Tag #Money Laundering

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t24.com.tr

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Apr 11, 04:11

Turkish Journalists Released After Detention in Money Laundering Investigation

Turkish journalists Timur Soykan and Murat Ağırel, detained on charges of threatening Erkan Kork, the imprisoned head of Flash Haber TV, during a money laundering investigation, were released with travel restrictions and bi-weekly sign-in requirements after a court hearing.

Turkish Journalists Released After Detention in Money Laundering Investigation

Turkish journalists Timur Soykan and Murat Ağırel, detained on charges of threatening Erkan Kork, the imprisoned head of Flash Haber TV, during a money laundering investigation, were released with travel restrictions and bi-weekly sign-in requirements after a court hearing.

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What are the potential long-term implications of this case for investigative journalism and press freedom in Turkey?

This case highlights increasing pressure on journalists investigating powerful figures in Turkey. The charges against Soykan and Ağırel, related to their reporting on alleged illegal activities, raise concerns about freedom of the press and the potential for the misuse of legal processes to stifle investigative journalism.

bbc.com

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Apr 11, 19:16

Former Crimean Governor Jailed for UK Sanctions Breach

A former Russian governor of Sevastopol, Dmitrii Ovsiannikov, received a 40-month prison sentence in the UK for breaching sanctions by receiving over £75,000 and a Mercedes Benz from relatives; his brother received a suspended sentence for related offenses, marking the UK's first such prosecution un...

Former Crimean Governor Jailed for UK Sanctions Breach

A former Russian governor of Sevastopol, Dmitrii Ovsiannikov, received a 40-month prison sentence in the UK for breaching sanctions by receiving over £75,000 and a Mercedes Benz from relatives; his brother received a suspended sentence for related offenses, marking the UK's first such prosecution un...

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What are the immediate implications of the UK's first successful prosecution for violating Russia-related sanctions?

Dmitrii Ovsiannikov, a former Russian governor of Sevastopol, was sentenced to 40 months in prison for breaching UK sanctions by receiving over £75,000 and a Mercedes from family members. This is the UK's first such prosecution under Russia sanctions regulations, highlighting the government's commitment to enforcing them.

nrc.nl

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Apr 9, 13:20

Rabobank Faces Prosecution for Anti-Money Laundering Violations

The Dutch Public Prosecution Service is prosecuting Rabobank for structurally violating anti-money laundering laws between October 2016 and the end of 2021, following a 2021 report from De Nederlandsche Bank (DNB) about deficient anti-money laundering controls; the bank failed in customer due dilige...

Rabobank Faces Prosecution for Anti-Money Laundering Violations

The Dutch Public Prosecution Service is prosecuting Rabobank for structurally violating anti-money laundering laws between October 2016 and the end of 2021, following a 2021 report from De Nederlandsche Bank (DNB) about deficient anti-money laundering controls; the bank failed in customer due dilige...

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How did the previous prosecutions of ING and ABN Amro influence Rabobank's actions and the current legal proceedings?

The prosecution highlights systemic failures in Dutch banking's anti-money laundering controls. Rabobank's case follows similar prosecutions of ING and ABN Amro, resulting in massive fines. While banks have invested billions in improvements, concerns remain about the collateral damage to legitimate customers from overly stringent regulations.

zeit.de

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Apr 7, 16:10

Munich Trial Exposes Nigerian Mafia's German Operations

Twelve alleged members of the Nigerian mafia group "Black Axe" stand trial in Munich, Germany, accused of crimes including love scams resulting in €235,000 losses, money laundering, and human trafficking; the trial, expected to conclude around December 19, marks the first major prosecution of the gr...

Munich Trial Exposes Nigerian Mafia's German Operations

Twelve alleged members of the Nigerian mafia group "Black Axe" stand trial in Munich, Germany, accused of crimes including love scams resulting in €235,000 losses, money laundering, and human trafficking; the trial, expected to conclude around December 19, marks the first major prosecution of the gr...

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What is the significance of the Munich trial against the Nigerian mafia?

The Munich court is conducting Germany's first major trial against the Nigerian mafia, the Black Axe confraternity, with 12 members facing charges of forming criminal organizations and running a widespread love scam operation. One victim lost €235,000. The group also allegedly launders money and exploits women in prostitution.

elpais.com

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Apr 2, 10:18

Mexican Fugitives Win Court Case, Accounts Unfrozen Amidst Embezzlement Charges

Mexican fugitives Inés Gómez Mont and Víctor Manuel Álvarez Puga, accused of embezzling nearly $145 million through a shell company scheme, had their bank accounts unfrozen by a Mexican court, despite Interpol red notices, highlighting challenges in Mexico's fight against corruption.

