Thursday, December 9, 2021

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$7 million hoard of cash found in ousted Sudanese leader’s home

Sudan’s deposed leader Omar Al-Bashir faces trial for money laundering after a hoard of cash was found in his home in Khartoum. Military intelligence officers who searched the former president’s house found suitcases containing 6 million euros, more than $351,000...

Peruvian judge orders jail for former president Kuczynski in corruption case

A Peruvian judge has ordered that former president Pedro Pablo Kuczynski be jailed for up to three years as authorities investigate his alleged involvement in a corruption case. The order announced Friday against Kuczynski, which is designed to prevent him...

In suicide note, Peru’s ex-president denies corruption claims

A suicide note in which Peru's Alan Garcia denied corruption charges against him set the backdrop Friday for the ex-president's funeral, two days after he put a gun to his head and pulled the trigger as police arrived to...

North Carolina Republican Party chairman charged in bribery case

According to an indictment unsealed on Tuesday, Hayes worked with business executive Greg Lindberg to bribe state insurance commissioner Mike Causey. Causey reported the effort to law enforcement officials and cooperated in the investigation, authorities say. The two men, along...

In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws

The Financial Crimes Enforcement Network (FinCEN) has for the first time penalized what it dubs a “peer-to-peer cryptocurrency exchanger” for breaking anti-money laundering (AML) rules. The U.S. regulator announced Thursday that California resident and cryptocurrency trader Eric Powers failed to comply with...

Prosecutors want Felicity Huffman to serve 4-10 months in college bribery case

Federal prosecutors say actress Felicity Huffman should serve between four and 10 months for her role in the college bribery scam, though her plea agreement, obtained by USA TODAY, indicates they plan to recommend a number toward the lower end of...

Deutsche Bank shares slip amid $20 billion Russian money-laundering allegations

Shares in Deutsche Bank DBK-DE slipped nearly 2% on Thursday morning following reports the German bank could face legal action over a $20 billion Russian money-laundering scheme. The Guardian, on Wednesday, published a confidential internal report in which the bank...

Malaysia: High Court sets May 17 for Former PM, Najib’s RM47mil money laundering case

The High Court today fixed May 17 for mention of the case of former prime minister Najib Tun Razak on three money-laundering charges involving RM47 million of SRC International Sdn Bhd (SRC) funds five years ago. High Court Judge Mohamed...

Investor Browder files Swedbank money laundering complaint in Latvia

Bill Browder, an investor who campaigns to expose corruption, has taken a criminal complaint against Swedbank to Latvian authorities, alleging it was involved in a Russian money laundering scandal. Swedish broadcaster SVT reported in March that Swedbank processed gross transactions...

EU banking watchdog clears Estonian, Danish regulators over Danske Bank

National banking supervisors who control the European Union banking watchdog effectively forced it to clear financial regulators in Estonia and Denmark, who were investigated in relation to suspected money laundering activities by Danske Bank, a member of the European...

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