Saturday, June 19, 2021

Money Laundering

UK’s Scotland Yard to review sex trafficking allegation against Ghislaine Maxwell

Scotland Yard has confirmed it is to review a dossier of allegations that Ghislaine Maxwell trafficked, groomed and sexually abused a string of girls and young women in London. Six women have come forward accusing Maxwell and the late financier,...

Wives of Chicago twins who helped convict El Chapo faces new charges for laundering drug profits

Federal prosecutors have indicted Mia and Olivia Flores, the wives of twin brothers who became key informants in the case against drug kingpin Joaquin "El Chapo" Guzman. In total, five family members of Pedro and Margarito Flores face new...

Latvian bank Rietumu Banka fined $6.9m for money laundering failures

Latvia’s Rietumu Banka has been fined 5.85 million euros ($6.96 million) for failure to vet its clients and monitor them for money laundering and terrorist financing, the country’s banking watchdog said on Thursday. The fine on the bank, which mainly...

Fugees rapper Pras faces new criminal charges linked to 1MDB

A federal grand jury has hit the fugitive Malaysia financier Jho Low and Fugees rapper Prakazrel “Pras” Michel with new criminal charges, accusing them of running a back-channel campaign to get the Trump administration to drop an investigation of Low and...

Wife of ‘El Chapo’ pleads guilty to drug charges in the U.S.

The wife of Mexican drug kingpin Joaquin “El Chapo” Guzman pleaded guilty Thursday to charges in the U.S. and admitted that she helped her husband run his multibillion-dollar criminal empire. Emma Coronel Aispuro, wearing a green jail uniform, appeared in...

EU takes Luxembourg to court over failure to implement money laundering rules

The European Commission on Wednesday took Luxembourg to court, asking the European Court of Justice (ECJ) to impose a daily penalty on the country for failing to put new EU rules to stop money laundering into law. Without the rules on...

Australia expands money laundering probe into casinos over money-laundering breaches

Australia is expanding an investigation into casinos over a potential breach of money laundering laws. Owners of the main casinos in Australia's five biggest cities are now under formal investigation. National Australia Bank (NAB) and casino operators Crown Resorts, Star Entertainment...

National Australia Bank probed over serious anti-money laundering breaches

National Australia Bank (NAB.AX) said on Monday it is under investigation for suspected serious and ongoing breaches of anti-money laundering and counter-terrorism laws, sparking concerns about potential fines and higher compliance costs. The financial crime regulator said there were "areas of serious...

How criminals are laundering cryptocurrencies

In the world of online crime, anonymous cryptocurrencies are the payment method of choice. But at some point, virtual hauls need to be turned into hard cash. Enter the “Treasure Men”. Finding a Treasure Man is easy if you know...

France probes personal wealth of Lebanon’s central bank chief Riad Salameh

Paris financial prosecutors have opened a preliminary probe into criminal association and money laundering by Salameh, a source close to the investigation and a judicial source said, following a similar move by Switzerland. Its findings could shed light onto the origins of...

Latest News

UK’s Scotland Yard to review sex trafficking allegation against Ghislaine Maxwell

Scotland Yard has confirmed it is to review a dossier of allegations that Ghislaine Maxwell trafficked, groomed and sexually...