4th September 2019
A money launderer who claimed he had won the lottery 123 times has been forced to pay back almost half a million pounds after the National Crime Agency (NCA) hired an expert statistician to help prove he was lying. Kashaf Ali Khan, 45, of Prospect Lane, Solihull, bought a house in the… Read More
3rd September 2019
A former Goldman Sachs banker who helped a corrupt Nigerian politician hide a fortune in offshore accounts has been ordered to pay back £7.3m or face 10 years more in jail. Ellias Preko, 60, used his ‘gold-plated credentials’ to launder at least £3m plundered by James Ibori, the former governor… Read More
3rd September 2019
Convicted money launderers in the UK are facing longer prison terms following revisions to the jurisdiction’s sentencing guidelines in 2014, the Financial Times reported Sunday. The average prison sentence for money-laundering offences rose to 27 months in 2018, marking a 32-percent increase from the average in December 2008 and a… Read More
29th August 2019
A former executive at HSBC Holdings Plc’s Swiss private bank was cleared in a probe where his boss pleaded guilty to helping wealthy clients hide assets worth at least 1.6 billion euros ($1.8… Read More
27th August 2019
A Brazilian Supreme Court justice believes jailed ex-President Luiz Inacio Lula da Silva deserves a retrial after leaked social media conversations appeared to show the judge hearing Brazil’s largest-ever corruption case collaborated with prosecutors. Justice Gilmar Mendes said in an interview with Reuters that the so-called Car Wash investigation was… 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
A Honduran court convicted the wife of former President Porfirio Lobo on graft charges, including siphoning funds from programs designed to help poor children, a judicial official said on Tuesday. Rosa Elena Bonilla was found guilty of diverting some 18.3 million Honduran lempiras ($779,000) in public funds plus international donations… Read More
16th August 2019
U.S. prosecutors are seeking to sell three luxury homes linked to the stepson of former Malaysian prime minister Najib Razak, court documents showed, in the latest effort to recover money allegedly stolen from Malaysian fund 1MDB. Malaysian and U.S. authorities allege that about $4.5 billion was misappropriated from 1Malaysia Development… Read More
15th August 2019
More than £100m suspected to have been imported to the UK from bribery and corruption overseas has been frozen following a court order obtained by the National Crime Agency. Westminster magistrates’ court granted account freezing orders covering eight bank accounts holding in excess of £100m which is “suspected to have… Read More
13th August 2019
The B.C. government is suing to seize properties in the B.C. Interior that it alleges were linked to a $200-million-plus international stock fraud. In a lawsuit filed in B.C. Supreme Court this month, the B.C. Civil Forfeiture Office alleges a $1.6-million house on Mission Ridge Road in Kelowna and a… Read More