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India’s Money Laundering Agency Finds Proceeds in JPMorgan Case

A federal investigation agency in India said it had preliminary evidence that units of JPMorgan Chase & Co. were involved in crimes generating 1.87 billion rupees ($24 million) in proceeds, raising the stakes in a months-long money laundering probe. The anti-money laundering agency Enforcement Directorate informed the top court… Read More

Database Exposes Offshore Holdings of Prominent Germans

The group’s name alone reflects its combative mission: The collective of transparency activists calls itself Distributed Denial of Secrets (DDoS), a name that recalls denial of service, a form of online attack that knocks out servers and websites by targeting them with huge numbers of superfluous requests. Committed as they… Read More

Switzerland cooperates with Vatican fraud investigation

The justice ministry has sent initial documents to the Vatican as part of an investigation into suspected bribery and money laundering related to a London property deal in which some Swiss banks are said to be involved. This is according to information obtained by the German-language paper NZZ am… Read More
25th May 2020
Sudan has confiscated $4 billion (Dh14.6b) worth of assets from former president Omar Al Bashir, the country’s anti-corruption body said. Al Bashir’s decades-long rule came to an end last year when the army moved to remove him as head of state amid nationwide mass protests. Since then, the country has… Read More
25th May 2020
Payment companies are ramping up their processes to combat fraud and scams as regulators warn financial institutions of illicit activities related to the coronavirus pandemic. Compliance teams at companies such as PayPal Holdings Inc. and Western Union Co. have been closely monitoring early indicators of fraudulent activities and… Read More
25th May 2020
Papua New Guinea police have arrested former prime minister Peter O’Neill over the alleged purchase of generators from Israel without parliamentary approval. O’Neill was arrested on Saturday at the main airport of Port Moresby, PNG’s capital, after returning from Australia, and brought in for questioning, assistant crimes commissioner Hodges… Read More
25th May 2020
Many paths lead to the small town of Traben-Trarbach, which is situated on Germany’s Mosel River and famous for its much-visited “underworld” of wine cellars. Frankfurt-Hahn is located just 30 minutes away by car, a regional airport that was, at least until the arrival of the coronavirus, a budget airline… Read More
25th May 2020
Former Miami Republican congressman David Rivera is under federal investigation for possible violations of the Foreign Corrupt Practices Act, as well as failing to register as an agent of Venezuela’s socialist regime, according to four sources familiar with the case who spoke to Univision. The investigation, conducted by the FBI… Read More
25th May 2020
Royal Dutch Shell Plc and Eni SpA won dismissal of a $1 billion U.K. lawsuit brought against them over allegations they knew about bribes in a Nigerian oil deal. A London judge ruled Friday that England has no jurisdiction to try the case as it involves the same… Read More
25th May 2020
Thanks for the effort, but you really need to do better. Some EU countries are among the best in the world at implementing technical recommendations to combat money laundering, but this doesn’t necessarily lead to impressive results: In the bloc, only 1.1 percent of estimated illicit proceeds are seized by… Read More
24th May 2020
If you have been dreaming of getting away from the uncertainty caused by the coronavirus pandemic, you can — provided you have some cash in hand. For the starting sum of $150,000, you can buy your citizenship of the pristine Caribbean islands of Saint Kitts and Nevis. With their pure… Read More
22nd May 2020
The European Union, about to splash out hundreds of billions to prevent its corona-hit economy from collapsing, assured the money would not end up in the wrong hands despite signs criminals are stepping up their game during the pandemic. A Luxembourg Times investigation last month revealed shortcomings in anti-money laundering… Read More
22nd May 2020
Secret documents showing how a London couple brought at least £14 million of allegedly corrupt money from an “Azerbaijani laundromat” into Britain have been cleared for release by a judge in a partial court victory for the Evening Standard. Chief Magistrate Emma Arbuthnot said that this newspaper had an… Read More