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Midweek Roundup: Treasury Sanctions 31 for Laundering Drug Money, French HSBC Probe Reveals $5 Billion in Hidden Assets, and More
printThe U.S. Treasury Department blacklisted a Bogota-based money laundering network on Tuesday that it said was responsible for masking hundreds of millions dollars in drug proceeds. Isaac Perez Guberek Ravinovicz and Henry Guberek Grimberg directed a group of 29 individuals who laundered drug funds via textile and shell companies based in Panama and elsewhere, according to Treasury. More Separately, the U.S. Attorney's Office in Miami charged Guberek Ravinovicz and Guberek Grimberg and two others for their role in the alleged international money laundering conspiracy. More A French probe into HSBC has uncovered $5 billion in undeclared assets, according to a...
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