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The chaotic transition to capitalism in Russia and its neighbors triggered a flood of hundreds of billions of dollars out of the former Soviet Union.
A congressional committee voted on Thursday to approve legislation aimed at increasing marijuana businesses' access to banks.
Under the rule of the Nigerian dictator Sani Abacha more than 20 years ago, a handful of high-ranking government officials looted billions of dollars from the country’s coffers.
New York’s financial regulator is asking two Nordic banks for detailed information about their transactions with Danske Bank A/S as part of a burgeoning investigation into global money laundering, according to a person familiar with the matter.
Swedish police on Wednesday raided the headquarters of SwedbankSWDBY -3.31% AB, the latest Scandinavian banking giant to come under suspicion of laundering billions of dollars in illicit funds from Russia.
STOCKHOLM (Reuters) - Sweden may need tougher legislation in order to strengthen anti-money laundering processes in the financial system, Prime Minister Stefan Lofven said on Wednesday.
About €135bn of money flowed through a Swedbank unit dealing mostly with Russian clients in Estonia over a 10-year period, according to an internal report seen by Swedish public TV.
As Sweden gets to grips with the money laundering scandal battering its oldest bank, questions are being asked about the impartiality of those overseeing the case.
BOSTON — Several former athletic coaches and others accused of participating in the college admissions cheating and bribery scandal pleaded not guilty to racketeering conspiracy charges Monday.
Details emerged over the weekend regarding deals that two defendants in the nationwide college admissions cheating scandal have cut with the government.