8th October 2020
Ireland is a “soft spot” for international money launderers and will continue to be used for nefarious purposes unless action is taken to stop it, UK-based financier and anti-corruption campaigner Bill Browder has said. Mr Browder, who was speaking to UCD’s Literary and Historical Society after receiving its James… Read More
8th October 2020
Switzerland’s financial regulator said it is spending a lot of its time fighting money laundering in offshore banks. It sanctioned a third Swiss private bank for dealings with Venezuelan bolichicos. Finma is sanctioning Banca Credinvest over dealings with Venezuelan clients, it said in a statement on Tuesday. The tiny… Read More
8th October 2020
AP – The headquarters of the German soccer federation and the private homes of some of its members were searched early Wednesday as part of an investigation into tax evasion. The Frankfurt public prosecutor said about 200 officers were involved in the raids in the German states of Bavaria,… Read More
8th October 2020
Kazakh opposition leader Mukhtar Ablyazov has been charged in Paris with embezzling $7.5 billion in a case brought by Kazakhstan, according to one of his lawyers. Gerard Cholakian said Ablyazov, who was recently granted political asylum in France, was charged with “aggravated abuse of trust” and “money laundering” before he… Read More
8th October 2020
The Spanish Prosecution office says it is investigating Arbistar for allegedly running a bitcoin trading scam with preliminary findings suggesting $1 billion in investors’ funds cannot be accounted for. The disappearance of investor funds has affected 32,000 families that are failing to access their savings that are invested with Arbistar,… Read More
7th October 2020
Britain will not be deterred from using anti-graft powers to target foreign oligarchs’ suspected dirty money despite the large cost risk and a recent court setback, a senior police officer has said. Unexplained Wealth Orders (UWOs) were introduced in 2018 to help the authorities target the illicit wealth of foreign… Read More
7th October 2020
Banks and other financial institutions could be forced to cut ties with cloud providers and other technology suppliers under a draft European Union regulation that aims to limit cybersecurity risks to the sector. National regulators in EU countries could require banks to stop using external technology services if their providers… Read More
7th October 2020
Lithuania’s authorities have published a series of strict new know-your-customer guidelines for gaming operators following accusations that the sector is an easy target for money laundering activities. The Gambling Supervision Service, which works under Lithuania’s Ministry of Finance, said the guidelines outline which factors should be taken into account by… Read More
6th October 2020
By Alessandro Ford, InSightCrime, 5 October 2020 InSightCrime – A patrol ship in the Dutch Caribbean has caught over three tons of cocaine in a rapid series of seizures, displaying how regularly drug shipments traverse the area on their way to Europe and the United States. On September 8,… Read More
6th October 2020
France’s national financial prosecutor’s office has been asked to open an investigation into whether four French-based banks and an investment fund were complicit with Electrogas in laundering the proceeds of corruption. Sherpa, a French association that fights financial crimes, teamed up with the Daphne Caruana Galizia foundation to file the… Read More