27th August 2019
Banco BTG Pactual SA extended a two-day plunge as new allegations added to an ongoing investigation targeting the Brazilian bank. Shares slumped as much 30% on Monday as local website O Antagonista said Brazil’s police are investigating allegations that the bank had a department advising clients on money laundering. Read More
27th August 2019
Deutsche Bank had repeatedly failed to secure work with a Russian government entity when it was approached with a proposal: Hire the daughter of a high-ranking official at the organization. “We must do it!” a senior Deutsche Bank official said, according to the Securities and Exchange Commission. “We should… Read More
27th August 2019
Capital controls imposed on depositors at the height of Greece’s debt crisis are being lifted after four years. The policy change will finally remove restrictions on companies and individuals sending money abroad, which were introduced to prevent bank runs during the 2015 Grexit crisis. Signalling… Read More
27th August 2019
Brazil’s Federal Police have found evidence of corruption and money laundering related to lower house speaker Rodrigo Maia, according to a police document seen by Reuters. Federal Police sent a final probe report on Maia to the Supreme Court, which is tasked with judging public officials in Brazil. The evidence… Read More
27th August 2019
A Brazilian Supreme Court justice believes jailed ex-President Luiz Inacio Lula da Silva deserves a retrial after leaked social media conversations appeared to show the judge hearing Brazil’s largest-ever corruption case collaborated with prosecutors. Justice Gilmar Mendes said in an interview with Reuters that the so-called Car Wash investigation was… Read More
27th August 2019
The Asia Pacific Group of the FATF, a global watchdog for terror financing and money laundering, has put Pakistan in a terror ‘blacklist’ for its failure to curb funnelling of funds to groups responsible for scores of attacks in India, officials here said on Friday. While putting Pakistan in an… Read More
26th August 2019
Iran’s foreign minister made a flying visit for talks with host France at the G7 summit on Sunday, as Paris ramped up efforts to ease tensions between Tehran and Washington, a dramatic diplomatic move that the White House said had surprised them. European leaders have struggled to tamp down the… Read More
26th August 2019
The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginning of next year, it said on Friday, pushing back the deadline by several months. Swedbank (SWEDa.ST), Sweden’s oldest retail bank, has lost more than a… Read More
26th August 2019
Tunisian police arrested presidential candidate Nabil Karoui on Friday after a court ordered his detention, the Interior Ministry said, in a case involving charges of money laundering but which Karoui’s party said was a politically motivated attempt to exclude him from the election race. Karoui’s own Nessma TV channel reported… Read More
26th August 2019
Taiwan’s efforts to combat money laundering and terrorism financing have been recognized by a regional organization. The annual meeting of the Asia-Pacific Group on Money Laundering (APG) was held in Australia from August 18 to 23. During the meeting, 41 member jurisdictions agreed to adopt the mutual evaluation report on… Read More