19th October 2020
For years, the United States called on a cadre of senior Mexican officials as its partners in the drug war. But some of the men working most closely with Washington allegedly had a side hustle of helping to traffic drugs. In the past 10 months, two members of Mexico’s elite… Read More
19th October 2020
In this open-ended era of working from home, the financial industry is taking unprecedented steps to police bankers and prevent wrongdoing. Traders at firms like Barclays Plc must certify they work in separate rooms to housemates. Morgan Stanley bankers are using laptops where every key stroke is recorded. Read More
16th October 2020
By Anthony Cormier, Jason Leopold, John Templon, Scott Pham, Jeremy Singer-Vine, Richard Holmes and Tom Warren, BuzzFeed News, 15 October 2020 BuzzFeed News — Long before he emerged as one of the central figures in then–special counsel Robert Mueller’s investigation of President Donald Trump and Russia’s interference in the 2016… Read More
16th October 2020
Twenty people have been arrested as part of an investigation into QQAAZZ, a group that police said had laundered millions on behalf of the world’s most prolific cyber criminals. The arrests, part of a multinational investigation that included police in 15 countries, target a notorious gang of so-called money mules… Read More
16th October 2020
A former Mexican defense minister was arrested on Thursday night after arriving at Los Angeles International Airport with his family, according to the Mexican government, becoming the first high-ranking military official to be taken into custody in the United States in connection with drug-related corruption in his country. The former… Read More
16th October 2020
Wells Fargo & Co. fired more than 100 employees suspected of improperly collecting coronavirus relief funds, according to a person with knowledge of the situation. The firm determined that the staffers defrauded the Small Business Administration “by making false representations in applying for coronavirus relief funds for themselves,” according… Read More
16th October 2020
Billionaire Robert Smith will pay about $140 million and acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax havens, people familiar with the matter said. Smith, chief executive officer of the private equity firm Vista Equity Partners, informed some executives and investors of… Read More
16th October 2020
Brazil’s J&F Investimentos, which controls the world’s largest meatpacker, JBS SA, put an end to a long-running legal dispute in the U.S. over bribes it paid in Brazil, agreeing Wednesday to pay $128 million to settle the case. J&F admitted in 2017 to paying about $150 million in bribes… Read More
15th October 2020
The FinCEN Files, as they have been dubbed by the good folks over at BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ), are certainly headline-grabbing stories and they raise a lot of questions about the efficacy of anti-money laundering (AML) compliance around the globe. Seeing that the Suspicious… Read More
15th October 2020
The U.S. State Department on Wednesday warned international financial institutions doing business with individuals deemed responsible for China’s crackdown in Hong Kong that they could soon face tough sanctions. In a report to Congress, the State Department named 10 people, including Hong Kong’s chief executive Carrie Lam, all of whom… Read More