Enforcement

Reset Filter

Jurisdictions

Industry Sectors

Predicate Crimes

Enforcement

Regulatory Update

Featured Enforcement

What 6AMLD Doesn’t Say About Legal Liabilities

With only a day to go before the deadline for EU member-states to transpose the bloc’s Sixth Anti-Money Laundering Directive (6AMLD), significant questions remain unanswered about how it will be enforced on a national-level. In an apparent response to recent banking scandals, the directive will make the “aiding and… Read More

U.K. Court Freezes Up to $5 Billion Tied to Alleged Kazakhstan Bank Theft

A U.K. civil court froze up to $5 billion in assets including stakes in luxury hotels, cash in bank accounts in half a dozen countries and a Burger King franchise, as part of an international legal saga that ensnared Kazakhstan’s richest businessmen, according to court documents. The Business and Property… Read More

New EU Prosecutor’s Office Takes Aim at 50-Billion-Euro-a-Year ‘Carousel Fraud’ Schemes

By Will Neal, OCCRP, 30 November 2020 OCCRP — OCCRP spoke with the head of the new European Public Prosecutor’s Office about the challenges in fighting the widespread — but often-ignored — criminal scheme. “No one’s interested in value-added tax. It’s just not sexy enough.” There’s an edge of… Read More

1st December 2020

The public knew he was crooked in 2009. Big banks helped him stash millions until 2017.

By Will Fitzgibbon, ICIJ, 30 November 2020 ICIJ — JPMorgan Chase, America’s largest bank, helped move millions of dollars for a New Jersey con man long after he was first accused of ripping off customers looking for good deals on the used cars of their dreams. Many borrowed from… Read More

1st December 2020

Silent victims: the hidden Romanian women exploited in the UK sex trade

Three weeks ago, police entered a brothel in south-east England after receiving intelligence about criminal activity there. Inside, they found eight Romanian women wearing face shields and masks, and laminated Covid-19 health and safety sheets on the wall. An industrial-size bottle of hand sanitiser stood by the front door. “On… Read More

1st December 2020

SBM Offshore Faces Swiss Probe Over Legacy Bribery Allegations

Oil-services firm SBM Offshore NV is facing an investigation by the Swiss government into bribery allegations that the company said it has already paid hundreds of millions of dollars to resolve in three other countries. Amsterdam-based SBM Offshore said Monday that three of its subsidiaries had received notice of… Read More

1st December 2020

We’ve All Been Deceived. There is No War on Drugs.

By Robert Mazur, former U.S. Federal Agent and author of “The Infiltrator” Having been one of the soldiers in the war on drugs for 27 years, I must confess that I, my brothers and sisters on the front lines, the American public and the world’s communities have been deceived. A… Read More

30th November 2020

Deutsche Bank Accounting Head Probed Over EY Wirecard Audit

Deutsche Bank AG’s top accounting executive, Andreas Loetscher, is being investigated over his role as the auditor of Wirecard AG while he was with his former firm, Ernst & Young, two people familiar with the matter said. Germany’s accounting regulator, APAS, is… Read More

30th November 2020

SocGen Ordered to Return $150 Million of Allen Stanford Ponzi Cash

Societe Generale SA was reprimanded by a Swiss court and ordered to give up $150 million deposited by convicted fraudster Allen Stanford that it had fought for nearly a decade to keep. The court ruled that Societe Generale failed to do proper due diligence before accepting Stanford’s money. The… Read More

30th November 2020

Swiss court orders full access to records for Vatican financial investigation

Vatican investigators have been granted full access to Swiss banking documentation related to long-time Vatican investment manager Enrico Crasso. The newly announced decision by a Swiss federal court is the latest development in the ongoing financial scandal surrounding the purchase of a London building by the Secretariat of State in… Read More

27th November 2020

Belarusian Belgazprombank’s Babariko charged with taking bribes, money laundering

Belgazprombank ex-CEO Viktor Babariko has been charged with major bribery and money laundering, Belarusian State Security Committee (KGB) press service announced Tuesday. “The KGB Investigative Directorate has completed the preliminary investigation against the Belgazprombank top management. […] The organizer of the criminal activity, former Belgazprombank CEO Viktor Babariko <…> has… Read More

26th November 2020

JPMorgan Chase Unit to Pay $250 Million Penalty Over Poor Internal Controls

A top banking regulator fined a JPMorgan Chase & Co. unit $250 million over deficiencies in internal controls and internal audit practices. JPMorgan Chase Bank N.A. entered into a resolution with the Office of the Comptroller of the Currency to pay the civil penalty, the company said in a… Read More

26th November 2020

CSIS alleges Iran used Toronto company to wire millions to Canada despite sanctions

A Toronto currency exchange business helped Iran secretly wire millions of dollars into Canada in violation of sanctions, according to a classified intelligence report that calls the financial transfers a threat to national security. A Canadian Security Intelligence Service report obtained by Global News accuses Alireza Onghaei, the investor immigrant… Read More

Must Read

What 6AMLD Doesn’t Say About Legal Liabilities

UK’s Big Four auditors await shake-up as corruption probes add up

U.K. Court Freezes Up to $5 Billion Tied to Alleged Kazakhstan Bank Theft

Wirecard: Gardaí investigate alleged €400m fraud at Irish arm

EU, FATF lists causing correspondent banking problems in Bahamas