8th January 2020
The Trump administration is considering sanctions against some of the Venezuelan lawmakers who took part in a bid supported by President Nicolas Maduro to wrest control of the country’s congress from U.S.-backed opposition leader Juan Guaido, according to two people familiar with the matter. Deliberations over the possible sanctions targets,… Read More
3rd January 2020
The United States imposed sanctions on Thursday on Cuba’s defense minister, accusing him of human rights violations and supporting socialist Venezuelan President Nicolas Maduro, Secretary of State Mike Pompeo said in a statement. Washington blacklisted Leopoldo Cintra Frias, minister of the Revolutionary Armed Forces of Cuba (MINFAR), and his children,… Read More
3rd January 2020
Two executives and a Swiss firm linked to shell companies in the Panama Papers data leak were charged in the U.S. with scamming investors in pump-and-dump schemes. Blacklight SA and the executives bought shares of small publicly traded companies and then publicized false information such as pending merger deals, prosecutors… Read More
3rd January 2020
The regulatory agency for B.C.’s real estate professionals is launching a mandatory anti-money-laundering course to show real estate agents and strata and property managers how to recognize red flags and what steps they’re obligated to take to report suspected cases. The course will provide “the information you need to understand… Read More
1st January 2020
The B.C. government is slowly implementing changes to combat money laundering and the federal government is moving even more slowly. Money laundering has been a hot-button issue in B.C., with far-reaching implications for the economy and trust in institutions, but has also gained attention nationally. By next spring, the B.C. Read More
1st January 2020
AP — Erik Prince, a major Republican donor and founder of controversial security firm Blackwater, has been referred to the U.S. Treasury Department for possible sanctions violations tied to his recent trip to Venezuela for a meeting with a top aide of President Nicolas Maduro, two senior U.S. officials said. Read More
31st December 2019
The recent proclamation in The Star that, “In Canada, nearly all accused money launderers get their charges dropped”, didn’t surprise me in the least. I’ve had the privilege of interacting with hundreds of Canadian law enforcement officers and prosecutors who specialize in the prosecution of mafia bosses and money… Read More
30th December 2019
The biggest corruption investigation in Latin America history began, humbly enough, at a Brazilian gas station, but as it steamrollered across the region, it took down top government officials and corporate titans alike. For those caught up in the scandal, it was a moment of reckoning. For ordinary citizens, it… Read More
30th December 2019
A group of international investors managing trillions of dollars in assets has filed what it says is the first in a series of lawsuits against Danske Bank in connection with the money laundering scandal engulfing Denmark’s largest lender. The writ, which was filed on Friday in the District Court… Read More
30th December 2019
A former president of Peru is alleged to have benefited from a “massive” multimillion pound bribery scheme which saw more than £13 million wired to a Scotland-based firm, according to US prosecutors. Alejandro Toledo, who governed the South American nation from 2001 to 2006, was arrested in the US in… Read More