19th July 2019
AP — Finance chiefs from the Group of Seven rich democracies issued a stark warning on Thursday that cryptocurrencies like the Libra digital money recently unveiled by Facebook should not be allowed before “serious regulatory and systemic concerns” are addressed. France, which this year chairs the G-7 gatherings on topics… Read More
19th July 2019
Canadian police on Thursday said they had arrested nine suspected members of a powerful Mafia clan with roots in southern Italy involved in money laundering and illegal gambling in the Toronto area, seizing C$35 million ($26.8 million) in assets, including five Ferraris. Over three days, police raided 48 cafes, businesses… Read More
18th July 2019
Joaquin “El Chapo” Guzman, the Mexican drug lord found guilty of running a murderous criminal enterprise that smuggled tons of drugs into the United States, was sentenced by a U.S. judge on Wednesday to spend the rest of his life in prison. Guzman berated the U.S. justice system, and a… Read More
18th July 2019
Financier Jeffrey Epstein is an accused sex trafficker. This much we know. The new SDNY investigation will hopefully cure the bogus plea deal Epstein received in Florida at the direction of then-U.S. Attorney Alex Acosta, who is now an ex-secretary of… Read More
17th July 2019
The European Union is preparing new sanctions against Venezuelan security forces involved in human rights violations, the bloc’s foreign policy chief said on Tuesday, following the death in custody of a navy captain amid allegations of torture. Federica Mogherini said the death of Rafael Acosta while in custody for alleged… Read More
17th July 2019
Venezuela’s government is studying the possibility of switching to a Russian-operated international payments messaging system as an alternative to SWIFT as part of preparations for an uptick in U.S. sanctions, according to two people familiar with the matter. Venezuelan central bank officials have requested information from their Russian counterparts to… Read More
17th July 2019
Former Peruvian President Alejandro Toledo was arrested in the United States under an extradition order on Tuesday, the South American country’s public prosecutor’s office said in a post on its official Twitter account. Toledo, who governed from 2001 to 2006, is a fugitive from Peruvian justice for allegedly receiving $20… Read More
16th July 2019
Venezuela sold about $40 million worth of gold last week, defying numerous U.S. sanctions that threaten to cut off Nicolas Maduro’s autocratic regime, according to people with knowledge of the matter. The central bank sold nearly one ton of gold July 12, lowering Venezuela’s dollar reserves to a near three-decade… Read More
15th July 2019
Criminal Code amendments to make it easier to prove money laundering are now in force in Canada. The change to the Criminal Code offence of money laundering adds recklessness, a change that became law at the end of June. This amendment criminalizes the activity of moving money… Read More
15th July 2019
The founder of a Washington private intelligence company is in deep trouble with the feds for his alleged willingness to take on a risky new client: a Mexican drug cartel. On Wednesday, federal law enforcement raided the house and seized the electronics of executive Michael Bagley in connection with a… Read More