11th October 2019
An international arrest warrant is being prepared for Ukrainian billionaire Kostyantyn Zhevaho, who the newly created State Bureau of Investigations (DBR) suspects of large-scale money laundering and embezzlement of funds from a bank he formerly owned. DBR chief Roman Truba said in a briefing on October 9 that an arrest… Read More
11th October 2019
Colombia’s Supreme Court says it will continue investigating a former president over allegations he tried to bribe a paramilitary group and then intimidate witnesses. Former President Alvaro Uribe was questioned for hours over accusations he tried to bribe and intimidate members of a paramilitary group who claimed to have damaging… Read More
11th October 2019
If you’re under federal indictment for money laundering charges, it might be better not to have “Fraud Guarantee” and “Loan Crime Investigation” on your resume. Lev Parnas — one of the Rudy Giuliani associates indicted on conspiracy charges relating to fraudulent campaign donations, including allegedly steering Russian… Read More
11th October 2019
The Cayman Islands said on Wednesday it would make public information on the beneficial ownership of companies, prompting anti-corruption campaigners to call on other offshore jurisdictions to follow suit as part of a global crackdown on money-laundering. The Cayman Islands government said it expected public registers of beneficial ownership –… Read More
10th October 2019
The European Union is working on a new approach for flagging countries with weak anti-money-laundering laws after the bloc’s previous attempt to create a blacklist failed earlier this year. A newly proposed methodology for designating high-risk countries is aimed at addressing concerns about transparency in the previous process, according… Read More
10th October 2019
South Carolina Senator Lindsey Graham introduced a bipartisan measure Wednesday to sanction Turkey in response to President Donald Trump’s decision to pull U.S. troops from northern Syria, which left Kurdish fighters in Syria vulnerable to a Turkish invasion. Graham, a Republican, is partnering with Democratic Senator Chris Van Hollen on… Read More
10th October 2019
The International Monetary Fund (IMF) is asked to conduct an independent evaluation of money laundering prevention in the Nordic and Baltic region, a member of the Bank of Lithuania’s board said Wednesday. “A regional monetary prevention evaluation will be performed,” Marius Jurgilas told members of the Seimas Committee on Budget… Read More
10th October 2019
A court in Helsinki has dismissed all charges in the largest money laundering case ever tried by a Finnish court, in which two Estonian nationals were suspected of laundering €135 million in total. Finland’s public broadcaster Yle reported that the district court’s decision is not final and can be appealed. Read More
10th October 2019
If Britain hasn’t secured a deal to leave the European Union as the clock ticks past 11 p.m. on Oct. 31, billions of data transfers could be thrown into legal limbo. Though not as visible as lines of trucks backing up at ports, disruption to data would affect more of… Read More
10th October 2019
The U.K.’s Serious Fraud Office at times has struggled to appropriately staff cases and process digital materials, an independent government inspector said. The findings were part of a report released Tuesday by Her Majesty’s Crown Prosecution Service Inspectorate, which reviewed six randomly selected SFO cases. The amount of time it… Read More