 2018-2021. The tax authority imposed a total demand exceeding €320,000 including penalties. He received a six-month prison sentence.
Fraud & scams
Moti Green wants to raise 400 million shekels in bonds and did not disclose pending criminal case against him
Barceló Hotels raised 400 million shekels in bond issuance without disclosing in the prospectus that criminal proceedings are pending against owner and CEO Moti Green for tax offenses.
Fraud & scams
Dubai court unravels Dh723,500 tax fraud scheme
A Dubai Court of First Instance ordered two men to jointly repay Dh723,500 to a company and its manager after they were convicted of impersonating Federal Tax Authority officials. The defendants used forged state seals, official stamps, and fake signatures to defraud victims.
Tax evasion
Atlanta Attorney Sentenced to Federal Prison for Serial Tax Evasion
Amjad Ibrahim of Johns Creek, Georgia, was sentenced to one year and three months in prison following his conviction for evading nearly $1.5 million in federal income taxes over a four-year span. According to the IRS, Ibrahim willfully failed to file tax returns and pay taxes owed on his income.
Money laundering
Soccer player from Israel's top league arrested on suspicion of match-fixing and gambling violations
A soccer player who competed in Israel's top league during the 2026 season was arrested on suspicion of illegal gambling, match-fixing, money laundering violations, and tax evasion offenses committed with others.
Tax evasion
Argentina's Cassation Chamber orders retroactive application of Fiscal Innocence Law in tax evasion cases
Argentina's Federal Criminal Cassation Court ruled that the Fiscal Innocence Law (Law 27,799) must be applied retroactively in tax evasion cases when more favorable to the defendant. A company executive facing charges involving approximately $1.99 million in unpaid income tax and roughly $33.
Money laundering
Brother of Former Judoka Hugo Peszynski Convicted of Money Laundering Prior to Main Trial
A. P., the brother of former judoka Hugo Peszynski, was convicted by the 32nd Correctional Chamber of the Paris Judicial Court of aggravated money laundering involving organized tax fraud. He was sentenced to two years imprisonment with 18 months suspended, plus a €250,000 fine.
Tax evasion
Illegal seafood sales network allegedly evaded more than 6 billion pesos in taxes
Chilean PDI (Investigative Police) dismantled criminal organization in Valdivia involved in illegal trafficking and sale of seafood products (salmon, hake). Over 54 individuals detained including 3 Carabineros (police), 1 former Sernapesca official, 1 Valdivia municipality employee.
Money laundering
California Man Sentenced to Prison for Evading Taxes on More Than $4 Million in Income and Operating Illegal Offshore Gambling Business
Jason Noah Feinman, of Calabasas, California, was sentenced to 27 months in prison for tax evasion, operating an illegal gambling business, and money laundering. Feinman operated a Costa Rica-based business running a website that facilitated illegal gambling activities.
Money laundering
Rifaat al-Assad: how Europe sheltered an alleged war criminal
This investigation documents how Rifaat al-Assad, former commander of Syria's Defence Brigades and alleged architect of the 1982 Hama massacre, accumulated approximately €1 billion in concealed assets across Europe while evading accountability.
Tax evasion
Supreme Court upheld investigation against Alejandro Burzaco for tax evasion and illicit association
The Supreme Court of Argentina rejected a motion by Alejandro Burzaco and upheld the decision that revoked his dismissal in a case for alleged tax evasion and illicit association related to television rights for football tournaments.
Fraud & scams
Armenia Asked to Freeze Magnitsky-Linked Funds
Money tied to notorious Russian Magnitsky tax fraud (perpetrators fraudulently extracted $230 million tax rebate from Russian treasury) slipped into Armenia's financial system unnoticed by regulators.
Money laundering
FGR reveals how 'El Caballito' money laundering network scheme operated
The FGR detailed how the criminal organization 'El Caballito' operated through 15 shell companies and civil associations in Jalisco, Michoacán, Sinaloa, Sonora, and Quintana Roo, generating over 12 billion pesos in false invoices.
