A federal jury found the former owner of a marble mining company in Afghanistan guilty of defrauding a US. government agency and defaulting on a US$15.8 million loan, the U.S. Department of Justice announced on Monday.
Finnish authorities detained this weekend three money laundering and tax fraud suspects and raided the premises of a Finnish company owned by a foreigner.
The UK’s National Crime Agency has opened a criminal investigation into a UK-registered company suspected of having been involved in the Danske Bank multi-billion money-laundering scandal, The Financial Times reported.
Denmark’s financial regulator has reopened its investigation into Danske Bank which initially closed in May after a mounting outcry into the lender’s own probe into a massive money-laundering scandal, the Financial Times reported.
Thomas F. Borgen, CEO of Danske Bank, has Wednesday informed the Board of Directors that he is resigning over findings that that one of the bank’s branches was used for money-laundering purposes.
A court convicted a Rhode Island woman for her participation in a Jamaican lottery fraud scheme, which has affected about 100 identified victims with reported losses totaling more than US$6.7 million, the U.S. Department of Justice announced on Monday.
Private schools in the UK have been urged to make sure wealthy parents are not using laundered money to pay for their children’s education, The Financial Times reported.
The former president of El Salvador, Antonio “Tony” Saca, was sentenced in a Salvadoran court Wednesday to 10 years in prison after he pleaded guilty to diverting more than US$300 million in state funds to his own businesses and third parties, the Associated Press reported.
Koos Timmermans, the chief financial officer (CFO) of the Dutch bank ING Groep, resigned Tuesday after being blamed for failing to stop money laundering, Financial Times reported.
Former Arkansas State Senator Jonathan E. Woods was sentenced on Wednesday to 18 years and four months in prison for organizing and leading a bribery scheme, The US Justice Department announced.
EU authorities warned of serious weaknesses in the bloc’s money laundering controls after serious scandals fuelled concerns over illicit funds entering in the European banking system, the Financial Times reported.
The former managing director and vice chairman of Swiss Bank pleaded guilty on Wednesday for his role in the laundering of over one billion dollars that were embezzled from Venezuela’s state-owned oil company, the US Department of Justicesaid.
British authorities said on Wednesday they arrested one of Europe’s most wanted criminals who is suspected of trafficking Romanian women to Ireland, Finland and Dubai for sex work as well as of conspiring to kill a criminal rival
EU authorities will put eight of its members that award citizenships to rich people from outside the union under scrutiny, particularly Malta and Cyprus, the Financial Times reported on Monday.
Former Thai Buddhist monk, Wirapol Sukphol has been sentenced to 114 year in prison on convictions for fraud, money laundering and computer crimes.
Moldovan lawmakers will vote this fall on a domestic version of the Magnitsky Act, Balkan Insight reported Tuesday. The legislation was drafted in response to a fiscal reform package approved last week that opposition leaders say would legalize fraud.
Bill Browder, an American-born financier turned prominent human rights activist and Kremlin-critic, called on prosecutors in Estonia last week to investigate the country’s branch of Danske Bank for allegedly laundering billions in Russian money.
Two Ukrainian banks took part in a tax fraud scheme involving Russian government officials that defrauded Russian taxpayers of US$230 million, laundered them through various banks and fake companies and transferred them to the West, Ukraine’s Slidstvo.Info reported.
A Florida city commissioner turned himself in to the police on Wednesday amid claims that he accepted over $US 20,000 in bribes from a strip club owner in exchange for an extended liquor license, local media reported.
Germany is overhauling its anti-money laundering agency after years of being highly understaffed, backlogged, and delayed on urgent money laundering issues, the Handelsblatt reported on Thursday.
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