17th June 2019
AP — Pakistan’s anti-graft body has arrested the sister of former president Asif Ali Zardari in connection with a multi-million-dollar money laundering case following rejection of her bail by a court. Faryal Talpur, also a politician, was taken into custody Thursday by the National Accountability Bureau in Islamabad. The latest… Read More
17th June 2019
The mayor of Nueva Concepcion, a town on the Pacific coast of Guatemala, stands accused by prosecutors of drug trafficking and money laundering for Mexican cartels that use the coastal route to transport cocaine to the United States. Yet Otoniel Lima, who rides around his poor municipality of 130,000 people… Read More
17th June 2019
Europe’s Baltic states are at risk from further Russian money laundering, a top European police official said after several big banks were hit by scandals centred on the region. Pedro Felicio, who is responsible for fighting money laundering at European police agency Europol, told Reuters that “huge inflows of criminal… Read More
17th June 2019
The government of Canada has agreed to take new steps to fight money laundering, including launching a consultation on corporate transparency requirements and allocating more funding for law enforcement. The measures, announced in Vancouver on Thursday, will direct an additional $10 million CAD for the Royal Canadian Mounted Police… Read More
14th June 2019
Two online gaming companies will pay a combined £2.8 million for anti-money laundering (AML) compliance lapses related to client bets made with ill-gotten gains, the UK Gambling Commission said. The fines against Osaka-based Platinum Gaming Ltd and London-based Gamesys Ltd follow a combined £4.5 million in monetary outlays ordered… Read More
14th June 2019
Senior politicians have lambasted Britain’s financial watchdog for failing to take action against RBS or its former executives for past mistreatment of small business customers. The Financial Conduct Authority (FCA) said it was sticking by its decision not to apply penalties for actions of RBS’s former turnaround unit, the Global… Read More
14th June 2019
Algeria’s supreme court on Thursday remanded ex-prime minister Abdelmalek Sellal in custody over graft allegations, state TV said, in a crackdown on alleged corruption and cronyism among associates of former president Abdelaziz Bouteflika. The court later ordered the detention of former trade minister Amara Benyounes over his alleged involvement in… Read More
14th June 2019
Members of a drug trafficking group that laundered their illicit proceeds in banks throughout England are facing prison sentences following convictions announced Wednesday by the UK National Crime Agency (NCA). The group made millions of pounds selling heroin, cocaine and ketamine across the country and laundered the cash through… Read More
14th June 2019
Western Union Financial Services, Inc. has agreed to pay the US Treasury Department’s sanctions arm $401,697 for processing thousands of transactions over a 4-year period on behalf of a subagent that had been blacklisted for links to terrorism. The Colorado-based money services business began working with Gambia-based subagent Kairaba Shopping… Read More
13th June 2019
Algeria’s Supreme Court on Wednesday ordered former Prime Minister Ahmed Ouyahia be held in custody after he faced a judge over a corruption investigation, state TV reported, sending some Algerians onto the streets in celebration. The court later also detained former transport and public works minister Abdelghani Zaalane after a… Read More