7th October 2019
American prosecutors allege that the US lawyer Mark Scott laundered €273m in gains from the OneCoin global cryptocurrency scam via Bank of Ireland accounts. Four current and former bank executives — including Diane Sands, Bank of Ireland’s head of anti-money laundering — have been called to testify in the US… Read More
7th October 2019
Malaysia has fined 80 individuals and entities for allegedly receiving money from state fund 1MDB, the country’s anti-graft chief said on Monday. Malaysian and U.S. investigators say about $4.5 billion was misappropriated from 1Malaysia Development Berhad (1MDB), set up in 2009 by former Prime Minister Najib Razak. Najib, who lost… Read More
7th October 2019
Between 2009 and 2015, Mihhail Murnikov spent his days handling as many transactions as he could at the non-resident unit of Danske Bank A/S in Estonia. Roughly a year after Danske admitted that those transactions were part of a $220 billion money laundering scandal, prosecutors from Tallinn to Washington D.C. Read More
7th October 2019
AP — The conflict between Iran and the U.S. that has created tensions throughout much of the Middle East is now also being felt in Lebanon, where Washington has slapped sanctions on the Iran-backed Hezbollah and warned they could soon expand to its allies, further deepening the tiny Arab country’s… Read More
7th October 2019
The government said it would further intensify and combat money laundering at its Cabinet sitting on Thursday after it received an overview of developments in the prevention of money laundering. Prime Minister Juri Ratas described combating money laundering as being of utmost importance for Estonia. He said the reliability of… Read More
7th October 2019
Montenegro has on Thursday officially launched the application process for its Citizens by Investment Program, otherwise known as the Golden Visa scheme, which offers rich foreigners and their families citizenship in return for investments worth hundreds of thousands of euros. Golden Visa programs came under scrutiny after investigative journalists… Read More
7th October 2019
Judging by the fleet of supercars parked in the grounds of Geneva’s Bonmont Golf and Country Club last Sunday, Teodorin Obiang was not overly fussed by the size of his carbon footprint. There were 25 in total, representatives of every luxury model conceivable, from Aston Martin to Bugatti and Ferrari,… Read More
7th October 2019
Foreign criminals were able to launder billions of pounds of dirty money through the UK because of a failure to close a business loophole, investigative reporters have claimed. Last year the UK government announced plans to clamp down on Scottish Limited Partnerships (SLPs), which were set up in 1907… Read More
4th October 2019
According to findings based on two operational stages carried out this year, funds used for the payment of bribes were transferred through Banco do Brasil, Bradesco, Caixa, Itaú, and Santander. In all, the accounts opened in the name of front companies operated… Read More
4th October 2019
Britain used a third country to avoid US sanctions as it paid an Iranian bank a settlement in a £1.25 billion damages case, The Times has learnt. Bank Mellat, in which the Iranian government owns a 17 per cent stake, sued the government over British sanctions imposed in 2009 that… Read More