15th May 2019
Facing unprecedented pressure to clamp down on criminal groups, UK law enforcement officials are in need of an additional £2.7 billion in funding over the next three years, the head of the National Crime Agency (NCA) said Monday. The agency is seeking a 54-percent increase in its annual budget, which… Read More
15th May 2019
A group of Republican and Democratic U.S. senators introduced legislation on Tuesday seeking sanctions targeting the Nord Stream 2, a planned gas pipeline from Russia to Germany under fire from the United States and some European Union countries. The bill introduced by Republican Senators Ted Cruz, John Barrasso and Tom… Read More
15th May 2019
A Brazilian court will allow investigators to examine the banking records of President Jair Bolsonaro’s senator son and his former driver in a money-laundering investigation, two sources with knowledge of the situation told Reuters on Monday. The office of Senator Flavio Bolsonaro confirmed that a court in a sealed ruling… Read More
15th May 2019
A judge on Tuesday ordered Susana Villaran, the former mayor of the Peruvian capital Lima, to 18 months in pre-trial detention in connection with alleged bribes from Brazilian construction companies Odebrecht and OAS. Judge Jorge Chavez said Villaran would seek to obstruct an ongoing corruption probe unless detained before trial,… Read More
15th May 2019
Bulgarian Agriculture Minister Rumen Porozhanov resigned on Tuesday, the latest high-level official to step down in scandals involving purchases of luxury properties and the building of guest houses with EU aid for private use. Porozhanov quit two weeks after prosecutors launched a large-scale probe into possible fraud with EU rural… Read More
15th May 2019
AP — Drug and money-laundering investigators joined by U.S. federal agents raided a villa linked to one of Venezuela’s richest men, Dominican officials say. Billionaire Samark López Bello was recently indicted by federal prosecutors in New York for allegedly violating sanctions on Venezuela. He has close ties to former Venezuelan… Read More
15th May 2019
First quarter net profit halved at United Company Rusal year-on-year as the lingering effects of U.S. sanctions and depressed global prices hit the Russian aluminum giant. However the weak performance is likely to be a one-off event, analysts said, as Rusal continues on the road to recovery following 10 months… Read More
15th May 2019
AP — A former El Salvador first lady has pulled out of a deal with prosecutors to plead guilty to corruption charges after they demanded she return $17.3 million in allegedly ill-gotten gains. Ana Ligia de Saca’s deal would have given her an abbreviated legal process and community service instead… Read More
15th May 2019
European Union finance ministers are set to remove this week the British overseas territory of Bermuda, the Dutch Caribbean island of Aruba and Barbados from the bloc’s blacklist of tax havens, an EU official said on Monday. The three islands were added to the list in March because the EU… Read More
14th May 2019
The European Union’s financial privacy rules could face renewed scrutiny from regulators and lawmakers in the aftermath of a €200-billion money laundering scandal that went undetected in the bloc for years, according to Bloomberg. The disclosure that Danske Bank’s Estonian branch served as a conduit for Russian money laundering highlights “huge,”… Read More