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Money Laundering


Alvin Chau, a prominent figure in the Macau gambling scene, denied several charges related to illegal gambling in court on Monday. [Image: Shutterstock.com] Charges against Alvin Chau Alvin Chau, a well-known gambling executive in Macau, denied charges of illegal gambling, money laundering and running a criminal syndicate during his trial on Monday. arrested on warrant …

LAHORE: A responsible court in Lahore on Saturday adjourned the hearing of a money laundering case registered against Shehbaz Sharif and his son, Hamza Shehbaz, until Monday due to a public holiday in the Punjab capital at the occasion of the anniversary of the death, or Ursby Ali Hujwiri. During the previous hearing, the Prime …

WILMINGTON, NC (WECT) — A Wilmington financial adviser pleaded guilty Thursday in connection with a $7 million investment fraud scheme, according to the U.S. Department of Justice. A press release says Shawn Edward Good has pleaded guilty to wire fraud and money laundering. Authorities say he faces 360 months in prison. “We crack down on …

The news The Asset Recovery Agency has dropped money laundering charges against three Nigerian companies – RemX Capital Limited, Avalon Offshore Logistics Limited and OIT Africa Limited. The ARA had, in April 2022, demanded that accounts belonging to the three companies be frozen pending a motion to confiscate the funds from the government. The Asset …

Image source: INSTAGRAM/JACQUELINE FERNANDEZ Jacqueline Fernandez has been named as a defendant in a money laundering case Sukesh Chandrashekhar extortion case: Delhi police will issue another summons to Bollywood actor Jacqueline Fernandez after asking for Monday’s scheduled interrogation to be postponed. Delhi Police have summoned her to join the investigation in the Rs 200 crore …

The recent Australian police covert operation revealed a lot about how transnational organized crime syndicates carry out their money laundering activities Landmark of the Australian Federal Police (AFP) AN0M The interceptions gave the agency a new set of information about the money laundering activities of some of the world’s largest organized crime syndicates. Operation Ironside …

A special court under the Prevention of Money Laundering Act has granted bail to Amit Bhosale, son of businessman Avinash Bhosale, in a disputed money laundering case. an investigation by the Law Enforcement Directorate (ED). Besides Bhosale, another defendant in the case, Ranjit Mohite, was also released on bail. The special court has heard of …

The Mozambican government has approved the Strategy to Prevent and Combat Money Laundering, Terrorism Financing and Nuclear Proliferation (2023-2027), a document that aims to monitor the effectiveness of national coordination and cooperation actions international. Speaking to reporters on August 23, after the weekly meeting of the Council of Ministers (Cabinet), government spokesman, Deputy Justice Minister …

The Federal Capital Territory Administration (FCTA) has started taking steps to ensure mental health and globally accepted standards in the operations of the Bureau de Change (BDC) in Abuja, the nation’s capital. This follows growing concerns expressed by the Economic and Financial Crimes Commission (EFCC) and the general public regarding BDC’s alleged involvement in financial …

Warwick Smith / Stuff Gary Colin O’Connell made $4 million in five years selling meth to Horowhenua. He used several people, including Nathan Brian Robert, to launder his product. A man who admitted to laundering money for one of Horohenua’s most lucrative meth dealers has failed to convince a judge he should be given the …

Strong political will is essential to combat money laundering activities Image for representation. (File photo) KATHMANDU: Speaker of the House of Representatives and Finance Committee, Krishna Prasad Dahal, has emphasized effective literacy in the fight against money laundering in the country. Addressing a discussion program on the control of money laundering which the Committee organized …

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In 2018, as part of Operation Nova, police detectives from the National Organized Crime Group secretly filmed a drug deal involving the Comancheros motorcycle gang. Video / Mike Scott The Comancheros vice president says he is a “changed man” and is considering distancing himself from his criminal associates now that he has been released from …

