Police in Italy, Latvia, and Lithuania arrested 18 people linked to a €2 billion money laundering operation involving a Lithuanian financial institution as part of a coordinated action with the EU Agency for Criminal Justice Cooperation.
The U.S. Attorney’s Office for the Southern District of California announced the extradition of David Constantin for his alleged orchestration of a $5 million California unemployment fraud scheme.
Authorities in Italy, Latvia and Lithuania on Tuesday arrested 18 people Tuesday suspected of helping launder €2 billion from a range of crimes through an electronic money institution, or EMI, in the Baltics.
Raiffeisen Bank in court, UAE exits gray list, and more, in the weekly roundup.
India’s Financial Intelligence Unit penalized the Odisha, India-based bank for failure to adhere to its anti-money laundering obligations under the Prevention of Money Laundering Act, 2002.
India’s Financial Intelligence Unit imposed a monetary fine on the Odisha, India-based bank for failure to adhere to its anti-money laundering and counterterrorist financing obligations.