Thursday, April 22, 2021

Europe

Danske Bank CEO resigns over money laundering probe into ABN Amro

The chief executive of Denmark’s Danske Bank resigned on Monday after Dutch authorities named him as a suspect in an investigation into violations of money-laundering regulations at lender ABN Amro . Chris Vogelzang, who held some senior positions at Amsterdam-based...

ABN Amro to pay $574 million to settle money laundering probe

Dutch bank ABN Amro on Monday said it had reached a 480-million-euro ($574 million) settlement with prosecutors in the Netherlands over money laundering allegations, which will impact its first-quarter results. ABN Amro said in a statement it had agreed to...

Former NHS executive jailed for £1.4m fraud

A former NHS executive has been jailed for defrauding the health service and several companies - including those providing care for vulnerable adults. Stephen Day, who was also a chartered accountant, was sentenced to 11 years and five months in...

Soccer player Nathan Blockley used as a mule in money laundering operation

A FORMER Scots footballer was a “mule” in a cross-border money-laundering operation to fund his cocaine addiction. Nathan Blockley, 28, was snared by cops withdrawing £6,500 of fraudulent funds on November 27, 2018. The ex-Airdrie and Peterhead midfielder - who was...

UK government approve extradition of Nirav Modi to India to face fraud charges

In a victory for Narendra Modi government, UK Home Secretary Priti Patel on Friday has approved the extradition of fugitive diamond merchant Nirav Modi, wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab...

Italian court issues arrest warrant for financial broker involved in Vatican’s real estate scandal

Italian magistrates have issued an arrest warrant for Gianluigi Torzi, a financial broker caught up in a scandal involving the Vatican’s purchase of a building in an upscale London area, police said on Monday. Financial police said in a statement...

Portugal ex-PM Socrates ordered to stand trial for money laundering

A Lisbon judge ruled Friday to put former Portuguese Prime Minister José Sócrates on trial for alleged money-laundering and forgery but said the statute of limitations had expired on more than a dozen corruption allegations. Judge Ivo Rosa said that...

Oil heiress Anna Bettozzi arrested in mafia fuel fraud operation

Dozens of people have been arrested, including an oil heiress and singer who was found with €300,000 (£260,000) in cash when her Rolls-Royce was pulled over in 2019, as Italian police disrupted a massive fuel fraud by mafia groups. Police...

French court cuts Latvian lender Rietumu Banka fine in tax case

Latvian lender Rietumu Banka won a 75% reduction in what was once France’s highest criminal fine for a company. Rietumu, which had allegedly helped clients of a company-registration and advisory firm dodge taxes, will still have to pay 20 million euros ($23.6...

Cyprus-based companies obliged to show true company owners in new digital registry

A new digital registry obliging Cyprus-based companies to declare their true owners puts the east Mediterranean island nation in line with European Union regulations against terror financing and organized crime, the country's commerce and energy minister said on Tuesday. Natasa...

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