Tag #Money Laundering

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dw.com

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Jun 6, 16:12

EU Considers Adding Russia to Money Laundering Grey List

The European Union is considering adding Russia to its grey list for insufficient anti-money laundering measures, increasing financial pressure on Moscow, following Russia's suspension from the FATF and despite potential political hurdles within the EU parliament.

EU Considers Adding Russia to Money Laundering Grey List

The European Union is considering adding Russia to its grey list for insufficient anti-money laundering measures, increasing financial pressure on Moscow, following Russia's suspension from the FATF and despite potential political hurdles within the EU parliament.

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How does the EU's proposed action differ from the approach taken by the Financial Action Task Force (FATF)?

The EU's potential greylisting of Russia reflects broader efforts to isolate Russia financially due to its invasion of Ukraine. The move, while impacting Russia's reputation and transaction costs, relies on a European Parliament vote and may require concessions to gain approval. This differs from the FATF list in assessing practical implementation, not just legal frameworks.

smh.com.au

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Jun 5, 10:14

Star Entertainment Faces \$400 Million Fine, Threatening Bankruptcy

Star Entertainment faces a potential \$400 million fine from AUSTRAC for money laundering violations, threatening its financial stability and recently secured rescue package; the fine's size is based on a precedent with Crown Resorts.

Star Entertainment Faces \$400 Million Fine, Threatening Bankruptcy

Star Entertainment faces a potential \$400 million fine from AUSTRAC for money laundering violations, threatening its financial stability and recently secured rescue package; the fine's size is based on a precedent with Crown Resorts.

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What are the immediate consequences if Star Entertainment is fined \$400 million for money laundering violations?

Star Entertainment, facing a potential \$400 million fine from AUSTRAC for money laundering, claims this would lead to bankruptcy. This is significant because the company recently secured a \$300 million rescue package, of which only \$100 million has been received.

elpais.com

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Jun 4, 01:12

190 kg Cocaine Seizure in Madrid Airport: 10 Arrested

Spanish police arrested 10 members of a drug trafficking ring smuggling 190 kg of cocaine into Madrid-Barajas airport, using disguises and couriers; €150,000, an imitation firearm, and cryptocurrency were seized.

190 kg Cocaine Seizure in Madrid Airport: 10 Arrested

Spanish police arrested 10 members of a drug trafficking ring smuggling 190 kg of cocaine into Madrid-Barajas airport, using disguises and couriers; €150,000, an imitation firearm, and cryptocurrency were seized.

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How did the criminal group launder money, and what were the roles of different members?

The group's modus operandi involved airport insiders guiding couriers to baggage claim, where they retrieved drug-filled suitcases. This operation connected seven shipments from Latin America, utilizing vulnerable individuals for transport and money laundering abroad. The investigation spanned several months and involved coordinated efforts between the Guardia Civil and Policía Nacional.

zeit.de

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Jun 2, 19:17

German Fishing Paradise Linked to Italian Mafia Cocaine Ring

A German fishing paradise in Breckerfeld is suspected to be a money-laundering front for an Italian Mafia cocaine trafficking ring, revealed by accounting irregularities, unpaid tolls, and questionable lending; eight Germans face charges of smuggling almost 900 kilograms of cocaine.

German Fishing Paradise Linked to Italian Mafia Cocaine Ring

A German fishing paradise in Breckerfeld is suspected to be a money-laundering front for an Italian Mafia cocaine trafficking ring, revealed by accounting irregularities, unpaid tolls, and questionable lending; eight Germans face charges of smuggling almost 900 kilograms of cocaine.

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How did the unpaid highway tolls lead to the discovery of the alleged drug trafficking operation?

The fishing paradise's financial problems, coupled with the use of high-powered vehicles and evidence of unpaid highway tolls, suggest a pattern of illicit financial activity. The involvement of a deceased lender who took a business vehicle as collateral highlights questionable lending practices.

foxnews.com

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May 30, 10:11

DHS Nets 14 in LA Fraud Ring Bust

Following last week's similar operation, the Department of Homeland Security conducted a raid in Los Angeles, arresting fourteen members of an Armenian fraud ring for stealing approximately $30 million in COVID relief and Small Business Administration loans; at least one suspect faces deportation.

