Sunday, November 28, 2021

Europe

Switzerland fines SBM $7.5 million for paying bribes in Africa

The Office of the Attorney General of Switzerland (OAG) found that SBM, from 2006 to the start of 2012, had paid more than $22mn and 1 million euros ($1.12mn) in bribes to public officials. SBM subsidiaries paid these principally...

Montenegro President Milo Djukanovic faces probes over alleged involvement in money-laundering ring

Montenegro’s specialised prosecution has launched a probe into allegations by Albanian oil businessman Rezart Taci that President Milo Djukanovic has been participating in an international money laundering scheme, public broadcaster RTCG reported on November 17. Earlier in November, BIRN published...

Luxembourg investigates Lebanon’s Central Bank governor Riad Salameh over alleged money laundering

Luxembourg judicial authorities have opened "a criminal case" in relation to Lebanese Central Bank Governor Riad Salameh and his companies and assets, a judicial representative of the European Union country told Reuters on Monday. A representative of Lebanon's Central Bank said Mr Salameh had...

Swiss watchdog faults two more banks for role in PDVSA money-laundering probe

Switzerland's financial regulator reprimanded two more Swiss banks for breaching their obligations to combat money laundering as it wrapped up a five-year investigation into banks' dealings with people linked to Venezuela's state oil company PDVSA. The FINMA watchdog contacted 30...

Rabobank faces punishment over anti-money laundering failings

Dutch cooperative Rabobank (RABO.UL) said on Monday it had been ordered by the Dutch central bank to fix its customer due diligence practices and that it is facing a "punitive enforcement procedure." In a statement, Rabobank said it had received...

Former Unaoil exec ordered to pay £100,000 for role in Iraq bribery scheme

A former Unaoil senior executive has been ordered to pay back almost £100,000. Stephen Whiteley was sentenced to three years in prison in 2020 after he was found guilty of paying around £400,000 in bribes to win a lucrative oil...

Former world soccer chiefs Sepp Blatter, Michel Platini charged with fraud

Former Fifa officials Sepp Blatter and Michel Platini have been charged with fraud and other offences in Switzerland. Swiss prosecutors say Mr Blatter unlawfully arranged a transfer of two million Swiss francs ($2.19m; £1.6m) to Mr Platini in 2011. Prosecutors say...

Slovak central bank governor Peter Kazimir charged with bribery

Slovak central bank governor Peter Kazimir has been charged with bribery, his lawyer confirmed to Reuters on Tuesday, adding that he denies the charges. Kazimir, who also sits on the European Central Bank governing council, is the most high-profile figure...

Malta fines NBG Bank over money-laundering breaches

A Malta-based bank has been fined €337,422 for a series of money laundering regulations breaches, including weak oversight over a “very well-known” businessman’s multi-million US Dollar transactions. In an announcement made on October 19, the Financial Intelligence Analysis Unit said that...

UK rapper Nines gets 28 months in jail for importing Cannabis

British rapper Nines has been jailed for importing 28kg of cannabis into the UK from Spain and Poland. The chart-topping musician, real name Courtney Freckleton, 31, and Jason Thompson, 35, were both given 28-month sentences. The pair had previously pleaded guilty to...

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