Former private bank M.M. Warburg banker jailed in German tax fraud scandal
A former executive at private bank M.M. Warburg on Tuesday became the first banker to be jailed over a multi-year scam to bilk the German state of billions of euros by filing bogus claims for tax rebates on stock...
UK banks suspend payments to cryptocurrency exchanges
Banks are cracking down on transfers to cryptocurrency exchanges by suspending payments to the sector amid rising fears that it has become a hotbed for financial crime.
Customers of banks including Barclays, Monzo and Starling are among those to have...
Albania investigates chief judge over designer clothes in TikTok videos
Albania’s Inspector of Justice on Monday ordered an investigation into Enkeleda Kapedani, the chief judge on the Elbasan Circuit in central Albania, after several videos of her posing in designer clothing were published by a TikTok account.
One video shows...
New legal challenge over the source of funding of Trump’s Scottish golf course
The Scottish government is facing a new legal challenge over its February rejection of a motion to investigate former U.S. President Donald Trump’s all-cash purchases of two golf courses, reviving an effort to force Trump to disclose how he...
Swiss trader face trial over allegation of laundering Mafia money in $35 million tax scam
A Swiss precious metals and gems trader stands trial on Thursday accused of knowingly buying diamonds worth $750,000 on behalf of Italian criminals to help them launder the proceeds of a $35 million tax scam.
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BNP Paribas accused of laundering money linked to corruption in Gabon
BNP Paribas SA was charged in France over accusations it laundered money stemming from corruption and embezzlement in a case over alleged ill-gotten assets linked to Gabon.
The charges were issued on May 11 as part of an investigation into...
Armenia’s former Deputy Prime Minister Armen Gevorgyan charged with money laundering
The Special Investigations Service (SIS) has charged Former Deputy Prime Minister Armen Gevorgyan with money laundering.
The indictment states that Gevorgyan allegedly used his official position from 2004-2018 to launder 4,921,302,379 drams in revenue. According to the Special Investigations Service,...
France ex-President Sarkozy goes on trial over illegal campaign financing
The trial of former French President Nicolas Sarkozy on charges that his unsuccessful 2012 reelection bid was illegally financed has formally started on Thursday. The scandal had thrown his conservative party into turmoil.
Sarkozy, 66, is facing allegations that he...
US sanctions former Albania Prime Minister Berisha over corruption
The United States on Wednesday sanctioned former Albanian Prime Minister Sali Berisha for alleged “significant corruption” and barred him and his wife and children from entering the U.S.
Berisha, 76, who also served as Albania’s president from 1992 to 1997,...
UK’s financial crime unit probes suspected fraud in Sanjeev Gupta’s business ties to Greensill Capital
Britain’s financial crime unit is investigating suspected fraud and money laundering involving the businesses of Sanjeev Gupta, whose global metals empire ballooned in recent years with the aid of billions of dollars in financing from the failed firm Greensill...