15th June 2020
Westpac Banking Corp. is being investigated over a further 272 customers linked to potential child abuse, and could face tens of thousands more breaches of anti-money laundering laws. Australia’s oldest bank last month admitted to the vast majority of 23.5 million breaches of money-laundering and terrorism financing laws… Read More
12th June 2020
President Donald Trump authorized sanctions Thursday on International Criminal Court officials who take part in investigations targeting the U.S. and its allies, delivering on a long-time promise to punish a body that his administration calls a threat to American sovereignty. The executive order, which would deny visas and block funds… Read More
12th June 2020
British Columbia and Ontario provide a base of operations for an elite network of professional money launderers identified by police in 2019 and washing “upwards of hundreds of millions” per year, B.C.’s Cullen Commission into money laundering heard this week. While Global News has reported on sophisticated transnational money-laundering networks… Read More
12th June 2020
An investigating judge of Kyiv’s Pechersky district court has issued a ruling authorizing the arrest of former Member of Parliament Konstantin Zhevago, who is suspected of embezzlement of Finance and Credit Bank’s assets. On Wednesday, June 10, the same court is to decide on the seizure of the suspect’s property,… Read More
12th June 2020
A “wrongful death” lawsuit has been filed against Qatar’s royal family by relatives of 10 Americans who were either killed or seriously injured during terrorist attacks in Israel and the Israeli-occupied West Bank between 2014 and 2016. Representing 51 plaintiffs and 10 victims, the lawsuit, which was filed in a… Read More
12th June 2020
Goldman Sachs is trying to get federal prosecutors to ease up on the bank for its role in a brazen scheme to loot billions of dollars from a Malaysian sovereign wealth fund. Lawyers for the bank have asked Deputy Attorney General Jeffrey Rosen to review demands by some federal… Read More
11th June 2020
Swiss private bank Julius Baer (BAER.S) faces investigation by watchdog FINMA over whether it followed correct procedures against money laundering in its ties with a former Argentine client, the Neue Zuercher Zeitung newspaper said on Wednesday. The bank, which has previously been censured by FINMA over its efforts to… Read More
11th June 2020
Denmark is proposing greater independence and tougher qualifications for bankers hired to prevent money laundering as part of efforts to prevent a repeat of the Danske Bank A/S scandal. A new report by the country’s Financial Supervisory Authority says supervisory boards should be in routine, direct contact with… Read More
11th June 2020
AP — Cyprus says it is introducing tougher anti-money laundering checks in its “golden passports” program, under which it gives citizenship to foreigners who invest large sums in the east Mediterranean country. Interior Minister Nicos Nouris said Wednesday that the government is following through on a pledge to beef… Read More
11th June 2020
A federal judge indicated prosecutors could face disciplinary action for allegedly failing to turn over evidence in a case that led to the conviction of an Iranian man on money-laundering and sanctions violations charges. The comments from Judge Alison Nathan came in response to a Friday request by the top… Read More