Money Laundering

Malta faces an annual €8 billion money laundering risk, according to figures quoted in a study presented to the European Parliament’s Pana committee. The committee, which visited Malta in February for a fact-finding mission on the island’s involvement in the Panama Papers scandal, was this month presented with a study on offshore activities and money […]

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In some neighborhoods, the condos may be sold out — but empty. In Manhattan, for example, the blocks between Lenox Hill and Central Park, between 63rd and 70th Streets, are nearly 40 percent unoccupied, according to the Census Bureau. On the Upper East Side’s most exclusive tract, along Fifth Avenue, more than a quarter of […]

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A Ukrainian politician has released documents that seem to incriminate one of Donald Trump’s former campaign managers in a Ukrainian money laundering scheme. Politician and former investigative journalist Serhiy Leshchenko, turned over what he claimed is an old invoice from former Trump campaign manager Paul Manafort’s Ukraine consulting firm. The invoice appears to document a $750,000 […]

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And the shortcomings involved are similar to those that Nordea and Handelsbanken have previously been punished for, according to the Swedish Financial Supervisory Authority (Finansinspektionen). Journalist network OCCRP revealed to international media that banks across Europe appear to have been involved in a giant network of money laundering. Swedish banks Nordea, SEB, Handelsbanken and Swedbank […]

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