Money laundering
CJIP of EUR 88.2 Million for Crédit Agricole in the CumCum Tax Fraud Matter
On September 8, 2025, the Paris judicial court approved the CJIP signed on September 5, by which Crédit Agricole Corporate and Investment Bank (CACIB) undertook to pay EUR 88.2 million to avoid trial. Crédit Agricole became the first French bank to acknowledge this practice before the courts.
Fraud & scams
Government Legal Advisor: Tax Benefits Will Be Revoked for Donations to Organizations Where Military Service Evaders Study
Israel's government legal advisor announced revocation of tax deductions for donations to organizations where individuals evade military service, following Supreme Court ruling requiring elimination of economic benefits for draft-dodging ultra-Orthodox citizens.
Tax evasion
Brazil Places Fuel Tycoon Ricardo Magro on INTERPOL Red Notice for €4 Billion Tax Evasion
Ricardo Magro, head of the Refit Group and fuel sector tycoon, has been placed on Interpol's Red Notice list by the Brazilian Supreme Court, framed as the largest tax evader in Brazil's history.
Sanctions
Processing of AFA president 'Chiqui' Tapia for tax evasion confirmed
On May 14, the economic criminal court rejected AFA's and Claudio 'Chiqui' Tapia's attempt to appeal the decision to prosecute for alleged improper withholding of tax and social security contributions linked to Argentine football clubs.
Tax evasion
Social Media Influencer Indicted for Tax Evasion
A social media influencer failed to report the full income he earned from his work in 2020 and 2021 by withholding information from his tax preparer regarding an additional $807,142 and $390,566 in those respective years.
Money laundering
Worldclear Files: New Zealand payment firm processed millions for fraudsters and oligarchs
OCCRP investigation revealed Worldclear, tiny New Zealand payment firm, transferred hundreds of millions for high-risk clients including wire fraud fugitives, tax fraud convicts, and Belarusian oligarch.
Fraud & scams
Caroline Cayeux, Former Minister, Convicted to 10 Months Suspended Imprisonment for Tax Fraud of EUR 11.7 Million
Caroline Cayeux, 77, former senator and minister delegate responsible for Local Authorities (July to November 2022), was convicted on April 1, 2026 by the Paris judicial court to ten months suspended imprisonment and to a fine of EUR 100,000 for tax fraud under a CRPC (guilty plea procedure).
Fraud & scams
Belgium Convicts Key Figures in Global Tax Fraud Scandal
Two US tax advisers, Matthew S. and Jerôme L., were sentenced in Belgium to two years in prison and ordered to pay €13.3 million in damages in the CumEx scandal.
Money laundering
Former Senator Aymeri de Montesquiou convicted for tax fraud and money laundering
The Paris criminal court convicted former UDI Senator Aymeri de Montesquiou on May 7, 2026 for aggravated tax fraud and money laundering.
Money laundering
Allegations of 'asset reconciliation' preparation on parliament agenda: CHP poses critical 11 questions to Mehmet Şimşek
CHP Istanbul Deputy Fethi Açıkel submitted 11 questions regarding allegations that the Treasury and Finance Ministry is preparing a new asset reconciliation.
Businessman Denis Katsyv withdrew 6 million Swiss francs from Switzerland in Magnitsky case
Russian businessman Denis Katsyv, suspected in money laundering from the Magnitsky case, withdrew approximately 6 million Swiss francs from Switzerland to his accounts abroad. Switzerland had blocked the assets for ten years as part of the tax fraud investigation uncovered by Sergei Magnitsky.
Money laundering
Tax Authority Employee and Insurance Agent Arrested: Alleged Pension Fraud Scheme with Tax Evasion
Israeli police and tax authorities arrested a Tax Authority employee and insurance agent suspected of orchestrating a scheme to unlawfully withdraw pension funds while evading taxes.
Fraud & scams
Debate on abolition of CJIP following amendment vote on 1 April 2026
An amendment was voted on 1 April 2026 proposing the elimination of CJIP provisions for integrity-corruption and tax fraud cases, as well as environmental CJIPs, which sparked significant debate on the future of this mechanism in French law.
