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UK freezes bank account linked to Azerbaijani Laundromat

British investigators have frozen a bank account linked to a multi-billion dollar Azerbaijani money-laundering scheme that a network of investigative reporters has alleged rinsed dirty money mainly through four, UK-registered shell companies. The National Crime Agency (NCA) said on Wednesday that the Account Freezing Order (AFO), part of a new… Read More

EU agrees on directive for combating cryptocurrency and credit card fraud

European Parliament and Council of the EU negotiators have reached an agreement on new measures aimed at boosting the fight against fraud involving non-cash means of payment, including credit cards, online shopping and virtual currencies such as bitcoin. The agreed text of the directive on combating fraud and counterfeiting of… Read More

Money laundering: UK fails to suspend golden visa scheme

The United Kingdom has withdrawn from its pledge to suspend a controversial immigration scheme which issues rich individuals with visas amid concerns that the source their wealth is corrupt cash. In recent weeks, Home Office announced that, as part of a crackdown on financial crime, its Tier 1 Investor… Read More
14th December 2018
AP — The European Union agency that monitors drug abuse says cocaine dealers are increasingly using social media and encrypted communications to do business, making it harder for authorities to crack down on the trade. The European Monitoring Center for Drugs and Drug Addiction agency… Read More
14th December 2018
AP — Senators voted Thursday to recommend that the U.S. end its assistance to Saudi Arabia for the war in Yemen and put the blame for the death of journalist Jamal Khashoggi squarely on Saudi Crown Prince Mohammed bin Salman, in a direct challenge to both… Read More
13th December 2018
British investigators have frozen a bank account linked to a multi-billion dollar Azerbaijani money-laundering scheme that a network of investigative reporters has alleged rinsed dirty money mainly through four, UK-registered shell companies. The National Crime Agency (NCA) said on Wednesday that the Account Freezing Order (AFO), part of a new… Read More
13th December 2018
European Parliament and Council of the EU negotiators have reached an agreement on new measures aimed at boosting the fight against fraud involving non-cash means of payment, including credit cards, online shopping and virtual currencies such as bitcoin. The agreed text of the directive on combating fraud and counterfeiting of… Read More
13th December 2018
The United Kingdom has withdrawn from its pledge to suspend a controversial immigration scheme which issues rich individuals with visas amid concerns that the source their wealth is corrupt cash. In recent weeks, Home Office announced that, as part of a crackdown on financial crime, its Tier 1 Investor… Read More
13th December 2018
AP — Former Malaysian Prime Minister Najib Razak was charged Wednesday with tampering with the final audit report on a defunct state investment fund, adding to a long list of corruption allegations against him since his ouster in May elections. Najib was charged along with Arul Kanda Kandasamy, the former… Read More
13th December 2018
AP — Michael Cohen, President Donald Trump’s one-time fixer, was sentenced Wednesday to three years in prison for crimes that included arranging the payment of hush money to conceal his boss’ alleged sexual affairs, telling a judge that he agreed time and again to cover up… Read More
13th December 2018
Ali Akbar Salehi, Iran’s nuclear chief and former foreign minister, has warned that Iranians are running out of patiencewith the European Union’s pledge to maintain trade with Tehran despite ramped-up U.S. sanctions against its oil and banking sectors. “If we cannot sell our oil and we don’t enjoy financial… Read More
13th December 2018
Pakistan on Wednesday denounced the United States for placing it on a list of countries violating religious freedoms, calling the designation politically motivated. U.S. Secretary of State Mike Pompeo on Tuesday added mainly Muslim Pakistan to the U.S. list of “countries of particular concern”, which have violated religious freedoms or… Read More
13th December 2018
AP — British Prime Minister Theresa May survived a political crisis over her Brexit deal Wednesday, winning a no-confidence vote by Conservative lawmakers that would have ended her leadership of party and country. But the margin of victory — 200 votes to 117 — leaves May… Read More
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EU agency: Cocaine dealers’ technology use complicates busts

AP — The European Union agency that monitors drug abuse says cocaine dealers are increasingly using social media and encrypted communications to do business, making it harder for authorities to crack down on the trade. The European Monitoring Center for Drugs and Drug Addiction agency… Read More

Senate rebukes Saudi Arabia over Khashoggi, Yemen war

AP — Senators voted Thursday to recommend that the U.S. end its assistance to Saudi Arabia for the war in Yemen and put the blame for the death of journalist Jamal Khashoggi squarely on Saudi Crown Prince Mohammed bin Salman, in a direct challenge to both… Read More