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German regulators have ordered Deutsche Bank to take internal actions to prevent money laundering, a few weeks after a scandal erupted in Danske Bank.
Ilmārs Rimšēvičs, the governor of the Latvian central bank, had been enjoying the start of his vacation in Spain when a buzzing phone interrupted his dinner. The call on that February evening brought bad news. Back in Riga, police were searching his home and his office at the bank.
Patrick Jenkins ( “Full-service was for your dirty cash at EU’s badly policed banks”, September 18) might have pointed out that the UK lies at the heart of Europe’s money laundering problems, with the National Crime Agency estimating that tainted funds flowing into the UK amount to £90bn a year, set against enforcement recoveries of less than £40m.
Saudi Arabia has been strongly criticized for its failure to tackle money laundering and international terrorism financing in a new report which will make uncomfortable reading for the authorities in Riyadh.
U.S. President Donald Trump has long lambasted the Justice Department probe into election meddling by Russia, and now he’s summoned the top official overseeing that investigation to the White House to see, in his words, “what’s going on.”
The U.S. sanctioned Venezuelan President Nicolas Maduro’s wife and five of his associates, as the Trump administration continues to punish his regime for corruption and anti-democratic practices.
HELSINKI (Reuters) - A Finnish court on Tuesday remanded in custody a Russian and an Estonian detained on suspicion of aggravated money laundering following a police raid described by officials as exceptionally large.
Hundreds of people have been killed since the wave of protests began in April.
(CNN) Iran's Supreme Leader Ayatollah Seyyed Ali Khamenei on Monday accused Saudi Arabia and the United Arab Emirates of financing the perpetrators of Saturday's deadly attack on a military parade in Ahvaz and threatened to "harshly punish" the masterminds.
Secretary of State Mike Pompeo and UN Ambassador Nikki Haley appeared on Sunday morning’s news shows and took a hard line on Iran, but said the president would react favorably if Iran expressed interest in meeting.