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July 5, 2018  First Latvia, now Estonia. Reports that Danske Bank, Denmark’s largest lender, may have laundered up to $8.3bn through its Estonian subsidiary — following Latvia’s banking scandals this year — have highlighted anew the Baltic republics’ reputation as conduits for dirty money. They point, too, to a more fundamental issue. Europe...
July 3 2018 An interesting article on the canvas of why Israeli law enforcement agencies do not cooperate with their foreign counterparts in the fight against financial fraud has appeared in the Times of Israel. The medium in the extensive report points to the extremely strong impact of organized crime. According to...
July 3 2018 A federal judge in Rio de Janeiro sentenced businessman Eike Batista to 30 years in prison for corruption, who became the richest man in Brazil and currently enjoyed house arrest after spending three months in jail last year, court sources said today. The sentence was handed down on...
July 5 2018 Denmark's top bank laundered €7bn of dirty money in an "astronomical" case that could spur new Russia sanctions. The affair, linked to the murder of a Russian whistleblower, also poses questions for Danish financial authorities, who were first alerted five years ago and did nothing.
July 4 2018 U.S. authorities have demanded Glencore (GLEN.L) hand over documents about its business in the Democratic Republic of Congo, Venezuela and Nigeria as part of a corruption probe, sending the mining company's shares down more than 8 percent. Swiss-based Glencore said it received a subpoena from the U.S. Department...
July 2 2018 Real estate broker Luis Eduardo Rodriguez is accused of funneling drug money through the Las Vegas real estate market and dummy corporations on behalf of an international narcotics and money laundering ring. Rodriguez was arrested this morning in Las Vegas and will appear in federal court today. Rodriguez faces...