12th March 2019
AP — A Muslim civil-rights group says the FBI is letting animal shelters, private investigators and even a Midwestern megachurch have access to its watchlist of suspected terrorists. In court documents unsealed after a court hearing Friday, lawyers for the Council on American-Islamic Relations expressed concern… Read More
12th March 2019
A leading Putin critic has reportedly hit out at the United Kingdom’s attempts to address financial crime and sanctions against the Russian government and oligarchs, saying ‘nothing is happening’ to tackle money laundering. Russian opposition leader Alexei Navalny slammed existing Western sanctions as “chaotic” and urged authorities to refocus to… Read More
12th March 2019
Australia’s anti-money laundering watchdog said on Friday it had suspended license of two cryptocurrency exchanges after a police investigation found the businesses were being exploited for drug trafficking. It was the first such suspension by the Australian Transaction Reports and Analysis Centre, or AUSTRAC, since new legislation in April 2018… Read More
11th March 2019
Sweden’s financial watchdog said on Thursday that it had not been too lenient in dealing with Swedish banks over money laundering though the system to deal with the issue needed to be strengthened in the Nordic country. “We have not been too kind,” Swedish Financial Supervisory Authority Director General Erik… Read More
11th March 2019
AP — Several thousand people have rallied in Moscow to protest legislation they fear could lead to widespread internet censorship for Russian users. The sanctioned rally on Sunday was organized in response to a bill in parliament that would route all internet traffic through servers in Russia, making virtual private… 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
7th March 2019
Bill Browder, an investor who campaigns to expose corruption, has filed a criminal complaint with Swedish authorities over Swedbank’s alleged link to a Baltic money laundering scandal involving Danske Bank. Several European and foreign banks have been dragged into the Danske Bank scandal, which centers on suspicious transactions totaling 200… Read More
7th March 2019
Prosecutors in the Netherlands said on Wednesday they are evaluating signs of Dutch involvement in a money laundering network which is alleged by a report this week to have channelled billions of euros from Russia. Shares in Dutch banks ING and ABN Amro fell after a report by a collective… Read More