EUROPE
Europe
European Central Bank’s President claims bitcoin enables money laundering
European Central Bank President Christine Lagarde took aim at Bitcoin’s role in facilitating criminal activity, saying the cryptocurrency has been enabling “funny business.”
“For those...
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Turkish prosecutors issue warrant against businessman linked to U.S $511 million fraud scheme
Turkish prosecutors on Tuesday issued a detention warrant against Sezgin Baran Korkmaz, a Turkish businessman with links to Utah-based business executives who have pleaded...
Irish charity Goal ex-employee pleads guilty to bribery involving aid contracts
A former employee of Irish charity Goal has pleaded guilty to bribery in a substantial bid-rigging case involving the charity’s aid programme in Syria.
In...
Pope Francis strips Vatican secretariat of state of financial assets
Pope Francis has formally stripped the Vatican secretariat of state of its financial assets and real estate holdings following its bungled management of hundreds...
How will Brexit impact sanctions and money laundering rules?
As the UK prepares for a future outside of the EU, one of the areas financial services companies in particular have to consider is...
Malta’s Appeals Court slash Satabank’s €3.7m money laundering fine to €851,000
The Appeals Court has reduced a €3.7 million fine imposed by the Financial Intelligence Analysis Unit on Satabank to €851,000 after it ruled that...
Turkish parliament approves oversight law for NGOs in fight against money laundering
Turkey’s parliament on Sunday approved a controversial law approving the oversight of associations and foundations, which critics say will stifle NGOs and damage civil...
French investigators to question ex-Nissan chief Carlos Ghosn in Lebanon
A team of French investigators will come to Beirut next month to participate in interrogating former Renault-Nissan boss Carlos Ghosn, a Lebanese justice ministry...
Explainer: What Does the Brexit Deal Mean for Financial Services?
The U.K. government and the European Union have agreed a trade deal to replace current arrangements which end on New Year’s Eve when the...
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Former hospital fundraiser John Paul Funes sentencing set for Oct. 17
Former hospital fundraiser John Paul Funes is scheduled to be sentenced Oct. 17 for stealing $550,000 from the Our Lady of the Lake Foundation,...
Former correction officers’ union chief loses bribery appeal
A federal appeals court on Tuesday upheld the bribery conviction of Norman Seabrook, the once-powerful head of New York City’s correction officers’ union, and ordered the...
Former college president arrested for $82,000 shopping spree on school’s debit card
The former president of a private medical career college in Florida was arrested Dec. 31 on charges of grand theft, money laundering and fraud...
Former Attorney at La Mesa Law Firm Sentenced in Fraud and Money Laundering Case
A disbarred attorney was sentenced Friday to 18 months in federal prison for defrauding clients and investors out of hundreds of thousands of dollars...