3rd March 2019
India’s financial crime fighting agency said on Friday it was conducting searches on properties of former ICICI Bank CEO Chanda Kochhar and a top executive of Videocon group, amid probes into suspected conflict of interest and misconduct. Searches, under prevention of money laundering laws, were being conducted in Mumbai and… Read More
3rd March 2019
Hermitage Capital’s founder Bill Browder said on Friday he plans to file criminal complaints with several authorities, including in Sweden, over Swedbank’s alleged link to a Baltic money laundering scandal involving Danske Bank. Browder, once the biggest foreign money manager in Russia and who now campaigns to expose corruption, has… Read More
28th February 2019
UK law enforcement officials are seeking court orders to freeze 95 bank accounts mostly held by overseas students as part of an investigation into money laundering by organized crime groups. The multi-agency effort, led by the newly created National Economic Crime Centre (NECC), is targeting £3.6 million believed to be… Read More
28th February 2019
Israel’s attorney-general announced on Thursday he intends to indict Prime Minister Benjamin Netanyahu on corruption charges, a decision coming just six weeks before a closely contested national election. It was the first time a serving Israeli prime minister has been put on official notice of planned prosecution, and deepened uncertainty… Read More
28th February 2019
The U.S. embassy in Sweden has asked the country’s financial watchdog FI for a meeting to discuss allegations about Swedbank’s involvement in a Baltic money-laundering scandal. The move raises questions whether the U.S. authorities will seek to investigate Swedbank. A FI spokesman said on Thursday it had received a letter… 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
28th February 2019
The United Kingdom’s sanctions enforcer levied a £5,000 monetary penalty against London-based Raphaels Bank, marking the first time the agency has imposed a fine since its creation in 2016. The Office of Financial Sanctions Implementation (OFSI) imposed the penalty for an unspecified violation of an Egyptian asset freezing order involving a £200… Read More
27th February 2019
AP – Montenegro has issued an international arrest warrant for a fugitive banker who is a former close ally-turned-foe of long-serving President Milo Djukanovic. Police said Wednesday an Interpol warrant has been issued for Dusko Knezevic, who is in London, according to local media, after fleeing Montenegro to avoid… Read More
27th February 2019
The European Banking Authority will take a stronger approach over time to fighting money laundering in the economic bloc, according to the man nominated to chair the organization for the next five years. Speaking to lawmakers on the Committee on Economic and Monetary Affairs, Jose Manuel Campa said Tuesday that… Read More