Tuesday, January 26, 2021

Europe

The first charges for money-laundering are laid against Danske Bank

AS EUPHEMISMS FOR suspected money-laundering go, “insufficiently legitimised” takes some beating. That is how Denmark’s Financial Supervisory Authority (FSA) described some of Danske Bank’s customers in a report in 2012. The country’s largest bank now faces criminal charges at...

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...

Ex-Spanish king accused of money laundering

Spain’s former king Juan Carlos is once again in the spotlight after his former mistress claimed he was involved in money laundering, sparking calls for an investigation. The scandal broke after two Spanish websites published recordings attributed to Corinna zu...

Greek court rules to extradite Alexander Vinnik in $4 billion bitcoin laundering

A Greek court has ruled to extradite the alleged former operator of crypto exchange BTC-e, Alexander Vinnik, to France, local news outlet CNN Greece reported Friday, July 13. The 39-year old Russian national Vinnik, also known colloquially as “Mr. Bitcoin,” was indicted by U.S. authorities...

Switzerland releases $60 million seized in Angola money laundering scheme

Swiss authorities have released around $60 million of funds seized in an investigation into the suspected laundering of money diverted from Angola’s sovereign wealth fund and its central bank, federal prosecutors said on Friday. Switzerland’s Office of the Attorney General...

Malta’s FIAU breached anti-money laundering rules over Pilatus Bank

The European Banking Authority has issued a number of recommendations to Malta’s Financial Intelligence Analysis Unit, after it found that the Authority had breached money-laundering rules in relation to its supervision of Pilatus Bank. The recommendations came following a preliminary enquiry...

Timeline: Danske Bank Money Laundering Scandal

Danske Bank DANSKE.CO is embroiled in a money laundering scandal that has triggered criminal investigations, forced out its CEO and chairman and rattled investors in Denmark's largest bank. An internal investigation, published in September, charted how 200 billion euro ($229 billion) flowed...

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