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MEXICO CITY (Reuters) - New Mexican President Andres Manuel Lopez Obrador is taking aim at the finances of the powerful Jalisco cartel in what a top anti-money laundering official said was the opening salvo in the fight to stop criminal gangs from flourishing with impunity.
LONDON—In an attempt to crack down on money laundering and corruption, the British government has suspended investor visas that allow the superrich to gain speedy entry to the country.
As euphemisms for suspected money-laundering go, “insufficiently legitimised” takes some beating. That is how Denmark’s Financial Supervisory Authority (fsa) described some of Danske Bank’s customers in a report in 2012. The country’s largest bank now faces criminal charges at home and investigations elsewhere.
Prosecutors have unsealed the first U.S. criminal charges filed since the Panama Papers, a trove of secret documents revealing details of offshore shell-companies, were leaked to reporters and published in 2016.
A Lebanese businessman accused of helping finance Hezbollah pleaded guilty Thursday to committing roughly $1 billion in unlawful transactions since 2009 in a deal with federal prosecutors that calls for five years in prison and a forfeiture of $50 million.
Deutsche Bank processed €31bn more of questionable funds for Danske Bank than previously thought, increasing its exposure to the world’s biggest money-laundering scandal.
SEOUL, South Korea — North Korea is expanding an important missile base that would be one of the most likely sites for deploying intercontinental ballistic missiles capable of reaching the United States, two experts on the North’s missile programs said Thursday, citing new research based on satellite imagery.
Canadian authorities in Vancouver have arrested Huawei Technologies Co.’s chief financial officer at the request of the U.S. for alleged violations of Iran sanctions, the latest move by Washington against the Chinese cellular-technology giant.
A wealthy businessman who until recently was head of the company that feeds American troops in Afghanistan has been charged in federal court with violating sanctions against trade with Iran, along with other offenses.
The Tri-Border Area (TBA) of Argentina, Brazil, and Paraguay has long been a safe haven for transnational crime and terrorist organizations like Hezbollah. Weak border enforcement, corruption and lack of government presence have given criminal groups free reign to operate virtually unchecked for years.