Money Laundering

After arresting four people — including the owner of a Miami-area real estate company — authorities in Argentina appear to have unraveled the mystery of a $65 million property empire that included luxury condos in South Florida and New York City, as they pursue a major corruption case against former President Cristina Fernandez de Kirchner. […]

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EDINBURGH — Markus Jooste and the Steinhoff family including current Steinhoff director Angela Krüger-Steinhoff, pulled off a massive swindle over decades, with Steinhoff bigwigs on either side of deals designed to benefit themselves. This has been revealed by investigative journalists with amaBhungane in a piece published by the FM, which details how Jooste and friends […]

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The pound sterling had risen against both the US dollar and the euro on Thursday after reports of a deal with Brussels on financial services after Brexit. But Downing Street dismissed the report later in the morning: “This is speculation. While we continue to make good progress, agreeing new arrangements for financial services negotiations are ongoing.” […]

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The government has pledged to crack down on criminals’ ability to spend their money on luxuries such as expensive property, cars and private schools. Ben Wallace, the security minister, stressed the people at the top of drug-dealing and human-trafficking operations are “just as bad” as foot soldiers on the street and “need to have the […]

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Estate agents, high street solicitors and accountants who facilitate about £100bn of money-laundering in the UK but are failing to report suspicious activity face a crackdown under a government drive against economic crime. Security minister Ben Wallace has warned public schools, football clubs and luxury car garages they must report irregularities, pledging to “go after […]

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Justice Isa said that the probe body could not point out any legal mistake in the decision/ file photo ISLAMABAD: The Supreme Court dismissed on Monday National Accountability Bureau’s review petition in Hudaibiya Paper Mills case. A three-judge special bench headed by Justice Mushir Alam and comprising Justice Qazi Faez Isa and Justice Mazhar Alam […]

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File photo of the Supreme Court.  ISLAMABAD: The Supreme Court on Friday fixed October 29 as the date for the hearing of National Accountability Bureau’s (NAB) review petition regarding Hudaibiya Paper Mills case. A three-judge special bench headed by Justice Mushir Alam and comprising Justice Qazi Faez Isa and Justice Mazhar Alam Miankhel will hear […]

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A Spanish court has given preliminary authorization for an aide of late President Hugo Chavez to be extradited to Venezuela. Claudia Diaz is being sought along with her husband Adrian Velasquez for alleged money laundering in deals that, according to Venezuelan authorities, emerged in the so-called Panama Papers. Lawyer Ismael Oliver says his client Diaz […]

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HELSINKI (Reuters) – Nordea (NDAFI.HE) posted a larger than expected drop in third-quarter profit on Wednesday, citing pressure on margins, as the company hit back at allegations of lax controls, saying it had spent years beefing up anti-money laundering resources. On Monday, American-born businessman Bill Browder widened a criminal complaint against the bank for facilitating […]

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(Adds details, CEO comment) By Jussi Rosendahl and Anne Kauranen HELSINKI, Oct 24 (Reuters) – Nordea posted a larger than expected drop in third-quarter profit on Wednesday, citing pressure on margins, as the company hit back at allegations of lax controls, saying it had spent years beefing up anti-money laundering resources. On Monday, American-born businessman […]

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