Former North Macedonia PM Gruevski indicted in corruption case
North Macedonia’s Organised Crime Prosecution on Wednesday filed charges against the country’s fugitive former prime minister, Nikola Gruevski, and some of his former close associates, in a high-profile case linked to the illicit purchase of building sites.
The charges focus...
German regulator orders N26 to fix money-laundering controls
Germany’s financial regulator has told N26 Bank GmbH, a hot digital startup with operations in Europe and the U.S., to implement proper controls to prevent money laundering, taking the unusual step of appointing a special monitor to watch over...
Main suspect in Vatican’s London real estate money laundering case arrested in UK
The main suspect in the Vatican’s corruption investigation into a London real estate venture was taken into custody Tuesday in London after he appeared for his first extradition hearing, his lawyers said.
The British judge determined businessman Gianluigi Torzi was...
UK watchdog launches probe into collapse of Greensill Capital
The City watchdog has opened the door to a criminal prosecution of Greensill Capital and confirmed that it is investigating the failed lender.
Nikhil Rathi, chief executive of the Financial Conduct Authority, said that the regulator was “investigating matters relating...
UK’s FCA fines Sapien Capital in international sham trading scandal
Britain’s financial watchdog has imposed its first fine in relation to an international sham trading scheme, known as “cum-ex”, with potentially more to come, it said on Thursday.
The Financial Conduct Authority fined Sapien Capital Ltd 178,000 pounds ($247,331.00) for...
Man who sold his bank account to a Romanian crime group for €500 gets 6 months in prison
A man who sold his bank account for €500 to a Romanian organised crime group laundering funds from fraud has been jailed for six months.
Kevin White BL, defending, said Vlad Pintea (35) should not be made an example of...
U.K. prosecutor end probe of individuals in Airbus bribery case
The U.K. prosecutor has closed an investigation into individuals over bribery at Airbus SE, according to a person familiar with the matter, after a settlement last year saw the planemaker pay a record $4 billion.
Airbus reached a deal with...
Nasdaq Stockholm fines Swedbank for weak money-laundering controls
Swedish lender Swedbank has been fined 46.6 million Swedish crowns ($5.50 million) by the Nasdaq Stockholm for shortcomings in the bank’s anti-money laundering controls between December 2016 and February 2019, the bank said on Wednesday.
“During the last year, the...
Danish prosecutors drop charges against ex-Danske Bank CEO in money laundering probe
Danish prosecutors have dropped charges against former Danske Bank chief executive Thomas Borgen and two other senior executives as part of a money-laundering investigation, business daily Borsen reported on Thursday citing their lawyers.
The Danish state prosecutor filed preliminary charges...
Norway fines DNB $48 million for anti-money laundering breaches
DNB ASA on Monday confirmed that Norway’s financial supervisory authority, Finanstilsynet, will impose a fine of 400 million Norwegian kroner ($48.1 million) for inadequate compliance with anti-money-laundering rules and legislation.
Norway’s largest lender said in December that the fine was...