3rd May 2019
A $1.7 million diamond jewelry set, allegedly bought for the mother of fugitive Malaysian financier Low Taek Jho, will be handed over to the U.S. government, U.S. prosecutors said in a court filing. Low, known as Jho Low, has been charged in Malaysia and the United States for his role… Read More
29th April 2019
Criminal proceedings against a money laundering reporting officer were withdrawn in the Royal Court after a 16-month long investigation. Michael Still, who works for Investec Bank, had denied a charge of money laundering and an alternative of failing to make a required disclosure as soon as possible while the nominated… Read More
29th April 2019
An uptick in white-collar prosecutions by the Trump administration could bring relief to high-end defense lawyers, who have been searching for work after years of declining federal prosecutions. Many white-collar lawyers have been fretting about their caseloads since the Trump administration took charge of the U.S. Department of Justice, worrying… Read More
22nd April 2019
An appeals court has overturned a conviction of exiled Congolese opposition leader Moise Katumbi for real estate fraud, ruling that the trial court had been pressured by former President Joseph Kabila’s government, Katumbi’s lawyer said on Friday. Katumbi, the former governor of Democratic Republic of Congo’s copper-mining Katanga region, was… Read More
18th April 2019
The U.S. Attorney’s Office said it has agreed not to prosecute one of the country’s biggest gold refineries, Republic Metals Corporation (RMC), after an investigation into possible money laundering. The probe is part of a broader crackdown by U.S. authorities on imports of gold from South American countries such as… Read More
16th April 2019
UBS shareholders should oppose discharging the board and top management of Switzerland’s biggest bank from liability after a guilty verdict in a French tax evasion case, proxy adviser Institutional Shareholder Services (ISS) said. “A vote against the formal discharge of the board of directors and senior management is warranted on… Read More
9th April 2019
London-based Standard Chartered is expected to pay slightly more than $1 billion to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K. probe, according to a person familiar with the matter. Authorities are aiming… Read More
8th April 2019
A Tijuana man pleaded guilty to using his currency exchange houses to launder $13 million in drug trafficking proceeds for the Sinaloa cartel, the US Justice Department said. From April 2013 through November 2015, Cesar Hernandez-Martinez managed and supervised an “extensive” international money laundering operation that knowingly accepted and transferred… Read More
8th April 2019
AP — A top Croatian court has increased to six years the corruption sentence against former Prime Minister Ivo Sanader and ordered his immediate imprisonment. Sanader was transferred to a Zagreb prison on Thursday evening after the court upheld prosecutors’ appeal of the 2017 sentence of four and one-half years in… Read More
4th April 2019
Britain’s Serious Fraud Office will soon outline procedures for corporations that choose to waive their client-attorney privileges when voluntarily disclosing illicit activity, the head of the agency said Wednesday. Speaking at the Royal United Services Institute in London, SFO Director Lisa Osofsky called on companies to work more closely with… Read More