MercoPress, en Español

Montevideo, November 17th 2018 - 13:58 UTC

Tag: money laundering

  • Thursday, November 15th 2018 - 16:50 UTC

    Money wirings from British NGO under investigation as G-20 Summit nears

     Banco Credicoop failed to report the “resurrection” of the dormant ATTAC account.

    Two money transfers from British NGO “Global Justice Now” to the Buenos Aires branch of the Association for a Fee for Speculative International Financial Transactions to Help Citizens (ATTAC) worth 32,000 sterling pounds combined, have drawn the attention of Argentine anti money laundering authorities who have launched an ex officio investigation.

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  • Monday, November 12th 2018 - 07:36 UTC

    Cristina Fernandez and “the K money route”, judge asks for further information

    The judge is trying to find evidence of a link between Cristina Fernandez and Lazaro Baez, the contractor involved in money laundering

    Argentine federal Judge Sebastian Casanello ruled lack of admissible evidence in the case involving ex president Cristina Fernandez de Kirchner and referred to the alleged laundering of money from public works contracts during the Kirchner couple's rule (2003/2015), better known as “the route of the K money”.

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  • Wednesday, October 10th 2018 - 19:01 UTC

    Leader Keiko Fujimori arrested for money laundering in Peru

    Keiko Fujimori was being investigated for allegedly receiving funds from the Brazilian construction company Odebrecht for the 2011 presidential campaign.

    A week after the justice annulled the pardon to her father, the former president Alberto Fujimori, after a request of the Peru's Attorney of Wash of Assets, the powerful leader of the Popular Force party, Keiko Fujimori, was arrested in Lima on Wednesday after going to a court to be questioned with her husband. The arrest occurred amid an investigation for alleged irregular handling of funds of the party's campaign for 2011 presidential elections.

  • Friday, October 5th 2018 - 08:58 UTC

    Cristina Fernandez and children to face trial for alleged money laundering

    The case centers around a firm called Los Sauces SA, a real-estate company owned by the former president and her children, Maximo and Florencia

    Former president Cristina Fernández de Kirchner and her children, Florencia Kirchner and Máximo Kirchner, will face trial on alleged money-laundering allegations after a federal judge this week decided to elevate his investigation, sending it to oral and public trial. Disgraced Kirchnerite business allies, Lázaro Báez, Cristóbal López and Fabián De Sousa will also face trial.

  • Friday, September 14th 2018 - 09:11 UTC

    A Judge in Andorra has charged 29 Venezuela chavista officials with corruption

    A judge in Andorra has charged 29 Venezuelans with corruption - among them two former deputy ministers. Prosecutors allege that they were part of a network of corrupt officials who received US$ 2.3bn in bribes from companies in return for lucrative contracts with Venezuela's state-run oil company, PDVSA.

  • Saturday, May 26th 2018 - 08:46 UTC

    Countdown for Rajoy's government: call for fresh elections

    Rajoy called the opposition’s move “opportunist”, and said the no-confidence vote “goes against the stability in Spain and damages the economic recovery”

    Spanish opposition parties have launched a fierce campaign to end the conservative government of Mariano Rajoy after courts ruled that his Partido Popular profited from a large kickbacks-for-contracts scheme. The Socialist opposition announced a vote of no confidence against the prime minister with the backing of anti-establishment and left-wing parties, while the pro-business Ciudadanos (Citizens) – which had supported the conservative minority government until now – urged Mr Rajoy to call a fresh election.

  • Monday, April 30th 2018 - 08:11 UTC

    UK crackdown on money laundering: SLPs channeled US$ 80bn out of Russia

    DBEIS said SLPs have been linked to criminal networks in Eastern Europe and allegedly used in international arms trafficking deals.

    The UK Government is to launch a new crackdown on money laundering amid warnings that a century old business scheme designed to help Scottish farmers is being exploited by foreign criminals. Scottish limited partnerships (SLPs) were first created in 1907 for farm holdings, but ministers say their legal structure makes them attractive money laundering vehicles for international crime groups.

  • Saturday, August 26th 2017 - 10:53 UTC

    Colombia, Chile and Uruguay with the lowest money laundering risks in Latam

    Latin America and Caribbean scoreboard from the Basel Institute

    An annual report by one of the world’s leading institutions working against financial crimes ranks countries around the world in terms of their money laundering risk levels, providing a sense of where Latin American nations stand when it comes to this important aspect of combating organized crime.

  • Tuesday, January 31st 2017 - 22:06 UTC

    Deutsche Bank fined in US and UK for helping Russians money launder

    During the investigation, New York authorities and UK's Financial Conduct Authority found the so called “mirror” trades had been carried between 2011/15

    Deutsche Bank has been fined US$630m by US and UK regulators in connection with a Russian money laundering plan. Under the scheme, clients illegally moved US$10bn out of Russia via shares bought and sold through the bank's Moscow, London and New York offices.

  • Saturday, April 9th 2016 - 14:59 UTC

    Panama Papers: EU warning; questions why no US or German prominent names have surfaced

    “People are fed up with these outrages,” said Pierre Moscovici, who heads financial affairs for the 28-nation EU.

    A European Union official threatened to sanction Panama and other nations if they don’t cooperate fully to fight money laundering and tax evasion, after a leak of data showed the small country remains a key destination for people who want to hide money.

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