In The News
BRUSSELS, Oct 29 (Reuters) - European Union states are discussing an action plan to counter money laundering at banks that would involve clearer powers for supervisors and a review of a series of recent high-profile cases, a draft document seen by Reuters showed.
COPENHAGEN (Reuters) - A whistleblower who helped to reveal a major money laundering scandal at Danske Bank (DANSKE.CO) has been freed of confidentiality obligations to the company ahead of his testimony in the European Parliament next month.
Oct 29 (Reuters) - Two former executives of collapsed oil company Afren were sentenced to up to six years in prison on Monday after they were convicted of fraud and money laundering over a $300 million business deal, Britain’s Serious Fraud Office (SFO) said.
This isn't just a phenomenon, but an entirely new move into financial operation. Similar to the beginning stages of the "dot-com" era and days of America Online (AOL), cryptocurrency has sparked a financial flame seen and felt ‘round the world.
An international banker who catered to mega-rich Venezuelans was sentenced to 10 years in prison by a Miami federal judge Monday for his supporting role in a massive $1.2 billion money-laundering scheme involving stolen funds from Venezuela’s government.
BRUSSELS (Reuters) - A European Union plan to counter money laundering at banks urges a review of a series of recent high-profile cases but defers a comprehensive reform, a draft document seen by Reuters showed.
As a narco-dictatorship drives Venezuela to the brink of collapse, key partners in the Americas are hoping for more decisive U.S. engagement responding to the growing humanitarian and security crisis. National Security Adviser John Bolton can propose a more purposeful strategy in a public address on U.S. Latin America policy at the Freedom Tower in Miami on Thursday.
For Fourth of July weekend 2015, Patrice de Colmont, the owner of Le Club 55 near St. Tropez, decorated his restaurant with U.S. and French flags. Among the wealthy Americans there nibbling crudités and sipping Domaines Ott was financier Tom Barrack, who’d brought employees from his investment firm, Colony Capital.
The Department of Justice is accusing a Singaporean trader of helping North Korea circumvent sanctions, saying Tan Wee Beng laundered millions of dollars through the U.S. and Singapore.
COPENHAGEN (Reuters) - Danske Bank (DANSKE.CO), which is embroiled in a major money laundering scandal, is now the least preferred of the five large banks in Denmark amongst wealthy private banking customers, a survey from Swedish consultancy firm Prospera showed on Friday.