Due to tax evasion, money laundering and the flow of illegal funds, Africa is bleeding $50 billion every year which is a great concern to The United Nations (UN) and African Union (AU). This issue was addressed during the second… Read more >
Denmark’s largest bank, Danske Bank, is under fire once again after being accused of helping launder $8.3 billion through it’s Estonian branch. In 2017, Denmark’s daily newspaper, Berlingske, reported that Danske was responsible for laundering $3.9 billion into Denmark from… Read more >
The Swiss Attorney General’s office has announced the launch of an investigation into six individuals suspected of bribery and money laundering, in addition to the ongoing investigation on 1MDB, Malaysia’s state fund that was founded by former Malaysian Prime Minister… Read more >
The former head of B.C.’s Integrated Illegal Gambling Enforcement Team (IIGET), Fred Pinnock, has spoken publicly for the first time in almost a decade, after reading the Peter German report last week that detailed the mass amounts of money laundering… Read more >
The former President of Pakistan, Asif Ali Zardari, has been accused of allegedly being involved in a money laundering probe with the country’s former stock exchange leader. The Chairman of the Central Depository Company, Hussain Lawai, was remanded by the… Read more >
The US Department of Justice has launched a corruption and money laundering investigation on multinational trading and mining company, Glencore, after the announcement that US investigators have subpoenaed documents detailing Glencore’s activities in Nigeria, the Republic of Congo and Venezuela. … Read more >
In March 2017, the Department of Justice (DOJ) began investigating the Bank of the Internet (BofI) for possible money laundering violations. However, the company provided a written statement claiming that the company is in good regulatory standing and does not… Read more >
Lindsay Columbo: How did due diligence become so complicated? By Lindsay Columbo | Thursday, July 19, 2018 at 7:28AM
The European Union’s (EU) Fifth Anti-Money Laundering (AMLD5) became binding recently on Monday, July 9 and even after two years of reforming the anti-money laundering (AML) provisions and regulations, the new directive still faces weaknesses and limitations in preventing illicit… Read more >
Eike Batista, once one of Brazil’s wealthiest businessmen who was exposed in Brazil’s ongoing Federal criminal investigation named Lava Jato or Operation Car Wash, has been sentenced to 30 years in prison for paying $16.5 million worth in bribes to… Read more >