5th February 2019
The British government has signed an order to extradite Indian liquor and aviation tycoon Vijay Mallya, the UK’s Home Office said in a statement on Monday. The order follows a London court’s ruling in December that Mallya, who moved to Britain in March 2016, be extradited to India to face… Read More
4th February 2019
Businessman and Putin critic Bill Browder has hit out at what he says is the United Kingdom’s reluctance to investigate money laundering. He also alleged that British lawmakers took bribes to prevent probes. Addressing the European Parliament this week, Browder said: “Some people are benefiting from this flow of money… Read More
4th February 2019
Denmark’s top lender Danske Bank has been named the winner of the 2019 Corrupt Actor of the Year over its €200 billion money laundering affair exposed in 2018, and which was considered to the biggest scandal in Europe. Details of the stunning banking scandal were made bare in… Read More
1st February 2019
Danish and Estonian financial regulators are blaming each other for the Danske Bank money laundering scandal, which has highlighted the need for better cross-border surveillance. Denmark’s largest lender is being investigated in Denmark, Estonia, Britain and the United States over 200 billion euros ($229 billion) of suspicious payments through its… Read More
1st February 2019
Standard Chartered has landed in trouble with US authorities after it was found to have failed to effectively supervise its forex (fx) business and ensure compliance with laws. On Tuesday, the New York Department of Financial Services (DFS) said it has fined the bank $40 million for attempting to rig… Read More
31st January 2019
A Louis Vuitton sales assistant at Selfridges, Manchester, has been jailed for two years and six months over her role in a scheme which involved using the stolen details of unsuspecting customers to make fake VAT claims and cash in on the refunds. The Salford-based woman copied the passport details… Read More
31st January 2019
Bangladesh will file a lawsuit in a U.S. court on Wednesday against Philippine bank Rizal Commercial Banking Corp (RCBC) over its role in one of the world’s biggest cyber-heists, the Bangladesh central bank governor said. In February 2016, unknown criminals used fraudulent orders on the SWIFT payments system to steal… Read More
31st January 2019
AP – Police in Massachusetts are looking for a woman they say intended to rob a bank but got cold feet and left without a penny. Fall River police tell the Herald News the woman walked into the Fall River Municipal Credit Union on Monday afternoon… Read More
31st January 2019
A US court has ordered the owner of a company that ran a billion-dollar Ponzi scheme to pay a $100 million penalty and disgorge about $19 million in ill-gotten gains. The company and its 281 related firms were also ordered to pay $892 million in disgorgement. According to the… Read More
30th January 2019
Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace released on Tuesday. Of the $1.7 billion, the report, which looks at criminal activity in the digital currency market, said $950… Read More