Regulators have begun civil proceedings against Westpac Banking Corporation alleging more than 23 million money laundering rule breaches, Australia’s anti money-laundering and terrorism financing regulator (AUSTRAC) said Wednesday.
They say that those who can’t do, teach — but on Monday, federal authorities alleged that a Miami professor with expertise in organized crime played an active role in a conspiracy to launder approximately $2.5 million in dirty Venezuelan money.
A former doctor has been sentenced to more than 11 years in prison for a string of frauds, money laundering, and illegal prescription-writing, according to a Justice Department release last week.
UK services and institutions played a significant role in some of the biggest corruption scandals as they allowed 325 billion pounds (US$412 billion) of suspect transactions to flow through the country’s financial system,Transparency International UK revealed in its latest research.
The pope’s chief bodyguard has resigned after an internal memo was leaked to the media, which identified five employees of the city-state who are facing investigation in the latest financial scandal gripping the Catholic Church.
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.
The Vatican has appointed one of Italy’s top anti-mafia prosecutors to head its criminal tribunal, just days after raids were carried out in the Holy See over alleged financial wrongdoing.
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.
Page 5 of 19
And get our latest investigations on organized crime and corruption delivered straight to your inbox.