Fraud & scams
Judge attributes alleged €88 million tax fraud to businessman who paid €100,000 to 'Alvise'
Spanish National Court judge attributed alleged €88 million tax fraud to Álvaro Romillo, businessman who provided €100,000 to MEP Luis 'Alvise' Pérez. Romillo faces charge alongside criminal allegations as suspected ringleader of cryptocurrency investment scam through Madeira Invest Club platform.
Money laundering
Rapper GIMS placed under investigation in vast money laundering affair
French-language rapper GIMS formally charged March 27, 2026 with aggravated money laundering following arrest March 25, 2026 upon arrival at Paris airport.
Fraud & scams
Major tax fraud operation dismantled between Monaco and France
On March 10, 2026, Luc Pastorel, CEO of SOS Oxygène group, was sentenced by the Paris court to twenty months suspended prison sentence and a €1.5 million fine for organized tax fraud.
Fraud & scams
Judicial settlement agreement of public interest between HSBC Bank plc and the PNF for cum-cum tax fraud
A judicial settlement agreement of public interest (CJIP) was concluded on January 6, 2026 between the National Financial Prosecutor's Office and HSBC Bank plc, validated by the Paris judicial court president on January 8, 2026.
Tax evasion
Business Owner Jailed For VAT Evasion After False Filings Exposed
The High Criminal Court in Bahrain sentenced an Arab businessman to 5 years in prison and imposed a fine for VAT evasion after false filings were exposed.
Fraud & scams
Director general of SOS Oxygène convicted for organized tax fraud of €12 million
On 10 March 2026, Luc Pastorel, director general of the SOS Oxygène group (€578.3 million revenue in 2025), was sentenced by the Paris criminal court to 20 months' suspended prison and a fine of €1.5 million for organized tax fraud.
Fraud & scams
Final: Sharga Baruch will enter prison for one year for tax and fraud offenses
Supreme Court rejected former Manufacturers Association President Sharga Baruch's appeal; sentenced to 12 months imprisonment beginning April 15, 2026 at Nietzana Prison. Convicted of tax evasion, fraud under aggravating circumstances, and document forgery.
Fraud & scams
Prominent Appellate Attorney Convicted of Tax Evasion and Mortgage Fraud
Thomas Goldstein, a prominent appellate attorney, was convicted of tax evasion, assisting in the preparation of false tax returns, willful failure to timely pay taxes and making false statements to mortgage lenders.
Fraud & scams
Hedge Fund Manager Indicted on Tax Fraud Charges for Failing to Report Cryptocurrency Income
Justin Ryan Schmidt, a Cayman national who renounced his U.S. citizenship, was charged with tax evasion, filing false returns and willfully failing to file tax forms disclosing foreign assets.
Fraud & scams
Fondation Elysium: France convicts fraudsters for €65M tax fraud, Swiss probe stalls
French authorities convicted organizers in fraud case involving Neuchâtel-based Fondation Elysium used to conceal €65 million from French tax authorities. In France, fraudsters have paid and trial of organizers concluded with convictions.
Money laundering
Tax Authority exposes tax evasion method in grocery stores and pizzerias using private ATMs
Israel Tax Authority exposed tax evasion method in grocery stores using private ATMs. Suspects allegedly deposited cash from customers into private ATMs, then received funds back via bank transfers plus commissions, laundering proceeds and evading taxes.
Money laundering
Epstein affair: Institut du Monde Arabe searched as Jack Lang steps down
French authorities conducted searches at the Institut du Monde Arabe on February 16, 2026, as the PNF launched a preliminary investigation for 'aggravated tax fraud laundering' targeting Jack Lang and his daughter Caroline.
Money laundering
CJIP of EUR 17.5 Million Signed with Paprec Group for Corruption, Favoritism, Laundering of Tax Fraud and Anticompetitive Agreement
On February 11, 2026, the president of the Paris judicial court Stéphane Noël validated the CJIP concluded between the financial prosecutor and Paprec Group.
Money laundering
Tracfin publishes first issue of 'FOCUS TRACFIN' dedicated to money laundering in the art sector
Tracfin published on 3 February 2026 the first issue of 'FOCUS TRACFIN' dedicated to money laundering in the art sector. In 2024, Tracfin received 1,109 suspicious transaction reports related to the art market, representing a 35% increase compared to 2023.
