2nd September 2020
A former Venezuelan oil official fled the country and is talking to U.S. authorities about aiding their investigation of a high-level corruption scheme that helped plunge the oil-rich nation into an economic meltdown. Carmelo Urdaneta Aqui, a onetime legal counsel to the country’s powerful oil ministry, will appear in a… Read More
1st September 2020
Brazil’s president, Jair Bolsonaro, was visiting a cathedral in the capital in recent days when a reporter threw out a question: President, why did your wife receive $16,000 from a former aide under investigation for corruption? The response was aggressive, even for a president known for venting his anger at… Read More
1st September 2020
Four employees of a clout-heavy Bridgeport bank whose president was found hanged in the Park Ridge home of a customer have been charged with helping Chicago attorney Robert M. Kowalski and “higher-ranking bank officials” embezzle at least $29 million before federal regulators abruptly shut down the bank in December… Read More
1st September 2020
Financial institutions have demanded repayment of more than $2.3 million in mortgages and loans linked to several Metro Vancouver properties allegedly used to launder drug money. Coast Capital Savings, Westminster Savings, Vancouver City Savings and First National Financial are seeking repayment on mortgages and loans on four homes in Maple… Read More
1st September 2020
Credit Suisse Group AG has discovered fraud at its international wealth management business, two years after it was criticized by a regulator in a similar case that rattled the bank and raised questions about controls. The Swiss lender dismissed a Zurich-based banker who forged documentation on an over-the-counter contract… Read More
31st August 2020
Swiss authorities have frozen nearly $900 million belonging to an Angolan business executive with ties to successive presidential regimes, according to newly released court documents. Switzerland’s public prosecutors froze seven accounts of Carlos Manuel de São Vicente and family members in December 2018 on suspicions of money laundering, according… Read More
31st August 2020
Iran’s central bank said on Saturday it was taking legal steps to counter a lawsuit filed in a U.S. court by creditors seeking to seize $1.7 billion of its assets held by Deutsche Boerse’s (DB1Gn.DE) Clearstream unit. The German stock exchange operator said earlier the creditors had filed the… Read More
31st August 2020
The European Union stepped up threats of more sanctions against Turkey over its energy exploration in the eastern Mediterranean in a bid to address demands by Greece and Cyprus. EU foreign-policy chief Josep Borrell said he would begin compiling a list of possible penalties that would be directed at individuals,… Read More
31st August 2020
More than 1,000 Russians obtained a Cypriot passport through Cyprus’s citizenship-by-investment scheme, Al Jazeera can reveal after an investigation of more than 1,400 leaked documents. The Cyprus Papers consist of 1,471 applications, containing the names of 2,544 people who received a Cypriot passport between late 2017 and late 2019. The… Read More
31st August 2020
A New York man will be ordered to repay $100 million embezzled from client payroll accounts after he pleaded guilty to a massive money laundering scheme that put companies out of business and left workers without paychecks, the state’s top law enforcement officer said. Michael Mann, who owned payroll… Read More