Mexican Fugitives Win Court Case, Accounts Unfrozen Amidst Embezzlement Charges

Mexican fugitives Inés Gómez Mont and Víctor Manuel Álvarez Puga, accused of embezzling nearly $145 million through a shell company scheme, had their bank accounts unfrozen by a Mexican court, despite Interpol red notices, highlighting challenges in Mexico's fight against corruption.

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How does the Gómez Mont-Álvarez Puga case expose a broader pattern of corruption in Mexico, and what role did internal government conflicts play in hindering the investigation?

The case highlights a widespread corruption model in Mexico using shell companies to launder money, replicated by politicians, businesses, and criminals. The couple's legal victories stem from internal government conflicts and potential involvement of a prominent politician's children, delaying the investigation and raising concerns about judicial independence. The unfreezing of their assets underscores the challenges faced by the Mexican government in combating corruption.

zeit.de

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Mar 31, 19:14

Organized Crime's Complex Web: Money Laundering in Vienna and Global Implications

Misha Glenny, discussing his research on organized crime in a Zeit interview, reveals how criminals from various countries launder money through seemingly legitimate financial transactions in cities like Vienna and London, highlighting the complexities of combating this crime despite legal efforts l...

Organized Crime's Complex Web: Money Laundering in Vienna and Global Implications

Misha Glenny, discussing his research on organized crime in a Zeit interview, reveals how criminals from various countries launder money through seemingly legitimate financial transactions in cities like Vienna and London, highlighting the complexities of combating this crime despite legal efforts l...

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How effective has the UK's McMafia law been in combating money laundering, and what challenges remain in prosecuting such crimes?

Misha Glenny's research highlights the global reach of organized crime facilitated by seemingly simple financial transactions. The McMafia law in London, enacted partly due to Glenny's advocacy, aims to combat this, but investigations remain complex and resource-intensive, as seen in a case involving the ex-wife of a former Azerbaijani central bank chief.

nbcnews.com

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Apr 11, 04:11

NY Regulator Fines Block Inc. $40 Million for AML Compliance Failures

New York's financial regulator fined Block Inc. \$40 million for serious anti-money laundering compliance failures involving cryptocurrency transactions, highlighting the challenges of regulating rapid fintech growth and the risks of terrorist financing.

NY Regulator Fines Block Inc. $40 Million for AML Compliance Failures

New York's financial regulator fined Block Inc. \$40 million for serious anti-money laundering compliance failures involving cryptocurrency transactions, highlighting the challenges of regulating rapid fintech growth and the risks of terrorist financing.

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How did Block's rapid growth contribute to its anti-money laundering compliance deficiencies?

Block's AML program weaknesses, revealed through a New York State Department of Financial Services (NYSDFS) investigation from early 2021 to September 2022, stemmed from the company's failure to keep pace with its rapid growth. The NYSDFS found Block's systems inadequately monitored transactions, including those involving sanctioned countries and terrorist groups, despite internal warnings and external reporting. This highlights the challenges of regulating rapidly expanding fintech companies.

taz.de

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Apr 9, 13:20

Sanctioned Russian Oligarch Circumvents EU Sanctions via Kitzbühel Villas

Sanctioned Russian oligarch Eduard Khudainatov maintains access to four luxury villas in Kitzbühel, Austria, worth €26 million, through his Cypriot partner Svetlana E., who purchased them between 2017 and 2021, highlighting a loophole in EU sanctions.

Sanctioned Russian Oligarch Circumvents EU Sanctions via Kitzbühel Villas

Sanctioned Russian oligarch Eduard Khudainatov maintains access to four luxury villas in Kitzbühel, Austria, worth €26 million, through his Cypriot partner Svetlana E., who purchased them between 2017 and 2021, highlighting a loophole in EU sanctions.

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How effectively do EU sanctions prevent sanctioned Russian oligarchs from retaining control of assets in the EU, given the Kitzbühel villa case?