The son of former Tamale Central MP Inusah Fuseini has been charged in a US court with fraud and money laundering. Evidence at trial revealed that Abdul Inusah, 31, was part of a plot that targeted victims using fake personas via email, text messages and online dating and social media sites. The acts span “from …

Last update: August 22, 2022, 5:20 p.m. HST The car designer has been convicted in various cases by the Crime Intelligence Unit (CIU) and the Economic Offenses Wing of the Mumbai Police. (Picture: Twitter/@Lufthansa_RTS) ED raided several Chhabria-linked premises in Mumbai and Pune in July Car designer Dilip Chhabria arrived at the Office of the …

The United States Office of National Security Investigations, linked to that country’s National Security Department, reported on Thursday the arrest of Argentine businessman Luis Augusto Vutef, son-in-law of former mayor Antonio Ledezma . Via its Twitter account, the American agency indicated that Vuteff was wanted by the United States because of his alleged role in …

A new indictment alleges a Russian citizen was extradited this week from the Netherlands in Portland laundered more than $400,000 worth of cryptocurrency mined from ransomware attacks in the United States in July 2019. Denis Mihaqlovic Dubnikov, 29, pleaded not guilty through his attorney to one count of conspiracy to commit money laundering in his …

Cox pleaded not guilty in federal court Tuesday afternoon, following his arrest hours earlier at the Fresno County federal courthouse, according to county sheriff’s office online records. He is charged with 15 counts of wire fraud, 11 counts of money laundering, one count of financial institution fraud and one count of campaign contribution fraud, according …

Anti-Money Laundering (AML), Blockchain and Cryptocurrency, Cryptocurrency Fraud Suspect charged with ‘involvement in concealing criminal financial flows’ using Mixer Mathew J. Schwartz (euroinfosec) • August 15, 2022 The Dutch Tax Information and Investigation Service, aka FIOD, investigates serious financial crimes in the Netherlands. (Source: FIOD) Dutch police have arrested a man suspected of working as …

HUNTINGTON, WV — After a three-day trial, a federal jury has convicted Abdul Inusah, 31, of Ghana, for his role in a Huntington-based scheme that defrauded individuals in multiple states using fake online personas . Evidence at trial revealed that Inusah was part of a conspiracy that targeted victims using fake personas through email, text …

NEWARK, NJ — Four New Jersey men have been charged for their alleged roles in drug trafficking and money laundering conspiracies, U.S. Attorney Philip R. Sellinger announced today. William Panzera, 49, of North Haledon, New Jersey; Thomas Padovano, 48, and Bartholomew Padovano, 71, both of Newark; and Sean Tighe, 46, of Kearny, New Jersey, are …

The report cites Azentio as a good choice for organizations that want to digitize and modernize their KYC/CDD processes and add AI and ML to improve them SINGAPORE, August 10, 2022 /PRNewswire/ — Azentio software (“Azentio”), a Singapore-technology company whose head office is held by funds advised by Apax partnerstoday announced that it has been …

For years, the United Kingdom (UK), especially London, continued to be a haven for economic offenders from other countries. The Russian oligarchs kept their money parked in the country in the form of property and other assets. It earned the city an unenviable nickname, “Londongrad”. Even Indian businessmen, like Nirav Modi …

Varsha Raut, wife of Shiv Sena MP Sanjay Raut, appeared before the Directorate of Law Enforcement (ED) on Saturday in connection with a money laundering case related to alleged irregularities in the redevelopment of Patra chawl to Goregaon and related transactions. She was interrogated for about 10 hours. The ED had arrested Raut on Monday, …

U.S. Attorney Ronald C. Gathe, Jr. announced that U.S. District Judge John W. deGravelles sentenced Parviz Sharifrazi, 70, of Baton Rouge, Louisiana, to 24 months in federal prison following his convictions for postal fraud and money laundering. The court further ordered Sharifrazi to serve one year of probation following his prison sentence. Today’s conviction stems …

