6th February 2020
Brazilian construction giant Odebrecht SA has agreed to extend the monitorship and other terms of its plea agreement with the U.S. Justice Department for almost nine months, according to court filings. Odebrecht pleaded guilty in 2016 to a criminal charge of allegedly conspiring to violate U.S. foreign bribery laws and… Read More
5th February 2020
A Milan court ordered Dutch lender ING (INGA.AS) to pay 30 million euros ($33.17 million) to settle a money-laundering case in Italy, a judicial source said on Tuesday. The judge Roberto Crepaldi imposed a penalty of 1 million euros and ordered another 29 million euros to be confiscated from… Read More
5th February 2020
European Union diplomats agreed to impose travel bans on two Turkish nationals and freeze their assets in retaliation for Ankara’s gas prospecting in disputed waters near Cyprus, two officials familiar with the matter said. The decision to target the two individuals was reached at a meeting of EU diplomats… Read More
5th February 2020
The U.S. Federal Reserve said on Tuesday that it permanently barred a former Goldman Sachs Group Inc executive from the banking industry over his role in Malaysia’s multi-billion-dollar 1MDB corruption scandal. Andrea Vella, who was co-head of Goldman’s Asia investment bank in 2012 and 2013, failed to escalate information he… Read More
5th February 2020
In the years after Jeffrey Epstein registered as a sex offender, he closed his money management firm and started a business to develop algorithms and mine DNA and financial databases. Then he set up a bank. In a banking license application reviewed by The New York Times, Mr. Epstein… Read More
5th February 2020
The United States and the British dependency of Jersey have agreed with Nigeria to repatriate more than $300 million in funds stolen by former military ruler General Sani Abacha, the three governments said. Abacha ruled Nigeria, Africa’s biggest oil producer, from 1993 until his death in 1998. Corruption watchdog Transparency… Read More
5th February 2020
Germany’s top financial regulator says banks are well prepared for Brexit, until you look at their list of clients. While many details of the U.K.’s future relationship with the European Union remain unclear, global banks have already set up units in the bloc to retain access to those markets. Read More
5th February 2020
AP — A judge in South Africa issued an arrest warrant Tuesday for former president Jacob Zuma for failing to appear in court on a corruption case that he has sought to avoid for months — now by asserting that he is ill. The National Prosecuting Authority requested the warrant,… Read More
5th February 2020
China limits how much money one person convert into foreign currency each year. Two Las Vegas men who helped gamblers bypass that limit have found themselves in deep trouble with the IRS. Las Vegas residents Bing Han and Lei Zhang have pleaded guilty to Operation of Unlicensed Money Transmitting Business,… Read More
4th February 2020
Brazil is facing criticism after stripping its national financial intelligence unit (FIU) of the power to report on terrorist financing, the Financial Times said on Monday. Opposition lawmakers amended the mandate of the Council for Financial Activities Control, or Coaf, over concerns that the government of President Jair Bolsonaro would… Read More