Tag: money laundering

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

  Cristina Fernandez and children to face trial for alleged money laundering

  

  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

  

  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

  

  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

  

  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

  

  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

  

  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.

• Friday, January 29th 2016 - 03:58 UTC

  Petrobras corruption uncovers beach-side apartments used as bribes and money laundering

  

  Beach-side apartments in Brazil may have been used as bribes and to launder money for members of the ruling Workers’ Party (PT), police and prosecutors said as they carried out six arrests and executed 15 search warrants in four cities.

• Tuesday, July 28th 2015 - 06:45 UTC

  PM Cameron: UK must not become a safe haven for corrupt money from around the world

  

  Foreigners must be stopped from buying UK homes with “plundered or laundered cash” and a “global effort” launched to defeat corruption, David Cameron will say in a speech later. Cameron will vow to expose the use of “anonymous shell companies” to buy luxury UK properties - often in London.

• Saturday, April 12th 2014 - 08:59 UTC

  Brazilian police investigation into money laundering includes Petrobras

  

  Brazil's Federal police confirmed on Friday that it had orders from a Parana federal judge to raid Petrobras offices in search of documentation related to an alleged major money laundering scheme but it was not necessary because of the collaboration from the country's largest oil and gas corporation officials.