October 18th, 2018Kremlin critic Bill Browder has asked Nordic authorities to investigate whether up to $175 million of potentially illicit funds have flowed through the region’s largest bank, Nordea.
Browder, the CEO of investment fund Hermitage Capital Management, said Wednesday that he filed a “money laundering complaint” against Nordea in...
October 2nd, 2018The Anti-Corruption Commission has launched an investigation into allegations against Ananta Kumar Sinha, the brother of former Chief Justice Surendra Kumar Sinha, who has laundered money to purchase a three-storey home in the US.
The ACC launched the investigation after scrutinising an allegation filed by an individual, said ACC...
September 13th, 2018Malaysia's anti-graft agency on Thursday (Sep 13) is expected to charge the lawyer of former prime minister Najib Razak with four counts of money laundering.
Muhammad Shafee Abdullah is leading a defence team for Najib who faces charges of criminal breach of trust, money laundering and abuse of power at state fund 1Malaysia...
September 10th, 2018Brussels will seek to toughen the powers of EU agencies to crack down on money laundering and terrorist financing in the wake of high profile scandals that have shone a light on Europe’s deficiencies in tackling criminal cross-border money flows.
The European Commission is working on proposals that would give the European Banking...
September 6th, 2018Dutch bank ING has agreed to pay €775m in penalties for compliance failures that allowed companies — including a Curacao lingerie company and Russian mobile phone operator — to allegedly launder hundreds of millions of euros and pay bribes over six years.
The penalties are the largest ever imposed on a company by the Dutch...
August 31st, 2018U.S. authorities are closely following an investigation into Danske Bank over allegations that Denmark’s biggest lender had been involved in money laundering through its Estonian branch.
Investors are watching for signs of a possible U.S.-led fine, which would be another big hit to the bank, which has seen its shares fall by more...
July 24th, 2018The UK will adopt sweeping European laws designed to combat terrorism and money laundering, the government has confirmed, in a move that could unmask for the first time the beneficiaries of thousands of secretive trusts.
In a letter sent to the MP Margaret Hodge, the Department for Business, Energy and Industrial Strategy (BEIS) says...
July 18th, 2018DEALERS of precious stones and metals could soon have to register with the authorities, under a regulatory regime proposed by the Ministry of Law on Tuesday.
New rules, designed to manage money laundering and terrorism financing risks in the industry, would also require dealers to have measures in place to mitigate any such risks...
July 12th, 2018The European Union's top banking watchdog has found "general and systematic shortcomings" in Malta's application of EU anti-money-laundering rules, it said on Wednesday.
The European Banking Authority's (EBA) criticism came as it concluded an enquiry into the way Malta's anti-money laundering watchdog the Maltese Financial...
July 9th, 2018The UK tax authority almost doubled the fines it handed down for violations of money-laundering rules in the latest financial year, as the government steps up efforts to root out suspicious cash.
HM Revenue & Customs, which oversees compliance with anti money-laundering regulations by businesses including accounting firms, estate...