Mexican prosecutors have opened an investigation into former President Enrique Pena Nieto for several alleged crimes, including money laundering and illicit enrichment, weeks after the country’s anti-money laundering agency told him off. accused of managing millions of dollars in potentially illegal funds. In a press release, the Attorney General’s Office (FGR) referred to Pena Nieto …

The Law Enforcement (ED) Directorate is likely to interview Abhishek Prasad, the media adviser to Jharkhand’s Chief Minister, Hemant Soren, in connection with a mining money laundering case illegal and extortion. According to sources, the ED may record its statements at Ranchi’s office. Pankaj Mishra, another close associate of Soren, was taken into ED custody …

Take cognizance of an indictment from the Enforcement Department (ED) filed against Satyendar Jain, leader of the PAAa court stopped the agency for mentioning that the accused companies were represented by Jain, even though he was not a director of any of the companies. Special Judge Geetanjli Goel asked the ED how companies would associate …

SINGAPORE — Three men will be charged in court on Friday July 29 for their alleged involvement in money laundering activities that cost victims more than $500,000. In a statement released Thursday, July 28, police said the three men, aged 17 to 22, allegedly responded to a Telegram message to disclose their user ID and …

Execution Directorate The Law Enforcement Directorate (ED) on Tuesday served notice to the Bishop of Kerala regarding alleged money laundering at the church-run Karakonam Medical College. Moderator of Church of South India (CSI) and Bishop of South Kerala named Dharmaraj Rasalam has been asked to appear for questioning by the central agency on Wednesday. Raids …

JEDDAH: The three-day SOL music festival, which ended on Saturday, featured an eclectic lineup of local, regional and global DJs and artists, which thrilled crowds on Jeddah’s waterfront. Held for the first time on Buhairat Beach, the event also featured a fashion party featuring contemporary clothing brands, art installations, handicrafts from local artisans and food …

FE ONLINE REPORT | Published: July 22, 2022 6:01:35 p.m. Considering the gravity of the offence, the High Court remanded four defendants in a money laundering case into custody rejecting their early bail applications. They are now in jail as the trial court also rejected their request for bail. However, the other two defendants in …

The Enforcement Directorate (ED) has registered a money laundering case against film producer Prerna Arora. Arora was booked and arrested in 2018 by the Economic Crimes Wing of the Mumbai Police for allegedly cheating film producer Vashu Bhagnani out of Rs 31.6 crore. ED’s case is based on the FIR registered by the Mumbai Police …

Dina Arevalo | [email protected] Yolanda Peña leaves the McAllen Federal Courthouse after pleading guilty to money laundering Monday, in McAllen. McALLEN – Confusion over what, exactly, a man was pleading guilty to led a judge to delay accepting his plea in a case in which prosecutors allege a McAllen beauty supply store was used to …

July 16 (THEWILL) – A US court has found three Nigerians guilty of money laundering, after they illegally facilitated the payment of $160 million to Nigeria over a three-year period, through their payment company, Ping Express US LLC. A statement from the US Department of Justice (DoJ) explained that the businessmen failed to maintain anti-money …

Two financial asset managers, Swiss citizen Ralph Steinmann and Argentinian citizen Luis Fernando Vuteff, have been charged with one count of conspiracy to commit money laundering. According to the indictment released in the Southern District of Florida, the defendants were part of a $1.2 billion international scheme to launder corruptly obtained funds from the Venezuelan …

On July 6, the Financial Crimes Enforcement Network (“FinCEN”), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration and the Office of the Comptroller of the Currency (collectively, “the Agencies”) published a Joint Statement to “remind” banks that they must, of course, apply a risk-based …

A day after ED issued a show cause notice of Rs 61.72 crore from FEMA against Amnesty India and its former chief Aakar Patel, the agency said on Saturday it had filed a money laundering complaint against the organization and a few other entities. A lawsuit has been filed in the Chief Civil Judge Court …

The Directorate of Law Enforcement has summoned the wife of Delhi Minister Satyendra Jain, Poonam Jain, to appear before them on July 14 in connection with a money laundering investigation, reported the press agency ANI. It comes months after the ED arrested Satyendra Jain from her residence in connection with alleged hawala dealings linked to …

