Friday, October 23, 2020

Europe

Nordea says latest money-laundering allegations are not new

Nordic bank Nordea said Finnish media reports on Monday linking it to money-laundering had been covered before and that it had already commented on the allegations. Finnish broadcaster Yle cited leaked documents in a report that Nordea handled some...

Russian Money Laundering Allegations Spread to More European Banks

Additional European banks are being included in money-laundering allegations involving Russian funds. Bloomberg Intelligence's Jonathan Tyce reports on "Bloomberg Markets." (Source: Bloomberg) Continue reading on www.bloomberg.com

These Are the Banks Caught Up in Russia Money-Laundering Scandal

Several European banks have been drawn into money-laundering allegations centered on dirty Russian money. Much of the information about their possible involvement was made available to media outfits by The Organized Crime and Corruption Reporting Project, or OCCRP. Investigations into the scandal are under...

UK: Tougher money laundering rules fail to bring prosecutions

The Uk’s financial services sector is said to spend about £5 billion on core financial crime compliance measures Not a single prosecution has been brought under the new money laundering regulations, a City law firm has revealed. The rules,...

U.K: Countrywide fined as estate agents hit in money laundering crackdown

UK estate agent Countrywide has been fined as part of a crackdown on estate agents suspected of failing to report money laundering. The company, which describes itself as Britain’s biggest property services firm, was forced to pay a £215,000...

Nordea Handled Around $790 Million in Suspicious Transactions

Nordea, the Nordic region's largest bank, handled some 601 million pounds ($790 million) in suspicious transactions between 2005 and 2017, Finnish broadcaster Yle reported on Monday, citing leaked documents. Continue reading on www.nytimes.com

Albanian interior minister resigns following multiple corruption arrest

Albania’s interior minister has resigned as the Balkan nation tries to better tackle widespread corruption and drug trafficking. Writing in his Twitter page Saturday, Prime Minister Edi Rama said he had accepted Interior Minister Fatmir Xhafaj’s resignation, without giving any...

Danske Bank Estonia handled $150 billion of suspicious transactions

Shares in Danske Bank came under fresh pressure on Friday after the Wall Street Journal reported that an investigation into a money-laundering scandal at its Estonian branch between 2007 and 2015 involved $150 billion worth of transactions. Danske Bank has...

Swiss bank to settle $5 million US tax evasion probe

The Zurich-based Neue Privat Bank (NPB) has paid $5 million (CHF5 million) fine to settle a criminal tax evasion investigation in the United States. NPB is one of a handful of so-called ‘category 1’ Swiss or Swiss-based bank branches...

Russia’s Air Transport Agency’s deputy head detained on bribery allegations

Moscow’s Meshchansky District Court has ruled to detain Yury Malyshev, the Federal Air Transport Agency’s (Rosaviation) deputy head, who stands charged with taking bribes, the court’s spokesperson Yulia Kotomina has told RAPSI. Malyshev has been put in detention until September...

Latest News

Former Blue Bell Creameries CEO indicted for fraud linked to 2015 listeria outbreak

The former president and CEO of Blue Bell Creameries L.P., a Texas ice cream company, was indicted Tuesday on wire fraud charges in connection with a scheme...

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...

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...

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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