News

The U.S. Justice Department aims to permanently seize $300 million in a U.K. escrow account that originated from Malaysian sovereign wealth fund 1MDB and was later transferred to a Saudi oil firm, bringing the total funds sought by prosecutors as part of the case to $2.1 billion. More Las Vegas Sands Corporation's subsidiary in Singapore has hired attorneys to investigate claims that employees transferred more than $1 billion in patrons' money to third parties without their consent, Bloomberg reported. More Somali money-transfer companies moved nearly $4 million on behalf of alleged weapons traffickers over a six-year period, according to independent...