14th January 2021
Two Iranian nationals living in Ontario have been arrested for allegedly conspiring to export products to Iran in violation of sanctions, the U.S. Justice Department said Tuesday. Ameni Yousefi Jam, 33, was arrested in Canada and was scheduled to appear in court in Toronto on Wednesday for extradition proceedings. Meanwhile,… Read More
13th January 2021
Commerzbank warned Germany’s financial watchdog in early 2020 of money laundering risks at Wirecard following the conclusion of an interview review launched the previous year, the Financial Times reported Tuesday. The review, which had been launched by the German lender in the wake of media reports… Read More
13th January 2021
Financial intelligence units (FIUs) must ramp up their efforts to combat wildlife crime through partnerships with supervisory bodies and law enforcement agencies, the Egmont Group said in report published Tuesday. The report calls on the group’s member-states to include wildlife crime in their national risk assessments, analyse suspicious transaction reports… Read More
13th January 2021
The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, two sources said on Tuesday. “We… Read More
13th January 2021
Australian banks continued to punch above their weight in 2020, racking up the second-highest total of fines from regulators by value after the United States. A survey of fines handed out to banks over the 12 months has placed US banks at the top of the pile for infringements, accounting… Read More
13th January 2021
The last-minute trade deal between the U.K. and European Union has helped stave off a potentially turbulent disruption in key law enforcement and security priorities between the two sides. The U.K.’s departure from the EU means the country has lost access to certain law enforcement tools… Read More
13th January 2021
Deutsche Bank AG and Signature Bank, two of Donald Trump’s favored lenders, are pulling away from the billionaire president in the wake of last week’s deadly riot at the U.S. Capitol. The German lender has decided not to conduct any further business with Trump and his… Read More
13th January 2021
Latvia’s State Police have arrested property and finances worth EUR 4.5 million in a criminal process regarding money laundering disguised as flower business, Latvian State Police report. In 2019 State Police Economic Crimes Enforcement Unit’s officials uncovered an organized group the members of which had been engaged in large-scale money… Read More
13th January 2021
Within the span of a week, cocaine was discovered in two separate maritime cargo containers bound for Libya, a strong indication that both the North African country and the broader region are becoming increasingly used cocaine transit routes to Europe and the Middle East. In December, customs inspectors in Malta… Read More
13th January 2021
A Turkish Islamic televangelist was sentenced to 1,075 years in jail on Monday for running a decades-old cult whose members were accused of crimes ranging from sexual assault to blackmail, money laundering and even espionage. Adnan Oktar, who wrote books on Islamic creationism under the pseudonym Harun Yahya, was put… Read More