22nd May 2019
Reports of investment scams linked to crypto-assets and foreign currency trades have nearly tripled over the past year compared to the previous 12-month period, two UK organizations said Tuesday. Investors in the online trading schemes lost £27 million over the year, with average losses for individuals totaling £14,600, according to… Read More
22nd May 2019
Mexico’s government will auction a Lamborghini, homes and other assets seized from gangsters and at least one former politician, officials said on Tuesday, part of a “Robin Hood” program to use millions of dollars in ill-gotten gains to aid the poor. The first auction, set for Sunday, will seek bids… Read More
22nd May 2019
U.S. investment bank JPMorgan raised its probability of a no-deal Brexit to 25 from 15%, saying its base case is that Boris Johnson becomes prime minister, followed by a general election and then another delay to Britain’s exit to the end of the year. JPMorgan raised the probability of an… Read More
22nd May 2019
AP — A Virginia man who previously headed the Newport News-Williamsburg International Airport has been indicted on charges related to the airport’s loan to a defunct airline. News outlets report Ken Spirito was arrested Monday on charges including money laundering. An indictment unsealed that day says he worked to hide… Read More
21st May 2019
British lawmakers issued a report Monday outlining potential loopholes in draft legislation intended to help better identify foreign criminals seeking to launder money in UK property. The 86-page report by members of the UK House of Lords and House of Commons concluded that the current version of the Registration of… Read More
21st May 2019
AP — Iran quadrupled its uranium-enrichment production capacity amid tensions with the U.S. over Tehran’s atomic program, nuclear officials said Monday, just after President Donald Trump and Iran’s foreign minister traded threats and taunts on Twitter. Iranian officials made a point to stress that the uranium would be enriched only… Read More
21st May 2019
A U.S. judge on Monday ruled in favor of a U.S. House of Representatives committee seeking President Donald Trump’s financial records from his accounting firm, dealing an early setback to the Trump administration in its legal battle with Congress. U.S. District Judge Amit Mehta in Washington also denied a request… Read More
21st May 2019
A former Credit Suisse Group AG banker pleaded guilty on Monday to a U.S. charge that she helped launder money from a kickback scheme involving $2 billion in loans to state-owned companies in Mozambique. Detelina Subeva, 37, pleaded guilty to one count of money laundering conspiracy before U.S. District Judge… Read More
21st May 2019
AP — Spanish police say they have arrested four people as part of a judicial probe into a money laundering racket allegedly involving funds coming from Venezuela’s state-run oil company PDVSA. Police have confirmed Spanish media reports to The Associated Press that the four detainees are also facing charges of… Read More
21st May 2019
Swedbank on Monday called an extraordinary general meeting on June 19 to vote on three new board members as it tries to rebuild its scandal-hit reputation. The Swedish lender has endured a turbulent few months since it was linked to money laundering at Danske Bank, which has said that its… Read More