July 06, 2022 Foley & Lardner To print this article, all you need to do is be registered or log in to Mondaq.com. BankInfoSecurity.com reported that “a Vietnamese accused of orchestrating the largest non-fungible token rug draw to date is facing charges in the United States for wire fraud conspiracy and money laundering.” …

He was promised a salary of S$3,000 per month, with an additional S$600-800 for each bank account provided. In April, he pleaded guilty to five counts, including two counts of helping another retain the benefits of criminal conduct and one count of being a member of a locally linked organized crime group. Besides his involvement …

Bhubaneswar: The Enforcement Directorate said on Saturday that it has attached Rs. 8.52 crores kept in the bank account of the directors of Serajuddin & co., under the provisions of the Prevention of Money Laundering Act ( PMLA) on charges of illegal mining of iron and manganese ores. In a press note, the ED said …

Concerns about money laundering have risen 70% among accountants since the Russian events and sanctions began, according to a new report. According to First AML, 75% of accounting firms have made anti-money laundering a priority in the past year. First AML, an end-to-end anti-money laundering software, surveyed 200 accountants and lawyers in the UK to …

Anti-Money Laundering Software Market, 2022 and 2030 Forecast: Revenue, Size and Growth Global Anti-Money Laundering Software Market 2022 Forecast to 2030 research includes reliable economic, international and domestic forecasts and analysis. It offers a holistic view of the competitive market and in-depth supply chain analyzes to help companies closely identify significant trends in business practices …

A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, Thursday, April 8, 2021. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse and a former employee have been found guilty by the Swiss Federal Criminal Court of failing to prevent money laundering in the country’s first …

Money laundering fuels serious crime and terrorism. It is an essential tool for corrupt, authoritarian and organized criminal groups to profit from their illicit activities, move dirty money and expand their influence. Drug gangs, arms dealers and smugglers need to launder their illicit money to make it look legitimate. This contributes to a host of …

The Enforcement Directorate (ED) on Friday seized several lands and properties belonging to Shiv Sena leader and former minister Arjun Khotkar in a money laundering case. The properties were seized under the provisions of the Prevention of Money Laundering Act (PMLA) in a case relating to the illegal sale of a Co-operative Sugar Mill (Sahakari …

SAYREVILLE — Five employees of a Route 35 strip club have been arrested and charged with money laundering and other criminal offenses following a year-long investigation, the district attorney’s office said. of Middlesex County. Middlesex County District Attorney Yolanda Ciccone and Sayreville Police Chief John Zebrowski said Wednesday that a joint investigation with the Liquor …

New ED summons to Maharashtra Parab minister He had been summoned earlier on June 15 but skipped deposition citing official work PTI, New Delhi, June 20, 2022, 9:21 PM ist updated: 20 Jun 2022, 23:33 ist The ED has issued a fresh summons to Maharashtra minister and Shiv Sena leader Anil Parab for questioning in …

The Bangladesh Financial Intelligence Unit (BFIU) has confiscated Tk 1,294 crore from money launderers since fiscal year 2016-17 as per court orders, the agency said yesterday. A total of 46 court cases were involved in the confiscation process. For all the latest news, follow the Daily Star’s Google News channel. In addition, Taka 1,330 crore …

He added: “This argument is not without merit, since the MLR2017 scheme is clearly broader than the model for attributing companies from ‘failure to prevent’. Under MLR2017, for example, the prosecution would not need to establish the predicate offense of money laundering, but would simply need to point out deficiencies in the company’s AML …

ALBUQUERQUE, NM – Alexander MM Uballez, United States Attorney for the District of New Mexico, announced today that Jose Mendoza and Ryan Rodriguez have been convicted for their roles in a drug trafficking and money laundering conspiracy. silver. A grand jury indicted the defendants on February 25, 2020. According to their plea agreements and other …

