A French judge on Thursday ordered Russian legislator and billionaire Suleiman Kerimov to post US$47 million in bail and relinquish his passport as part of an investigation into tax fraud and money laundering at Kerimov’s luxury properties on the French Riviera.
French authorities have launched an investigation against Danske Bank which is suspected of having taken part in the laundering of some of the US$ 230 million Russian treasury scam once uncovered by Moscow-based lawyer Sergei Magnitsky, the Financial Times reported on Friday.
On Wednesday, a Greek court showed support for Russia in a US-Russia legal tug-of-war over the alleged mastermind behind a $4 billion bitcoin money-laundering scheme, reported Reuters.
A top banking executive was sacked for not daring to enforce the bank's anti-money laundering rules against the King of Ghana for whom he deposited £ 350,000 (about US$ 462,000) in cash, media reported on Tuesday.
The US and Russia are fighting over the extradition of the alleged mastermind of a US$4 billion bitcoin laundering ring, The Washington Times reported on Sunday.
Slovenia has launched an investigation into allegations that its biggest state-owned bank laundered nearly €1 billion (US$ 1.17 billion) from Iran between 2008 and 2010,Euractiv reported Monday.
Only two days after she received the “Alternative Nobel Prize,” Azerbaijani investigative reporter Khadija Ismayilova was on Thursday presented the prestigious2017 Allard Prize for International Integrity.
Spanish police said Wednesday they dismantled two Russian criminal organizations and arrested 11 in connection with laundering more than €30 million (US$35 million).
A US court sentenced on Wednesday a retired officer of the Royal Canadian Mounted Police to five years and two months in prison for laundering money obtained from the illegal import of hundreds of narwhal tusks from Canada.
Serbia’s Defense Minister, Aleksandar Vulin, told the country’s anti-corruption agency that his wife’s aunt from Canada lent the couple US$ 245,000 to buy their Belgrade apartment, but submitted unconvincing evidence for his claim, Crime and Corruption Reporting Network (KRIK) reported Monday.
Aerospace giant Airbus has begun an internal investigation into possible corruption following a series of dubious financial transactions uncovered by the Guardian that resulted in a multi-million dollar unexplained payment, theGuardian reported Monday.
The Spanish High Court approved on Monday an investigation into the Industrial and Commercial Bank of China’s (ICBC) European headquarters on allegations that hundreds of millions of dollars were laundered through the bank’s Madrid branch.
The son of former Honduran President Porfirio Lobo was sentenced to 24 years in prison on Tuesday after pleading guilty to drug trafficking charges, theUS Department of Justice said.
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.
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