Eduard Khudainatov, a sanctioned Russian oil executive and Putin associate, seemingly circumvented EU sanctions on his four luxury villas in Kitzbühel, Austria, through his Cypriot partner, Svetlana E. The villas, worth €26 million, remain accessible to Khudainatov despite the sanctions.

elpais.com

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Apr 8, 10:12

Heir to Emerald Empire Assassinated in Bogotá

Jesús Hernando Sánchez, heir to emerald tycoon Víctor Carranza's business, was assassinated in Bogotá on Sunday, mirroring the death of his predecessor eight months prior; both were killed by snipers in the same location, prompting investigation into the Clan del Golfo and a Dubai-based emerald deal...

Heir to Emerald Empire Assassinated in Bogotá

Jesús Hernando Sánchez, heir to emerald tycoon Víctor Carranza's business, was assassinated in Bogotá on Sunday, mirroring the death of his predecessor eight months prior; both were killed by snipers in the same location, prompting investigation into the Clan del Golfo and a Dubai-based emerald deal...

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How does the ongoing violence in Colombia's emerald sector connect to broader issues of state control, organized crime, and international drug trafficking?

The killings highlight the enduring violence plaguing Colombia's emerald trade. Authorities suspect the Clan del Golfo cartel and a Colombian emerald dealer based in Dubai. The pattern reflects a long history of conflict over emerald mines in Boyacá, where the state's weak control has allowed armed groups to exploit resources.

lexpress.fr

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Apr 4, 13:18

French Investigation Exposes \$85 Million in Alleged Bongo Family Fraud

A French investigation into alleged fraud by the Bongo family and associates, linked to the 'Françafrique' system, has resulted in 24 individuals and entities facing charges, with \$70 million in assets seized and a potential trial on the horizon; BNP Paribas is also implicated.

French Investigation Exposes \$85 Million in Alleged Bongo Family Fraud

A French investigation into alleged fraud by the Bongo family and associates, linked to the 'Françafrique' system, has resulted in 24 individuals and entities facing charges, with \$70 million in assets seized and a potential trial on the horizon; BNP Paribas is also implicated.

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How did the 'Françafrique' system facilitate the alleged fraudulent acquisition of assets, and what role did BNP Paribas play?

The investigation centers on accusations that Omar Bongo, the former Gabonese president, diverted \$52 million to a Gabonese company for real estate purchases, with the money flowing through French accounts. This case highlights the 'Françafrique' system's role in facilitating illicit financial flows and the ongoing challenges in recovering assets.

elpais.com

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Apr 1, 07:18

US Sanctions Sinaloa Cartel Money Laundering Network

The U.S. Treasury Department sanctioned six individuals and seven companies for money laundering linked to the Sinaloa Cartel, freezing their U.S. assets and prohibiting transactions; this follows the designation of 600 other cartel members and aims to disrupt the cartel's financial operations.

US Sanctions Sinaloa Cartel Money Laundering Network

The U.S. Treasury Department sanctioned six individuals and seven companies for money laundering linked to the Sinaloa Cartel, freezing their U.S. assets and prohibiting transactions; this follows the designation of 600 other cartel members and aims to disrupt the cartel's financial operations.

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What are the immediate consequences of the U.S. Treasury Department's sanctions against the Sinaloa Cartel's financial network?

The U.S. Treasury Department sanctioned six individuals and seven companies for money laundering tied to the Sinaloa Cartel, which is responsible for significant fentanyl trafficking into the U.S. The sanctions, in collaboration with Mexico's Financial Intelligence Unit, freeze assets and prohibit transactions with the designated entities.

elpais.com

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Mar 31, 19:14

Supreme Court Investigates MEP Alvise for Illegal Campaign Financing

The Spanish Supreme Court is investigating Member of the European Parliament Luis Pérez (Alvise) for alleged illegal campaign financing totaling €100,000 received from businessman Luis Romillo, who self-incriminated, leading to potential consequences including loss of immunity from prosecution and f...

Supreme Court Investigates MEP Alvise for Illegal Campaign Financing

The Spanish Supreme Court is investigating Member of the European Parliament Luis Pérez (Alvise) for alleged illegal campaign financing totaling €100,000 received from businessman Luis Romillo, who self-incriminated, leading to potential consequences including loss of immunity from prosecution and f...

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How did the alleged pyramid scheme of Luis Romillo connect to the campaign finance investigation of Alvise?

This case highlights potential loopholes in campaign finance regulations. Romillo's alleged donation, channeled through anonymous virtual wallets, raises concerns about transparency and accountability in European elections. The investigation also involves Romillo's own alleged pyramid scheme, suggesting a complex web of financial dealings.

Showing 145 to 156 of 282 results