Featured Spain

Western Advisers Helped An Autocrat’s Daughter Amass And Shield A Fortune

Pausing at the entrance to a star-studded bash at the Cannes Film Festival, ’90s icon Sharon Stone flashed her one-of-a-kind cuff bracelet. It was a wraparound hippo with rubies for eyes, sapphire nostrils and white diamond teeth. Its body was covered in brown, gray and white diamonds. The dazzling ornament… Read More

Danske Sued by International Investors Over Money Laundering

A group of international investors managing trillions of dollars in assets has filed what it says is the first in a series of lawsuits against Danske Bank in connection with the money laundering scandal engulfing Denmark’s largest lender. The writ, which was filed on Friday in the District Court… Read More

After 3 years in exile, scandalous millionaire to return to Ukraine, face charges

The wanted runaway politician, businessman and equestrian Oleksandr Onyshchenko has said he is about to return to Kyiv on Dec. 13 to face down accusations of fraud and money laundering. “I believe it is time,” he told the Kyiv Post on Nov. 21. As proof, millionaire Onyshchenko sent the Kyiv Post his… Read More
25th November 2019
All over the world, the illegal drugs trade is increasing, as is the number of organized criminal gangs involved in the production, dealing and sale of drugs. Demand for them is insatiable, as is these criminal groups’ desire to conquer new markets. The bleak picture we see in Mexico seems… Read More
25th November 2019
Spain’s High Court, the Audiencia Nacional, wants to try Rifaat Ali al-Assad, the uncle of Syrian president Bashar al-Assad, and 13 other people for money laundering activities. Judge José de la Mata is targeting Rifaat Ali al-Assad, a former vice-president of Syria, eight of his children and two… Read More
11th November 2019
The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money laundering at financial firms, after a series of scandals at the bloc’s banks. In a joint statement, Germany, France, Italy, Spain, the Netherlands and Latvia… Read More
11th November 2019
Four members of a family have turned over more than a dozen properties across the United Kingdom and Spain worth US$10.3 million after British authorities accused them of buying them with dirty money. The National Crime Agency says Shane Davies, 47, his wife Rhianna, 34, mother Sheila, 66, and… Read More
1st November 2019
Officials in the Trump administration are pushing for financial sanctions against Spain for what they say is its financial support of Nicolas Maduro’s regime in Venezuela, according to people familiar with the matter. The U.S. Treasury Department is considering sanctions against Spain’s central bank and measures against other entities where… Read More
31st October 2019
Spain’s High Court on Wednesday charged Spanish building and infrastructure company FCC (FCC.MC) with corruption and money laundering in connection with 82 million euros ($91 million) in payments made in Panama. The High Court’s investigative judges said FCC paid bribes to obtain metro and hospital contracts in the… Read More
11th September 2019
As a growing number of banks around the world refuse to move money on President Nicolas Maduro’s behalf, Venezuela has found an ally in the Bank of Spain, according to two people with knowledge of the matter. Venezuela’s central bank is increasingly relying on its Spanish counterpart to transfer and… Read More
3rd September 2019
Two former leaders of Madrid’s regional government were charged on Monday with embezzlement and illegal use of funds to pay bills for their conservative People’s Party, a court document showed. Esperanza Aguirre and Cristina Cifuentes, who held the post in 2003-2012 and 2015-2018 respectively, were accused of corruption for their… Read More
30th July 2019
Spain’s National Court has charged Banco Bilbao Vizcaya Argentaria (BBVA) with “corruption and breach of confidence,” a court spokesman said on Monday. Anti-corruption prosecutors had referred the case to the high court five days earlier. BBVA is Spain’s second-largest bank, with a strong presence in Latin America and the south… Read More
25th July 2019
Spain’s anti-corruption prosecutor has asked Spain’s High Court to put the country’s second-biggest bank, BBVA, under formal investigation as part of a probe into an alleged spying case, the prosecutor’s office said in a statement on Wednesday. The move was widely expected as part of the investigation into the hiring… Read More