5th July 2019
Lenders in the DR Congo will move to tackle money laundering at the request of the United States, which has expressed support for new president Felix Tshisekedi, the mineral-rich country’s banking association said. The US Treasury and State Department had asked Congolese banks to put measures in place against sanctions-busting,… Read More
5th July 2019
The former governor of Rio de Janeiro state said in court testimony on Thursday that he paid $2 million to buy votes to ensure the sprawling Brazilian seaside city would be chosen to host the 2016 Olympic Games. Sergio Cabral told a judge the money went to Lamine Diack, the… Read More
5th July 2019
The British Virgin Islands is home to more than 400,000 companies that hold $1.5 trillion in assets. You wouldn’t know it if you walked through Road Town, the capital of this Caribbean archipelago. Hens and roosters compete brazenly… Read More
4th July 2019
German prosecutors are escalating a money laundering inquiry involving Deutsche Bank (DBKGn.DE), including planned raids on wealthy former clients, a person with direct knowledge of the matter told Reuters. Frankfurt’s state prosecutors will in the coming months search the homes of people who it suspects of using a… Read More
4th July 2019
AP — María Victoria Guarín was a key adviser on Colombia’s biggest-ever transportation project: a 1,000-kilometer (620-mile) highway across mountainous terrain connecting the capital to busy Caribbean ports. As an investment officer for a World Bank unit, it was her job to help the government set the terms for competitive… Read More
4th July 2019
Hong Kong’s financial regulator has banned former Goldman Sachs (GS.N) banker Tim Leissner from re-entering the industry for life for his crimes linked to the multi-billion-dollar scandal at the Malaysian state investment fund 1MDB. The sanction is latest for Leissner who has already been barred from the banking… Read More
4th July 2019
AP — The United States hit Cuba’s state-run oil shipping firm Cubametales with financial sanctions on Wednesday, saying it’s a key player propping up Venezuela’s President Nicolás Maduro. “Maduro is clinging to Cuba to stay in power, buying military and intelligence operatives in exchange for oil,” U.S. Treasury Secretary… Read More
4th July 2019
Fraud squad detectives have arrested a member of a gang which has made millions from ripping off customers of Airbnb and other accommodation providers. In dawn raids yesterday, they arrested the man whose gang is suspected of laundering more than €1.5m in 90 separate bank accounts across the country. It… Read More
4th July 2019
Pakistani authorities announced a crackdown on Wednesday against Hafiz Saeed, leader of the group blamed for deadly attacks on Mumbai in 2008, amid growing international pressure to act against militant groups. Pakistan’s counter-terrorism department said it had launched 23 cases against Saeed and 12 aides for using five trusts to… Read More
4th July 2019
A U.S. judge on Wednesday rejected Joaquin “El Chapo” Guzman’s bid for a new trial, finding that misconduct by jurors during the Mexican crime lord’s drug trafficking case was not a reason to overturn their guilty verdict. Guzman sought a new trial in March after Vice News published an interview… Read More