15th September 2020
Steward Healthcare is facing a $5 million claim in a London court from an American investor who loaned Vitals Global Healthcare millions in their initial bid to obtain the controversial hospitals privatisation in Malta. A London court will allow Steward to defend its case against the claim made by medical… Read More
14th September 2020
Germany, France, Italy, Spain and the Netherlands called on the European Commission to draw up strict regulation for asset-backed cryptocurrencies such as stablecoins to protect consumers and preserve state sovereignty in monetary policy. The finance ministers of the five European Union member states said in a joint statement on Friday… Read More
14th September 2020
The Philippines’ anti-money laundering authority has identified 57 “persons of interest,” including foreigners and local bank officers and government officials, whose links to Wirecard AG are being scrutinized. Authorities are analyzing the transactions of these people who are “not necessarily the accused or respondents in a criminal case,” Mel… Read More
14th September 2020
Switzerland has agreed in principle with Uzbekistan on the terms under which assets confiscated as part of a money laundering investigation against Gulnara Karimova, the eldest daughter of the late Uzbek president, will be returned to the central Asian nation. The agreement signed by the two countries will see assets… Read More
14th September 2020
Gardai believe the Kinahan crime cartel no longer controls the drugs trade in Ireland and has now been replaced with a gang led by Brian Grendon, a convicted heroin dealer from west Dublin, whose organisation is generating up to €5m a week. Grendon is presently the focus of Operation Compact,… Read More
14th September 2020
Brazilian authorities blocked assets worth 230 million reais ($43 million) as part of a probe into drug trafficking and money laundering in two countries, according to a statement from Brazil’s federal police on Friday. Some 42 properties, two farm estates, 75 vehicles, boats and aircraft were being seized in Brazil,… Read More
14th September 2020
B.C. Supreme Court has stipulated that a Mexican businessman must produce documents within 30 days in a B.C. forfeiture case. The case involves two Kelowna-areas properties the province alleges were used to launder money linked to a $200-million plus international stock fraud. Following the consent of the parties, the court… Read More
11th September 2020
The Justice Department said on Thursday that it had charged 57 people with trying to steal more than $175 million from the Paycheck Protection Program to help small businesses during the coronavirus pandemic as questions swirled about how its funds were disbursed. Some cases involved “individuals or small groups, acting… Read More
11th September 2020
In an effort to increase the country’s legal overwatch, Germany now says Bitcoin (BTC) ATMs require regulatory approval before they are allowed to operate. ATMs that offer assets such as Litecoin and Bitcoin now requires a license from Germany’s financial regulator, BaFin, a Sept. 8 statement from the entity… Read More
11th September 2020
A former SNC-Lavalin executive who was convicted on corruption and fraud charges last year has had over $4 million in assets seized by a Quebec Superior Court judge, including a million-dollar property in Florida. Sami Bebawi, who was sentenced in January to eight years and six months in prison… Read More