Featured Enforcement

Deutsche Bank to Pay $16.2 Million in `Princeling’ Bribery Case

Deutsche Bank AG will pay $16.2 million to settle a U.S. regulator’s allegations that it hired relatives of overseas government officials to win business, making it the latest firm ensnared in a scandal that rocked Wall Street and sparked years-long investigations. The hiring, which lasted from at least 2006… Read More

Qatar-controlled bank investigated by UK over money laundering

The UK’s finance watchdog is investigating a British Qatari- controlled bank that has been acting as a platform for extremists’ interests in Europe. The British-registered, Qatari state controlled bank Al Rayan, is being investigated over its money laundering controls. The bank told shareholders that its “anti-money laundering processes and controls… Read More

$16 million frozen on accounts of TBC Bank founders accused of money laundering

TBC Bank co-founder Mamuka Khazaradze says that the equivalent of more than $16 million has been frozen on his accounts and on those of co-founder Badri Japaridze per a request of the Prosecutor’s Office. “This action serves only one purpose – to bring an end to the public movement we… Read More
23rd August 2019
AP—The relationship between a Japanese woman and a U.S. Army captain stationed in Syria started online, through an international social network for digital pen pals. It grew into an internet romance over 10 months of daily emails. It ended with the woman $200,000 poorer and on the verge… Read More
22nd August 2019
Norway’s Financial Supervisory Authority (FSA) found significant shortcomings in DNB’s compliance with anti-money laundering (AML) regulations during a late-2018 inspection, the bank regulator said in a report released on Wednesday. Long regarded as not a major risk issue for Nordic banks, money laundering has become a major concern in the… Read More
22nd August 2019
U.S.-based Citigroup Inc (C.N) and French bank BNP Paribas (BNPP.PA) are caught up in the U.S. criminal case against the chief financial officer of China’s Huawei Technologies, according to newly available documents. The banks were named in documents released on Tuesday after a hearing in British… Read More
22nd August 2019
Police arrested former Indian finance minister P. Chidambaram late on Wednesday in relation to alleged corruption and money laundering, a day after the Delhi High Court rejected his application to seek exemption from arrest. Chidambaram was arrested by federal police on a warrant issued by a competent court, a spokesman… Read More
22nd August 2019
Zimbabwe’s former Vice-President Phelekezela Mphoko has been granted bail after appearing in court on corruption charges. This comes a day after anti-corruption officials said they were treating him as a fugitive. They accused him of driving away from a police station where he was supposed to make a statement on… Read More
22nd August 2019
The U.S. Treasury on Wednesday imposed sanctions on three Chinese men accused of illegally trafficking fentanyl, acting three weeks after President Donald Trump accused Beijing of reneging on pledges to stem a flood of the highly addictive synthetic opioid into the United States. The trio included a father and son… Read More
22nd August 2019
Australian casino giant, Crown Resorts, has signalled it may reduce its reliance on Chinese “junket” operators as multiple investigations begin probing revelations it used recruiting firms connected to drug runners and other suspected criminals to lure cashed-up foreign gamblers. Crown on Wednesday also defended its due diligence and oversight… Read More
22nd August 2019
Denmark’s financial watchdog has prepared a draft report to send to Danish police over Danske Bank’s (DANSKE.CO) overcharging of customers, a scandal that led to the dismissal of the bank’s former interim chief executive. “It’s correct, there is a draft for a police report,” spokesman for the Financial… Read More
21st August 2019
A former chief executive of HSBC’s Swiss unit has pleaded guilty to helping wealthy clients hide at least €1.6 million. AFP recently reported that Peter Braunwalder was fined $560,000 and received a one-year suspended sentence in France for his role in helping HSBC’s clients stash their cash. The Swiss Leaks… Read More
21st August 2019
The Dominican Republic’s top prosecutor said on Tuesday that the Caribbean nation’s largest drug trafficking gang has been dismantled, a group that allegedly used two former professional baseball players to launder assets. Former Major League Baseball pitcher Octavio Dotel was arrested earlier on Tuesday, while Luis Castillo, also a former… Read More