Diplomats: Europeans weigh sanctions on Venezuela’s Maduro
17th June 2019
Diplomats: Europeans weigh sanctions on Venezuela’s Maduro
AP — Major European nations are considering imposing sanctions on Venezuela’s Nicolás Maduro and several top officials for their recent crackdown on political opponents, although divisions remain over the timing of any action for fear of derailing a negotiated exit to the country’s crisis, The Associated Press has learned. The… Read More
British overseas territories top corporate tax loophole index
29th May 2019
British overseas territories top corporate tax loophole index
Britain’s offshore territories the British Virgin Islands (BVI), Bermuda and the Cayman Islands were named in a study released on Wednesday as the most significant jurisdictions used by global companies to minimise their tax bills. Governments are stepping up efforts to recoup more tax from multinationals, with the European Commission… Read More
EU to remove UK, Dutch overseas territories from tax haven blacklist
15th May 2019
EU to remove UK, Dutch overseas territories from tax haven blacklist
European Union finance ministers are set to remove this week the British overseas territory of Bermuda, the Dutch Caribbean island of Aruba and Barbados from the bloc’s blacklist of tax havens, an EU official said on Monday. The three islands were added to the list in March because the EU… Read More
Nordic banks pool resources to fight money laundering
13th May 2019
Nordic banks pool resources to fight money laundering
The Nordic region’s six major banks are joining forces to set up a customer checking center to crack down on money launderers, part of efforts to recover from a scandal that has shaken confidence in the finance industry. Danske Bank and Swedbank have lost billions from their market value after… Read More
RBS Probes Coutts and ABN Amro Payments for Russian Money Laundering
29th April 2019
RBS Probes Coutts and ABN Amro Payments for Russian Money Laundering
The Royal Bank of Scotland (RBS) Group has launched an internal investigation into whether its subsidiary Coutts and Co. and a unit of ABN Amro processed payments linked to a Russian and Lithuanian money laundering scheme. The Edinburgh-based lender disclosed in a quarterly earnings filing Friday that the probe had… Read More
ING shareholders vote down motion on management liability
24th April 2019
ING shareholders vote down motion on management liability
Shareholders of Dutch bank ING on Tuesday voted against a motion granting executives discharge from legal liability for 2018, the company said, in a rare rebuke for the $900 million fine the company incurred in September for failing to prevent money laundering. The largely symbolic vote means the company could,… Read More
Council of Europe Urges Swift Action on Money Laundering, Citing Baltics and UK
15th April 2019
Council of Europe Urges Swift Action on Money Laundering, Citing Baltics and UK
European lawmakers are urging financial institutions and governments to address dozens of legal and supervisory shortcomings they say contributed to the proliferation of massive money laundering schemes in recent years. In a resolution adopted Thursday, the Council of Europe’s Parliamentary Assembly said that recent money laundering schemes linked to… Read More
Dutch prosecutors arrest three on suspicion of laundering $1.2 billion
8th April 2019
Dutch prosecutors arrest three on suspicion of laundering $1.2 billion
Dutch prosecutors on Friday said they have arrested three former employees of a Dutch company suspected of laundering about $1.2 billion for a client in India. The company bought materials and services for a client that since 2006 has been involved in a major gas pipeline project in India, the… Read More
ING Italy investigated over alleged money laundering – source
20th March 2019
ING Italy investigated over alleged money laundering – source
Prosecutors in Milan have begun a formal investigation into alleged money laundering involving Dutch bank ING Groep NV’s Italian business, a source close to the matter said. ING had no immediate comment on Tuesday on the investigation, which was launched after prosecutors received requests for assistance from other European countries,… Read More
Banca d’Italia orders client stop at ING in fight against money laundering
18th March 2019
Banca d’Italia orders client stop at ING in fight against money laundering
The Italian central bank on Saturday said Dutch lender ING is not allowed to take on new customers in Italy as long as it has not improved its monitoring of client behavior. The measure follows inspections by Banca d’Italia from October last year until the beginning of 2019, which showed… Read More
Popular

$340m in London law firm’s account suspected of 1MDB connection

EU sanctions Russian intelligence, North Korean, Chinese firms over alleged cyberattacks

UK must crack down on dirty money after Russia report, says Labour

Questionable Client: Lessons From Deutsche Bank’s Epstein Fine

Najib Razak, Malaysia’s Former Prime Minister, Found Guilty in Money Laundering Trial

Must Read

$340m in London law firm’s account suspected of 1MDB connection

The U.S. is a haven for money laundering. That might be about to change.

Wirecard processed payments for Maltese casino linked to ’Ndrangheta: FT

Warning over Monzo financial crime review

Deutsche Bank Opens Review Into Personal Banker to Trump and Kushner