Live Breaking News Updated June 14, 2022: Get breaking news, breaking news, latest updates, live news, top headlines, latest business news and top news of the hour. Get breaking news, breaking news, latest updates, live news, top headlines, latest business news and top news of the hour. Updated June 14, 2022 2:45 PM IST Welcome …

MYRTLE BEACH — In a phone call with an associate in April, Doc Antle, the controversial ‘Tiger King’ star of Myrtle Beach, appeared to be talking about disguising the origin of the money allegedly coming from smuggling illegal immigrants from South America. Antle suggested the associate use his Myrtle Beach Safari as cover so the …

VICTORIA — The final report and recommendations of British Columbia’s public inquiry into money laundering are set to be released Wednesday. British Columbia VICTORIA — The final report and recommendations of British Columbia’s public inquiry into money laundering are set to be released Wednesday. The BC government says in a statement that the Cullen Commission’s …

Resources Minister Madeleine King said Australia’s domestic gas security mechanism would be extended and improved. In place since 2017 and due to expire on January 1, 2023, the mechanism aims to secure enough natural gas for domestic needs in Australia when the resource is scarce. It can do this by imposing an export limit on …

Raids on Punjab-based property group Gupta Builders and Promoters (GBP) Private Limited yielded unaccounted cash to the tune of ₹85 lakh, an Audi car and incriminating documents, the Directorate of Law Enforcement (ED) said on Tuesday. The searches were carried out at 19 locations in Chandigarh, Ambala, Panchkula, Mohali and Delhi on June 3 in …

British hedge fund trader Sanjay Shah arrested for $1.7 billion tax evasion in Dubai Published: Mon 6 Jun 2022, 00:21 Last update: Mon 6 Jun 2022, 02:16 A British hedge fund trader has been arrested by Dubai police for tax fraud on dividends worth $1.7 billion. Sanjay Shah, 52, the alleged mastermind behind the scam, …

MYRTLE BEACH — “Tiger King” star Bhagavan “Doc” Antle was arrested by the FBI on June 3, according to Horry County Jail records. No charges are listed, but his arrest is linked to money laundering allegations with a hearing scheduled for Monday, according to a source familiar with the investigation. Antle, 62, has been a …

The government has been accused of watering down efforts to tackle economic crime after it introduced proposals that could reduce transparency around small business accounts. He said he was looking at the type of reporting burdens faced by the UK’s smaller businesses in the hope of reducing the cost and time needed to produce public …

A 21-year-old offender has admitted to laundering money after he was caught carrying a large sum of cash on the ferry. Kye Mason pleaded guilty to two counts of attempting to remove criminal property from the island, namely £3,300 and €1,120, and one count of possession of criminal property, namely £5,450. Another charge, of attempting …

The United States on Thursday imposed sanctions on an Iranian oil smuggling and money laundering ring allegedly backed by Russia. According to a statement from the US Treasury’s Office of Foreign Assets Control (OFAC), the Washington-designated network is led by the Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF) and Hezbollah. The step comes as the United …

Effective measures implemented to protect the financial environment File photo By Wam Published: Wed, May 25, 2022, 7:55 PM Last update: Wed, May 25, 2022, 8:01 PM The UAE reaffirmed its commitment and continued efforts to strengthen its anti-money laundering (AML) and countering the financing of terrorism (CFT) regulatory framework. Authorities continue to maintain and …

A 30-year-old man from Poplar Bluff, Mo., was charged early Sunday morning with money laundering and theft of a firearm, according to arrest reports. Jaleel Devontae Gipson (HCSO Jail photo) Hopkins County Sheriff’s Office Deputy Josh Davis reported stopping a red Hyundai for an expired registration and equipment violation at 2:56 a.m. on Sunday, May …

The Abu Dhabi Criminal Court, which has jurisdiction over the crimes of money laundering and tax evasion, convicted an organized criminal group made up of 79 people of different nationalities, which had specialized in Internet fraud using fake URLs (Uniform Resource Locators) of a Chinese website. offering securities brokerage and trading services and using deception …

