Swiss prosecutors are investigating Banque Cramer & Cie amid suspicions the Geneva-based private lender handled bribe payments tied to Brazil's state-owned energy firm Petrobras and engineering conglomerate Odebrecht, Reuters reported. More After confidential pretrial records were published in Estonian and Italian newspapers, an attorney representing two former Danske Bank executives asked prosecutors in Estonia to halt their investigation into the pair's role in funneling hundreds of millions of dollars in suspicious proceeds through the Danish lender's local branch, ERR News reported. More Danske Bank plans to lay off 1,600 employees over the next six months in response to a budget...
The Central Bank of Ireland fined Community Credit Union Limited nearly $28,000 for AML violations, Nigerian cross-border cash couriers are using China and Dubai to launder funds, and more, in the weekly roundup.
Investigators say that Mexican drug cartels have been involved in the sale of counterfeit NFL merchandise in flea markets and parking lots, a judge ordered Bank of Tokyo-Mitsubishi UFJ Ltd. to forfeit more than $260,000 held for Iran-based entities to plaintiffs, and more.
The EU imposed sanctions on six individuals who are responsible for leading a recent coup d'état in Guinea-Bissau, Gaddafi's family members transferred approximately $1.97 million in stolen government funds to its embassy in Brussels last year, and more, in this week's roundup.