Behind Danske Bank’s money-laundering scandal was a pervasive culture of silence that flourished despite the fact that many people knew or suspected for years that the bank’s Estonian branch was laundering billions of dollars. It took a whistleblower who is a former Danske official to spark serious investigations into the tiny Estonian unit, which handled […]

US Homeland Security Investigations says millions were wired to a Maltese intermediary in scheme to launder embezzled Venezuela petroleum funds A German private banker, Matthias Krull, pleaded guilty for his role in a billion-dollar scheme to launder funds from Venezuela’s state oil company PDVSA. According to the US Homeland Security Investigations criminal complaint, millions were […]

An international network of tax evasion and money laundering in the United Arab Emirates – dubbed the Dubai Papers – involving rich Europeans has been exposed by a French magazine. L’Obs published documents of the Helin Group, which show that it was used by at least 200 people including Russian oligarchs, European aristocrats, Italian art dealers and French […]

Introduction 1. Former Executive of Loyal Bank Ltd Pleads Guilty to Conspiring to Defraud the United States by Failing to Comply with Foreign Account Tax Compliance Act (FATCA) 2. Adrian Baron, the former Chief Business Officer and former Chief Executive Officer of Loyal Bank Ltd, an off-shore bank with offices in Budapest, Hungary and Saint […]

Professional money launderers are individuals, organisations or networks who, for a fee, help criminals launder the proceeds of crime This report looks at the techniques and tools used by professional money launderers, to help countries identify and dismantle them. The FATF’s fourth round of assessments has revealed that many countries are not sufficiently investigating and […]

Foreign companies owning UK properties will have to reveal their ultimate owners on the world’s first public register. 5 years in jail for criminals who illegally profit from owning British property new public information will make it easier for law enforcement agencies to tackle money laundering while reducing opportunities for criminals to hide new data […]

Banks operating in the Baltic nation of Estonia may have laundered considerably larger sums than first thought. Estonian police now estimate that bankers in their country were involved in suspicious transfers of money and securities, mainly from Russia, totaling more than $13 billion from 2011 to 2016. Danske Bank Rebuked by Government as Laundering Scandal […]

  MOSCOW — Rafael Márquez, one of the best-known stars on Mexico’s World Cup soccer team, is a standout of the tournament in Russia. But it has nothing to do with his prowess on the field. Márquez, 39, is on a United States Treasury Department blacklist of people it says have helped launder money for […]