20th April 2021
By Besar Likmeta, Edmond Hoxhaj and Perparim Isufi, BIRN, 20 April 2021 BIRN – At first glance, Michigan resident Ylli Didani was a successful businessman with stakes in companies in the United States, Albania and Kosovo, where he enjoyed a business relationship with a former security aide… Read More
20th April 2021
The U.S. House of Representatives passed a bill that would give state-authorized marijuana businesses easier access to banking services. The bill, H.R. 1996, called the SAFE Banking Act, would prohibit federal banking regulators from penalizing banks and other depository institutions for providing banking services to cannabis businesses. It passed… Read More
20th April 2021
Beachfront property owned by China’s political elite. Washington-accused drug lords and gun runners operating blocks apart. Companies enabling North Korea’s purported sanctions-busting fleet. All the above exist in Hong Kong and were exposed, in part, by investigations using Hong Kong’s Companies Registry, a public database that… Read More
19th April 2021
The Biden administration is evaluating the impact of new sanctions on Russia and is prepared to escalate those penalties if the Kremlin fails to rein in hacking attacks and attempts to interfere with the U.S. political process, according to people familiar with the matter. Options available to President Joe Biden… Read More
19th April 2021
Dutch bank ABN Amro on Monday said it had reached a 480-million-euro ($574 million) settlement with prosecutors in the Netherlands over money laundering allegations, which will impact its first-quarter results. ABN Amro said in a statement it had agreed to pay a fine of 300 million euros and 180 million… Read More
19th April 2021
Danske Bank Chief Executive Chris Vogelzang resigned on Monday after the Dutch authorities named him as a suspect in a probe into violations of money-laundering regulations at Dutch lender ABN Amro, Danske Bank said in a statement. “I am very surprised by the decision by the Dutch authorities,” Vogelzang said… Read More
19th April 2021
Suspected money laundering cases flagged to the FIAU have skyrocketed as Malta faces international scrutiny. According to an internal government document, the number of suspicious transactions flagged to the Financial Intelligence Analysis Unit, Malta’s anti-money laundering watchdog, increased by more than 200% since international scrutiny began some three years ago. Read More
19th April 2021
Several large audit firms will be blacklisted in this year’s annual shareholder meetings by Pirc, an advisory service that believes they are not doing enough to tackle corporate fraud. Pirc is recommending that investors vote against the reappointment of PwC, KPMG, EY and Grant Thornton at any British company where… Read More
19th April 2021
Turkey’s central bank banned the use of cryptocurrencies and crypto assets to purchase goods and services, citing possible “irreparable” damage and significant transaction risks in a move that cooled global bitcoin prices. In legislation published in the Official Gazette on Friday, the central bank said cryptocurrencies and other such digital… Read More
19th April 2021
A ruling slashing a record French fine against a bank seemed to bode well for UBS Group AG as it fights an even larger 3.7 billion-euro ($4.4 billion) penalty in front of the same judges. But the Swiss lender might be a victim of its own success. According to… Read More