Featured USA

U.S. sanctions Latvian oligarch charged with corruption

The United States on Monday sanctioned Aivars Lembergs, the suspended mayor of Latvia’s seaport city of Ventspils and an oligarch with substantial influence in the country’s politics, over alleged corruption, the U.S. Treasury said in a statement. According to the Treasury’s Office of Foreign Assets Control (OFAC), Lembergs controls “entities… Read More

Money Laundering Battle Drives Japan Banks to JPMorgan’s Payments Network

JPMorgan Chase & Co.’s blockchain-based payments network is drawing the greatest interest in Japan, a country long blamed for weak measures against money laundering. More than 80 Japanese banks have expressed a willingness to join the Interbank Information Network, said Daizaburo Sanai, an executive director at the U.S. firm. Read More

U.S. Is Discussing Goldman 1MDB Settlement Below $2 Billion

Goldman Sachs Group Inc. could end up paying less than $2 billion to resolve U.S. criminal and regulatory probes over its role in raising money for scandal-ridden Malaysian investment fund 1MDB, said three people familiar with the negotiations. The Justice Department and other federal agencies, in internal discussions… Read More
9th December 2019
Sanctions aimed at blocking the Nord Stream 2 natural gas pipeline from Russia to Germany were included by U.S. lawmakers a must-pass defense bill, according to two people familiar with the legislation. The sanctions, which would apply to companies building the pipeline project of Russian energy company Gazprom PJSC, are… Read More
6th December 2019
The Trump administration Thursday placed a $5 million bounty on the leader of a Russian hacker group called Evil Corp for his alleged work for Moscow’s intelligence agency, part of what U.S. officials say is a broader reprisal for a Kremlin-directed cyber offensive against the U.S. The State Department’s action against Maksim Yakubets… Read More
5th December 2019
Take the arrest of an Iranian-born Turkish citizen during a jaunt to Disney World. Factor in the irrepressible Rudy Giuliani, who briefly served as the arrested man’s lawyer. Add a dash of Turkey’s authoritarian leader, Recep Erdogan, a favorite of President Donald Trump. Mix in a massive leak of more… Read More
4th December 2019
U.S. financial regulators need to issue additional guidance for bank examiners charged with reviewing how lenders monitor accounts held for money transmitting businesses, the Government Accountability Office (GAO) said Tuesday.  In a 79-page report on why banks have shed accounts for the firms in recent years, the GAO concluded… Read More
4th December 2019
Banks are no longer required to file suspicious activity reports on customers who cultivate hemp, industry regulators said. A group of financial regulators on Tuesday clarified the compliance requirements for banks whose customers produce hemp, a variety of the cannabis plant that is often used for its fiber… Read More
3rd December 2019
A federal jury in Brooklyn found a Lebanese shipbuilding executive not guilty of fraud and money-laundering charges related to $2 billion of debt deals in Mozambique, a spokesman for the U.S. Attorney’s Office said. Jean Boustani, a salesman for shipbuilder Privinvest Group, was found not guilty on charges of wire… Read More
3rd December 2019
The U.S. Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank’s role in the 200 billion euro ($220 billion) Danske Bank money laundering scandal, four people familiar with the inquiry told Reuters. One source said the DoJ’s new line of inquiry is whether Deutsche (… Read More
2nd December 2019
A man was arrested in California and accused of traveling to North Korea to deliver a presentation on using cryptocurrency and blockchain technology that could help the country evade sanctions, federal prosecutors in New York said Friday. Virgil Griffith, 36, was arrested Thursday at Los Angeles International Airport after he… Read More
2nd December 2019
Mexican President Andres Manuel Lopez Obrador said on Friday that his government was committed to fighting organized crime, seeking to dispel fears that the United States could take matters in its own hands in the fight against drug cartels. U.S. President Donald Trump said earlier this week that he plans… Read More
29th November 2019
The wanted runaway politician, businessman and equestrian Oleksandr Onyshchenko has said he is about to return to Kyiv on Dec. 13 to face down accusations of fraud and money laundering. “I believe it is time,” he told the Kyiv Post on Nov. 21. As proof, millionaire Onyshchenko sent the Kyiv Post his… Read More