8th August 2019
Miami’s Seybold building is a famous jewelry marketplace that attracts customers from across the globe. But investigators say it was also home to a crew of money launderers who are illegally smuggling in gold from Argentina — sometimes disguised as buttons on jackets. Three people were arrested this week, two… Read More
7th August 2019
HSBC’s Swiss private banking arm has agreed to pay nearly 300 million euros ($336 million) to settle a tax fraud case in Belgium, Belgian prosecutors said on Tuesday, the latest blow for the Alpine state’s banking sector from the EU. The settlement comes after a French court in February ordered… Read More
7th August 2019
U.S. national security adviser John Bolton on Tuesday said Washington was ready to impose sanctions on any international company doing business with Venezuelan President Nicolas Maduro, a sharp escalation of U.S. pressure on the leftist leader. Bolton, addressing a summit on Venezuela in the Peruvian capital Lima, emphasized that tougher… Read More
6th August 2019
HSBC has unexpectedly parted ways with its chief executive, John Flint, less than 18 months after his appointment and said it could cut nearly 5,000 jobs due to a weaker outlook. The bank, which has its headquarters in the UK, was vague over the cause of Flint’s departure, saying… Read More
5th August 2019
Honduran President Juan Orlando Hernandez on Saturday denied reports from a U.S. court filing linking him to drug trafficking, accusing criminals of seeking revenge against him. “The drug traffickers are looking for revenge against the only president who’s done what he’s needed to do,” he told a news conference, detailing… Read More
1st August 2019
AP — The star witness in a U.S. investigation of a once-standout Drug Enforcement Administration agent was sentenced Wednesday to nearly four years in prison after implicating his longtime handler in a multimillion-dollar money-laundering conspiracy with the very Colombian cartel criminals he was supposed to be fighting. The 46-month sentence… Read More
1st August 2019
The signs were there. Jahangir Hajiyev, chairman of the biggest bank in Azerbaijan, and his wife, Zamira, appeared to be living on dirty money. Between 2003 and 2015, the couple spent a fortune in the U.K. They dished out 11.5 million pounds ($14.3 million) for a townhouse in the ritzy… Read More
31st July 2019
Former Salvadoran president Mauricio Funes has been granted Nicaraguan citizenship, according to a decree published on Tuesday in the Nicaraguan government registry, likely hobbling El Salvador’s efforts to bring him home to face charges of embezzlement and money laundering. The Nicaraguan constitution holds that no citizen may be extradited. Salvadoran… Read More
30th July 2019
Spain’s National Court has charged Banco Bilbao Vizcaya Argentaria (BBVA) with “corruption and breach of confidence,” a court spokesman said on Monday. Anti-corruption prosecutors had referred the case to the high court five days earlier. BBVA is Spain’s second-largest bank, with a strong presence in Latin America and the south… Read More
30th July 2019
John Christensen called Jersey home. A native of the scenic isle off England’s southern coast, he was a government economist with a hillside villa that had views of France. “I was set,” Christensen said last month in an interview at a London cafe. “We had a pretty good lifestyle and… Read More