Swiss federal prosecutors have opened a criminal investigation into whether the private bank Lombard Odier failed to prevent money laundering, they said on Thursday.
A few weeks ago one of the world’s richest men was arrested for interrogation in Tel Aviv following an investigation in which the Israeli police drew on the support of criminal justice authorities in the U.S., France and Switzerland. The Republic of Guinea was proud to have played its own part in supporting Israel’s investigation.
Swiss engineering company ABB is under investigation by the Serious Fraud Office. Officials suspect the company’s UK operations of bribery and corruption, which the SFO said relates to their ongoing investigation into energy industry firm Unaoil.
Coutts, owned by Royal Bank of Scotland, allowed a total of $2.4bn worth of assets related to the Malaysian development fund to flow through accounts in Switzerland.
A former Bank of America employee has been cleared by a Swiss court of money laundering charges in connection with the collapsed Parmalat dairy scandal. The accused was set free after being found guilty of falsifying documents and being fined.
In an effort to alleviate growing concerns about the facility, a group of Geneva based art dealers and lawyers recently formed the Responsible Art Market (“RAM”) initiative. The first organisation of its kind, RAM aims to inform professionals in the art world about the financial crime risks faced by the industry.
Three men have been sentenced to more than seven years in jail after being found guilty for their part in an arrangement to launder more than half a million pounds.
The change of administration at the White House has led to speculation about the possible lifting of US sanctions against Russia over its incursion into Crimea.
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.