The Securities and Exchange Commission said Friday that Wells Fargo Advisors had agreed to pay $7 million to settle charges of anti-money laundering violations. The regulator said Wells Fargo Advisors failed to file at least 34 suspicious activity reports in a timely manner between April 2017 and October 2021. The failure occurred because the broker …

Environment spokesperson Neth Pheaktra attends the Zero Snaring campaign in Preah Vihear province on May 15. MoE The Department of Environment is expanding the strategies it employs to combat wildlife crime to include money laundering and terrorist financing. Ministry spokesman Neth Pheaktra said it was also developing an environmental code to strengthen enforcement of natural …

The bill, which was approved by the cabinet at a meeting on April 20, was returned to the House two weeks ago. It is intended to establish an independent anti-money laundering unit affiliated with the Central Bank of Egypt (CBE). The unit, which will also contribute to eliminating the financing of terrorist operations, will be …

BALTIMORE (AP) — A prominent Baltimore defense attorney has lost his bid for a new trial on money laundering charges for a drug organization. The Baltimore Sun reports that attorney Ken Ravenell requested a new trial on the grounds that jurors had not received instructions on the property before their deliberations. On Friday, U.S. District …

Shehbaz Sharif with his son Hamza Shahbaz. Photo: The News/File LAHORE: The Federal Investigation Agency (FIA) on Thursday decided not to pursue the money laundering case against Prime Minister Shehbaz Sharif and Punjab Chief Minister Hamza Shehbaz and others. In a written order published here on Thursday, Special Central Judge Ejaz Hussain Awan made the …

Image source: PTI Jharkhand IAS officer Pooja Singhal arrested by ED in money laundering case IAS officer and Jharkhand Mines Secretary Pooja Singhal was arrested by the Directorate of Law Enforcement (ED) on Wednesday after his second day of questioning in the ongoing investigation into the money laundering prevention case concerning the alleged embezzlement of …

NNA | Update: 09 May 2022 23:27 STI Bombay (Maharashtra) [India]May 09 (ANI): The Law Enforcement Directorate (ED) has arrested Mahadev Ramachandra Deshmukh, the former president of Shri Chhatrapati Shivaji Education Society (SCSES) in an alleged money laundering case. Deshmukh was taken into ED custody until May 18, the ED said in a statement Monday. …

The Council of Europe, the region’s human rights and democracy organization, has called on all member countries to tackle money laundering of digital assets. The council was formed in the aftermath of World War II to champion democracy, the rule of law and human rights in the region. It has specialist committees that deal with …

A superyacht that US authorities say is owned by a Russian oligarch previously sanctioned for alleged money laundering has been seized by law enforcement in Fiji, the US Department of Justice said Thursday. A judge in Fiji earlier in the week allowed US authorities to seize the yacht Amadea – worth $325million – but also …

A Yorkshire gold dealer at the center of an alleged £266million money laundering operation used illegally acquired cash deposited in his NatWest bank account to buy the precious metal, which was then shipped to Dubai and beyond the reach of the British authorities, a criminal trial was said. A jury at Leeds Crown Court, hearing …

Federal prosecutors and an attorney for Baltimore defense attorney Ken Ravenell have filed court documents asking a judge to impose vastly different sentences next week at Ravenell’s sentencing hearing. . Convicted of money laundering but acquitted of narcotics, conspiracy and racketeering charges, Ravenell’s attorney asks Judge Liam O’Grady to grant his client two years probation. …

(Photo: Gettyimages/GREG BAKER) On Saturday, April 30, India’s Anti-Money Laundering Agency revealed that it had seized assets worth approximately $725 million from Xiaomi India for violating the country’s foreign exchange laws. . This incident is a blow to the Chinese phone maker which dominates the smartphone market in the country. Indian agency seizes Xiaomi assets …

