Friday, August 19, 2022

Europe

Former Barclays traders jailed for rigging Euribor rate

Two former Barclays bankers have been sentenced to nine years in jail for attempting to rig a key financial lending rate at the height of the financial crisis. Carlo Palombo, a 40-year-old former trader, and ex-managing director Colin Bermingham, 62,...

New Application of Anti-Money Laundering Rules to Art Transactions

Art dealers and intermediaries are about to face new transparency regulations in several European nations. Art brokers and dealers involved in any cross-border transactions with people in E.U. nations should pay careful attention to the new rules as they...

HMRC: Five people charged over £12m money laundering and VAT fraud

Five people have been charged in connection with alleged money laundering and VAT fraud worth £12m. The four men and a woman, from Bathgate, Cambuslang and Giffnock, are aged between 34 and 61. The arrests were part of an...

Hagens Berman Alerts Swedbank Investors of Investigation of Possible Disclosure Violations and Money Laundering

Hagens Berman Sobol Shapiro LLP alerts investors in Swedbank AB (Other OTC: SWDBY) of the firm's investigation of possible violations of the Federal securities laws.  If you purchased or otherwise acquired Swedbank securities beforeMarch 28, 2019and suffered losses contact Hagens Berman...

OECD Publishes Follow-up Report on UK’s Implementation of Anti-Bribery Convention

On March 21, the Organisation for Economic Co-operation and Development’s (OECD’s) Working Group on Bribery (Working Group) published its “Phase 4 Two-Year Follow-Up Report” on the United Kingdom’s implementation of the OECD anti-bribery convention. The Working Group’s report follows...

Swedbank dumps CEO as money laundering claims spook investors

Swedbank dismissed Birgitte Bonnesen as chief executive on Thursday only an hour before its annual meeting after disgruntled shareholders rounded on her handling of a rapidly-growing money laundering scandal. The lender had repeatedly said it had faith in Bonnesen...

European lawmakers say EU needs financial police, money-laundering watchdog

Members of the European Parliament issued a report on Wednesday saying that the European Union should have its own police force to investigate tax evasion and financial crime, as well as set up a watchdog to counter money-laundering, according...

Swedbank’s Leak Link Suspicious Payments to Manafort-linked Company

A shell company seen as a tool for bribing Ukraine’s runaway president Viktor Yanukovych appears to have made payments to a firm that transferred money to Donald Trump’s former campaign manager, Paul Manafort, reporters of a Swedish broadcaster found after digging...

Malta fails its first Moneyval aml test

Malta’s anti-money laundering regime received a poor grade in a draft Moneyval evaluation, with the government now scrambling to push up its final score before the summer deadline. The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and...

ING Italy investigated over alleged money laundering

Prosecutors in Milan have begun a formal investigation into alleged money laundering involving Dutch bank ING Groep NV’s Italian business, a source close to the matter said. ING had no immediate comment on Tuesday on the investigation, which was launched...

Latest News