5th March 2019
UK regulators conducted unannounced inspections of 50 estate agents and disclosed fines against Countrywide and other businesses as part of a crackdown on money laundering, HM Treasury said Monday. The surprise reviews by HM Revenue & Customs (HMRC) officers targeted estate agents suspected of failing to register as… Read More
5th March 2019
Australia’s corporate regulator is interviewing top executives at the Commonwealth Bank of Australia as part of an investigation into alleged failure to prevent possible money laundering, the Australian Financial Review (AFR) reported on Tuesday. CBA in 2018 agreed to a civil penalty of A$700 million ($496.23 million) to settle charges… Read More
5th March 2019
Leaked documents indicate that Nordea Bank and other institutions processed billions of euros in suspicious transactions from a network of shell companies, Finnish television network Yle reported Monday. The data leak shows that 700 million euros flowed through the bank despite signs that at least some of the funds could likely… Read More
5th March 2019
AP—Another member of Canadian Prime Minister Justin Trudeau’s Cabinet resigned Monday over a scandal that has shaken the government in an election year. Treasury Board president Jane Philpott, considered a star minister, said in a resignation letter that it was “untenable” for her to continue in the Cabinet because… Read More
5th March 2019
The Trump administration said on Monday it would allow lawsuits by U.S. citizens against dozens of Cuban companies and other entities on Washington’s blacklist but will maintain, for now, a ban against suing foreign firms doing business on the communist-ruled island. The move marked an intensification of U.S. pressure on… Read More
5th March 2019
Shares in Nordea, the Nordic region’s biggest bank, tumbled on Monday after Finnish public broadcaster Yle announced it would air a program later in the day containing allegations of money-laundering through the bank. Yle said a large data leak showed that hundreds of millions of euros from suspicious sources had… Read More
4th March 2019
European Union member states unanimously rejected on Friday a proposal to blacklist Saudi Arabia and four U.S. territories for lax controls on terrorism financing and money laundering, sources told Reuters. Saudi Arabia, a major importer of EU weapons and goods, had lobbied against being branded a “high-risk” country, as had… Read More
4th March 2019
Democratic lawmakers are seeking to question Deutsche Bank and dozens of individuals as part of a sweeping probe into alleged corruption, obstruction of justice and money laundering linked to President Donald Trump. The chairman of the U.S. House Judiciary Committee disclosed plans Sunday to request records from 60 individuals with… Read More
4th March 2019
AP—A spokesman for Latvia’s central bank says the governor, who is also a member of the European Central Bank and is investigated for alleged bribery, has returned to work. Janis Silakalns said Thursday that Ilmars Rimsevics returned to his office on Wednesday, a day after the EU Court of… Read More
4th March 2019
The lawyers for Huawei Chief Financial Officer Meng Wanzhou are suing the Canadian government, its border agency and federal police, alleging their client was detained, searched and interrogated for three hours in violation of her constitutional rights. Canada arrested Meng in Vancouver on Dec. 1 at the request of the… Read More