IN 2011, The appellant was charged in the Royal Court with money-laundering offences. The appellant was a Guernsey businessman with experience in the insurance industry. He was the director of a number of Guernsey companies The factual background The appellant is 61 years of age. He came to Guernsey in 1984. He is a businessman […]

Except for a few family members and a dwindling number of those who consider him a dissident, most people who have followed the Mukhtar Ablyazov story have nothing good to say about him. They see him as an embezzler, swindler and con man par excellence – a guy whose theft of as much as $15 […]

HM Treasury and the Home Office have published the first comprehensive assessment of money laundering and terrorist financing risk in the UK. The Government’s aim is to maintain the UK’s position as a global financial centre and ensure the country has robust anti-money laundering (AML) and counter terrorist finance (CTF) regimes. The government will formulate […]

The UK financial system is at high risk of being used to launder billions of pounds of corrupt cash through “known professional enablers” in the legal and property professions, according to a new report. The national risk assessment of money laundering and terrorist financing warned that the country’s banking, accountancy and legal services sectors were […]

Dutch bank ING is accused of enabling 123 million euros of money laundering, channeling the flow of funds into companies in tax havens such as the Virgin Islands, reported Volkskrant.nl. Statements made by financier Sam van Doorn, 71, says that ING was repeatedly warned about the shady business practices going on there. Van Doorn’s ex-business associate Erwin van Ruiter, who led […]

A total of six people has been arrested during police raids yesterday, which took place in The Netherlands and beyond. These police raids are a result of an ongoing investigation regarding money laundering with Bitcoin, a service offered by several individual residing in the Rotterdam area. Bitcoin’s PR problem has gotten slightly worse yet again […]

Landsbanki trial in French courts as representatives charged with money laundering and tax evasion Hundreds of British expats lost their homes after the Icelandic bank collapsed in 2008. The bank’s head lawyer in Spain, Domingo Plazas, has also been charged with tax evasion and money laundering Landsbanki equity release victims A MULTI-MILLION euro equity release […]

Ex-UN consultants jailed for bribes over drugs supplied to ‘starving Africans’ Guido Bakker sentenced to one year and Sijbrandus Scheffer to 15 months after rigging pharmaceutical contracts for DRC Two former UN consultants have been jailed by a UK court for receiving bribes to rig contracts worth £66m to supply life-saving drugs to the Democratic […]