Tuesday, November 29, 2022

Money Laundering

Barclays to Handover Tainted £54 Million to UK Crime Agency

Barclays Plc’s UK unit must hand over about $54 million it suspects has links to crime or money laundering to the National Crime Agency, a London court ruled. The Friday decision came after the NCA’s request to recover the money....

Australia’s Crown Resorts fined $77 million by regulators

Australian casino operator Crown Resorts has been fined A$120 million ($77.3 million) for serious misconduct, regulators of the state of Victoria said on Monday. The breaches by Crown, which was acquired by private equity firm Blackstone Inc for $6.3 billion,...

Ex-Goldman banker Ng, convicted in 1MDB case, sues ex-boss Leissner for $130 million

Roger Ng, the former Goldman Sachs (GS.N) banker convicted for helping loot Malaysia's 1MDB sovereign wealth fund, on Friday sued the government's star witness Tim Leissner for more than $130 million, alleging fraud. In a complaint filed in a New York state...

German police raid banks in money laundering probe of Russian

Police raided two branches of Swiss bank UBS in Germany in connection with alleged money laundering by a Russian businessman, German officials and media said Tuesday. Frankfurt prosecutor Georg Ungefuk did not identify the suspect by name, but said the...

Nigeria: Former Lagos State attorney-general arraigned on separate money laundering charge

The Economic and Financial Crimes Commission (EFCC), on Friday, arraigned former Attorney General and Commissioner for Justice in Lagos State, Olasupo Shasore, SAN, on a 14-count money laundering charge. Mr Shasore was arraigned on a fresh charge before Justice Inyang Ekwo of...

Nigerian Instagram celebrity ‘Hushpuppi’ gets 11 years in prison for money laundering conspiracy

A Nigerian social media influencer who called himself Ray Hushpuppi and flaunted a lavish lifestyle fueled by his efforts to launder millions of stolen dollars was sentenced Monday in Los Angeles to more than 11 years in federal prison. Ramon...

Grant Thornton managing partner charged with money laundering involving RM115 million

Grant Thornton Malaysia's managing partner  Datuk C R Narendrakumar was brought to the Sessions Court here on Thursday and charged with money laundering involving RM115 million, allegedly committed four years ago. Narendrakumar, 72, pleaded not guilty to the charge before...

Pilatus Bank officials escape prosecution in exchange for testimony

At least two former Pilatus Bank officials will not be prosecuted despite a magistrate’s order, after Attorney General Victoria Buttigieg issued a nolle prosequi. MaltaToday understands that the decision not to prosecute could be part of a deal requiring the...

Danske Bank Prepares to Pay $2B in Money-laundering Fines

Danske Bank (DANSKE.CO) on Thursday booked a 14 billion Danish crown ($1.89 billion) provision, edging closer to a long-awaited settlement with authorities over its involvement in one of the world's biggest money laundering scandals. Denmark's biggest lender had said it...

FCA fines Gatehouse Bank £1.5m for poor anti-money laundering checks

Between June 2014 and July 2017 Gatehouse failed to conduct sufficient checks on its customers based in countries with a higher risk of money laundering and terrorist financing. Gatehouse also failed to undertake the correct checks when some of...

Latest News

Slovakia central bank governor Kazimir faces renewed bribery charges

The head of Slovakia's central bank, Peter Kazimir, is facing bribery charges for a second time. Prosecutors had earlier dropped...