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A LINGERIE trader, a building-materials supplier and two fruit-and-vegetable importers are all accused of laundering hundreds of millions of euros through their accounts with ING, a big Dutch bank, between 2010 and 2015.
BRUSSELS (Reuters) - European Union regulators have drawn up a preliminary plan for a possible tightening of rules against money laundering after a series of high-level cases at the bloc’s banks, but do not envisage quick measures.
In his white sweatshirt and hot-pink Nikes, the man sitting on a park bench in front of the cathedral in Orizaba looks like an ordinary 32-year-old, but he’s talking about murdering people. He tells me he’s done it eight times and explains the sort of thing that, in his line of work, gets a person killed. “Being a wiseguy,” he says. “Acting tough. Going around like a badass.
WASHINGTON — North Korea engaged in a yearslong effort to hack into American companies and steal from financial institutions around the globe, the Justice Department charged on Thursday in a 174-page criminal complaint that detailed how hackers caused hundreds of millions of dollars’ worth of damage to the global economy.
The EU has a dirty money problem. Revelations this week that Danske Bank — Denmark’s biggest lender — handled up to $30bn of mainly Russian and ex-Soviet cash through a branch in Estonia in just one year — is the worst in a series of recent scandals about illicit flows of foreign cash.
AMSTERDAM/FRANKFURT, Sept 4 (Reuters) - When Dutch prosecutors trawled through ING’s books they found a “women’s underwear trader” had been able to launder 150 million euros through the bank’s accounts without ringing alarm bells.
Arnold Eng believes that small changes can make a big difference – especially in the world of nuclear safeguards.
The 2011 Fukushima disaster in Japan was a huge blow to the global nuclear power industry. After the meltdown, electricity generation from nuclear dropped 11 percent globally, and has yet to recover. In developed countries, including the United States, lingering fears have motivated early plant retirements and cancellations of proposed projects.
(Bloomberg Opinion) -- Europe's national regulators are discovering the limits of their ability to police cross-border money laundering in a complex and globalized financial system that's full of holes. As incomplete and imperfect as the region's banking union may be, more supranational oversight and co-operation would help.