Accountancies

The Internal Revenue Service Criminal Investigations (IRS-CI) division identified $10.6 billion in tax and other financial crimes in the federal fiscal year ending September 30, a rise of nearly 16% from the prior year. 

The UK government is taking aim at corrupt bankers, lawyers, and accountants and deploying new tech tools to identify dirty money as part of a new strategy to root out tens of billions in illicit funds entering the country each year.

The Financial Conduct Authority (FCA) will serve as the sole anti-money laundering (AML) and counterterrorist-financing (CTF) supervisor for the UK’s legal, accountancy and trust and company service provider sectors under a plan announced on Tuesday. 

The former executive director of Ronald McDonald House Charities of Marshfield, Wisconsin, has been charged with taking over $100,000 from the nonprofit.

A Singapore court on Monday convicted two businessmen of falsifying documents that misled auditor EY into believing Wirecard held substantial cash in Singapore bank accounts.

KPMG overlooked serious risks at three regional banks that collapsed in 2023, a U.S. Senate report has found, raising questions about the quality of oversight by one of the world’s largest audit firms.