Tax evasion
Suspicion: sold 8 apartments for 11 million shekels - evaded capital gains tax and purchase tax
Property sellers and buyers are suspected of false reporting on a transaction involving four apartments in a building for approximately 6 million shekels only, in order to evade capital gains tax and purchase tax, when according to the Tax Authority's investigation, eight apartments were actually sold worth approximately 11 million shekels.
Money laundering
HSBC Accepts a Judicial Interest Convention for 267 Million Euros in the CumCum Case
HSBC concluded a judicial interest convention (CJIP) with the National Financial Prosecutor for an amount of 267 million euros (115 million in restitutive component and 152 million in punitive component) for aggravated money laundering of tax fraud.
Fraud & scams
Public Interest Judicial Convention - HSBC Bank plc
A CJIP was concluded on January 6, 2026 between the PNF and HSBC Bank Plc regarding intra-group dividend arbitrage operations (cum-cum scheme) involving HSBC's Paris branch between 2014-2019, which allowed the bank to benefit from withholding tax exemptions that could qualify as aggravated tax fraud.
Money laundering
Dubai Court of Cassation upholds five-year jail term for Balvinder Singh Sahni in Dh150 million Bitcoin money laundering case
Dubai's highest court rejected final appeal by businessman Balvinder Singh Sahni (also known as Abu Sabah), upholding five-year jail sentence for laundering Dh180 million in Bitcoin proceeds from UK drug trafficking and tax evasion. Court waived Dh150 million fine as assets already seized.
Money laundering
Dubai Court closes 'Abu Sabah' case: Dh150 million fine replaced with asset confiscation
Dubai Court of Cassation issued a final ruling in the high-profile money laundering case against businessman Balvinder Singh Sahni ('Abu Sabah') and 32 co-defendants.
Money laundering
"City Tower" case: Indictments for tax fraud and money laundering totaling hundreds of millions in security sector
State Prosecutor's Office filed indictments at Central District Court against nine defendants and six companies, plus additional indictment at Tel Aviv Magistrate's Court, for tax offenses and money laundering totaling hundreds of millions of shekels.
Fraud & scams
Real estate broker and attorney accused of tax evasion in agricultural land sales
Law enforcement filed an indictment against attorney Alon Goren and real estate broker Shlomo Dhari for systematic tax fraud involving agricultural land transactions in the Ashkelon area between 2013-2018.
Money laundering
Partial victory for multi-property luxury real estate owner Adrien Labi
Court of Cassation annulled €94 million of €461 million seized from luxury property owner Adrien Labi in 2023 tax fraud and money laundering investigation involving over €500 million unpaid taxes (wealth, corporate, capital gains); seizure technicality involved trust within life insurance policy.
Money laundering
Faceless customs assessment system causes Rs100 billion revenue loss in 3 months
Pakistani customs audit (Dec 2024-Mar 2025) examined 13,140 goods declarations, finding 2,530 with discrepancies involving trade-based money laundering (TBML) risks. Importers drastically undervalued goods (e.g.
Money laundering
CumCum Affair: Crédit Agricole Accepts €88 Million Fine for Money Laundering of Tax Fraud
The investment banking branch of Crédit Agricole (Cacib) accepted to pay a fine of approximately €88 million to obtain abandonment of an investigation in the 'CumCum' tax fraud affair, at a hearing before the Paris court on September 8, 2025.
Tax evasion
State witness testified in Gal Hirsh tax evasion trial: they simply did not want to pay taxes
A state witness testified in the tax evasion trial of Gal Hirsh, coordinator of hostages and missing persons in the Prime Minister's Office. The defendants allegedly established shell companies to conceal ownership and explicitly did not want to bring money into Israel to avoid taxes.
Fraud & scams
Criminal organization dedicated to tax fraud in merchandise imports from China dismantled
Coordinated operation by the European Public Prosecutor's Office (EPPO) dismantles tax fraud network in merchandise imports from China. Tax evasion exceeding €700 million in Europe, €56 million in Spain.
