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One of the island’s top police officers has said that kickbacks and bribery appear to be a problem in Bermuda. Nicholas Pedro, of the Organised and Economic Crime Department, said reports in recent years suggested corruption was more prevalent than ...

Police are warning businesses of a fraudulent e-mail inviting them to sign up to an anti-money laundering course. The deceptive message urges people to join an “Anti-Money Laundering and CFT Regulatory Compliance, Surveillance and Reporting” course i...

NEW YORK (Bloomberg) – A Los Angeles man who was born into a life of white-collar crime with an opulent lifestyle was ordered to serve more than 14 years behind bars for ripping off poor Native Americans, a sentence that tacked five years to time he’...

A guide to Bermuda’s new bribery legislation has been put together for commercial organisations. Attorney-General Trevor Moniz issued the document so that companies can put procedures in place to “prevent persons associated with them from bribing”, a...

Counterfeit Bermuda $5 and $2 notes have been found in circulation, according to the Bermuda Police Service. They made the discovery following their investigation into counterfeit Bermuda $50 notes, reported last week. In a press release this afterno...

Counterfeit Bermuda $50 notes are currently in circulation, according to the Bermuda Police Service. Employees are advised that if counterfeit cash is detected during a transaction, the member of staff receiving the fake money should hold on to it, n...

Four people have appeared in court in Britain accused of running a multimillion-dollar money laundering operation. Jeffrey and Samantha Bevan, Joel Ismail and Paul Charity are accused of laundering the proceeds of $2.5 million allegedly stolen from t...

Sweeping fraud has been alleged against Stemedica, a stem cell medical research company courted for Bermuda by former premier Ewart Brown. Meanwhile, the company, which dismissed the accusation as “completely false, without merit, baseless and withou...

The Department of Financial Assistance will have its budget trimmed by just over $1 million in the coming fiscal year, to $53.555 million for 2017-18. Nandi Outerbridge, the Minister of Social Development and Sport, also updated MPs yesterday on the ...

A “large-scale fraud and corruption inquiry” is nearing completion, according to an affidavit from Deputy Police Commissioner Paul Wright. In a statement dated last August, Mr Wright said the probe was in “a critical phase” and expressed concern it c...

It was meant to be the transaction that paved the way for a new luxury hotel that would offer much needed rejuvenation for tourism in Bermuda’s capital. But for more than two years the Corporation of Hamilton’s move to guarantee an $18 million loan t...

Anti-money laundering and anti-terrorist financing legislation came into effect this week, putting the spotlight on the supervision of dealers of high- value goods. Trevor Moniz, Minister of Legal Affairs, explained to MPs the progress that had been ...