13th April 2021
Italian magistrates have issued an arrest warrant for Gianluigi Torzi, a financial broker caught up in a scandal involving the Vatican’s purchase of a building in an upscale London area, police said on Monday. Financial police said in a statement that they were looking for Torzi and three Italian associates… Read More
13th April 2021
The European Union has imposed sanctions on eight Iranian militia commanders and police chiefs, including the head of the elite Revolutionary Guards, over a deadly crackdown in November 2019, the bloc said in its Official Journal on Monday. The travel bans and asset freezes are the first EU sanctions on… Read More
13th April 2021
The U.S. Treasury Department last Thursday sanctioned Myanma Gems Enterprise (MGE), the state-owned entity responsible for all of the country’s gemstone-related activities. Gemstones are a key economic resource for the Myanmar military as it violently represses protests against the Feb. 1 coup and lethally attack the country’s people, including… Read More
12th April 2021
Bank of Ireland will allow asylum seekers to open bank accounts from May 14. A Bank of Ireland spokesperson told the Irish Independent that the bank is very aware that in some specific circumstances, a customer may not have documentation that’s normally required to open an account. It has now… Read More
12th April 2021
AP — The Eastern Caribbean has created its own form of digital currency meant to help speed transactions and serve people without bank accounts. The Eastern Caribbean Central Bank said its “DCash” is the first such blockchain-based currency introduced by any of the world’s currency unions, though… Read More
12th April 2021
At 5am on a chilly Tuesday morning last month, 1,600 police officers and balaclava-wearing special forces, bristling with arms and battering rams, were ordered into action around the Belgian port city of Antwerp. More than 200 addresses were raided in what was the largest police operation ever conducted in the… Read More
12th April 2021
Up to one money mule on average is being arrested every day by fraud squad detectives investigating multiple different money laundering targets across the country. The problem is so extensive that officers from the Garda National Economic Crime Bureau (GNECB) plan to make 700 arrests in the coming months of people who have allowed… Read More
12th April 2021
A Portuguese judge on Friday ordered ex-Prime Minister José Sócrates to stand trial for money laundering and falsifying documents but dropped more serious charges of corruption against the former Socialist leader, who prosecutors had accused of taking €34 million in kickbacks. “There would seem to have been the acceptance of… Read More
12th April 2021
A discretionary budget request released by the Biden administration includes a sizable boost for a unit of the U.S. Treasury Department tasked with building a complex corporate ownership registry. The White House request, announced Friday, seeks to provide an additional $64 million to the Financial Crimes Enforcement Network, or FinCEN,… Read More
12th April 2021
Hong Kong police arrested nine people on suspicion of laundering more than HK$900 million (US$116 million) through 300 bank accounts over the past six months, part of which was conned from 55 victims of romance and investment scams. Investigations showed that around HK$35 million of the money came from 30… Read More