Europol called Tuesday for tighter money laundering control saying in 2014 banks had reported one million suspicious transactions to authorities but only 10 percent of them were investigated.
The Azerbaijani Laundromat is a complex money-laundering operation and slush fund that handled $2.9 billion over a two-year period through four shell companies registered in the UK.
Pakistan’s largest bank will shutter its only branch in the United States after regulators there announced they were seeking a US$ 630 million fine for failure to follow anti-money laundering measures, Reuters reported Monday.
US authorities are ramping up their money laundering investigations and will be looking into luxury real estate after they found that potentially illicit activity is behind more than 30% of cash purchases, media reported Thursday.
Pakistan’s ousted prime minister, Nawaz Sharif, and his two sons failed on Friday to appear before the country’s top criminal investigation body which is probing his offshore properties he lost his job over.
A Lithuanian man accused of conning Google and Facebook out of over US$ 100 million through an email fraud scheme pleaded not guilty in a US court on Thursday, Reuters reported.
Australia announced on Thursday it plans to regulate for the first time cryptocurrencies like bitcoin, the Financial Times reported.
Israeli authorities detained on Monday Beny Steinmetz, one of the country’s richest men, and four other money laundering and fraud suspects,media reported.
A Kazakh journalist known to be a stout government critic went on trial Monday for alleged money laundering,RadioFreeEurope/Radio Liberty reported.
US law enforcement is intensifying a criminal investigation into a multi-billion dollar alleged fraud at Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MBD), Bloomberg reported Thursday.
United States investigators have uncovered a money laundering operation run by the Islamic State of Iraq and the Levant (ISIS) that transferred funds to an alleged ISIS supporter in the US using fake eBay transactions, The Wall Street Journal reported.
Slovenian investigative journalism site podcrto.si published on Thursday police reports detailing charges against the longstanding mayor of the country’s capital for alleged crimes including tax evasion, trading sex for influence, and money laundering.
Israel state prosecutors filed on Tuesday indictments for various corruption charges against 10 public officials linked to the far-right Yisrael Beytenu (Israel is Our Home) political party, Israeli media reported.
The Royal Bank of Scotland (RBS) disclosed Friday that it is under investigation by the UK’s Financial Conduct Authority for suspicions of money laundering "in relation to certain customers."
Australian authorities on Thursday accused mortgage lender Commonwealth Bank of Australia of failing to properly report A$ 77 million (US$ 61 million) worth of suspicious transactions, the Guardianwrote.
Romania’s anti-corruption agency indicted the CEO of one of the country’s biggest telecom operators with money laundering, the company announced on Monday.
The former president of Malawi vowed on Tuesday to return to the southeastern African country in order to face corruption charges, which she denies.
Israeli police Sunday arrested five antiquity dealers in East Jerusalem, seizing relics that date back millennia in connection to a smuggling scandal involving the US arts and crafts chain store Hobby Lobby.
Greece’s former transport Minister was found guilty on Friday of money laundering involving contracts between Siemens’ Greek unit and then state-controlled telecoms firm OTE, Reuters reported.
Pakistan’s Prime Minister Nawaz Sharif stepped down on Friday after the country’s Supreme Court reviewed corruption accusations against him and ruled he was not an honest man and should resign.
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