18th September 2019
The investigation that led to the arrest last week of a senior Canadian intelligence official was triggered by the discovery in 2018 of a document held by a Vancouver businessman who was suspected of operating a mobile-phone network used to distribute narcotics and payments, a person familiar with the… Read More
18th September 2019
The ex-head of Ukraine’s national bank has told the BBC she fears for her life after one of her homes near Kiev was badly damaged in an arson attack. Valeria Gontareva was also injured last month when she was knocked down by a car in London, where she now lives. Read More
18th September 2019
The identity of those who own the stricken yacht that ran aground on a Western Australia reef allegedly carrying $1 billion of illicit drugs has been masked in secrecy. But nine.com.au can reveal a faceless offshore trust set up in the secretive Cook Islands is the registered owner of the… Read More
18th September 2019
A radical plan to discourage cash payments and reduce runaway tax evasion has some Italians up in arms. With one of the highest tax rates in Europe, Italy lost 107.5 billion euros ($118.5 billion) to tax dodging and under-reporting in 2016. The country has an evasion rate of about… Read More
18th September 2019
An industry group representing Florida banks pushed for an exemption to U.S. sanctions on Venezuela that were issued last week, executives said on Tuesday, arguing the measures had affected customers with no ties to President Nicolas Maduro. The Trump administration on Aug. 5 tightened sanctions against Venezuela, freezing all government… Read More
18th September 2019
The cryptocurrency industry is rushing to comply with new anti-money-laundering standards that require exchanges and other firms to share information about their customers. The standards, adopted in June by the Financial Action Task Force, require cryptocurrency exchanges, some digital wallet providers and other firms to send customer data—including names… Read More
17th September 2019
Germany’s biggest tax scandal has landed the masters of the financial universe with an unflattering label: criminal organizations. It’s an allegation not leveled by finger-wagging populist crusaders, but prosecutors seeking to push their case beyond a probe of lost revenue. Now two dozen financial institutions caught up in the so-called… Read More
17th September 2019
FINRA is fining J.P. Morgan Securities $1.1 million for failing to report 89 internal investigations against its advisors and employees between 2012 and 2018. The timeline covers the period of time when former JPMorgan financial advisor Johnny Burris began whistleblowing about product pushing and other alleged problems at the bank. Read More
17th September 2019
The former president of a unit of Petroleos de Venezuela SA and two European wealth managers were charged with money laundering as a U.S. probe into a $1 billion bribery scheme expands. The three charged are Javier Alvarado Ochoa, a Venezuelan citizen and former president of PDVSA purchasing… Read More
17th September 2019
A national bank regulator is trumpeting his agency’s oversight as a good business proposition. Banks are taking him up on it. Fifth Third Bancorp is the latest company to seek supervision from Trump-appointed regulators who have struck a friendlier tone with the industry. The Office of the Comptroller of… Read More