Seven cases of money laundering, reportedly worth SR16 billion ($4 billion), are under investigation in Saudi Arabia, according to local media. Thirty suspects of various nationalities – including Saudis – have been arrested and 15 of them released after questioning, Saudi Gazette reported. The Penal Court is to examine one case involving an alleged SR2 […]

Five months after the release of the Panama Papers, a new, searchable database of 1.3 million files leaked from the company register of the Bahamas to German newspaper Süddeutsche Zeitung has ‘brought to light details of the financial interests of politicians, entrepreneurs, financiers – and fraudsters.” The new information reveals previously unknown or little-reported connections […]

In September of 2015, ex-CEO of Arc Electronics Inc., Alexander Fishenko, plead guilty to a 19 count indictment which included charges of the illegal export of microelectronics, money laundering, wire fraud, obstruction of justice, and acting as an unregistered agent of the Russian government. Unlike many cases in the banking sector, where no executives have […]

A former French budget minister [Jerome Cahuzac] went on trial Monday accused of hiding his wealth in tax havens around the world — while at the same time leading the government’s fight against tax evasion. JEROME CAHUZAC appeared in a Paris court on charges of tax fraud and money laundering that saw him resign in […]

Soccer legend played key role in oiling Germany’s 2006 World Cup bid. The Swiss have done what the Germans couldn’t bring themselves to do. They’ve opened a criminal investigation into soccer legend Franz Beckenbauer over suspicions that he committed fraud and laundered money in helping Germany win the rights to host FIFA’s 2006 World Cup. […]

BACK GROUND A 65-year-old woman facing ruin after sending her life savings to a dating site conman has been convicted of money laundering after she unwittingly passed cash to the scammer from other victims. Foster admitted money laundering at Isleworth Crown Court Sherroll Foster, from Uxbridge, west London, was spared jail after admitting the offence […]

The Scottish Government has become so alarmed about shell firms being used as fronts for everything from cyber-scams to the wholesale looting of banks – usually limited partnerships or SLPs advertised as “zero-tax offshore companies” across eastern Europe –that the Sunday Herald can reveal that last week Finance Secretary Derek Mackay wrote to his UK […]

The U.S. Treasury on Wednesday expanded its hunt for international criminals who launder money through real-estate deals by ordering title insurance companies to report all-cash buyers’ identities in parts of California and Texas, as well as greater swaths of New York and Florida. The program to unmask individuals behind shell companies that buy high-end houses […]