12th October 2020
Opposition MP Claudio Grech has urged the government to introduce unexplained wealth orders to give the authorities more powers to seize assets potentially financed by criminal activities. While offering its support to the proceeds-of-crime bill being discussed in parliament, Grech told Times of Malta that the bill missed a… Read More
12th October 2020
The widow of the late founder of suicide prevention charity Console has appeared in court charged with fraudulent trading and money laundering over a ten year period. The case of Patricia Kelly, 59, was mentioned briefly in Dublin circuit criminal court yesterday morning. Ms Kelly, of Alexandra Manor, Clane, Co… Read More
9th October 2020
Powerful European lawmakers are calling for significant reform to anti–money laundering controls across the continent in reaction to the “scandal” of the FinCEN Files, a global investigation from BuzzFeed News and the International Consortium of Investigative Journalists. The investigation revealed how the giants of Western banking move trillions… Read More
9th October 2020
Swiss federal prosecutors said on Thursday they had opened a criminal investigation of Geneva-based Banque Cramer & Cie as part of a wide-ranging corruption probe surrounding Brazilian state oil company Petrobras and construction firm Odebrecht. “The (Office of the Attorney General) suspects a lack of internal organisation of the bank… Read More
9th October 2020
Five cases of suspected money laundering using remittance agents were referred to the police for investigation by the Financial Intelligence Analysis Unit over the past four years. An FIAU analysis released recently shows that between January 2017 and May 2020, remittance agents submitted 98 suspicious transaction reports. Just over a… Read More
9th October 2020
AP — Pope Francis told European anti-money laundering experts Thursday that the Vatican was committed to “clean finance,” as he denounced financial speculation amid a spiraling corruption investigation in the heart of the Holy See. It is rare for a head of state to meet with the Council of Europe’s… Read More
9th October 2020
Malta’s Individual Investor Programme has lost some 73 of its agents out of a list of 200 firms and approved agents selling citizenship to the ultra-rich. Of those 73, only four practitioners have had their license outright suspended by the IIP agency: these include two licences held by the legal… Read More
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