Europe
Danske bank to cut 1600 jobs amid money laundering scandal
Denmark’s biggest lender Danske Bank is to cut 7 per cent of jobs as it tries to reduce costs to deal with the aftermath of a vast money-laundering scandal and the impact of negative interest rates.
The lender said on...
Europe
Widow of bereavement charity founder charged with fraudulent trading and money laundering
The widow of the late founder of suicide prevention charity Console has appeared in court charged with fraudulent trading and money laundering over a 10 year period.
The case of Patricia Kelly (59) was mentioned briefly in Dublin Circuit Criminal...
Europe
Swiss bank Banca Credinvest accused of anti-money laundering failures over PDVSA dealings
The Swiss Financial Market Supervisory Authority (FINMA) announced Tuesday its finding that Banca Credinvest, an independent Swiss bank, “seriously breached” anti-money laundering (AML) regulations with regard to dealings with Venezuelan state-owned and state-controlled energy company PDVSA.
The findings conclude an investigation FINMA launched in...
Europe
UK woman charged for attempting to fly to Dubai with $2.44 million in cash
A woman who tried to fly from London’s Heathrow Airport with five suitcases stuffed full of banknotes worth 1.9 million pounds ($2.44 million) has been charged with money laundering, UK Border Force said on Wednesday.
Tara Hanlon, 30, from Leeds in northern...
Europe
Former Unaoil country manager gets three years in prison over Iraq bribery plot
A British former executive at Monaco-based oil and gas consultancy Unaoil has been sentenced to three years and four months in jail for bribing Iraqi public officials to clinch $1.7bn worth of oil projects in post-occupation Iraq.
Iraqi-born Basil al-Jarah, Unaoil’s former...
Europe
Swiss prosecutors probes private bank Banque Cramer & Cie in corruption probe
Swiss federal prosecutors said on Thursday they had opened a criminal investigation of Geneva-based Banque Cramer & Cie as part of a wide-ranging corruption probe surrounding Brazilian state oil company Petrobras and construction firm Odebrecht.
“The (Office of the Attorney...
Europe
German soccer federation raided following allegation of tax evasion
The headquarters of the German soccer federation and the private homes of some of its members were searched early Wednesday as part of an investigation into tax evasion.
About 200 officers were involved in the raids in the German states...
Europe
Swiss bank Banca Credinvest accused of anti-money laundering failures over PDVSA dealings
The Swiss Financial Market Supervisory Authority (FINMA) announced Tuesday its finding that Banca Credinvest, an independent Swiss bank, “seriously breached” anti-money laundering (AML) regulations with regard to dealings with Venezuelan state-owned and state-controlled energy company PDVSA.
The findings conclude an...
Europe
Ex-Romanian mayor convicted for bribery, sentenced to prison in another corruption case
Gheorghe Nichita, former mayor of Iasi, was sentenced on Tuesday by the local court, in the first instance, to five years and two months in prison.
Nichita was accused by DNA of using the local police to track down his...
Europe
Dutch shipbuilder IHC faces bribery allegations in Brazil’s “Operation Car Wash” probe
An investigation has begun into Dutch shipbuilder IHC in connection with a corruption scandal in Brazil, the Financieele Dagblad said on Tuesday.
The FD says Brazilian court documents suggest the research focuses on 2013, when IHC was given a €1bn...
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Judge opposed dismissal of bribery charge against former Portage mayor Synder
A judge denied Thursday two motions to dismiss a soliciting bribes charge former Portage Mayor James Snyder will be retried on, according to court...
News
Bribery trial of former San Angelo police chief Tim Vasquez delayed until 2021
The trial of former San Angelo police chief Tim Vasquez will not happen until 2021, according to court documents. The trial, originally set for...
News
Texas AG Ken Paxton fires second whistleblower who accused him of bribery
A second whistleblower has been fired from the Texas attorney general’s office after reporting his boss, Texas Attorney General Ken Paxton, to law enforcement for...
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Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal
Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...