Featured Enforcement

Germany Probes Possible Money Laundering by Wirecard Executives

German prosecutors are looking into possible money laundering by executives at Wirecard AG, adding to ongoing probes related to potential fraud and fake accounting at the insolvent payments firm. A spokeswoman for the Munich public prosecutor said it was conducting several legal cases related to possible money laundering… Read More

Amazon settles allegations of U.S. sanctions violations

Amazon.com Inc. agreed to settle allegations that it violated multiple U.S. sanctions regulations, the U.S. Treasury Department said Wednesday. The Seattle-based e-commerce giant allegedly provided goods and services to individuals or entities subject to U.S. sanctions, primarily due to deficiencies in the company’s automatic screening processes, according to… Read More

Three Gandhi family trusts to be probed for tax violations, money laundering

The Ministry of Home Affairs on Wednesday announced it has set up an inter-ministerial committee to probe into alleged violation of various legal provisions by Rajiv Gandhi Foundation, Rajiv Gandhi Charitable Trust and Indira Gandhi Memorial Trust. A Special Director of the Enforcement Directorate (ED) will head the committee. “MHA… Read More
9th July 2020
The second edition of an influential handbook on the U.S. Foreign Corrupt Practices Act incorporates nearly eight years of developments in the antibribery law. It also clarifies the government’s view on controversial aspects of the statute’s enforcement. The U.S. Department of Justice and U.S. Securities and Exchange Commission released the… Read More
9th July 2020
A Monaco court on Wednesday upheld an earlier ruling dismissing a case against a prominent art dealer accused by a Russian oligarch of fraud and money laundering, lawyers for the art dealer said. Monaco’s appeals court in December ordered the closure of a preliminary investigation opened by local authorities into… Read More
9th July 2020
Police in Miami on Wednesday arrested the former governor of the Mexican state of Chihuahua, Cesar Duarte, who is wanted on corruption charges in his homeland, U.S. and Mexican officials said. Duarte, who governed the northern border state from 2010 to 2016, has been accused by Mexican authorities of misappropriating… Read More
9th July 2020
The Justice Department is examining whether scandal-plagued German payment company Wirecard AG played a critical role in an alleged $100 million bank-fraud conspiracy connected to an online marijuana marketplace, according to people familiar with the investigation. Two businessmen have already been charged in the alleged fraud, accused of… Read More
9th July 2020
A Dutch court on Wednesday said it wanted to question the Dutch bank ING and its former chief executive Ralph Hamers, now heading for UBS, to determine whether to reopen a case that led to ING being fined for lax prevention of money laundering. ING, the largest bank in the… Read More
9th July 2020
The United States government has gained custody of a Nigerian man who could have been behind the multi-million cyberattack on Bank of Valletta in February 2019. The FBI’s criminal complaint says that Ramoni Igbalode Abbas aka “Hushpuppi”, who amassed 2.4 million followers on Instagram flaunting luxury cars, designer clothing,… Read More
9th July 2020
Global Witness and the Platform to Protect Whistleblowers in Africa (PPLAAF) said they condemn a criminal complaint filed against them in France by Afriland First Bank, a Cameroonian financial institution named in the Undermining Sanctions investigation. “For two of the principal subjects of our report to threaten or file… Read More
9th July 2020
Last week Italian law enforcement agents carried out what they said was the world’s largest ever drugs bust of amphetamines. A video from the Guardia di Finanza, a financial crime and smuggling investigations unit attached to the Ministry of Economy and Finance, shows officers using circular saws to cut… Read More
9th July 2020
When Deutsche Bank AG sought out Jeffrey Epstein as a client, he was a convicted Florida sex offender with a publicized taste for young eastern European women. The bank helped him send millions of dollars to his alleged co-conspirators. It handled transfers to women with Russian bank accounts. And… Read More
8th July 2020
By Anastasia Austin, InSight Crime, 7 July 2020 InSight Crime – A criminal group in Argentina has found a novel target for extortion: black market currency dealers who are moving large amounts of cash to dollar-hungry Argentines in an economy hit hard by the pandemic. Known as “cuevas,” or… Read More