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29th October 2020

Bahrain: 5 Future Bank officials jailed for money laundering

Bahrain’s High Criminal court on Wednesday sentenced five Future Bank officials to five years in prison and fined them one million Bahraini dinars (Dh9.8 million) each, in the latest of a series of money-laundering cases against Iranian banks, Bahrain News Agency reported. “The court found all defendants guilty of money-laundering… Read More

29th October 2020

Barcelona judge probes Catalan separatism links with Russia, money laundering

AP — A judge in Barcelona is probing possible links between some of the promoters of Catalonia’s 2017 attempt to declare independence from the rest of Spain with an alleged misinformation campaign and overall effort to destabilize Europe that Spanish investigators link to Russia. The probe authorized by judge… Read More

29th October 2020

Cuba says U.S. sanctions to end remittances, Western Union says not so fast

Cuba said late on Tuesday Western Union would have to shut down its operations on the island due to new U.S. sanctions, thereby cutting off key remittances, but the money transfer firm said it was still exploring ways to comply with the new rules. President Donald Trump’s administration said last… Read More

29th October 2020

Greece: Tsochadzopoulos sentenced for money laundering over Swiss contract

Former minister Akis Tsochadzopoulos, his wife and his cousin were found guilty of money laundering by a criminal appeals court on Tuesday. Each was served a six-year sentence and a 100,000-euro fine, but they were set free on 20,000-euro bails each, as their sentences were suspended. They were also banned… Read More

29th October 2020

Philippines’ Duterte orders graft probe across state agencies

Philippine President Rodrigo Duterte said on Tuesday he had ordered the justice ministry to launch a sweeping investigation into graft across all government agencies, conceding that his country continued to be “plagued with corruption.” In 2016, Duterte won the presidency campaigning on a promise to fight corruption, crime and illegal… Read More

29th October 2020

Ireland: Ex solicitors had 60 fake identities to defraud banks out of €395,000

A married couple who are former solicitors created 60 false identities, donned disguises and paid homeless people for their PPS numbers in order to defraud banks and credit unions of several hundred thousand euro, Cork Circuit Criminal has heard. Keith Flynn (46) and Lyndsey Clarke (37), of Blarney Street in… Read More

29th October 2020

Likud MK Haim Katz set to be charged with tax dodging

Attorney General Avichai Mandelblit informed Likud MK Haim Katz Tuesday that he intends to indict him for alleged tax offenses, pending a hearing. Mandelblit’s intention to do so was first reported Monday night by Channel 12. Katz, who already faces another indictment on fraud and breach of trust charges, is… Read More

29th October 2020

Beam Suntory to pay $19 million to settle bribery probe

Beam Suntory Inc. has agreed to pay $19.5 million to resolve a criminal probe into bribes the maker of spirits allegedly paid to sell a line of its products in India, the U.S. Justice Department said. The settlement between Chicago-based Beam and federal prosecutors defers a charge that it conspired… Read More

29th October 2020

Bannon-Linked border group seeks to lift U.S. freeze on funds

A foundation backed by former presidential adviser Stephen Bannon has asked a judge to lift a freeze on its bank accounts put in place after Bannon and three others were indicted for fraud and money laundering in connection with funding the private construction of a U.S. border wall. Prosecutors secretly… Read More

28th October 2020

Company ownership secrecy prevails in Southeast Asia, UN report says

Southeast Asian countries are lagging behind in the adoption of registries with information on companies’ true owners, a tool deemed crucial to fight corruption, money laundering and terrorism financing, according to a report by the United Nations Office on Drugs and Crime. “While transparency in the banking sector is… Read More

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