Armenia’s President Armen Sarkissian signed on Monday a law that allows state institutions to seize property suspected to have been acquired illegally.
Israel’s largest bank agreed to pay nearly a billion dollars after pleading guilty on Thursday for conspiring with US taxpayers to hide their money offshore, and for participating in FIFA’s international bribery conspiracy.
Colombian prosecutors said on Tuesday that former General Mauricio Santoyo was put in jail while they investigate him for money laundering and illicit financial and criminal activity that connect him to a notorious far-right paramilitary and narco-trafficking group.
Malaysian authorities have on Monday asked the public as well as Interpol for help in locating the ex-CEO of Asia Media, Wong Shee Kai, commonly known as Ricky Wong, who is suspected of money laundering and terrorism financing.
Brazilian President Jair Bolsonaro is expected to appoint a close aide to replace former Justice Minister Sérgio Moro, sources told Reuters on Sunday, the newest development in what critics say is a concerted effort by the president to crush several investigations into his family’s criminality.
Until November last year, Swiss authorities received 7,705 reports about possible money laundering, an increase in reports by 25 percent on the previous year, the Federal Money Laundering Reporting department, MROS, said in its annual report.
Authorities in London have frozen more than 1.9 million euros (US$2.05 million) held in bank accounts with alleged links to the Italian mafia.
A corporate auditor has won a lawsuit against a global accounting firm for forcing him out of his job after he allegedly refused to help cover up graft at a gold refinery in the United Arab Emirates.
Pakistan’s opposition leader failed to appear in court on Friday to explain how he and his family have amassed billions of dollars during his political career, citing the danger of coronavirus for a cancer survivor such as himself.
Australian bank Westpac has said it is setting aside more than AUS$900 million (US$570 million) to resolve allegations it facilitated more than 23 million breaches of anti-money laundering and counter-terrorism laws.
Authorities in Latvia have launched criminal proceedings against a group that allegedly laundered more than €7 million (US$7.67 million) through a string of fictitious plastic granule companies.
The UK’s largest bank has alerted financial intelligence authorities to possible breaches of anti-money laundering regulations at its Australian subsidiary.
The co-owner of a bank that has been implicated in money laundering and other criminal financial activities has passed away on Sunday, according to an online obituary and sources close to the bank.
The European Commission has been slow to enforce reforms necessary to complete its stated mission of curbing money laundering and other illicit financial flows that fuel organized crime and corruption, recent reports show.
Swedbank carried out almost 37 billion euros (US$40 billion) of transactions with a high risk of money laundering over five years, according to an internal investigation published on Monday that found the bank’s Baltic businesses actively chased risky customers.
The daughter of Uzbekistan’s late president will serve a further eight years in prison for corruption and criminal activities estimated to have cost the country a total of more than US$2.3 billion.
A New York jury found the head of a Maltese bank guilty of defrauding the United States, evading its economic sanctions against Iran, bank fraud, and money laundering.
A London court will suspend the corruption trial of three former energy industry executives for at least two weeks amid attempts to quell the spread of coronavirus in the country.
The UK is planning a £100 million (US$130 million) levy on companies and banks to combat money laundering, according to the country’s 2020budget proposal that was published on Wednesday.
Canada’s financial watchdog found that many real-estate companies are violating money laundering rules as they are neither checking the identities of their clients, nor are they reporting large cash deals to the government.
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