18 Mar 2015 – Two staff members have been arrested in St Peter Port, in connection with an investigation into a suspected £21m vat and money laundering fraud. They were arrested at an address registered to several companies, and will be interviewed today. Its part of an investigation called operation bannock that spans the British […]

Officers from the Manx police force’s financial investigation team are today executing six warrants in and around Douglas as part of an investigation into multiple fraud and money laundering offences. This is part of an investigation involving UK HM Revenue & Customs (HMRC), the Manx police, Cheshire Constabulary and Guernsey Border Agency. Four of the […]

Banco de Madrid has filed for bankruptcy less than a week after its Andorran parent was accused of money laundering by US authorities. The US Financial Crimes Enforcement Network said last Tuesday that Banca Privada D’Andorra – which holds all of the capital of Banco de Madrid – was a bank of “primary money laundering […]

It was reported in the JEP on 09/03/2015 that – MORE than 20 major fraud cases involving millions of pounds being allegedly laundered through Jersey banks by people from all over the world are being actively investigated by financial crime detectives, the States police have revealed. The operations department of the Joint Financial Crimes Unit […]

Billions of pounds of corruptly gained money has been laundered by criminals and foreign officials buying upmarket London properties through anonymous offshore front companies – making the city arguably the world capital of money laundering. Some 36,342 properties in London have been bought through hidden companies in offshore havens and while a majority of those […]

Three men have been arrested in a counter-terrorism inquiry after reports of people being tricked out of money in “cold calls” by bogus police officers. The arrests are part of a police probe into large-scale fraud linked to UK extremists travelling to Syria. Two men, aged 29 and 23, were arrested at addresses in west […]

A man has been charged with fraud and money laundering after offences targeting 34 victims. Newhaven resident George Wickens, 23, was charged after offences in Stevenage, as well as in St Albans, Surrey, Sussex, Devon and London. Wickens, of Iveagh Crescent, was charged with conspiracy to commit fraud by making a false representation and conspiracy […]

Citigroup Inc (C.N) said additional government authorities have started probes of possible breaches of anti-money laundering laws at its Banamex USA unit. The Financial Crimes Enforcement Network, a unit of the U.S. Treasury, and the California Department of Business Oversight have asked the company for information on its compliance with the Bank Secrecy Act and […]