22nd March 2021
Ukrainian authorities have opened an investigation into current and former central bank officials suspected of embezzlement, the Prosecutor General’s office said on Friday. Its statement came after the Kyiv Post newspaper and other local media reported that a top central bank official was being investigated for treason and embezzlement in… Read More
22nd March 2021
AP — Mexico’s agency for curbing money laundering said Friday the governor of the northern border state of Tamaulipas owns a large number of luxury properties that it says don’t match the income from his government jobs over the last 20 years. The Financial Intelligence Unit said… Read More
22nd March 2021
The financial intelligence regulator has defended taking no action against nine Australian banks that unwittingly laundered drug cartel money, saying their co-operation with law enforcement was vital to disrupting the network and other similar ones. AUSTRAC faced questioning at a parliamentary hearing on Friday about its methods and capabilities before… Read More
19th March 2021
The U.K.’s major economic crimes agency on Thursday said it had closed a bribery-related probe into subsidiaries of U.S. engineering firm KBR Inc. Evidence collected during the nearly four-year investigation didn’t meet standards for pursuing a prosecution against U.K. subsidiaries of the Houston-based company, the U.K. Serious Fraud Office… Read More
19th March 2021
The Financial and Capital Market Commission (FCMC) has imposed a fine of EUR 57,217 on ABLV Asset Management for breaches of anti-money laundering and counter-terrorism and proliferation financing (AML/CTPF) laws, the regulator informed LETA. The FCMC and ABLV Asset Management, have entered into an administrative agreement, imposing a fine of… Read More
19th March 2021
A court in Cape Verde granted a U.S. request to extradite Alex Saab, a Colombian businessman close to Venezuelan President Nicolas Maduro. The ruling comes two days after a regional court in Nigeria ordered the authorities in Cape Verde, an Atlantic Ocean island nation, to free Saab and halt extradition… Read More
18th March 2021
An Italian court acquitted oil companies Royal Dutch Shell PLC and Eni SpA, along with the latter’s chief executive, of bribery in connection with oil-drilling rights in Nigeria, ending a three-year trial that had shone a spotlight on the energy industry’s operations in Africa. Shell, Eni and individuals… Read More
18th March 2021
It would have looked unremarkable to a passer-by: A man carrying a holdall, walking into a building on an industrial estate. It was anything but. The bag was stuffed with more than £250,000 in cash. And the man carrying it was among a procession of couriers who ensured up to… Read More
18th March 2021
It will be years before Danske Bank A/S is fully rehabilitated from the shock of one of Europe’s most spectacular money-laundering scandals, according to its chairman, Karsten Dybvad. Since admitting in late 2018 that a large part of the 200 billion euros ($238 billion) in non-resident cash that flowed… Read More
18th March 2021
A small credit union in Michigan was recently penalized in what’s thought to be the first example of U.S. regulators publicly calling out a financial institution for compliance failures involving the cannabis industry. Under the enforcement action, Live Life Federal Credit Union must stop opening new marijuana-related accounts, and it… Read More