Featured Criminal Investigations

UK looks into 140 unexplained wealth orders, many linked to Russians

The United Kingdom’s National Crime Agency (NCA) has considered up to 140 unexplained wealth orders (UWOs) to date, according to an official. UWOs require individuals to explain how they obtained an asset where it is suspect that their income would be insufficient to obtain it. So far the agency has… Read More

‘It’s harder to get UK to investigate money laundering than to enter Harvard’ – Browder

Businessman and Putin critic Bill Browder has hit out at what he says is the United Kingdom’s reluctance to investigate money laundering. He also alleged that British lawmakers took bribes to prevent probes. Addressing the European Parliament this week, Browder said: “Some people are benefiting from this flow of money… Read More

Malaysia probing audit firms’ conduct in 1MDB scandal

Malaysia’s securities regulator said on Saturday it was looking into the conduct of auditors of 1Malaysia Development Bhd (1MDB), a state fund that was wound up after losing billions of dollars in a scandal that erupted under the country’s previous government. “The Securities Commission’s review of the conduct of… Read More
24th January 2019
The U.S. Federal Reserve is investigating Deutsche Bank’s role in a money laundering scheme that has embroiled both it and Denmark’s Danske Bank, Bloomberg reported on Wednesday. Bloomberg, citing unnamed people familiar with the matter, said that the Fed’s investigation was at an early stage. – By Tom Sims and… Read More
21st January 2019
French authorities are considering launching an investigation into scandal-hit Danske Bank over violating anti-money laundering rules involving transactions worth millions of euros. In recent days, the French Tribunal de Grande Instance de Paris Court issued Danske with a letter summoning it to an interview to discuss matters relating to an… Read More
12th December 2018
AP — Five people in President Donald Trump’s orbit have pleaded guilty to federal charges. Prosecutors in Washington and New York are investigating whether the Trump campaign coordinated with the Kremlin in the 2016 election and whether Trump directed an illegal hush-money scheme to silence women… Read More
11th December 2018
Frankfurt prosecutors have launched a probe against a former anti-money laundering official of Deutsche Bank on suspicion of money laundering, German public broadcaster Hessischer Rundfunk reported on Monday. The public prosecutor is accusing the former official of failing to report suspicious transactions, despite sufficient indications of money laundering, Hessischer Rundfunk… Read More
4th December 2018
Members of the European Parliament have called for an inquiry to examine various aspects of the cum-ex multi-billion euro tax fraud scheme, which has hit Germany and possibly several other European countries. The lawmakers want the probe to establish the ‘real actors’ behind the scam, whether there were breaches of… Read More
4th December 2018
A former owner of Banco Peravia bank in the Dominican Republic has been sentenced to three years in prison for his role in a billion-dollar money laundering scheme involving currency exchange. Gabriel Arturo Jimenez Aray (Jimenez), 50, a Venezuelan citizen residing in the US, and former owner of Banco Peravia… Read More
30th November 2018
Police officers in Frankfurt raided the offices of Deutsche Bank regarding a Panama Papers investigation, which is believed to involve facilitating money laundering in tax havens. Deutsche Bank confirmed raids occurred on Thursday morning, saying in a statement: “We confirm that the police are currently conducting an investigation at… Read More
27th November 2018
Authorities have frozen a number of assets linked to a Belgian criminal who used a Spanish restaurant to launder illicit proceeds and then invest the money in real estate. The man, who was part of an organised crime group, had been wanted by Belgian police after allegedly committing over… Read More
20th November 2018
Top Western banks are alleged to have processed the bulk of the $234 billion tranche of suspicious transactions central to Danske Bank’s money laundering affair, which has stirred much controversy in the European banking world. On Monday, whistleblower and former Danske Bank employee Howard Wilkinson told Danish lawmakers that a… Read More
12th November 2018
Eighteen managers of Swiss private bank PKB Privatbank SA Lugano are under investigation in Italy for fiscal fraud and money laundering, Milan’s Chief Prosecutor Francesco Greco said on Wednesday. The managers under investigation are mostly resident in Italy, where PKB owns Cassa Lombarda, Greco said. Tax police had searched… Read More