Premier Andrew Alturo Fahie and BVI Ports Authority CEO Oleanvine Pickering Maynard were arrested at Miami-Opa Locka Executive Airport, according to the affidavit. Maynard’s son, Kadeem Stephan Maynard, was also arrested, he said. Fahie and the Maynards are charged with conspiracy to import 5 kilograms or more of cocaine and conspiracy to launder money, the …

The European Union (EU) is seeking to advance one of its most controversial crypto policies to date. If adopted, the idea of ​​a private blockchain presence could be a thing of the past. Not to mention, the legislature will have broad implications for crypto service providers, who will be tasked with reporting tasks that many …

Organized crime and money laundering undoubtedly pose a serious threat to the rule of law and the country’s sustainable development, a court in Dhaka observed on Monday. Judge Md Iqbal Hossain of the Dhaka Metropolitan Special Judges’ Court-5 made the observations while delivering the verdict in a money laundering case linked to the country’s first …

Tribune press service New Delhi, April 23 The Directorate of Law Enforcement (ED) has registered a case under the Prevention of Money Laundering Act (PMLA) against several suspects believed to be involved in the recent violence in Jahangirpuri, including the main defendant Mohammed Ansar. Financial transactions to be probed ED will soon interview …

The Financial Action Task Force said it would assess its member countries more frequently to further help them fight money laundering and terrorist financing. The FATF, a Paris-based organization that sets standards for anti-money laundering legislation, said it would shorten its upcoming fifth round of mutual evaluations to a six-year cycle, according to a report …

TTV Dhinakaran was the Deputy General Secretary of AIADMK New Delhi: The Law Enforcement Directorate (ED) has issued a new summons to AMMK leader TTV Dhinakaran to appear on April 22 for questioning in a corruption-related money laundering case election commission officials in order to obtain the AIADMK’s “two-leaf” symbol for the VK Sasikala faction, …

The Cyprus Bar Association has imposed fines ranging from €8,000 to €79,000 on four Cypriot law firms for violating numerous rules, including the one on money laundering. The head of the association, Christos Clerides, also told Phileleftheros that the fines were imposed after investigations were carried out by the committee appointed by the board of …

Beware of claims that declare a city or country the capital of something – anything – in the world. In 2010, we debunked a claim that Phoenix was the “#2 kidnapping capital of the world” and in 2012 a claim that Tampa was the “strip club capital of the world.” Now, amid Russia’s invasion of …

PTI Lahore, April 10 Hamza Shehbaz, son of PML-N chairman and common opposition prime minister candidate Shehbaz Sharif, is due to appear in a special court on Monday in a high-profile money laundering case. On April 4, the Federal Investigation Agency (FIA) special court summoned Pakistani Muslim League-Nawaz (PML-N) chairman Shehbaz, his son …

As a financier working in Russia from the 1990s, American-born Bill Browder quickly learned that theft was commonplace among oligarchs profiting from the privatization that followed the collapse of the Soviet Union. While investigating a $230 million tax fraud perpetrated against his company, Browder’s lawyer, Sergei Magnitsky, was imprisoned, tortured and killed by Russian authorities. …

The trial of Ismaila Mustapha, also known as Mompha, and his company, Ismalob Global Investment Limited, before Judge Mojisola Dada of the Special Offenses Court, Ikeja, Lagos, continued on Wednesday, April 6, 2022 , with the prosecution and defense providing the court with a “report” on the plea bargain being drawn up. Mompha was charged …

By Ronan Barnard (April 5, 2022, 5:18 p.m. BST) – German authorities said on Tuesday they had shut down the country-based servers of a Russian-language darknet website that was used as a platform for money laundering and the illegal sale of drugs with an annual turnover of more than a billion dollars. German Federal Police, …

Ppolice detained eight men for money laundering. The group used stolen funds to purchase $56 million (430 million MOP) in cryptocurrency over a six-month period, of which at least 180 million MOP was transferred overseas. According to the Judicial Police (PJ), they arrested the eight men last week at a telecommunications store and a hotel …