DHS Nets 14 in LA Fraud Ring Bust

Following last week's similar operation, the Department of Homeland Security conducted a raid in Los Angeles, arresting fourteen members of an Armenian fraud ring for stealing approximately $30 million in COVID relief and Small Business Administration loans; at least one suspect faces deportation.

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How did the Armenian fraud ring utilize fraudulent documents and shell companies to facilitate their scheme?

This operation, involving multiple agencies including the IRS and SBA, highlights the ongoing efforts to combat transnational organized crime exploiting U.S. government programs. The suspects used fraudulent documents to create shell companies and obtain the funds, some of which was spent on luxury goods or sent to Armenia.

lexpress.fr

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May 28, 22:12

Corsican Crime Syndicate Receives €10 Million in Fines, Multiple Prison Sentences

A Corsican criminal group, led by Jacques Santoni, was convicted for money laundering in the "Email Diamant" case, receiving nearly €10 million in fines and sentences up to 13 years in prison; the court highlighted the group's lavish lifestyle and illicit funds.

Corsican Crime Syndicate Receives €10 Million in Fines, Multiple Prison Sentences

A Corsican criminal group, led by Jacques Santoni, was convicted for money laundering in the "Email Diamant" case, receiving nearly €10 million in fines and sentences up to 13 years in prison; the court highlighted the group's lavish lifestyle and illicit funds.

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How did the court's decision address the differing views presented by the prosecution and the defense, and what specific evidence supported the convictions?

The court's decision highlights the group's lavish lifestyle, which was deemed incompatible with their declared income, thus proving the existence of hidden funds. The convictions connect to broader concerns about organized crime's influence on Corsican economy and politics.

nos.nl

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Jun 5, 16:15

New Tip Line Targets Dutch Criminals on Spain's Costa del Sol

A new anonymous tip line targets Dutch criminals living lavishly on Spain's Costa del Sol, aiming to leverage information from the large Dutch expat community to assist police investigations.

New Tip Line Targets Dutch Criminals on Spain's Costa del Sol

A new anonymous tip line targets Dutch criminals living lavishly on Spain's Costa del Sol, aiming to leverage information from the large Dutch expat community to assist police investigations.

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What are the main challenges faced by authorities in investigating and prosecuting Dutch criminals in southern Spain?

The initiative addresses the increasing internationalization of crime, specifically focusing on Dutch criminals operating in the Málaga and Marbella areas. The police hope to receive information on suspicious cash payments, encounters, license plates, and locations to aid investigations. This is a significant step given the known presence of Dutch criminal networks in the region.

cnnespanol.cnn.com

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Jun 4, 01:12

Ecuador Arrests Six Relatives of Fugitive Gang Leader on Money Laundering Charges

Ecuadorian authorities arrested six relatives of Adolfo Macías Villamar, alias "Fito," leader of the Los Choneros gang, on money laundering charges following a large-scale operation that seized 46 properties and other assets, allegedly amassed through drug trafficking, extortion, and control of pris...

Ecuador Arrests Six Relatives of Fugitive Gang Leader on Money Laundering Charges

Ecuadorian authorities arrested six relatives of Adolfo Macías Villamar, alias "Fito," leader of the Los Choneros gang, on money laundering charges following a large-scale operation that seized 46 properties and other assets, allegedly amassed through drug trafficking, extortion, and control of pris...

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What is the immediate impact of the arrests and asset seizures on the Los Choneros criminal organization?

Ecuadorian authorities arrested six relatives of Adolfo Macías Villamar, alias "Fito," the country's most wanted fugitive and leader of the Los Choneros criminal organization, on charges of money laundering. A judge ordered pre-trial detention and the seizure of assets, including 46 properties and various vehicles and valuables. This action directly targets the criminal group's financial structure.

elmundo.es

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Jun 4, 01:12

190 kg Cocaine Seizure in Madrid Airport; 10 Arrested

Ten individuals were arrested in Madrid in a joint operation between the Civil Guard and National Police for smuggling 190 kg of cocaine through Madrid-Barajas airport, using disguised police officers to collect drug shipments from Latin America and exploiting vulnerable individuals for money launde...

