14th May 2020
Construction of the world’s most controversial natural gas pipeline is about to enter the endgame of an energy dispute that’s pitted the U.S. against Russia and some of its closest trans-Atlantic allies, satellite images show. The Nord Stream 2 pipeline, built to increase the flow of Russian gas into Europe’s… Read More
5th May 2020
Banks face longer transaction processing times and possible sanction violations as the coronavirus crisis puts pressure on their compliance control functions, experts warn. Customers’ rapidly changing supply chains are a growing concerns for banks. As lockdown measures are causing logistical challenges, businesses must increasingly change third-party providers at short notice,… Read More
1st May 2020
Fragile hopes of ending the six-year conflict in Ukraine that might pave the way to an easing of European sanctions on Russia have evaporated as Moscow and Kyiv find themselves in renewed deadlock. Foreign ministers from Russia, Ukraine, Germany and France made virtually no progress on a video-conference Thursday as… Read More
30th April 2020
Several Swiss companies and banks have found themselves in the line of fire as the United States ramps up pressure on the Venezuelan government. Washington has sanctioned numerous top officials for money laundering and drug trafficking in the oil-rich but economically flailing Latin American nation. The Venezuelan economy is in… Read More
30th April 2020
At times it can seem as if Swedbank’s recent history has been taken from the plot of a Nordic noir novel. There is a procedural bleakness to the Swedish bank’s money laundering scandal and a complexity to it all that does little to resolve the moral ambiguities of institutional malfeasance. Read More
28th April 2020
The United States faces a tough, messy battle if it uses a threat to trigger a return of all United Nations sanctions on Iran as leverage to get the 15-member Security Council to extend and strengthen an arms embargo on Tehran, diplomats said. Washington has shared its strategy, confirmed by… Read More
16th April 2020
The United States accused North Korea on Wednesday of employing an array of old and new forms of cyberattacks to steal and launder money, extort companies and use digital currencies to gain cash for its nuclear weapons program. The report — issued jointly by the State Department, the Department of… Read More
14th April 2020
The disgraced Fifa executive Jack Warner visited Vladimir Putin at the Kremlin less than a week before an alleged multimillion-dollar bribery scheme was initiated by Russia to buy his vote in the competition to host the 2018 World Cup. The Trinidad and Tobago official is alleged to have been paid… Read More
10th April 2020
Criminal proceedings have been brought against a group of persons who are accused of attempting to legalize more than seven million euros of illicit funds using several companies and shady transactions, according to the State Revenue Service (VID) on April 9. The proceedings include a pre-trial investigation of the… Read More
7th April 2020
AP — Prosecutors revealed new details of alleged bribes paid to FIFA executive committee members to gain their votes for Qatar to host the 2022 World Cup and charged a pair of former 21st Century Fox executives with making illegal payments to win broadcast rights for the 2018 and… Read More