Tax evasion
ADGM's Financial Services Regulatory Authority Fines 23 Entities for Breaching Common Reporting Standard Regulations, Foreign Account Tax Compliance Regulations
The ADGM's Financial Services Regulatory Authority imposed penalties totaling AED 610,000 across 23 entities for violations of CRS and FATCA regulations.
Fraud & scams
Indictment against former senior PlayTech executive: Concealed taxes on 4.5 million shekel income
Moshe Barak, former CFO of PlayTech PLC (London-listed online gambling company), was indicted in Tel Aviv District Court for concealing taxable income from exercised stock options worth approximately 4.5 million shekels.
Money laundering
Paprec CJIP: €17.5 Million to Avoid Prosecution for Money Laundering, Corruption and Favoritism
The president of the Paris judicial court approved a public interest judicial agreement (CJIP) between the National Financial Prosecutor's Office and Paprec.
Money laundering
Dubai prosecutors charge Emirati, 21 British nationals, two Americans, Czech national and companies with possessing illicit funds of Dh461 million
Dubai Public Prosecution referred defendants to Criminal Court facing charges of possessing illicit funds totaling Dh461 million ($125 million), plus forgery of official documents.
Fraud & scams
Sanjay Shah sentenced to 12 years in Denmark for $1.3 billion 'cum-ex' tax fraud after extradition from Dubai
Danish court sentenced British hedge fund trader Sanjay Shah to 12 years in prison for defrauding Danish state of $1.3 billion through 'cum-ex' trading scheme between 2012-2015. Shah, who lived on Palm Jumeirah in Dubai, was extradited from UAE in December 2023.
Money laundering
Abu Dhabi Felony Court convicts 9 defendants and 6 companies of money laundering crimes
Abu Dhabi Felony Court, which specializes in money laundering and tax evasion cases, convicted 9 defendants and 6 companies of committing fraud resulting in the theft of 18 million dirhams using information technology means.
Money laundering
LAW No. 2026-534 of June 25, 2026 relating to the fight against social and fiscal fraud
France enacted a major anti-fraud law (LAW No. 2026-534) on June 25, 2026, published in the Official Journal on June 26, 2026. The law significantly strengthens France's framework for combating social and fiscal fraud.
Money laundering
Ex-Spain PM Zapatero Faces Court in Corruption Hearing
Former Spanish Prime Minister José Luis Rodríguez Zapatero appeared at Spain's Audiencia Nacional facing four criminal charges: influence peddling, money laundering, tax fraud, and smuggling.
Money laundering
Former NYC Mayoral Chief-Of-Staff and Three Others Charged in Bribery Scheme Related to NYC Migrant Shelter Contract
Frank Carone (former chief of staff to NYC Mayor Eric Adams), Anthony Carone, Crystal Chen, and Yan Po Zhu charged in 13-count indictment for bribery scheme exploiting migrant crisis funding. Carone allegedly received $120,000 in bribes to steer $6.8 million contract to unsuitable hotel.
Tax evasion
Reducing tax evasion, facilitating tax compliance and providing certainty to taxpayers among SII's main challenges for 2026-2030 period
Director of the Internal Revenue Service (SII) Jorge Trujillo outlined three strategic priorities for 2026-2030: reducing tax evasion, facilitating tax compliance and providing greater certainty to taxpayers.
Tax evasion
Florida Businessman Pleads Guilty to Tax Evasion
Joseph Stewart of Miami pleaded guilty to tax evasion involving millions in unreported income. Between 2013 and 2018, Stewart earned over $4.
Money laundering
Paul Hottinguer trial opens on tax fraud and money laundering charges
Paul Hottinguer, a descendant of a renowned Swiss banking family, is being tried at Paris District Court for tax fraud and money laundering. Hottinguer is suspected of falsely establishing his residence in Switzerland to avoid paying more than 3 million euros in French taxes between 2012 and 2020.
Fraud & scams
SHAD SA fined €2.26m for aggravated tax fraud under judicial settlement
The Paris court president approved a judicial public interest agreement (CJIP) between the National Financial Prosecutor's Office and SHAD SA for aggravated tax fraud. According to the investigation, SHAD SA, although registered in Luxembourg, was in fact managed from France between 2015 and 2020.