27th January 2020
AP — French officials have filed preliminary charges of money laundering and extortion against Russian bitcoin fraud suspect Alexander Vinnik, who’s tangled in a multi-country legal battle. The United States also wants to prosecute Vinnik, accusing him of laundering billions of dollars through BTC-e, one of the world’s largest… Read More
27th January 2020
The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme. Jeff Carpoff, 49, pleaded guilty to money laundering and conspiracy… Read More
27th January 2020
Banks will remain vulnerable to money laundering and other financial crimes unless further action is taken to improve transparency in the company formation sector, experts have said after an investigation revealed how easily shell firms can be set up across the world for illicit purposes. Last month, the Organised Crime and Corruption Reporting… Read More
24th January 2020
Isabel dos Santos, Africa’s richest woman, is set to be indicted on charges including money laundering, influence peddling and forgery. The forthcoming charges were announced by Angola’s prosecutor general Hélder Pitra Grós at a news conference on Jan. 22. They came less than a week after a sweeping international investigation… Read More
24th January 2020
They made quite a team. One was an Oxford-educated wunderkind who handled the complicated math behind the transactions. The other was a beefy, 6-foot-2 New Zealander with an apparent fondness for Hawaiian shirts, who brought in clients and money. Martin Shields and Paul Mora met in 2004, at the London… Read More
24th January 2020
A Central American financial institution is suspected of helping clients worldwide evade taxes and launder money, according to tax investigators from the U.S., the Netherlands and three other nations coordinating a crackdown. Clients at the unidentified firm “may be using a sophisticated system to conceal and transfer wealth anonymously,” the… Read More
24th January 2020
The Vatican has been fully re-admitted to the Egmont Group of world financial intelligence units after a suspension two months ago sparked by an investigation into the purchase of luxury London real estate. Carmelo Barbagallo, president of the Vatican’s Financial Information Authority (AIF), said on Thursday the AIF would “resume… Read More
24th January 2020
The U.S. Treasury Department on Thursday blacklisted four foreign companies for allegedly supporting and facilitating Iran’s petrochemical and petroleum exports, among the latest efforts by Washington to ramp up pressure on Tehran. The Treasury alleged the four companies, based in areas ranging from Hong Kong to Shanghai to Dubai, collectively… Read More
24th January 2020
Chinese coke traffickers. Latin American cartels. Millions in American cash laundered through a Guatemalan casino. According to a wild federal criminal complaint unsealed in Virginia last week, the war on drugs is going about as well as ever. But it’s still no cinch to hide the proceeds of cross-continental… Read More
24th January 2020
A former solicitor and crown prosecutor accused of being involved in a crime syndicate allegedly helped the organisation’s attempts to move into wholesale drug dealing. Former Cairns Department of Public Prosecutions boss Roger Griffith faced a two-day committal hearing in Cairns Magistrates Court, charged with two counts each of drug… Read More