5th March 2019
Shares in Nordea, the Nordic region’s biggest bank, tumbled on Monday after Finnish public broadcaster Yle announced it would air a program later in the day containing allegations of money-laundering through the bank. Yle said a large data leak showed that hundreds of millions of euros from suspicious sources had… Read More
4th March 2019
European Union member states unanimously rejected on Friday a proposal to blacklist Saudi Arabia and four U.S. territories for lax controls on terrorism financing and money laundering, sources told Reuters. Saudi Arabia, a major importer of EU weapons and goods, had lobbied against being branded a “high-risk” country, as had… Read More
4th March 2019
Democratic lawmakers are seeking to question Deutsche Bank and dozens of individuals as part of a sweeping probe into alleged corruption, obstruction of justice and money laundering linked to President Donald Trump. The chairman of the U.S. House Judiciary Committee disclosed plans Sunday to request records from 60 individuals with… Read More
4th March 2019
AP—A spokesman for Latvia’s central bank says the governor, who is also a member of the European Central Bank and is investigated for alleged bribery, has returned to work. Janis Silakalns said Thursday that Ilmars Rimsevics returned to his office on Wednesday, a day after the EU Court of… Read More
4th March 2019
The lawyers for Huawei Chief Financial Officer Meng Wanzhou are suing the Canadian government, its border agency and federal police, alleging their client was detained, searched and interrogated for three hours in violation of her constitutional rights. Canada arrested Meng in Vancouver on Dec. 1 at the request of the… Read More
3rd March 2019
AP—The financial intelligence unit of Mexico’s treasury has frozen $156 million of the state Autonomous University of Hidalgo’s funds while it investigates suspected money laundering, Treasury Secretary Santiago Nieto said Friday. The university received the money through Switzerland from accounts in 22 countries, according to the agency. Mexico’s financial… Read More
3rd March 2019
India’s financial crime fighting agency said on Friday it was conducting searches on properties of former ICICI Bank CEO Chanda Kochhar and a top executive of Videocon group, amid probes into suspected conflict of interest and misconduct. Searches, under prevention of money laundering laws, were being conducted in Mumbai and… Read More
3rd March 2019
Hermitage Capital’s founder Bill Browder said on Friday he plans to file criminal complaints with several authorities, including in Sweden, over Swedbank’s alleged link to a Baltic money laundering scandal involving Danske Bank. Browder, once the biggest foreign money manager in Russia and who now campaigns to expose corruption, has… Read More
28th February 2019
The adoption of a European Union money-laundering blacklist, which includes Saudi Arabia as well as Puerto Rico and three other U.S. territories, could be blocked by EU governments under a procedure launched on Thursday, two EU diplomats told Reuters. Some governments opposed adopting the provisional list on Thursday, triggering a… Read More
28th February 2019
UK law enforcement officials are seeking court orders to freeze 95 bank accounts mostly held by overseas students as part of an investigation into money laundering by organized crime groups. The multi-agency effort, led by the newly created National Economic Crime Centre (NECC), is targeting £3.6 million believed to be… Read More