Tuesday, April 20, 2021

Money Laundering

Danske Bank CEO resigns over money laundering probe into ABN Amro

The chief executive of Denmark’s Danske Bank resigned on Monday after Dutch authorities named him as a suspect in an investigation into violations of money-laundering regulations at lender ABN Amro . Chris Vogelzang, who held some senior positions at Amsterdam-based...

ABN Amro to pay $574 million to settle money laundering probe

Dutch bank ABN Amro on Monday said it had reached a 480-million-euro ($574 million) settlement with prosecutors in the Netherlands over money laundering allegations, which will impact its first-quarter results. ABN Amro said in a statement it had agreed to...

Soccer player Nathan Blockley used as a mule in money laundering operation

A FORMER Scots footballer was a “mule” in a cross-border money-laundering operation to fund his cocaine addiction. Nathan Blockley, 28, was snared by cops withdrawing £6,500 of fraudulent funds on November 27, 2018. The ex-Airdrie and Peterhead midfielder - who was...

Dallas Attorney Rayshun Jackson charged for laundering proceeds of drug trafficking

A Dallas lawyer has been charged with laundering money that he believed was the proceeds of a drug trafficking operation. Rayshun Jackson was arrested and charged on April 14. “Attorneys swear an oath to conduct themselves with integrity and uphold...

Singapore fines Swiss Bank J. Safra Sarasin for breaching anti-money laundering laws

The Singapore branch of a Swiss-based private bank has been fined $1 million for failing to comply with measures to counter money laundering and terrorist financing. The penalty was imposed on Bank J. Safra Sarasin (BJS) for breaches between March...

Italian court issues arrest warrant for financial broker involved in Vatican’s real estate scandal

Italian magistrates have issued an arrest warrant for Gianluigi Torzi, a financial broker caught up in a scandal involving the Vatican’s purchase of a building in an upscale London area, police said on Monday. Financial police said in a statement...

Former Miss Honduran sentenced to six years in prison for money laundering

Shirley Nicole Velasquez Morales, a former Miss Honduras, has been sentenced to six years in prison for money laundering. Her arrest, on October 22, 2019, in San Pedro Sula, with her husband, Gerson Varela-Flores, happened after not being able to justify...

Saudi sentenced money laundering gang to 106 years in prison

A money laundering gang in Saudi Arabia has been sentenced to a total of 106 years in prison and issued a fine of SR1.08 million ($288,000). Around SR5 million was seized from the gang and nearly SR2 million was confiscated...

Portugal ex-PM Socrates ordered to stand trial for money laundering

A Lisbon judge ruled Friday to put former Portuguese Prime Minister José Sócrates on trial for alleged money-laundering and forgery but said the statute of limitations had expired on more than a dozen corruption allegations. Judge Ivo Rosa said that...

French court cuts Latvian lender Rietumu Banka fine in tax case

Latvian lender Rietumu Banka won a 75% reduction in what was once France’s highest criminal fine for a company. Rietumu, which had allegedly helped clients of a company-registration and advisory firm dodge taxes, will still have to pay 20 million euros ($23.6...

Latest News

Danske Bank CEO resigns over money laundering probe into ABN Amro

The chief executive of Denmark’s Danske Bank resigned on Monday after Dutch authorities named him as a suspect in...
Enable Notifications    OK No thanks