18th May 2020
A bankrupt underworld figure accused of cleaning money for drug kingpin Tony Mokbel is understood to have raised $10 million in funding for an ASX-listed company making a bid to sanitise the hands of the world. Skin Elements announced to the Australian Stock Exchange on April 16 that Carlton-based company… Read More
14th May 2020
The Federal Reserve has issued a fresh rebuke over Deutsche Bank AG’s money-laundering controls, according to a person familiar with the situation. The Fed’s move comes as Deutsche Bank tries to prove to investors and regulators that it is cleaning up its act under an overhaul that started last… Read More
20th April 2020
South Korea has significantly improved its legal framework on fighting money-laundering, but it needs to step up efforts to prevent public officials from laundering bribes and to solidify its ability to freeze the assets of persons and entities blacklisted by the United Nations, a global anti-money-laundering watchdog said. The Financial… Read More
17th April 2020
Easing bank rules is among the “bold and extraordinary” steps needed to beat the coronavirus, but it must be temporary and limited to avoid undermining financial stability after the epidemic has passed, central bankers said on Wednesday. Regulators are allowing banks to tap capital reserves and take a softer line… Read More
16th April 2020
More than £1.3m of assets has been seized from major Northern Ireland criminals in the past year. The items, including houses linked to Carrickfergus UDA boss Clifford ‘Trigger’ Irons and dissident republican Roy McAuley, were sold off with the proceeds donated to good causes. Justice Minister Naomi Long revealed the… Read More
20th March 2020
European Union regulations don’t prevent countries from confiscating assets from someone charged with civil offenses or not yet convicted of a crime, the EU’s highest court ruled Thursday. The question before the five-judge panel of the European Court of Justice was whether Bulgaria was allowed to confiscate assets from Tsvetan… Read More
6th March 2020
Albania’s government plans to offer an amnesty to businesses that have failed to disclose funds or made illegal gains for a fee, in an effort to formalise and revive the economy, open firms’ access to capital markets, and plug a budget shortfall. Business association Konfindustria estimated on Tuesday that Albania’s… Read More
28th February 2020
Scotland’s first minister has been urged to use unexplained wealth orders to investigate how Donald Trump paid for his Scottish golf resorts. Scottish Greens co-leader Patrick Harvie said the US Congress had heard concerns about possible money laundering involving some of the president’s business deals. He claimed there were “big… Read More
20th February 2020
Eight businessmen and two entities have been added by the EU and UK to sanctions lists. The EU and Britain have imposed sanctions on eight Syrian businessmen and two companies linked to the regime of President Bashar Al Assad. On Monday the EU announced it would apply the sanctions on… Read More
20th February 2020
The Public Prosecution Office dealing with corruption and financial investigations summoned the ousted president Omar Al Bashir for questioning on Sunday. The Prosecution suspects Al Bashir of money laundering, corruption, and forbidden and suspicious wealth. The Prosecution always wants to question Al Bashir about the role of the former government… Read More