Featured Criminal Investigations

Nordea’s Danish headquarters searched as part of money laundering investigation

The Danish headquarters of Nordea was searched last week by Denmark’s state prosecutor in relation to a money-laundering investigation into the bank, a Nordea spokesman told Reuters. The Danish prosecutor has been investigating the Nordic region’s biggest lender in relation to money laundering risks since June 2016. Nordea took a… Read More

Banks face new challenges in Italian diamond scandal

A long-running criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy’s largest lender, and smaller rival Banco BPM. The allegations, some previously unreported, are laid out in documents used by prosecutors when they sought a magistrate’s… Read More

Swedbank suspends CEO, CFO of Estonian unit

Swedbank said on Monday it had suspended the CEO and CFO of its Estonian business with immediate effect following an investigation into compliance with money-laundering rules at the bank. Sweden’s oldest bank has gone through a turbulent period since being linked to money laundering at Danske Bank, which has said… Read More
17th June 2019
Two individuals accused of playing prominent roles in the sprawling 1Malaysia Development Bhd. scandal have been convicted of financial crimes in Abu Dhabi, The Wall Street Journal reported Sunday. The Abu Dhabi Criminal Court sentenced Khadem al Qubaisi, a United Arab Emirates citizen who previously headed the International Petroleum Investment Company… Read More
17th June 2019
India detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating a fraud at a financial company, leading it to seek a five-year ban on the auditors, according to government legal filings seen by Reuters. The failures were detected as part… Read More
17th June 2019
Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions. One tycoon, who considers himself potentially politically… Read More
17th June 2019
Sudan’s ex-president Omar al-Bashir was charged with corruption-related offences on Sunday, as he appeared in public for the first time since he was overthrown and detained in April. Looking much the same as prior to his removal by the military, he was driven to the prosecutor’s office in Khartoum. He… Read More
17th June 2019
Estonian police said they held three employees of local bank Tallinna Aripank for questioning this week for 48 hours as part of an investigation into suspected money laundering and bribery. Estonia’s bank system has been in the spotlight after Denmark’s largest lender, Danske Bank, said last year more than 200… Read More
17th June 2019
AP — Pakistan’s anti-graft body has arrested the sister of former president Asif Ali Zardari in connection with a multi-million-dollar money laundering case following rejection of her bail by a court. Faryal Talpur, also a politician, was taken into custody Thursday by the National Accountability Bureau in Islamabad. The latest… Read More
17th June 2019
The mayor of Nueva Concepcion, a town on the Pacific coast of Guatemala, stands accused by prosecutors of drug trafficking and money laundering for Mexican cartels that use the coastal route to transport cocaine to the United States. Yet Otoniel Lima, who rides around his poor municipality of 130,000 people… Read More
17th June 2019
The government of Canada has agreed to take new steps to fight money laundering, including launching a consultation on corporate transparency requirements and allocating more funding for law enforcement. The measures, announced in Vancouver on Thursday, will direct an additional $10 million CAD for the Royal Canadian Mounted Police… Read More
14th June 2019
Algeria’s supreme court on Thursday remanded ex-prime minister Abdelmalek Sellal in custody over graft allegations, state TV said, in a crackdown on alleged corruption and cronyism among associates of former president Abdelaziz Bouteflika. The court later ordered the detention of former trade minister Amara Benyounes over his alleged involvement in… Read More
13th June 2019
Algeria’s Supreme Court on Wednesday ordered former Prime Minister Ahmed Ouyahia be held in custody after he faced a judge over a corruption investigation, state TV reported, sending some Algerians onto the streets in celebration. The court later also detained former transport and public works minister Abdelghani Zaalane after a… Read More