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
7th March 2019
AP—Former South Korean President Lee Myung-bak was released from detention Wednesday after a court approved 1 billion won ($885,000) bail nearly a year after his arrest and during the ongoing appeal of his corruption conviction and sentence. An official from the Seoul High Court said Lee was permitted to… Read More
6th March 2019
U.S. lawmakers are seeking to expand the mission of the country’s financial intelligence unit by granting it more authority to fight the financing of domestic terrorism and the misuse of cryptocurrencies. Under proposed legislation, the mission statement of the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) would be amended to… Read More
6th March 2019
AP—Aiming to crack down on money laundering and bribes to overseas governments, the FBI is stepping up its efforts to root out foreign corruption with a new squad of agents based in Miami. The squad will focus its efforts not only on Miami but also in South America, a… Read More
5th March 2019
Australia’s corporate regulator is interviewing top executives at the Commonwealth Bank of Australia as part of an investigation into alleged failure to prevent possible money laundering, the Australian Financial Review (AFR) reported on Tuesday. CBA in 2018 agreed to a civil penalty of A$700 million ($496.23 million) to settle charges… Read More
5th March 2019
AP—Another member of Canadian Prime Minister Justin Trudeau’s Cabinet resigned Monday over a scandal that has shaken the government in an election year. Treasury Board president Jane Philpott, considered a star minister, said in a resignation letter that it was “untenable” for her to continue in the Cabinet because… Read More
4th March 2019
Democratic lawmakers are seeking to question Deutsche Bank and dozens of individuals as part of a sweeping probe into alleged corruption, obstruction of justice and money laundering linked to President Donald Trump. The chairman of the U.S. House Judiciary Committee disclosed plans Sunday to request records from 60 individuals with… Read More
4th March 2019
AP—A spokesman for Latvia’s central bank says the governor, who is also a member of the European Central Bank and is investigated for alleged bribery, has returned to work. Janis Silakalns said Thursday that Ilmars Rimsevics returned to his office on Wednesday, a day after the EU Court of… Read More
4th March 2019
The lawyers for Huawei Chief Financial Officer Meng Wanzhou are suing the Canadian government, its border agency and federal police, alleging their client was detained, searched and interrogated for three hours in violation of her constitutional rights. Canada arrested Meng in Vancouver on Dec. 1 at the request of the… Read More
3rd March 2019
AP—The financial intelligence unit of Mexico’s treasury has frozen $156 million of the state Autonomous University of Hidalgo’s funds while it investigates suspected money laundering, Treasury Secretary Santiago Nieto said Friday. The university received the money through Switzerland from accounts in 22 countries, according to the agency. Mexico’s financial… Read More