News

7th March 2016

Brazil police search former President Lula’s home in corruption probe

Police searched the home of Brazil's powerful ex-president Luiz Inacio Lula da Silva and detained him for questioning Friday in a probe into a huge corruption scheme. Read More

7th March 2016

Germany: Bundesbank unsure about phasing out €500 notes

Germany’s central bank has cast doubt on what impact abolishing the €500 note would have on money laundering and the financing of terrorism. EurActiv Germany reports. Read More

4th March 2016

US: Former head of credit union took bribes for bitcoin, feds says

The former chairman of a Jackson federal credit union was charged today in federal court with accepting more than $150,000 in bribes to turn over the credit union's functions to operators of an illegal bitcoin exchange. Read More

4th March 2016

Latvia: Scandal-Hit Baltic Bank Shut by ECB as Watchdog Vows Cleanup

A Latvian lender linked to a string of money-laundering probes was closed by the European Central Bank. Read More

4th March 2016

US: Casinos Asked to Help Fight Money Laundering

LAS VEGAS (CN) - Nationwide proliferation of casinos feeds a $300 billion annual money laundering industry, the federal government says, and it's asked the gambling industry to help stop it. Read More

4th March 2016

UBS ordered to court in tax case over Singapore bank secrecy

The US sought to make UBS Group AG turn over records on an account in Singapore held by a US citizen, possibly forcing a showdown with the city-state over its bank-secrecy laws and opening a new front against offshore tax evasion beyond Switzerland. Read More

4th March 2016

Brazil’s lower house speaker to go on trial for corruption

Brazil’s Supreme Court on Thursday voted to allow the Lower House speaker Edward Cunha to go on trial for corruption. Read More

4th March 2016

Spain’s Princess Cristina takes stand at her tax evasion trial

Palma (Spain) (AFP) - Spain's Princess Cristina, the country's first royal to face criminal charges since the monarchy's 1975 restoration, on Thursday took the stand in a landmark corruption case centred on her husband's business dealings. Read More

4th March 2016

Guatemala’s ex chief pleads not guilty in NY

NEW YORK: Guatemala's former national football chief pleaded not guilty in New York on Wednesday just hours after being extradited from the Central American country over the FIFA corruption scandal rocking world football. Brayan Jimenez, 61, was placed under house arrest after posting a $1.5 million bond, $75,000 of it in cash. Read More

4th March 2016

Pakistan: Revelations by money laundering suspect to be assessed

ISLAMABAD: Interior Minister Chaudhry Nisar Ali Khan decided on Wednesday to form a committee to examine legal aspects of the claims made by Sarfaraz Merchant, a suspect in the money-laundering case against the MQM leadership. Read More