Montenegro has on Thursday officiallylaunched the application process for its Citizens by Investment Program, otherwise known as the Golden Visa scheme, which offers rich foreigners and their families citizenship in return for investments worth hundreds of thousands of euros.
Aivar Rehe, the head of Danske Bank’s Estonian branch, was found dead on Wednesday after he went missing Monday evening from his home in Tallinn, the national ERR TVreported citing Estonia’s Police.
Authorities in Bosnia arrested on Thursday three former Sberbank employees who are suspected of money laundering and have allegedly deprived the bank of more than one million Konvertible Marks.
The Cypriot press ethics committee slammed on Monday the president’s former law firm for threatening to sue media that published a report claiming the firm facilitated transactions to companies suspected of money laundering.
A corruption scandal involving a controversial ex-reality star, a businessman, a special prosecutor, and €1.5 million (US$1.68 million) stuffed into a Louis Vuitton bag, is both rocking North Macedonia and bogging down into a political mishmash.
The Vatican released Pope Francis’s renewed statutes for the governance of the Vatican Bank on Saturday, which will bring in an external auditor for the first time and introduce new ethical guidelines for members of the bank's staff.
The US Department of Treasury announced last Thursday that they would be placing sanctions on Venezuelan President Nicolás Maduro’s three stepsons as well as on their Colombian business associates who they allege were involved in a food-aid distribution corruption scheme.
The Council of Europe gave Malta a “poor overall rating” for its compliance with international anti-money laundering standards, according to anonymous sources who leaked the results to the Times of Malta on Monday.
Moscow police detained six people suspected of illegal cash withdrawals, after the group’s monthly turnover reached 100 million Russian rubles (US$1.59 million),TASS news agency reported Friday quoting the police.
Italian crime clans have been served a cold dish of revenge this week with authorities in Italy and Canada arresting 27 mafia suspects on Thursday, a day after US and Italian police nabbed 19.
The Russian Ministry of Interior announced on Friday that 10 people will stand trial for allegedly conducting 4 billion rubles (US$64 million) of illegal banking activities in the Russian Chuvash Republic.
Sydney authorities arrested three individuals on Thursday for running a business that acted as a front for a US$70 million money laundering syndicate serving organized crime groups, a New South Wales Policepress release announced.
Days after escaping extradition back to China in a hearing at the Swedish Supreme Court, a former Chinese official was arrested again and is now facing extradition to the United States, the Business Times reported on Tuesday.
Four United States senators have introduced a bipartisanbill intended to put an end to the country’s status as a premiere destination for financial crime.
Danske bank on Friday appointed a new CEO to replace Thomas Borgen, who was charged along with nine other managers over their involvement in one of the biggest money laundering scandals in history, reported Berlingske.
Canadian authorities are failing to catch 99.9 percent of money laundering in the country which means that US$75 billion to $100 billion of dirty money from all over the world are laundered through Canada each year, according to the author of a policy brief released Monday.
A UK judge this week ordered a convicted money launderer who was caught attempting to board a flight to Dubai with US$1.93 million (£1.5 million) in cash last August to forfeit the confiscated funds permanently, the National Crime Agency (NCA) said in a press release.
Citing money-laundering scandals such as the ‘Global Laundromat,’ the ‘Azerbaijani Laundromat’ and the ‘Troika Laundromat’ the Parliamentary Assembly of the Council of Europe (PACE) has urged swift and substantial action to strengthen anti-money laundering provisions and improve international cooperation in the fight against such ‘laundromats.’
The former first lady of El Salvador, Ana Ligia Mixco de Saca, will plead guilty to her role in a corruption scheme that saw US$25 million of public money laundered during her husband’s presidential tenure, El Diario de Hoy, a leading newspaper in the country, reported.
Two offshore companies owned by down and out homeless alcoholics used accounts in Swedbank’s Estonian branch to transfer up to €180 million (US $204 million) to a wholesaler which experienced suspiciously rapid growth, according to OCCRP’s Estonian partner Postimees.
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