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UPCOMING WEBINAR: The Inside Track – The US Senate’s Investigations into Financial Crime

KYC360 will be presenting an informative webinar discussing the US senate’s probes into financial crime, including issues pertainng to money laundering and tax evasion, as detailed in a new book by Elise J. Bean. Date: 11 December 2018 Time: 2PM UK Time Topic: The Inside Track – The US… Read More

Ex-bank owner jailed over billion-dollar money laundering scam

A former owner of Banco Peravia bank in the Dominican Republic has been sentenced to three years in prison for his role in a billion-dollar money laundering scheme involving currency exchange. Gabriel Arturo Jimenez Aray (Jimenez), 50, a Venezuelan citizen residing in the US, and former owner of Banco Peravia… Read More

EX-US DoJ official helped 1MDB fraudster deceive American banks over millions

A former employee with the U.S. Department of Justice has pleaded guilty for his role in a conspiracy to deceive banks in the United States about the source and purpose of millions of dollars sent from overseas to finance a lobbying campaign on behalf of foreign interests. George Higginbotham, 46,… Read More

14th December 2018

Ex-wife of Russian billionaire secures first sliver of $572 mln divorce bill

The former British wife of a Russian billionaire, who was ordered to pay a 453 million pound divorce bill, has claimed the first sliver of the award after seizing and selling a helicopter, her advisers said on Thursday. Oil and gas tycoon Farkhad Akhmedov was ordered to pay around 40… Read More

14th December 2018

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

13th December 2018

Malaysian ex-PM slapped with new charge over 1MDB scandal

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

‘Dirty deeds’: Ex-Trump lawyer Cohen gets 3 years in prison

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

Why Europe fears collapse of the Iran nuclear deal

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 denounces blacklisting by U.S. for religious freedom violations

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

12th December 2018

Huawei CFO gets bail; China detains ex-Canadian diplomat

AP — A Canadian court granted bail on Tuesday to a top Chinese executive arrested at the United States’ request in a case that has set off a diplomatic furor among the three countries and complicated high-stakes U.S.-China trade talks. Hours before the bail hearing in… Read More

12th December 2018

A growing list: Trump associates who have pleaded guilty

AP — Five people in President Donald Trump’s orbit have pleaded guilty to federal charges. Prosecutors in Washington and New York are investigating whether the Trump campaign coordinated with the Kremlin in the 2016 election and whether Trump directed an illegal hush-money scheme to silence women… Read More

10th December 2018

Top House Dems raise prospect of impeachment, jail for Trump

AP — Top House Democrats on Sunday raised the prospect of impeachment or almost-certain prison time for President Donald Trump if it’s proved that he directed illegal hush-money payments to women, adding to the legal pressure on the president over the Russia investigation and other scandals. Read More

7th December 2018

Arrest of Huawei “heiress” throws rare spotlight on family

Like many top Chinese executives, Meng Wanzhou is a mysterious figure even in her home country, but the 46-year-old chief financial officer of Huawei Technologies had been widely tipped to one day take the helm of the tech giant her father founded. That was until her shock arrest in Canada… Read More

Must Read

Ex-wife of Russian billionaire secures first sliver of $572 mln divorce bill

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