1st October 2020
Two American law firms have started building class action law suits against HSBC and Standard Chartered following allegations the banking giants failed to crack down on money laundering. Labaton Sucharow and Schall Law, which both have a track record of pursuing vast legal claims against listed companies, said they have… Read More
1st October 2020
Former International Monetary Fund (IMF) chief Rodrigo Rato was acquitted by a Spanish court on Tuesday of fraud charges and falsifying accounts, during the botched 2011 public listing of the major Spanish bank, Bankia. The National Court of Justice in Madrid also acquitted 33 further people and entities —… Read More
30th September 2020
The U.K. and Canada imposed sanctions on Belarus President Alexander Lukashenko and senior figures in his government, a sign of widening discontent in the West over ongoing repression of peaceful protests against his purported victory in a disputed election. British Foreign Secretary Dominic Raab accused Mr. Lukashenko and his… Read More
30th September 2020
AP — French police arrested 29 people around the country on Tuesday in a vast operation to break a complex scheme financing Islamist extremists in Syria through the use of cryptocurrencies. A statement from the anti-terrorism prosecutor’s office said search warrants are out for the two main figures in the… Read More
30th September 2020
Britain’s Foreign Minister Dominic Raab has confirmed that his government is open to the possibility of imposing sanctions against officials involved in Hong Kong’s affairs under its Global Human Rights (GHR) regime. In a letter to an MP this month, Raab condemned the disqualification of 12 pro-democracy hopefuls from standing… Read More
30th September 2020
Russian markets are once again being plagued by multiple sanctions threats that could materialize before the end of the year. The prospect of new Western sanctions has helped drive the ruble back toward a four-year low reached during the oil price crash in March. Only Turkish government bonds have performed… Read More
30th September 2020
An investigation has begun into Dutch shipbuilder IHC in connection with a corruption scandal in Brazil, the Financieele Dagblad said on Tuesday. The FD says Brazilian court documents suggest the research focuses on 2013, when IHC was given a €1bn order to build six ships to be used in laying… Read More
30th September 2020
Rosen Iossifov, owner of cryptocurrency exchange RGcoins, was convicted by a federal jury in Kentucky of two counts of conspiracy to commit racketeering and money laundering. The conviction came after a two-week trial where Iossifov was accused of orchestrating a sophisticated scheme to steal money from unsuspecting victims in… Read More
30th September 2020
Organised crime groups (OCGs) have evolved and adapted techniques designed to facilitate criminal activities, evade detection and enable criminal enterprise to endure. The National Crime Agency’s (NCA) national strategic assessment of serious and organised crime (SOC) 2020 reports that SOC continues to have more impact on UK citizens than… Read More
29th September 2020
Foreigners granted remote access to Estonia’s digital infrastructure through its e-residency program are being linked to crypto-currency frauds abroad, threatening efforts to repair the Baltic nation’s image after one of Europe’s largest money laundering scandals. Companies registered overseas and headed by Estonian e-residents have been involved in “a few large-scale… Read More