Tag: money laundering

• Tuesday, March 4th 2014 - 23:44 UTC

  Several Caribbean BOTs listed in the US 2014 narcotics control strategy report

  

  The United States has named several Caribbean Community (CARICOM) countries as major money laundering states whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafficking.

• Monday, November 4th 2013 - 23:46 UTC

  Gibraltar clears EC test on tax and money laundering matters cooperation

  

  The European Commission has received no ‘well-founded’ complaints alleging Gibraltar’s failure to cooperate on tax, financial and money-laundering matters, according to Michel Barnier, the Commissioner for Internal Market and Services. In response to questions in the European Parliament, Mr Barnier also confirmed that Gibraltar was fully up to date with the transposition of EU legislation in all three fields, according to a report from the Chronicle.

• Monday, August 26th 2013 - 03:10 UTC

  Royal Bank of Canada raid incident in Uruguay continues to be controversial

  

  Uruguay’s Deputy Economy minister Alejandro Antonelli denied any ‘short-circuits’ in the government regarding the Royal Bank of Canada’s raid incident, just a ‘matter of differences’, but insisted that the whole issue is positive for Uruguay since it shows the country’s commitment in combating money laundering and other possible financial crimes.

• Friday, August 16th 2013 - 18:00 UTC

  Canadian bank abandons Uruguay following raid on its office on request from Argentine judge

  

  The Royal Bank of Canada, RBC, is abandoning Uruguay following a raid in its offices at Zonamerica ordered by a Uruguayan magistrate on request from Argentina during which computers, documents on clients and even cell phones from staff were seized by the intervening party which included on-watching Argentine treasury police.

• Friday, June 14th 2013 - 10:57 UTC

  EU wants to extend the tax-evasion network to financial income by non residents

  

  The European Commission is seeking to up the fight against tax evasion within the European Union. The Commission wants governments to automatically exchange information on a wide range of financial income earned in their countries by non-residents.

• Saturday, May 25th 2013 - 05:16 UTC

  Former Guatemalan president extradited to face money laundering charges in US

  

  Former Guatemalan President Alfonso Portillo was extradited on Friday to the United States to face money laundering charges, the US embassy in Guatemala said. A US grand jury decided in 2009 that Portillo, who was in office from 2000 to 2004, should face charges that he laundered 70 million dollars through US banks.

• Thursday, May 23rd 2013 - 07:06 UTC

  Kirchnerite Senate majority approves whitewashing bill; next week in the Lower House

  

  The Argentine government sponsored whitewashing or ‘tax amnesty’ bill received half approval on Wednesday when the Senate passed the initiative by 39 to 28 votes, a bill which the opposition has labelled ‘immoral’. After seven hours of debate and over twenty speakers the line was clearly drawn between the Kirchnerite group and its allies and the rest of the House.

• Wednesday, December 12th 2012 - 21:13 UTC

  HSBC fined 1.9bn for money laundering for drug barons and rogue nations

  

  The US said “dangerous practices” at HSBC allowed the bank to pass money to “drug kingpins and rogue nations”, as it fined it 1.9 billion dollars. HSBC agreed the fine, the largest of its kind, earlier on Tuesday.

• Friday, July 20th 2012 - 07:37 UTC

  Mexican president-elect accused of laundering money in his campaign

  

  Mexico's ruling conservatives lent their support to accusations that President-elect Enrique Peña Nieto benefited from laundered money in his campaign, piling more pressure on the country's next leader.

• Wednesday, July 18th 2012 - 07:59 UTC

  Mexico banking regulator says it repeatedly warned HSBC on money laundering

  

  Mexico's banking regulator on Tuesday defended its role in a money laundering scandal engulfing HSBC Holdings Plc, saying it had repeatedly told the bank to improve lax controls over suspect funds passing through its accounts.