27th March 2019
AP — Defense attorneys asked a federal judge Tuesday to grant a new trial to the Mexican drug lord known as El Chapo, saying jurors improperly followed media coverage of the sensational drug conspiracy case. Joaquin Guzman’s defense team said in court filings that jurors repeatedly disregarded instructions to avoid… Read More
26th March 2019
Indian tax authorities are hoping for a windfall with the auction on Tuesday of rare oil paintings that were once part of fugitive billionaire jeweler Nirav Modi’s collection and have been seized by the government. Auctioneers say the sale is the first of its kind in a country where tax… Read More
26th March 2019
Special Counsel Robert Mueller’s conclusion that U.S. President Donald Trump’s campaign did not collude with Russia in the 2016 election is a serious blow to Democrats who had hoped Mueller’s report would boost their own wide-ranging probes into Trump’s business dealings. Democrats promptly called for the release of Mueller’s full… Read More
26th March 2019
Recent headlines on “money laundering scandals,” “laundromats” or [INSERT SENSATIONAL NICKNAME HERE] have gotten the attention of policymakers, governments and banks in such a way that it might like seem like the underlying criminality is a new phenomenon. But none of it should be surprising to those tasked with fighting… Read More
22nd March 2019
On January 9th, US Rep. Stephen Lynch (D-MA) introduced H.R. 389, a measure that would “authorize the Secretary of the Treasury to pay rewards under an asset recovery rewards program to help identify and recover stolen assets linked to foreign government corruption and the proceeds of such corruption hidden… Read More
11th March 2019
The former chief executive officer of Tanzania’s Bank M was charged with fraud and money laundering on Thursday, two months after the central bank revoked the bank’s licence. Sanjeev Kumar, who denied the charges at a court in the commercial capital Dar es Salaam, was sent to a remand prison… Read More
8th March 2019
The United States on Thursday levied an $850 million monetary penalty against a Russian telecommunications company and its Uzbek subsidiary, marking the largest-ever settlement of a U.S. anti-foreign bribery law. As part of a deferred prosecution agreement (DPA) with the U.S. Justice Department, Moscow-based Mobile Telesystems PJSC (MTS) consented to… Read More
8th March 2019
The recent trial of Mexican drug lord Joaquin “El Chapo” Guzman has reignited U.S. law enforcement officials’ concerns about the use of prepaid cards to launder proceeds of crime. The purported abuse of prepaid cards by Guzman’s organization to move drug proceeds out of the United States, as depicted in… Read More
28th February 2019
AP — The founder of a purported cryptocurrency company has been charged with cheating investors out of millions of dollars by selling fake virtual money he falsely claimed was backed by gold. Federal prosecutors in Massachusetts say My Big Coin Pay Inc. founder Randall Crater of East Hampton, New… Read More
28th February 2019
A former U.S.-based oil trader sought in Brazil over a multimillion-dollar bribery scheme involving commodities traders Vitol, Glencore and Trafigura has agreed to plead guilty to conspiracy to commit money-laundering in the United States, court records show. The plea is part of a cooperation agreement by a key figure in… Read More