U.K. authorities issued a record £23.8 million (US$31.27 million) fine to a money transfer business for breaching strict regulations aimed at preventing criminals from laundering illicit cash, the U.K. Revenue and Customs (HMRC) department announced Thursday.
The United States has slapped aerospace company Boeing with a US$2.5 billion fine for choosing “profit over candor” by deceiving authorities about software tied to two fatal plane crashes.
U.S. intelligence and security agencies believe that someone from Russia is responsible for recently discovered, ongoing cyber compromises of both government and non-governmental networks, the agencies said Tuesday in a joint statement.
A court in El Salvador found Ex-President Elias Antonio Saca and his wife, Ana Ligia de Saca, guilty of illicit enrichment on Tuesday and ordered them to pay back the US$4.4 million they diverted from state funds to their personal and business accounts.
Although Pakistan last week paid US$28.7 million to a British asset recovery firm it hired nearly two decades ago to find and recover UK-based assets from dozens of Pakistanis, the firm still seeks $3 million in interests and has tried to get hold of London apartments of former Prime Minister Nawaz Sharif instead.
After officials at the Johannesburg airport arrested three men who tried to smuggle gold bars in their hand luggage, the South African Police Service (SAPS) said Monday that it has launched an investigation into what it believes is an international gold smuggling ring.
Authorities in Guatemala have detained seven people in raids on 20 properties as part of an investigation into a conspiracy to launder more than US$7 million in drug money.
A 28-years-old Nigerian man from Norman, Oklahoma, pleaded guilty on Monday to helping launder money from a Nigerian-based romance scam which defrauded elderly Americans of millions of dollars, a statement from the Department of Justice said.
European countries last year issued fines totalling 171.3 million euros (US$211 million) for violations of the EU’s framework for General Data Protection Regulation (GDPR).