The US subsidiary of Rabobank pleaded guilty to obstructing an investigation into money laundering by Mexican drug cartels and has agreed to pay a US$369 million fine, the Justice Department announced on Wednesday.
The Tax Justice Network released their Financial Secrecy Index on Tuesday, ranking Switzerland and the United States as the top two countries most attractive for tax evaders and money launderers. This is the second time in a row that the US has risen on the index, marking a fall in terms of transparency.
Almost 800 Bulgarian owners of expensive real estate or luxury cars will be investigated under suspicion of money laundering, prosecutors announced on Monday.
Bitcoin’s 80 percent climb in December made headlines last week and for the lucky investors who can now reap the benefits of its heightened value, the cryptocurreny may seem like a hallmark of the future. But as warnings grow over the risk of a speculative bubble and volatile price fluctuations, another concern has emerged— bitcoin’s anonymity and its potential use in money laundering schemes.
Britain announced on Monday the creation of a new National Economic Crime Center (NECC) to crack down on money laundering, which is estimated to cost taxpaying households in the United Kingdom US$ 340 each year.
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.
Страница 6 из 15
And get our latest investigations on organized crime and corruption
delivered straight to your inbox.