29th July 2019
Digital currency exchange BTC-e and one of its owners, a Russian whose extradition the U.S. is seeking from Greece to face criminal charges, now face a civil lawsuit in California. The U.S. is attempting to recover penalties of $100 million from the company and Alexander Vinnik for alleged violations of… Read More
29th July 2019
Noordin Haji, head of public prosecutions in Kenya, is the urbane son of one of the country’s most prominent families. George Kinoti, born in the slums, rose from burly beat cop to head the powerful police investigation department. Together, they are building corruption cases against top Kenyan officials. This week, the… Read More
29th July 2019
AP — Mexican officials say the shooting death of two Israelis at an upscale shopping mall in Mexico City is likely linked to drug cartels and money laundering. Mexico’s top police official won’t say which cartel may have been involved in the brazen assault, which included a diversionary attack with… Read More
29th July 2019
Fines issued by the U.S. regulator enforcing sanctions compliance have hit a decade high at a time when the Trump administration is increasingly using sanctions as a foreign policy tool. About $1.3 billion in total penalties have been issued by the Treasury Department’s Office of Foreign Assets Control so far… Read More
26th July 2019
AP — The U.S. on Thursday imposed sanctions on three stepsons of Venezuelan President Nicolás Maduro, accusing them of forming part of a sophisticated scheme that stole hundreds of millions in dollars from food import contracts at a time of widespread hunger in the crisis-wracked South American nation. The network… Read More
26th July 2019
North Macedonia needs to reform its judiciary to ensure it can handle high-level crime and corruption cases before the European Union can set a date to start accession talks, top EU official Johannes Hahn said on Thursday. The former Yugoslav republic changed its name from Macedonia to North Macedonia this… Read More
26th July 2019
The European Commission on Wednesday called for new measures to prevent money laundering in the economic bloc, citing recent bank scandals and fragmented supervision of multinational financial institutions.  In four reports, the EU executive recommended improving coordination among national financial intelligence units, bolstering regulatory and supervisory standards for cross-border… Read More
25th July 2019
The Serious Fraud Office is investigating the world’s biggest printer of banknotes over suspected corruption in South Sudan. The SFO said it was examining how the UK company De La Rue, which produces notes for the Bank of England, and associated individuals… Read More
25th July 2019
The mother of Emilio Lozoya, the former chief executive of Mexican state oil company Pemex and a close confidant to ex-President Enrique Pena Nieto, has been arrested in Germany, Lozoya’s lawyer said on Wednesday. Lozoya and several of his family members have been accused of involvement in a wide-ranging bribery… Read More
25th July 2019
Malta’s anti-money laundering regime has failed a review by international experts and the island now has a year to get its house in order or face potential blacklisting procedures. Monitoring body Moneyval gave Malta just over a year to address a series of shortcomings in its anti-money laundering efforts following… Read More