Featured Predicate Crimes

ING Italy investigated over alleged money laundering – source

Prosecutors in Milan have begun a formal investigation into alleged money laundering involving Dutch bank ING Groep NV’s Italian business, a source close to the matter said. ING had no immediate comment on Tuesday on the investigation, which was launched after prosecutors received requests for assistance from other European countries,… Read More

Swedbank to Release AML Report on Friday

Swedbank will publish the findings of a third-party investigation into whether it processed over $10 billion linked to a purported Russian money laundering network, the institution said Monday. The Stockholm-based lender hired Forensic Risk Analysis to conduct the analysis in February following a report by Swedish television company SVT alleging that the… Read More

Danske Bank investors seek $475 million in damages over money laundering scandal

Two U.S. law firms have filed a lawsuit against Danske Bank on behalf of institutional investors over a 200 billion euro ($227 billion) money laundering scandal. Grant & Eisenhofer P.A. and DRRT filed the lawsuit in Copenhagen on behalf of investors from 19 countries, asserting “fraud claims stemming from a… Read More
19th March 2019
Kenya’s High Court acquitted a British aristocrat on Thursday of smuggling cocaine in a shipment of sugar, ending a high-profile case that captured public interest in how the justice system would treat the scion of a prominent family. One hundred kilos of cocaine, said to be worth around $6 million,… Read More
19th March 2019
AP — Tsunekazu Takeda is stepping down as the president of the Japanese Olympic Committee amid a vote-buying scandal that French investigators suspect helped Tokyo land next year’s Olympics. Takeda announced Tuesday at the committee’s executive board meeting that he will resign when his term ends in June, and… Read More
19th March 2019
AP — The biggest school admissions scandal ever prosecuted began with a tip from an executive investigators were targeting in a securities fraud probe, a law enforcement official said Thursday. The executive told Boston authorities chasing down the market manipulation scheme that the women’s soccer coach at Yale University… Read More
19th March 2019
Israel’s Bank Hapoalim reported on Monday sharply lower quarterly net profit, weighed down by a large provision for an ongoing U.S. tax evasion investigation. Hapoalim earned 97 million shekels ($27 million) in the fourth quarter, down from 612 million a year earlier. Excluding one-time provisions, net profit was 991 million… Read More
19th March 2019
Top Democratic lawmakers have asked U.S. intelligence officials to investigate whether the founder of a Florida-based massage parlor chain suspected of human trafficking sold access to President Donald Trump. In a letter published Tuesday, Senate Leader Chuck Schumer and Speaker of the House Nancy Pelosi said that Li “Cindy Yang… Read More
19th March 2019
AP — Prosecutors say a former executive who embezzled nearly $2.5 million from a Southern California art reproduction company has been sentenced to more than 14 years in prison. The Los Angeles County District Attorney’s Office said Monday that 43-year-old Adam Reed Zucker pleaded no contest last year to… Read More
19th March 2019
Malaysian prosecutors on Monday said they would issue summonses to units of U.S. investment bank Goldman Sachs in London and Hong Kong, requiring them to respond by June to criminal charges filed against them last year. Soon after being elected in May, 2018, a new government charged three units of… Read More
19th March 2019
Russia will respond to new European Union sanctions, its foreign ministry said on Saturday, without saying what action it would take. The EU on Friday added eight more Russians to its sanctions list over a stand-off between Russia and Ukraine in the Azov Sea, including senior security service officials and… Read More
19th March 2019
Iranian President Hassan Rouhani said on Monday that the government would file a legal case in Iran against U.S. officials who imposed sanctions on the country as a precursor to action in international courts. Rouhani said in a speech broadcast live on state television that U.S. sanctions had created difficulties… Read More
19th March 2019
Former and current members of Danske Bank’s executive board have waived bonuses for 2018 because of the money laundering scandal linked to the bank’s Estonian branch. Danske Bank is under investigation in the United States, Denmark, Estonia, France and Britain over 200 billion euros ($226 billion) in payments that were… Read More