30th November 2018
AP — A key broker of the latest deal to end South Sudan’s civil war diverted European weapons to South Sudan’s military despite an EU arms embargo, a new report says. It also asks how a U.S. military jet ended up deployed in South Sudan… Read More
29th November 2018
Denmark’s top lender has been formally hit with charges of violating numerous financial crime controls, including failings on source of funds, beneficial ownership and politically exposed persons (PEPs). On Wednesday, the Danish State Prosecutor for Serious Economic and International Crime (SØIK) published its charges against Danske Bank, outlining its failure… Read More
29th November 2018
European Union finance ministers are set to delay a reform of money laundering supervision at banks next week because they first want to assess recent alleged cases of financial crime at the bloc’s lenders, an EU draft document shows. The text, to be adopted on Dec. 4, backs a need… Read More
29th November 2018
A New York Department of Financial Services (DFS) programme to monitor Standard Chartered over its compliance failings will conclude next month. The bank’s monitorship, which was appointed by the DFS, will expire on 31 December 2018 after it was deemed to have demonstrated a ‘commitment’ to complying with anti-financial… Read More
29th November 2018
European Union leaders meeting for a summit in Brussels in December are expected to extend for another year the bloc’s main economic sanctions against Russia over Ukraine. The bloc is debating whether to add more sanctions over the latest flare-up of tensions between the two on the Azov Sea. Below… Read More
29th November 2018
AP — An eastern Iowa man has been sentenced to more than two years in federal prison for bilking a bank out of more than $850,000. Federal prosecutors for Iowa say 63-year-old David Giannetto, of Marion, was sentenced Wednesday in Cedar Rapids’ federal courthouse to 27… Read More
28th November 2018
The British government is set to announce new rules surrounding limited partnerships, which featured prominently in the Danske Bank €200 billion money laundering affair and other top financial crime scandals. The plans were announced in April, as a consultation by the Department of Business, Energy and Industrial Strategy (BEIS),… Read More
28th November 2018
When Howard Wilkinson was given a tablet as a gift from a client and his boss did not respond to questions about what he should do with it, the Briton sold it and donated the proceeds to the Tallinn Childrens’ Hospital in Estonia. The former banker-turned whistleblower then handed the… Read More
28th November 2018
Venezuela’s former national treasurer, who received over $1 billion (785.11 million pounds) in bribes as part of illicit foreign currency operations, was sentenced by a U.S. judge on Tuesday to 10 years in prison, court records showed. Alejandro Andrade, who ran the treasury for four years under late socialist leader… Read More
28th November 2018
AP — Mexican drug lord Joaquin “El Chapo” Guzman was so rich, he had a private zoo where big cats roamed. So rich, he bought a $10 million beach house. And so rich, he traveled to Switzerland for an anti-aging treatment. Guzman’s excesses were detailed at… Read More
Must Read

Iran courts jail 30 men for economic crimes after public outcry

Fast-track courts set up in Iran to fight economic crime have jailed 30 men for up to 20 years each, the judiciary said on Sunday, as the country faces renewed U.S. sanctions and a public outcry against profiteering and corruption. The new Islamic revolutionary courts — whose rulings cannot be… Read More

Police arrest over 200 fake-cash ‘customers’ after counterfeit money agent jailed

Law enforcement agencies across Europe have taken action against suspects who bought counterfeit euro banknotes on illegal platforms on the Darknet. In total, almost 300 house searches were conducted in 13 different countries and 235 suspects were detained. Law enforcement also seized around 1 500 counterfeit euro banknotes. Read More