Capital One Fined for Anti-Money-Laundering Deficiencies
18th January 2021
Capital One Fined for Anti-Money-Laundering Deficiencies
The Treasury Department on Friday said it fined Capital One COF Financial Corp. for “willfully failing to implement and maintain” effective anti-money-laundering controls. As part of the settlement, Capital One admitted that it “willfully failed to file thousands of suspicious-activity reports,” according to the Treasury’s Financial… Read More
Netherlands: Organised crime is infiltrating care sector, exploiting vulnerable clients
18th January 2021
Netherlands: Organised crime is infiltrating care sector, exploiting vulnerable clients
Several small care organisations in Twente forced their vulnerable clients – often troubled youngsters or people with psychological or addiction issues – to work on marijuana plantations and even trafficked them for sex, according to a new report published on behalf of the healthcare ministry. The… Read More
US Real Estate Firms Forfeit $50m in Alleged Drug Money
18th January 2021
US Real Estate Firms Forfeit $50m in Alleged Drug Money
By David Klein, OCCRP, 15 January 2021 OCCRP – Three US real estate companies have agreed to turn over more than US$50 million to the federal government to resolve claims they accepted the proceeds of drug trafficking laundered through an underground exchange market. “The Black Market… Read More
SFO drops corruption probe into British American Tobacco but vows to help other law enforcement on case
18th January 2021
SFO drops corruption probe into British American Tobacco but vows to help other law enforcement on case
The Serious Fraud Office today dropped its investigation into allegations of bribery at British American Tobacco’s East African operations but said it would continue assisting other law enforcement in their investigations. A whistleblower who worked for BAT for 13 years had told the BBC’s Panorama programme in 2015: “BAT is… Read More
Japanese ex-minister Takamori Yoshikawa indicted for bribery
18th January 2021
Japanese ex-minister Takamori Yoshikawa indicted for bribery
Former agriculture minister Takamori Yoshikawa was indicted Friday by prosecutors without arrest for alleged bribery charges, after receiving ¥5 million from the former president of Akita Foods, a Hiroshima Prefecture-based egg producer, over several years. Yoshikawa, 70, resigned as a Lower House member in late December over the… Read More
Former Petrofac executive David Lufkin admits to corrupt payments
18th January 2021
Former Petrofac executive David Lufkin admits to corrupt payments
The bribery scandal at Petrofac deepened last night when a former senior executive at the oil services group pleaded guilty to three offences related to $3.3 billion of work that it secured in the United Arab Emirates. The Serious Fraud Office said that David Lufkin had pleaded guilty at… Read More
US sanctions six pro-China officials over Hong Kong arrests
18th January 2021
US sanctions six pro-China officials over Hong Kong arrests
The United States on Friday imposed sanctions on six officials including Hong Kong’s sole representative to China’s top lawmaking body over mass arrests of pro-democracy activists in the financial hub. Secretary of State Mike Pompeo, in the latest in a slew of sanctions imposed in the final days of his… Read More
Trump sanctions Cuba’s interior minister and security agency, ramping up pressure on island
18th January 2021
Trump sanctions Cuba’s interior minister and security agency, ramping up pressure on island
The Trump administration sanctioned Cuba’s interior minister and the agency overseeing the island’s state security apparatus Friday in a final push to punish the island’s government before leaving office. The U.S. Treasury Department accused Brigadier General Lázaro Alberto Álvarez Casas of “serious human rights abuses” in making the designation. Also… Read More
Defense Act Expands Scope of Foreign Bank Records U.S. Authorities Can Obtain
15th January 2021
Defense Act Expands Scope of Foreign Bank Records U.S. Authorities Can Obtain
U.S. authorities have more power to obtain documents from foreign banks with U.S. correspondent accounts under recently passed defense-policy legislation. A provision of the National Defense Authorization Act, approved Jan. 1, allows the U.S. Treasury secretary or attorney general to subpoena records related to any account at a foreign bank… Read More
Alleged RCMP mole accused of selling secrets to kingpin money launderer and terror-financier’s network
15th January 2021
Alleged RCMP mole accused of selling secrets to kingpin money launderer and terror-financier’s network
In October 2014, Canadian intelligence leaders were invited to the U.S. Drug Enforcement Administration’s headquarters in Chantilly, Va. The DEA had a theory: the upper echelons of global money laundering, terrorism, drug-trafficking and organized crime all bleed together. And only a handful of men in this murky world of extremely… Read More
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