About Events Contact

Asset Management

Reset Filter

Jurisdictions

Industry Sectors

Predicate Crimes

Enforcement

Regulatory Update

Featured Asset Management

Mexico to auction Lamborghini, other seized assets to help poor

Mexico’s government will auction a Lamborghini, homes and other assets seized from gangsters and at least one former politician, officials said on Tuesday, part of a “Robin Hood” program to use millions of dollars in ill-gotten gains to aid the poor. The first auction, set for Sunday, will seek bids… Read More

Germany searches banks and homes in nationwide tax evasion raid

Frankfurt public prosecutors said they led a nationwide raid on eight homes and 11 banks on Wednesday as part of an investigation into wealthy individuals suspected of tax evasion. The action was a follow-up on a police raid last November of Deutsche Bank over money laundering allegations linked to the… Read More

It’s the luxuries that give it away. To fight corruption, follow the goods

By Reza Tajaddini, Swinburne University of Technology and Hassan F. Gholipour, Swinburne University of Technology There is disquiet about the French owners of the luxury brands Luis Vuitton, Christian Dior, Givenchy and Gucci giving a whopping €300 million to the rebuilding of Notre Dame Cathedral. Such… Read More

15th May 2019

Citing Rise in Serious Crime, UK Agency Seeks 50 Percent Budget Increase

Facing unprecedented pressure to clamp down on criminal groups, UK law enforcement officials are in need of an additional £2.7 billion in funding over the next three years, the head of the National Crime Agency (NCA) said Monday. The agency is seeking a 54-percent increase in its annual budget, which… Read More

7th May 2019

Malaysia sends ex-Goldman banker to U.S. for 10 months to face 1MDB charges

Malaysia has extradited a former Goldman Sachs banker to the United States for 10 months to face criminal charges linked to a multibillion-dollar scandal at state fund 1MDB, its attorney general said on Monday. Malaysian Roger Ng has been detained in Kuala Lumpur since Nov. 1, after the U.S. Department… Read More

29th April 2019

RBS Probes Coutts and ABN Amro Payments for Russian Money Laundering

The Royal Bank of Scotland (RBS) Group has launched an internal investigation into whether its subsidiary Coutts and Co. and a unit of ABN Amro processed payments linked to a Russian and Lithuanian money laundering scheme. The Edinburgh-based lender disclosed in a quarterly earnings filing Friday that the probe had… Read More

29th April 2019

Thousands take to Hong Kong streets to protest new extradition laws

Tens of thousands of people marched on Hong Kong’s parliament on Sunday to demand the scrapping of proposed extradition rules that would allow people to be sent to mainland China for trial – a move which some fear puts the city’s core freedoms at risk. Opponents of the proposal fear… Read More

29th April 2019

Uptick in Trump white collar prosecutions may ease lawyers’ pain

An uptick in white-collar prosecutions by the Trump administration could bring relief to high-end defense lawyers, who have been searching for work after years of declining federal prosecutions. Many white-collar lawyers have been fretting about their caseloads since the Trump administration took charge of the U.S. Department of Justice, worrying… Read More

17th April 2019

‘Robin Hood’ Mexican president says to return stolen wealth to the people

Mexican President Andres Manuel Lopez Obrador said on Monday he will create a “Robin Hood” institute to return to the people the ill-gotten wealth seized from corrupt politicians and gangsters. His administration is drawing up a bill to create an independent “Robin Hood” institute “against the corrupt” that would put… Read More

16th April 2019

UK Launches 5AMLD Consultation with Eye on Post-Brexit Era

The United Kingdom is seeking input on its planned implementation of the European Union’s fifth anti-money laundering directive (5AMLD) as the government continues to negotiate an exit from the economic bloc. In a consultation paper published Monday, HM Treasury said it would seek stakeholder commentary on the directive through… Read More

16th April 2019

Affidavit details fraud case of man linked to Russian agent

AP — Newly unsealed documents in the fraud case of a South Dakota man linked to an admitted Russian covert agent show he obtained at least $2.3 million from 78 people for bogus investments dating to at least 1997. Paul Erickson has pleaded not guilty to 11 counts of wire… Read More

15th April 2019

Council of Europe Urges Swift Action on Money Laundering, Citing Baltics and UK

European lawmakers are urging financial institutions and governments to address dozens of legal and supervisory shortcomings they say contributed to the proliferation of massive money laundering schemes in recent years. In a resolution adopted Thursday, the Council of Europe’s Parliamentary Assembly said that recent money laundering schemes linked to… Read More

9th April 2019

FATF to Adopt Presidential Term Extensions, Weigh Mandate Revisions

The Financial Action Task Force is expected this month to lengthen the terms of its presidential and vice-presidential tenures and consider revisions to its mandate, the organization said in a report Monday. The Paris-based intergovernmental group, known as FATF, is set to approve a proposed “enhancement” of its rotating presidencies… Read More

Must Read

German regulator orders online bank N26 to step up controls against money laundering

Judge refuses to block Trump bank subpoenas

U.S. readies sanctions, charges over Venezuela food program: sources

Top banking officials in China’s Tianjin warned against corruption

Pakistan should focus on ‘hawala’ transfers to stem corrupt fund flows: report