September 19th, 2019
A federal grand jury has indicted a Baltimore defense attorney for racketeering, drug and money laundering conspiracies.
Kenneth Wendell Ravenell, 60, of Monkton, Md., is facing federal charges of racketeering conspiracy, conspiracy to commit money laundering, and narcotics conspiracy. The indictment was returned late on September...
September 19th, 2019
Latvia’s financial watchdog said on Wednesday it had fined PrivatBank, the country’s 12th-biggest bank, 1 million euros ($1.1 million) for insufficient money-laundering controls.
The Financial and Capital Market Commission (FCMC) said in an emailed statement it had found a number of “serious faults in the internal control...
September 17th, 2019
The former president of a unit of Petroleos de Venezuela SA and two European wealth managers were charged with money laundering as a U.S. probe into a $1 billion bribery scheme expands.
The three charged are Javier Alvarado Ochoa, a Venezuelan citizen and former president of PDVSA purchasing unit Bariven, and asset managers Daisy...
September 17th, 2019
The Brazilian body that monitors money laundering overreached by acting without judicial approval when it uncovered suspicious deposits in the account of the son of President Jair Bolsonaro, the head of the country’s Supreme Court told Reuters.
In an interview on the eve of his first anniversary at the head of Brazil’s top court,...
September 12th, 2019
Police have arrested two people, including a player’s agent, as part of an international money laundering and corruption investigation in soccer.
Brussels prosecutors said that several raids took place in Monaco, Belgium and London on Tuesday and Wednesday. Belgian police cooperated with their Monaco and British counterparts,...
September 11th, 2019
The Facebook-led Libra project is mooted for launch by June next year. Regulators’ and politicians’ concerns range from the risks that Libra could be used to launder money to privacy and the possibility that it could upset financial stability.
“We want to make sure that if there are significant risks, they need to be...
September 11th, 2019
After the Central Bureau of Investigation (CBI), the Enforcement Directorate (ED) has now booked Rolls Royce, the luxury car and engine maker, under Prevention of Money Laundering Act over allegations of making illegitimate payments in the form of commissions in return for contracts from three state-run Indian companies.
The probe...
July 15th, 2019
The Belgian unit of ING Groep NV was fined 350,000 euros ($394,485) by the central bank of Belgium for violating legislation against money laundering.
ING Belgium was hit with the penalty on April 24, Julie Kerremans, a Brussels-based spokeswoman for the unit, said in an emailed statement on Sunday.
Kerremans was responding to a...
May 15th, 2019
A minister from Estonia’s ruling coalition accused past governing parties, including one that’s currently in power, of allowing dirty cash to flow through the country’s banks in one of Europe’s largest money-laundering scandals.
Prosecutors are investigating a case involving multiple lenders after Danske Bank A/S...
May 13th, 2019
The former chair of Denmark’s financial regulator who had previously been finance director of Danske Bank has been charged and his house raided in connection with a €200bn money laundering scandal.
Henrik Ramlau-Hansen was charged by Danish economic prosecutors and his house outside Copenhagen was raided, people familiar with the...
