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Iran is moving closer to accepting international rules on combating financial crime as the authorities struggle to keep banking channels open for oil exports in the face of crippling US sanctions.
Roman Abramovich's lawyer has said any suggestion that the Chelsea owner has been involved in money laundering or has contacts with criminal organisations is "entirely false" after it was reported that he was denied residency in Switzerland in 2016 amid allegations of both.
The Estonian branch of Danske Bank, Denmark’s largest bank, has been revealed as the center of a massive money laundering operation. Between 2007 and 2015, 9.5 million payments were made through this tiny branch by about 15,000 non-resident customers, many of them Russian. The total value of these payments amounted to some 200bn Euros ($236bn), about 10 times Estonia’s GDP.
BRUSSELS (Reuters) - Europe’s banking watchdog has backed a recommendation by the Maltese financial regulator to withdraw Pilatus Bank’s banking license following the indictment of its chairman for money laundering.
European countries have failed to address financial crime and it is time to take action, the Latvian finance minister told CNBC Wednesday.
Rep. Maxine Waters has tried for months to get a House committee chairman to subpoena documents from Deutsche Bank about Russian money laundering and the finances of President Trump and his family.
The Trump administration's hopes for scoring a pre-midterm win by reworking the North American Free Trade Agreement are circling the drain.
Trump takes on the world, and it pushes back
President Trump defended his administration’s trade wars on the most international of stages. He told the U.N. General Assembly yesterday that his policies remain defined by two words: America First.
Malaysian businessman Jho Low is considered the mastermind of a multi-billion dollar financial scandal that involves a complex web of offshore shell companies, A-list celebrities, the Middle East and Wall Street.
As a component of Washington, D.C.’s most recent city budget, the district will raise its cigarette excise tax from $2.50 per pack to $4.50 next month. This development is notable not only because it means the tax will increase by 80 percent in just one year, but also because D.C. will have one of the highest state cigarette taxes in the country after the increase is in place Oct. 1.