The US has imposed sanctions on the new vice-president of Venezuela, accusing him of involvement in international drug trafficking.
Two men were arrested in Miami and charged Wednesday with operating an illegal money-transmission business that allowed companies in Venezuela and other South American countries to move $100 million into the U.S.
Taking a lesson or two from India’s Prime Minister Narendra Modi, Venezuela’s President Nicolas Maduro is replacing the country’s largest notes (100 bolivar) with coins of the same value to fight corruption — in the form of currency smuggling out of the country that is.
In our interconnected world international trade is integral to modern life. Thousands of ships flled with containers traverse the globe each day: microwaves leave a port in South Korea and arrive in Rotterdam, gold mined in Australia is utilized by jewellery manufactures in India, and oil from Venezuela is shipped to factories in China.
A Venezuelan football official faces prison and will hand over £13 million after pleading guilty to corruption charges in the US after a FIFA investigation.
Venezuela’s top court on Thursday approved an injunction against a congressional probe that found Rafael Ramirez, the former president of
In Belize, the nation’s central bank has taken over processing international business payments after most of the country’s commercial banks
Campaigners have frequently branded the UK a world money-laundering hotspot, citing the 'terrifying' scale of illicit funds that make their way through the City of London. Is this fair? What is the UK Government doing to ...
Tom Devlin interviews Sam Thampapillai, associate in the financial services disputes and investigations group at Eversheds Sutherland. Sam has focused his recent work on developing technologies and financial crime. In this video he focuses on Blockchain, offering an ...
In late November, Jay Clayton was called by a longtime client seeking advice for how the Trump administration should tackle scaling back rules on Wall Street. Mr. Clayton, a partner at Sullivan & Cromwell LLP who ...
The old Ottoman Empire had the most direct way of going about these things. When the old sultan died, his successor would seize all his brothers and half-brothers, slit their throats and dump their corpses ...
European Supervisory Authorities warn on money laundering and terrorist financing risks affecting the EU financial sector
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European ...
China has appointed Guo Shuqing as the new head of the banking regulator, according to people familiar with the matter. Having spent much of his life working on transforming the nation’s financial system, Guo, 60, faces daunting tasks ahead as he takes on oversight of the world’s largest banking industry by assets.
The regulations apply to all-cash buyers using shell companies in places like New York City, Miami and Los Angeles.
Just 215 wealthy people were granted an investor visa for the U.K. last year after the government doubled the investment needed to 2 million pounds ($2.5 million) and introduced new money-laundering checks in 2014.
Capital One Financial Corp. is under investigation for its anti-money-laundering program, according to the company’s annual securities filing.