Featured Jurisdictions

Money laundering: Pilatus Bank could lose EU licence

The European Central Bank (ECB) is reportedly looking to revoke the licence of Pilatus Bank, following the arrest of its chairman over money laundering charges and allegations it processed corrupt payments. Malta’s banking regulator has also previously recommended that the licence be withdrawn. The ECB’s supervisory board has… Read More

Nigerian politician fights UK money laundering conviction over stolen millions

James Ibori, the former governor of Nigeria’s oil-rich Delta State, has challenged a British court ruling which convicted him of laundering stolen public funds. Ibori is alleged to have used the money to acquire various assets. He reportedly owned houses in the US and UK, luxury brand cars and was… Read More

Europe: Nordea bank accused of violating money laundering rules

British-based Hermitage Capital Management has reportedly accused Nordea bank of breaching anti-money laundering rules, according to Sweden’s Economic Crime Authority. Hermitage is understood to have handed over some documents regarding the matter to the agency. “We have received documents from Hermitage regarding money-laundering and we’re evaluating which authority should… Read More
19th October 2018
When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA. They bought more coins. The Cyprus-based German couple, who describe themselves as financial… Read More
19th October 2018
Brits looking for love are at risk of losing thousands of pounds to romance scams or ‘rom-cons’, according to Barclays Bank, which said it has conducted new research on the form of fraud. Romance scams occur when someone is convinced to make a payment to a person they have… Read More
19th October 2018
A special unit designed by the European Union to enable its firms to continue trading with Iran despite US sanctions could also be used by the bloc to avoid other US sanctions. The Special Purpose Vehicle (SPV) is set to launch in November this year. A French foreign ministry spokeswoman… Read More
18th October 2018
The European Central Bank (ECB) is reportedly looking to revoke the licence of Pilatus Bank, following the arrest of its chairman over money laundering charges and allegations it processed corrupt payments. Malta’s banking regulator has also previously recommended that the licence be withdrawn. The ECB’s supervisory board has… Read More
18th October 2018
James Ibori, the former governor of Nigeria’s oil-rich Delta State, has challenged a British court ruling which convicted him of laundering stolen public funds. Ibori is alleged to have used the money to acquire various assets. He reportedly owned houses in the US and UK, luxury brand cars and was… Read More
18th October 2018
AP — It’s now possible to check in automatically at Shanghai’s Hongqiao airport using facial recognition technology, part of an ambitious rollout of facial recognition systems in China that has raised privacy concerns as Beijing pushes to become a global leader in the field. Shanghai Hongqiao… Read More
18th October 2018
Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday. The regulator’s warning came in the form of a report on its investigation to assess whether nine companies that had been victims of cyber-related frauds… Read More
18th October 2018
AP — A fine art consultant in New York and an interior designer in Florida stole an elderly woman’s identity and used it to bid millions of dollars on famous paintings and defraud the renowned Sotheby’s auction house, federal prosecutors allege in court filings. Joakim von… Read More
17th October 2018
British-based Hermitage Capital Management has reportedly accused Nordea bank of breaching anti-money laundering rules, according to Sweden’s Economic Crime Authority. Hermitage is understood to have handed over some documents regarding the matter to the agency. “We have received documents from Hermitage regarding money-laundering and we’re evaluating which authority should… Read More
17th October 2018
The Gambling Commission has penalised Paddy Power Betfair (PPB) for failing to conduct adequate anti-money laundering checks and protect customers, as well as for allowing clients to gamble ‘significant’ sums of stolen money on its betting exchange. PPB will pay a penalty package of £2.2m, the Commission said, after… Read More
Must Read

Germany: Santander bank caught up in major tax evasion investigation

Prosecutors in Germany have launched a probe into the role Spanish bank Santander may have played in a widespread tax fraud scheme. The probe, which has seen the authorities examine the role of other banks, looks at allegations that Santander executed trades that facilitated ‘severe tax evasion’ between 2007 and… Read More

Denmark investigates Nordea Bank over money laundering allegation

Denmark’s state prosecutor has launched a probe into a complaint that Nordea Bank facilitated money laundering. The Danish State Prosecutor for Serious Economic and International Crime declined to name the firm that made the allegations, but said in a tweet: “We can confirm that we have received a report… Read More