Cryptocurrency expert accused of assisting North Korea in evading sanctions
2nd December 2019
Cryptocurrency expert accused of assisting North Korea in evading sanctions
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
Mexico bristles at U.S. cartel sanctions plan, insists it’s doing its part
2nd December 2019
Mexico bristles at U.S. cartel sanctions plan, insists it’s doing its part
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
Norway Police to Investigate DNB After Iceland Laundering Report
2nd December 2019
Norway Police to Investigate DNB After Iceland Laundering Report
Police in Norway will investigate the country’s biggest bank after it was reportedly used by an Icelandic fishing company to launder money. The probe will try to determine whether DNB ASA, which is based in Oslo, committed any punishable offenses, Hedvig Moe, acting chief of the Norwegian National Authority for… Read More
IMF to examine Nordic efforts to stop money laundering in the Baltics
29th November 2019
IMF to examine Nordic efforts to stop money laundering in the Baltics
The International Monetary Fund will examine efforts by Nordic banks and regulators to stop money laundering in the region and the Baltic countries, Sweden’s central bank said on Thursday, following a string of alleged lapses. Nordic banks have been hit by a steady stream of allegations over failures to combat… Read More
Ukraine’s central bank blames Kolomoisky for campaign of intimidation
29th November 2019
Ukraine’s central bank blames Kolomoisky for campaign of intimidation
Ukraine’s central bank has issued an unprecedented statement accusing local oligarch Ihor Kolomoisky, the former owner of nationalized lender PrivatBank, of orchestrating a campaign of intimidation against the institution and its staff. The National Bank of Ukraine (NBU) has been targeted by protesters accusing the bank’s management of corruption and… Read More
Brazil’s top court eases access to confidential information in criminal probes
29th November 2019
Brazil’s top court eases access to confidential information in criminal probes
Brazil’s police and prosecutors can access confidential tax and financial information without a court order, the country’s Supreme Court ruled on Thursday, clearing the way for authorities to reopen an investigation of the president’s son. A majority of the high court’s justices voted to allow public prosecutors in financial crime… Read More
After 3 years in exile, scandalous millionaire to return to Ukraine, face charges
29th November 2019
After 3 years in exile, scandalous millionaire to return to Ukraine, face charges
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
The Case of Sergei Magnitsky: Questions Cloud Story Behind U.S. Sanctions
29th November 2019
The Case of Sergei Magnitsky: Questions Cloud Story Behind U.S. Sanctions
There’s a tombstone in northeastern Moscow that bears the portrait of a man with a friendly yet somewhat uneasy smile. His name is Sergei Leonidovich Magnitsky. He was born in April 1972 in Odessa, Ukraine, and died in November 2009 in Moscow. To this day, 10 years after the fact,… Read More
Top HSBC Risk Head to Take Sabbatical as Bank Faces BOE Warnings
29th November 2019
Top HSBC Risk Head to Take Sabbatical as Bank Faces BOE Warnings
HSBC Holdings Plc’s head of operational risk, who has been in the role for almost six years, has asked to take a sabbatical. Mark Cooke, whose role involves overseeing non-financial risks such as financial crime, staff misconduct and compliance breaches, has requested a sabbatical, the bank said in an email. Read More
Scandal-Hit Westpac to Refund Some Buyers of New Shares
29th November 2019
Scandal-Hit Westpac to Refund Some Buyers of New Shares
Australia’s Westpac Banking Corp offered to refund people who bought new shares weeks before a lawsuit accusing it of millions of breaches of money laundering laws, a move some investors said was to fend off criticism about its transparency. The country’s oldest and second-largest bank has… Read More
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