Featured Europe

ING Bank Worked for Russian Money Laundering Network

Over the past decade, ING Bank has carried out billion-dollar transactions for companies from one of the largest Russian money laundering networks ever exposed. This puts the bank in a similar position to Deutsche Bank and Danske Bank, whose involvement in the network has previously been exposed. The German bank… Read More

Macquarie, CBA face fresh money laundering scrutiny after data leak

Macquarie Group and Commonwealth Bank are facing fresh scrutiny of their oversight of anti-money laundering laws after it emerged that overseas banks had reported close to $167 million of potential dirty money transactions flowing through the two Australian banks. The International Consortium of Investigative Journalism (ICIJ) has released a… Read More

FinCEN Files: Dublin business features in leak of US treasury documents

An unprecedented glimpse into the staggering amounts of suspect money that flow through the international banking system is revealed in leaked files from an agency of the US Department of the Treasury that have been seen by The Irish Times. The files show that the world’s largest banks play a… Read More
21st September 2020
The government is to overhaul the system of checks for Britain’s register of companies after criticism that the database is too easily abused by money launderers and fraudsters. Directors will be required to verify their identities with Companies House before they are appointed to a business under plans announced yesterday. Read More
21st September 2020
BuzzFeed News — When Robert Meltzer, who runs gyms for children in Los Angeles, found that more than $60,000 in payroll taxes — half a year’s worth — had gone missing in 2013, it was too late. When something similar happened to Stanford Media Group, a company that sold CDs… Read More
21st September 2020
One of Vladimir Putin’s closest friends may have used Barclays Bank in London to launder money and dodge sanctions, leaked documents suggest. Billionaire Arkady Rotenberg has known the Russian president since childhood. Financial restrictions, or sanctions, were imposed on Mr Rotenberg by the US and the EU in 2014,… Read More
21st September 2020
Over the strenuous objections of its closest allies, the Trump administration reimposed United Nations sanctions against Iran on Saturday, though the weight of their repercussions is unclear without the cooperation of the world’s other major powers. In an evening statement, Secretary of State Mike Pompeo announced the “return of virtually… Read More
21st September 2020
Swedbank AB said Friday that Sweden’s financial supervisory authority is investigating the bank for suspected breaches of market-abuse regulations. In a statement, the bank said the investigation covers the period between Sep. 20, 2018, through Feb. 20, 2019, and relates to the disclosure of insider information and the obligation… Read More
21st September 2020
By Tom Stocks, Daniela Castro, Kelly Bloss and Adam Klasfeld, OCCRP, 20 September 2020 OCCRP — Best known for laundering billions of dollars for Iran, notorious gold smuggler Reza Zarrab’s ties to Russia received only passing mention when he was prosecuted in the U.S. in 2016. That was a huge… Read More
21st September 2020
HSBC and Standard Chartered are bracing for a renewed US sanctions assault on China, amid official concern that escalating diplomatic tensions threaten collateral damage in the City. They are working on contingency plans for a worst-case scenario in which the political and trade disputes between Washington and Beijing trigger restrictions… Read More
18th September 2020
A leaked version of rules to be issued later this month by the European Commission proposes an all-encompassing set of regulations covering the trading or issuance of digital assets across the 27-nation bloc. Europe’s Markets in Crypto-Assets (MiCA) draft legislation provides legal certainty around crypto assets – cryptocurrencies, security… Read More
18th September 2020
The former president of international athletics has been jailed for two years by a French court after being found guilty of taking millions of pounds in bribes to cover up positive drugs tests by Russian athletes. Lamine Diack, 87, who ran athletics for 16 years until he was succeeded by… Read More
18th September 2020
The Trump administration threatened Wednesday to impose an array of fresh sanctions to deter China and Russia from selling weapons to Iran after an arms embargo on Washington’s Middle East foe expires next month. Elliott Abrams, the administration’s special envoy for Iran and Venezuela, told reporters that the sanctions “will… Read More