3rd September 2020
The Attorney General’s Office (AGO) has named prosecutor Pinangki Sirna Malasari a suspect of money laundering and bribery after she allegedly received money from graft convict Djoko Soegiarto Tjandra to help him secure a Supreme Court acquittal. Investigation director for the AGO’s junior attorney for special crimes, Febrie Adriansyah, said… Read More
2nd September 2020
A former Venezuelan oil official fled the country and is talking to U.S. authorities about aiding their investigation of a high-level corruption scheme that helped plunge the oil-rich nation into an economic meltdown. Carmelo Urdaneta Aqui, a onetime legal counsel to the country’s powerful oil ministry, will appear in a… Read More
1st September 2020
Four employees of a clout-heavy Bridgeport bank whose president was found hanged in the Park Ridge home of a customer have been charged with helping Chicago attorney Robert M. Kowalski and “higher-ranking bank officials” embezzle at least $29 million before federal regulators abruptly shut down the bank in December… Read More
1st September 2020
Financial institutions have demanded repayment of more than $2.3 million in mortgages and loans linked to several Metro Vancouver properties allegedly used to launder drug money. Coast Capital Savings, Westminster Savings, Vancouver City Savings and First National Financial are seeking repayment on mortgages and loans on four homes in Maple… Read More
31st August 2020
The Enforcement Directorate has frozen Rs 46.96 crore in four bank accounts after raiding 15 locations across Delhi, Gurgaon, Mumbai and Pune after some companies were allegedly found running illegal online betting apps linked to China. The chartered accountants of these firms were also raided, the ED said in a… Read More
28th August 2020
Banks and financial institutions across South Asia need to redesign their processes to deal with cases of money laundering even as they are facing increased challenges in meeting heightened regulatory expectations, consultancy firm Deloitte said in its latest South Asia Anti-Money Laundering Preparedness Survey. The survey will be… Read More
28th August 2020
The U.S. House Intelligence Committee on Wednesday said it had narrowed a subpoena to Deutsche Bank AG for President Donald Trump’s financial records so that it would fall in line with an earlier ruling by the U.S. Supreme Court. “The Committee’s subpoena, as amended, clearly satisfies the Court’s new legal… Read More
26th August 2020
Former national security adviser John Bolton may have avoided testifying at President Donald Trump’s impeachment trial, but Senator Ron Wyden urged the erstwhile ambassador on Monday to join him in the room where investigations happen. As the Senate Finance Committee’s top Democrat, Wyden asked Bolton to discuss claims from his… Read More
25th August 2020
A U.S. judge on Monday dismissed a lawsuit accusing Denmark’s Danske Bank A/S and four former top executives of defrauding shareholders by hiding and failing to stop widespread money laundering at its former Estonian branch. U.S. District Judge Valerie Caproni in Manhattan said shareholders in the proposed class action failed… Read More
25th August 2020
Officials in the U.S. Virgin Islands want the billionaire investor Leon Black, one of the most powerful men on Wall Street, to hand over information about his decades-long business ties to the convicted sex offender Jeffrey Epstein. The territory’s attorney general, Denise N. George, informed a local court on… Read More