11th March 2016
Bogota - Colombia dismantled an international money laundering network with the arrest of 13 suspects, including five flight attendants, prosecutors said. Read More
11th March 2016
MANILA, Philippines - A Filipino businessman, one of six people under investigation for the alleged laundering of $81 million dollars thought to have been stolen from the U.S. account of Bangladesh's central bank, on Friday asked authorities to unfreeze his bank accounts, denying involvement in the scheme. Read More
11th March 2016
Yak Yew Chee, a BSI Bank Singapore executive whose financial accounts were frozen as part of a probe related to a Malaysian government fund, left the bank in February, according to the firm. Read More
10th March 2016
The discovery of $81 million in alleged laundered money that entered the country’s banking system will serve as a lesson to future money launderers to shy away from doing their illegal acts in the Philippines, a local banker said. Read More
10th March 2016
The Manager of the Rizal Commercial Banking Corp. branch on Jupiter Street in Makati City—gatekeeper of the suspicious bank accounts involved in the $81-million cross-border remittance being investigated by antimoney laundering authorities—is either a negligent banker or a scapegoat, depending on which narrative one reads. Read More
10th March 2016
Washington (AFP) - Two units of a Cayman Islands financial institution have pleaded guilty to helping US clients hide money as the US crackdown on tax evasion reaches beyond Switzerland, officials said Wednesday. Read More
10th March 2016
A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion (£703 million) heist last month involving the Bangladesh central bank and the New York Fed, banking officials said. Read More
10th March 2016
The daughter of Malaysian Prime Minister Najib Razak’s close ally was employed by Goldman Sachs Group Inc. during the time when the investment bank worked for the Malaysian state-run fund 1Malaysia Development Bhd, the Wall Street Journal reported Thursday, citing sources. The 1MDB has been the center of scandal since last July, when hundreds of millions of dollars were traced to the personal bank accounts of Razak. Read More
10th March 2016
The charges also include fraud, breach of public trust, fraudulent receipt of a benefit under aggravated circumstances, theft, money-laundering, tax violations and conspiracy to commit a felony. Read More
10th March 2016
Sao Paulo: Former Brazilian President Luiz Inacio Lula da Silva was charged in a money laundering investigation led by Sao Paulo state prosecutors on Wednesday, intensifying scrutiny of the politician questioned in a separate federal graft probe last week. Read More