Tag #Money Laundering

cbsnews.com
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Italian Mafias Exploit Tourism, Poised for Further Gains from Upcoming Events

Italian mafias generate €3.3 billion yearly from tourism, exploiting vulnerable businesses, and are poised to profit further from upcoming major events like the 2026 Olympics and 2025 Jubilee, according to Demoskopika.

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Reduced Inequality
theguardian.com
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UK Appoints Anti-Corruption Champion, Signaling Renewed Global Focus

Margaret Hodge, a former MP and anti-corruption campaigner, has been appointed the UK's anti-corruption champion, signaling a renewed government focus on tackling corruption globally and in UK overseas territories, with increased funding for related agencies and ongoing efforts to establish public r...

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Peace, Justice, and Strong Institutions
english.elpais.com
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Mexico City Music Promoter with Cartel Ties Murdered

Jesús Pérez Alvear, a Mexican music promoter accused by the U.S. of laundering money for the Jalisco New Generation Cartel (CJNG), was shot dead in Mexico City on December 4th, 2023, highlighting the reach of cartel violence and the challenges of prosecuting cartel members.

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dailymail.co.uk
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London Townhouse Linked to Multibillion-Pound Russian Crypto Laundering Scheme

A London townhouse served as a correspondence address for TGR Corporate Concierge LTD, unknowingly linked to a multibillion-pound Russian crypto money laundering operation involving Russian elites, cybercriminals, and drug gangs; leading to 84 arrests and over £20 million seized.

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36% Bias Score

bbc.com
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£700M Money Laundering Operation Linked to Russian Intelligence Dismantled

A multi-billion dollar money laundering operation run by a Moscow-based network, involving 84 arrests across 30 countries, including 71 in the UK, was uncovered; linked to Russian intelligence and drug trafficking, it used digital currencies to launder money for criminal gangs.

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32% Bias Score

hu.euronews.com
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Police Search Locations Linked to Former EU Justice Commissioner Didier Reynders

Belgian police searched locations linked to former EU Justice Commissioner Didier Reynders after his term ended, sparking a political controversy and raising questions about the scope and application of EU immunity; no charges have been filed.

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40% Bias Score

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it.euronews.com
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"Belgian Minister Under Investigation for Lottery Money Laundering"

"Former Belgian Finance Minister Didier Reynders is under investigation for alleged money laundering involving the National Lottery, with \u20ac200,000 potentially laundered through unusually high e-ticket purchases, prompting an internal audit in 2021 and a KPMG investigation concluding in early 20...

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40% Bias Score

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faz.net
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"Belgian Money Laundering Investigation Targets Former EU Justice Commissioner"

"Former EU Justice Commissioner Didier Reynders faces a Belgian money laundering investigation concerning approximately €1 million in cash, including €800,000 in bank deposits over 15 years and €200,000 in lottery tickets over five years; he denies wrongdoing."

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44% Bias Score

Peace, Justice, and Strong Institutions
taz.de
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UK NCA Dismantles Multi-Billion Dollar Russian Money Laundering Network

The UK's National Crime Agency (NCA) disrupted a multi-billion dollar money laundering network run by Russian agents, involving 84 arrests and the seizure of nearly €25 million in cash and cryptocurrency, highlighting the growing use of Tether in illicit finance.

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bbc.com
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UK, US dismantle vast Russian criminal network

The UK's NCA and US OFAC announced sanctions against a Russian criminal network (Smart and TGR Group) involved in money laundering, drug trafficking, espionage, and sanctions evasion, resulting in 84 arrests and the seizure of over £20 million.

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56% Bias Score

theglobeandmail.com
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TD Bank Q4 Profit Misses Estimates Amidst Money Laundering Penalty

Toronto-Dominion Bank (TD) reported Q4 2024 earnings of $3.6 billion, missing analyst expectations due to increased loan loss provisions and weaker US performance, following a $3 billion penalty for money laundering violations.

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40% Bias Score

theglobeandmail.com
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Canada Faces First FATF Evaluation Under Stricter Anti-Money Laundering Criteria

Canada will be one of the first countries evaluated under the Financial Action Task Force's (FATF) revised criteria for combating financial crime, beginning with written submissions and an on-site visit in December 2024; the assessment will focus on the effectiveness of Canada's anti-financial-crime...

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