Tuesday, January 26, 2021

Europe

Swedbank report showed $10 billion ‘suspicious’ Baltic payments: Swedish TV

An internal Swedbank report in September detailed “suspicious” transactions totalling around $10 billion between customers of Swedbank and Danske Bank in the Baltics from 2007 to 2015, Swedish state television SVT reported. Swedbank said on Friday the figure reported by...

Charity boss and wife face fraud and money laundering charges

The former head of a charity for the disabled, from Devon, is to be prosecuted on suspicion of having defrauded the charity’s pension scheme. Patrick McLarry is accused of transferring more than £250,000 from the pension scheme of Yateley...

Petrofac facing £400m legal fight over bribery allegations

Petrofac is facing the prospect of a £400 million payout to investors amid legal action linked to an alleged bribery scandal at the oil services firm. Last week David Lufkin, the former global head of sales at Petrofac, pleaded guilty...

Credit Agricole shares drop on money laundering allegations report

Shares in French bank Credit Agricole fell by more than 2 percent on Wednesday, with traders saying the drop was linked to media reports about a money laundering network alleged to have channeled billions of euros from Russia. Continue reading...

ABN Amro says money laundering report unrelated to current operations

Dutch bank ABN Amro said on Tuesday that a report of alleged money laundering involving Russia's Troika Bank through European banks, including the top three Dutch lenders, had no connection to its current operations. "The subsidiary that came up...

UK’s NCA to freeze 95 students’ bank accounts amid money laundering suspicions

The National Crime Agency (NCA) and other UK law enforcement bodies have applied to courts around the country in a co-ordinated operation to freeze 95 accounts containing an estimated £3.6m of suspicious funds. The accounts are held mainly by...

Russian Telecom Agrees to Pay $850 Million to Resolve Bribery Charges

A Russian telecommunications company agreed to pay $850 million to resolve federal bribery charges, the U.S. Securities and Exchange Commission said Wednesday. Mobile TeleSystems PJSC bribed an Uzbek official who was a relative of the former president of Uzbekistan to...

RBS investigates money laundering at ABN AMRO

Royal Bank of Scotland (RBS) investigates allegations of involvement in money laundering operations by companies acquired from ABN AMRO. That is what a spokesman said about news coverage in Trouw and De Groene Amsterdammer. Continue reading on www.talk-finance.co.uk

MPs in renewed attempt to force money laundering crackdown

Tax havens under UK jurisdiction could be forced to be more open about who owns assets held there if a group of MPs get their way next week. A group led by Tory MP Andrew Mitchell and Labour's Margaret...

Swedbank shareholder Alecta to seek accountability for any money laundering

Swedbank investor Alecta said on Friday that those responsible would need to be held accountable should a probe into money laundering allegations related to the bank reveal gross negligence or insufficient compliance. Continue reading on www.reuters.com

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