A civil complaint to recoup $22 million seized by the London police last year revealed the previously undisclosed names of four derivatives firms accused of laundering $76 million through bogus trades and transferring illicit proceeds from the British Virgin Islands to Russia, Bloomberg reported. More U.S. prosecutors accused Juan Granda, the director of operations at Miami-based metals refinery NTR Metals, and two associates of helping South American drug traffickers launder illicit proceeds via billions of dollars-worth of illegal gold shipped from Amazon mines, the Miami Herald reported. More The Honduran government may have sought to pay off debt through a...
Insurance firm Lloyd's of London intends to move part of its U.K. operations to Europe early next year, EU officials plan to introduce legislation next year that would place new rules on tax advisors, and more, in this week's roundup.
President-elect Donald Trump's advisors are considering options for expanding sanctions against Iran, the European Council proposed designating the sale of high-value cultural items pillaged from conflict zones in Syria as terrorist financing, and more, in this week's roundup.
Israel's Bank Hapoalim has racked up as much as $220 million in costs for allegedly abetting tax evasion, China is working on a digital currency it hopes will foil financial criminals, and more, in this week's roundup.
Macau's former chief prosecutor has been charged with nearly 2,000 counts of fraud, money laundering and other crimes, former Venezuelan soccer federation head Rafael Esquivel pleaded guilty to money laundering, and more, in this week's roundup.
Banks helped U.K. law enforcement to identify 10 people suspected of making 1,985 fraudulent transactions, Colombia for the first time ever seized over $3 million in illegal mining assets from the FARC, and more, in this week's roundup.
European nations launch investigations into banks tied to the Mossack Fonseca leaks, Miami-Dade county police accuse 22 individuals of using Florida businesses to launder cartel money, and more, in this week's news roundup.