18th June 2020
The UK’s financial regulator has fined Commerzbank £38m for money-laundering failures, including an “out-of-control” system for checking clients. The Financial Conduct Authority (FCA) said the German business bank had failed to put money-laundering controls in place over a period of five years, despite three separate warnings from the regulator. Read More
17th June 2020
Police say they have foiled an international criminal drug syndicate allegedly linked to homes and businesses in Western Sydney after combining with law enforcement agencies in seven countries, including the FBI. Five men have been arrested after a seven-year long investigation into large-scale importation and sale of MDMA and ice… Read More
16th June 2020
Call it the Falciani Principle. A former UBS Group AG employee who’s appealing his conviction for commercial espionage and money laundering skipped his Swiss court appearance on Monday morning, as expected, to avoid likely arrest. The man, only identified as Rene S., was convicted in absentia last year and… Read More
12th June 2020
Germany is urging its fellow European Union governments to impose the bloc’s first-ever sanctions for hacking on a Russian suspect in the 2015 cyberattack on the German parliament. An EU sanctions framework for cyberattacks took effect last year, allowing the imposition of travel bans to the EU and the freezing… Read More
10th June 2020
The long-running legal spat between billionaire Oleg Deripaska and Vladimir Chernukhin took another twist after the former Russian government minister demanded Deripaska be put in jail. Chernukhin, whose wife is one of the largest donors to the Conservative Party in the U.K., claims Deripaska breached a commitment to court… Read More
5th June 2020
A bipartisan group of senators is planning to introduce legislation that would expand U.S. sanctions against Gazprom PJSC’s Nord Stream 2 pipeline between Russia and Germany by taking aim at insurance companies that work with Russian vessels on completion of the project. Senator Ted Cruz, one of the… Read More
4th June 2020
As the Federal Prosecutor’s Office continues to investigate numerous corruption cases linked to the Federation of International Football Associations (FIFA), dismissal proceedings have been launched against the Swiss attorney general, Michael Lauber, because of secret meetings he has held with the FIFA president. The story begins The Swiss component of… Read More
29th May 2020
Germany wants to impose a European travel ban and asset freeze on the head of Russia’s military intelligence agency and several of its spies in response to a 2015 cyberattack on the German Parliament that was traced back to Moscow earlier this month. The government will invoke a European… Read More
26th May 2020
The group’s name alone reflects its combative mission: The collective of transparency activists calls itself Distributed Denial of Secrets (DDoS), a name that recalls denial of service, a form of online attack that knocks out servers and websites by targeting them with huge numbers of superfluous requests. Committed as they… Read More
25th May 2020
Many paths lead to the small town of Traben-Trarbach, which is situated on Germany’s Mosel River and famous for its much-visited “underworld” of wine cellars. Frankfurt-Hahn is located just 30 minutes away by car, a regional airport that was, at least until the arrival of the coronavirus, a budget airline… Read More