11th January 2021
The 45-year-old was detained on suspicion of being involved in a criminal organisation and money laundering. A man has been arrested after gardai found more than one million euro in cash when stopping a van in Co Kildare. The 45-year-old was detained on suspicion of being involved in a criminal… Read More
11th January 2021
Beny Steinmetz goes on trial facing bribery charges in Geneva on Monday in the latest chapter of a legal saga that’s dogged the Israeli businessman’s gamble on a multi-billion-dollar mine. Steinmetz and two businesspeople are accused of paying the wife of Guinea’s deceased former president Lansana Conte $8.5 million to… Read More
8th January 2021
A money transfer company has been fined a record £23.8 million by the taxman for breaches of money laundering regulations. The penalty was imposed on MT Global, based in Luton, which claims to offer a financial service across 97 countries and operate to the “highest degree of ethical standards”. Read More
8th January 2021
The Australian government’s financial intelligence agency is reviewing its data after questions were raised about its report that $US1.8 billion ($2.3 billion) were transferred from the Vatican to Australia over six years. The agency, AUSTRAC, said it was working with the Vatican to get to the bottom of the… Read More
8th January 2021
Danish prosecutors said on Thursday they had dropped charges against six former Danske Bank employees as part of an investigation into the bank’s involvement in one of the world’s biggest money laundering scandals. Danske Bank is under investigation in several countries, including the United States, over some 200 billion euros… Read More
8th January 2021
U.K. police seized a Porsche Cayenne and a luxury penthouse apartment from a convicted murderer as part of its push to crack down on dirty money. The assets, with a combined value of more than 800,000 pounds ($1.08 million), belonged to Mohammed Nisar “Meggy” Khan, the National Crime Agency said… Read More
8th January 2021
Organised crime gangs are exploiting lax property and benefits rules to bank large sums of taxpayers’ money, says the head of Britain’s second biggest police force. Chief Constable Sir David Thompson, head of West Midlands Police, said criminals were laundering their dirty money into property that they rented out… Read More
8th January 2021
Indonesia’s anti-money laundering agency has temporarily frozen bank accounts belonging to the recently outlawed Islam Defenders Front (FPI) and its affiliated groups on suspicion of money laundering. Financial Transaction Reports and Analysis Centre (PPATK) public affairs unit head Natsir Kongah said on Tuesday (Jan 6) that the move was in… Read More
8th January 2021
Pensions and investments scammers are using online advertising to bombard people on an industrial scale, a committee of MPs has heard. Mark Steward, executive director of enforcement and market oversight at the Financial Conduct Authority (FCA) told the Work and Pensions Committee that criminals no longer need to produce glossy… Read More
8th January 2021
The US antiquities trade is going to face far stricter oversight in 2021 than it has in the past. On January 1, the Senate overrode President Trump’s veto of the National Defense Authorization Act for 2021, a bill that includes a new law requiring antiquities dealers to comply with the… Read More