Money Laundering
Latest News and Breaking Stories on Money Laundering. Read about money laundering cases, fines, anti-money laundering laws and regulations, expert opinions and analysis, case studies and headlines.
Must Read
Capital One fined $390 million for breaching U.S. anti-money laundering law
Credit card firm Capital One Financial Corp has been fined $390 million for engaging in what the U.S. government called willful and negligent violations of the Bank Secrecy Act, an anti-money laundering law, a Treasury Department bureau said on...
News
Australia’s watchdog revise claim of $2.3 billion transfer in Vatican money laundering
Australia’s financial watchdog miscalculated by more than $2.2bn the amount of money transferred from Vatican City to Australia as part of its review into whether bribes were paid to pursue child sex allegations against Cardinal George Pell.
Austrac told a Senate...
Europe
European Central Bank’s President claims bitcoin enables money laundering
European Central Bank President Christine Lagarde took aim at Bitcoin’s role in facilitating criminal activity, saying the cryptocurrency has been enabling “funny business.”
“For those who had assumed that it might turn into a currency -- terribly sorry, but this...
News
Founder of RG Coins cryptocurrency exchange gets 10 years in prison money laundering
The owner of a cryptocurrency exchange used to launder millions of dollars gained from fake online auctions has been jailed for 10 years.
Rossen Iossifov, the Bulgarian owner of RG Coins, was sentenced for his role in laundering criminal proceeds...
Europe
Denmark drops money laundering charges against ex-Danske bankers
Danish prosecutors said on Thursday they had dropped charges against six former Danske Bank employees as part of an investigation into the bank’s involvement in one of the world’s biggest money-laundering scandals.
Danske Bank is under investigation in several countries,...
News
Cape Verde court gives clearance to extradite ally of Venezuela’s President Maduro
A court in the African country of Cape Verde ruled that Alex Saab, a Colombian businessman who had been Venezuelan President Nicolás Maduro’s deal maker, can be extradited to the U.S., where he was indicted on charges of laundering...
News
Bermuda regulator fines Crown Global Life Insurance over anti-money laundering failures
The Bermuda Monetary Authority has fined two life insurers – Crown Global Life Insurance Ltd. and Crown Global Life Insurance (Bermuda) Ltd. – US$400,000 for various anti-money laundering failings.
Crown Global Insurance Group LLC offers variable life insurance and annuity...
News
Ukrainian tycoon Ihor Kolomoisky accused of using misappropriated funds to purchase real estate in the U.S
U.S. prosecutors on Wednesday accused Ukrainian tycoon Ihor Kolomoisky and another Ukrainian businessman of using misappropriated funds to buy real estate in Ohio, following earlier similar U.S. allegations involving property in Kentucky and Texas.
Kolomoisky, one of the most prominent...
Europe
Vatican, Australian Catholic Church denies knowledge of suspicious $1.8 billion transfers
The Vatican and the Australian Catholic Church have both denied knowledge of transfers worth US$1.8 billion which Australia’s financial watchdog says have been sent from Rome to Australia in the past seven years.
“That amount of money and that number...
Africa
Morocco arrests human rights activist Maati Monjib over money laundering allegations
Morocco on Tuesday arrested human rights activist Maati Monjib after an investigation over money laundering, a security source said.
Monjib, 60, was brought before the attorney general at Rabat's court of first instance, the source at the General Directorate for...
Latest News
Samsung heir Jay Lee gets to two years prison sentence for bribery
Samsung Electronics Co. heir Jay Y. Lee was sentenced to 30 months in prison over bribery charges, a dramatic...