12th August 2019
Mexico is considering a ban on the use of cash for purchasing gasoline and to pay for tolls as a way to fight tax evasion and money laundering, according to people with direct knowledge of the discussions. The plan, which has been discussed between the banking industry and the government,… Read More
12th August 2019
It was a typically hot Saturday afternoon in Aruba when Rafael González Zambrano thought he had completed a routine operation, one he had been doing for about seven years already. After declaring the goods he was carrying, the Venezuelan-born man with a Dutch passport was escorted to his plane by… Read More
9th August 2019
Following the discovery of Bernard Madoff’s multibillion-dollar Ponzi scheme in late 2008, US Treasury Department officials ordered the hedge fund manager’s primary bank, JPMorgan Chase, to determine whether any other clients were violating laws or regulations.   Compliance officers in JPMorgan’s private banking arm subsequently launched a review of… Read More
9th August 2019
Lacking resources and organization, authorities in Uruguay are struggling to combat global drug trafficking. The country has become an increasingly important hub for drug smugglers as a result. “Uruguay is not looking too good in this matter,” Enrique Canon, head of Uruguay’s top customs authority, said after the recent discovery… Read More
8th August 2019
Brazilian police on Tuesday carried out a major operation against the First Capital Command (PCC) gang, in the latest attempt to try to hobble the country’s most powerful and sophisticated organized crime group. Brazil’s federal police said in a statement it had executed 30 arrest warrants, with 180 officers taking… Read More
7th August 2019
Poachers beware: Standard Chartered Plc is coming for you and is urging other banks to do the same. The lender is training bank-branch tellers to spot transactions that could be linked to the illegal wildlife trade and has made them a focus for its financial-crime investigators, said Kweku Bedu-Addo,… Read More
7th August 2019
The FBI has put out a warning on “confidence/romance frauds” across online dating sites. Cybercriminals are tricking people into laundering and sending money, purchasing items and providing personal and financial information, the FBI said Monday, by posing as a… Read More
6th August 2019
Drug traffickers have used two private companies which were set up by Crown Resorts with Crown executives as directors to bank suspected proceeds of crime, federal investigations have alleged. Investigators traced money from a number of suspected or convicted drug traffickers and money launderers flowing into the bank accounts of… Read More
6th August 2019
An investigative journalist in Tanzania has been charged with money laundering, tax evasion and assisting a criminal racket, according to a court document seen by Reuters, charges his lawyer and rights groups said were politically motivated. Rights groups say press freedom in Tanzania has drastically deteriorated since the election in… Read More
5th August 2019
The U.S. imposed a second round of sanctions on Russia for using a banned nerve agent in an attempt to kill a former Russian spy in the U.K. in 2018. The measures will prohibit U.S. banks from participating in the issuance of Russian sovereign debt, the State Department and Treasury… Read More