November 29th, 2018Denmark’s state prosecutor has filed preliminary charges against Danske Bank for alleged violations of the country’s anti-money laundering act in relation to its Estonian branch.
The country’s biggest lender was placed under investigation in August over concerns that transactions worth billions of Danish crowns might have been...
November 26th, 2018Brazil’s federal police issued 22 arrest warrants Friday as part of a probe into a corruption and money laundering scheme involving construction of the new headquarters of the state oil company in the northeastern city of Salvador.
Police said they had arrested 17 people so far, but details were not immediately available.
The...
November 21st, 2018A French banker on trial for money-laundering in Greece over arms procurements went missing from home arrest on Tuesday after breaking his electronic tag, the Greek justice ministry said.
Jean Claude Oswald, who is among defendants facing charges related to kickbacks paid for the acquisition of submarines by Greece in 2000, was wanted...
November 19th, 2018The former Danske Bank manager who blew the whistle on a €200bn money-laundering scandal centred on the bank’s tiny Estonian branch has talked to a multitude of US law-enforcement agencies, raising the stakes for Denmark’s biggest lender as it faces investigations around the world.
Howard Wilkinson — who alleged to Danske...
November 16th, 2018The U.S. Treasury Department said Thursday it has expanded an anti-money-laundering data program that requires title insurance companies to reveal the owners of shell companies buying luxury real estate.
The changes lower the value threshold of potential acquisitions subject to the requirement and expands the coverage to five new...
November 12th, 2018South Africa’s central bank on Friday fined HSBC’s local business 15 million rand ($1.1 million) for weaknesses in its processes meant to detect money laundering and terrorism financing, and ordered the bank to fix the problems.
The Prudential Authority (PA), which sits within the South African Reserve Bank (SARB) and monitors the...
October 31st, 2018The United Arab Emirates has passed a law to combat money laundering and terrorism financing, it said on Tuesday, as it aims to bring its rules into line with international standards on combating illicit money flows.
The law, which is in line with the requirements and recommendations of the Financial Action Task Force (FATF),...
October 23rd, 2018Nordea is facing more scrutiny on money laundering after a prominent Kremlin critic more than doubled the amount of money from a purported Russian tax fraud that he alleges flowed through accounts at the biggest Nordic bank.
Bill Browder, whose former accountant Sergei Magnitsky uncovered an alleged fraud before being beaten to death...
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...
