African soccer whistleblower fired after accusing boss of corruption
16th April 2019
African soccer whistleblower fired after accusing boss of corruption
African soccer’s ruling body has fired a senior official after he made corruption accusations against the organization’s president in a potential blow to FIFA’s efforts to clean up the game after a raft of scandals worldwide. The Confederation of African Football (CAF) sacked general secretary Amr Fahmy after the Egyptian… Read More
Affidavit details fraud case of man linked to Russian agent
16th April 2019
Affidavit details fraud case of man linked to Russian agent
AP — Newly unsealed documents in the fraud case of a South Dakota man linked to an admitted Russian covert agent show he obtained at least $2.3 million from 78 people for bogus investments dating to at least 1997. Paul Erickson has pleaded not guilty to 11 counts of wire… Read More
Danske Bank auditor EY reported to fraud squad over 2014 report
15th April 2019
Danske Bank auditor EY reported to fraud squad over 2014 report
Accountant EY’s audit of scandal-hit Danske Bank came under scrutiny on Friday as Danish authorities asked the state prosecutor for financial fraud to investigate the matter. Danske Bank is under investigation in the United States, Denmark, Estonia, France and Britain over payments from Russia, ex-Soviet states and elsewhere. It has… Read More
Council of Europe Urges Swift Action on Money Laundering, Citing Baltics and UK
15th April 2019
Council of Europe Urges Swift Action on Money Laundering, Citing Baltics and UK
European lawmakers are urging financial institutions and governments to address dozens of legal and supervisory shortcomings they say contributed to the proliferation of massive money laundering schemes in recent years. In a resolution adopted Thursday, the Council of Europe’s Parliamentary Assembly said that recent money laundering schemes linked to… Read More
FATF Ministers Agree to ‘Open-Ended’ Mandate, Longer Presidencies
15th April 2019
FATF Ministers Agree to ‘Open-Ended’ Mandate, Longer Presidencies
Finance ministers and other national representatives approved an indefinite extension of the Financial Action Task Force’s mandate, including revisions that increase the group’s presidential terms by a year. The open-ended mandate, which takes effect in 2020, comes as the Paris-based intergovernmental organization marked its 30-year anniversary in a ministerial meeting… Read More
Former Venezuelan general with ‘treasure trove’ of intelligence arrested for drug trafficking
15th April 2019
Former Venezuelan general with ‘treasure trove’ of intelligence arrested for drug trafficking
Spanish police on Friday arrested Hugo Carvajal, a former head of Venezuelan military intelligence, who Washington believes has a “treasure trove” of details he is willing to share about Venezuelan President Nicolas Maduro. Carvajal, a former general and close ally of the late Venezuelan leader Hugo Chavez, was arrested on… Read More
‘Gangnam style’ sex crime – K-pop scandals uncover dark side of Seoul’s flashiest district
15th April 2019
‘Gangnam style’ sex crime – K-pop scandals uncover dark side of Seoul’s flashiest district
On a recent weekend night, the dance floor at one of the hottest clubs in Seoul’s swanky Gangnam district held only a few dozen people surrounded by mostly empty tables. A few months ago, the nightclub would have been packed with hundreds of gyrating men and women, and full tables,… Read More
Prosecutors ask Peru judge to keep ex-president behind bars
15th April 2019
Prosecutors ask Peru judge to keep ex-president behind bars
AP — Prosecutors in Peru are asking a judge to keep former President Pedro Pablo Kuczynski behind bars as he is investigated for suspected money laundering related to Latin America’s biggest graft scandal. Deputy prosecutor Hernan Mendoza made the request Monday morning, saying the former Wall Street banker should… Read More
DOJ charges property firm founder, former executives in Ponzi scheme
15th April 2019
DOJ charges property firm founder, former executives in Ponzi scheme
U.S. federal prosecutors charged the owner and two former executives of Woodbridge Group of Companies LLC on Thursday with orchestrating a $1.3-billion Ponzi scheme involving 10,000 victims. Robert Shapiro, the owner of the luxury-property company, and former directors of investments Dayne Roseman and Ivan Acevedo were charged in the Southern… Read More
U.S. slaps sanctions on four shipping firms, nine ships, carrying oil from Venezuela
14th April 2019
U.S. slaps sanctions on four shipping firms, nine ships, carrying oil from Venezuela
The United States on Friday announced more sanctions on shipping companies transporting oil from Venezuela, blacklisting four shipping companies and nine vessels, some of which the U.S. Treasury Department said carried oil to Cuba. The U.S. Treasury identified the firms as Liberia-based Jennifer Navigation Ltd, Lima Shipping Corp and Large… Read More
Popular

EU Parliament Empowers EBA, Prudential Regulators to Fight Money Laundering

UniCredit to Pay $1.3 Billion, Plead Guilty to US Sanctions Violations

UK Launches 5AMLD Consultation with Eye on Post-Brexit Era

Danske Bank auditor EY reported to fraud squad over 2014 report

Council of Europe Urges Swift Action on Money Laundering, Citing Baltics and UK

Must Read

New York Fed cracks down on Puerto Rico banks following Venezuela sanctions

Enhancing Financial Inclusion: Telecoms and AML in Nigeria

FinCEN Issues First Penalty Against P2P Cryptocurrency Exchange

Romanian justice minister resigns after losing party support

Sudan arrests al-Bashir’s brothers, new calls for protests