Featured Predicate Crimes

Global Terror-Finance Watchdog Set to Sanction Iran

A global terror-finance watchdog agency is set to blacklist Iran, broadening a U.S. effort to isolate Tehran financially and potentially strain the already sanctions-battered Iranian economy. Iran’s blacklisting by the Paris-based Financial Action Task Force is expected to take place Friday and come after European governments decided to join the… Read More

Swiss bank Julius Baer slammed for money laundering failures

Swiss bank Julius Baer has been reprimanded by the country’s watchdog for ignoring money laundering risks in handling millions of francs of suspect payments linked to corruption in Venezuela and world soccer body FIFA. In a highly critical report, the Swiss Financial Market Supervisory Authority FINMA said there had… Read More

Pakistan hopes its steps to ‘eradicate’ terrorism will keep it off a global blacklist

Over the past year, Pakistan says it has “fought and eradicated the menace of terrorism from its soil” by carrying out arrests, seizing property and freezing bank accounts of groups designated as terrorists by the United States and the United Nations. Analysts and current and former U.S. officials predict these… Read More
21st February 2020
Mexican law-enforcement officers are investigating former President Enrique Peña Nieto as part of the country’s highest-profile corruption case in years, a senior Mexican judicial official said. The probe into the former leader is part of a broad case against Emilio Lozoya, the former head of state-run oil company Petróleos Mexicanos. Read More
21st February 2020
A former employee of Denmark’s social services was sentenced to six and half years in prison on Tuesday for embezzling millions in funds, meant for people in need, over decades. Britta Nielsen, 65, was accused of diverting 117 million Danish kroner (15.7 million euros) between 1993 and 2018 from the… Read More
21st February 2020
AP – Paris Saint-Germain president Nasser al-Khelaifi was charged Thursday by Swiss federal prosecutors in connection with a wider bribery investigation linked to FIFA and World Cup television rights. The office of Switzerland’s attorney general filed an indictment charging Al-Khelaifi with inciting former FIFA secretary general Jerome Valcke… Read More
21st February 2020
Lee Myung-bak, as former chairman of Hyundai Engineering and Construction, centerpiece of the Hyundai empire, ran for president of South Korea in 2007 on the promise to reform the economy. Now, he’s back in jail for the second time in a corruption scandal that caught up with him after his… Read More
21st February 2020
Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus’s aircraft orders from the Gulf Arab state involved alleged corruption, the state news agency reported. Governments and airlines around the world have launched their own investigations after Airbus on Jan. 31 reached a record $4… Read More
21st February 2020
The United Arab Emirates’ central bank is investigating Pakistan’s largest bank to ascertain if it violated anti-money- laundering and terrorism-financing laws, the regulator said on Wednesday. The inquiry comes as Pakistan is under examination by a Paris unit of the Financial Action Task Force, a global financial watchdog, for not… Read More
20th February 2020
Financial Supervisory Service (FSS) says nearly half of troubled funds sold through commercial banks Prosecutors on Wednesday raided the headquarters of Lime Asset Management and Shinhan Investment, as part of a probe into alleged misselling of hedge funds that could cause losses of more than 1 trillion won ($845 billion). Read More
20th February 2020
British overseas territory the Cayman Islands, the United States and Switzerland do most to help the globe’s richest citizens hide and launder money, according to a ranking published on Tuesday by a group pushing for reform. The study by the Tax Justice Network tests how much countries’ legal and financial… Read More
20th February 2020
Myanmar is set to be placed on a watchlist by a global finance watchdog this week, amid concerns of money-laundering by transnational drug traffickers and weak regulation of its financial system, two sources familiar with deliberations said. A decision to put Myanmar on the “gray list” by the Paris-based Financial… Read More
20th February 2020
Three UK nationals with vast experience in the UK financial services market (within the Bank of England, Financial Conduct Authority and the private sector) are set to take up, in the coming weeks, a number of senior positions within the MFSA’s supervisory area namely banking supervision, financial crime compliance and… Read More