190 kg Cocaine Seizure in Madrid Airport; 10 Arrested

Ten individuals were arrested in Madrid in a joint operation between the Civil Guard and National Police for smuggling 190 kg of cocaine through Madrid-Barajas airport, using disguised police officers to collect drug shipments from Latin America and exploiting vulnerable individuals for money launde...

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How did the criminals exploit vulnerabilities in airport security and financial situations to facilitate their operations?

The group's modus operandi involved using low-cost tickets to bypass security, followed by a disguised police officer guiding the drug courier to baggage claim. They used vulnerable individuals, offering financial incentives and falsely claiming police affiliation. This resulted in seven shipments of cocaine from Latin America.

foxnews.com

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May 31, 04:08

Utah Family Charged with Supporting Mexican Cartel Designated as Terrorist Organization

Two Utah family members were arrested and charged with conspiring to support the Jalisco New Generation cartel, a designated terrorist organization, through an alleged oil smuggling operation in Rio Hondo, Texas, resulting in the seizure of multiple assets.

Utah Family Charged with Supporting Mexican Cartel Designated as Terrorist Organization

Two Utah family members were arrested and charged with conspiring to support the Jalisco New Generation cartel, a designated terrorist organization, through an alleged oil smuggling operation in Rio Hondo, Texas, resulting in the seizure of multiple assets.

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What is the immediate impact of the charges against the Jensen brothers on the Jalisco New Generation cartel's operations and funding?

Two Utah residents, Maxwell Sterling Jensen (25) and James Lael Jensen (68), were charged with supporting the Jalisco New Generation cartel, a designated terrorist organization. Their alleged crimes include conspiring to conceal the source of funds from illegal crude oil smuggling and aiding in the fraudulent entry of 2,881 oil shipments. Authorities seized assets including tank barges, trucks, and vehicles.

foxnews.com

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May 30, 01:12

DHS Busts Armenian Fraud Ring, Recovers $30 Million in Stolen COVID Relief Funds

The Department of Homeland Security arrested fourteen members of an Armenian fraud ring in Los Angeles for stealing approximately $30 million in COVID relief and Small Business Administration loans; the raid involved multiple agencies, and at least one suspect faces deportation.

DHS Busts Armenian Fraud Ring, Recovers $30 Million in Stolen COVID Relief Funds

The Department of Homeland Security arrested fourteen members of an Armenian fraud ring in Los Angeles for stealing approximately $30 million in COVID relief and Small Business Administration loans; the raid involved multiple agencies, and at least one suspect faces deportation.

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What is the immediate impact of the DHS raid on the individuals involved and the flow of illicit funds?

In a second consecutive week of early-morning raids, the Department of Homeland Security (DHS) arrested fourteen members of an Armenian fraud ring in Los Angeles. This group allegedly stole $30 million in COVID relief and Small Business Administration loans. One suspect, William McGrayan, is described as the ringleader and faces potential deportation.

bbc.com

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May 27, 16:11

Israel Raids West Bank Businesses, Seizes $2 Million in Anti-Terror Operation

Israeli authorities conducted a large-scale security operation on May 27, 2025, targeting money exchange businesses in the West Bank, arresting suspects and seizing over $2 million, allegedly to disrupt Iranian funding of "terrorist" organizations.

Israel Raids West Bank Businesses, Seizes $2 Million in Anti-Terror Operation

Israeli authorities conducted a large-scale security operation on May 27, 2025, targeting money exchange businesses in the West Bank, arresting suspects and seizing over $2 million, allegedly to disrupt Iranian funding of "terrorist" organizations.

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How does this operation relate to broader efforts to counter "terrorist financing" and Iranian influence in the region?

This operation is part of intensified Israeli efforts to counter what they term "terrorist financing", escalating since the outbreak of the Gaza war. Israeli forces raided multiple cities, from Hebron to Jenin, arresting suspects and seizing significant sums of money from exchange shops within shopping centers. The operation involved elements from the Judea and Samaria Division, police, border guards, and the civil administration under the supervision of the Shin Bet.

Showing 37 to 48 of 221 results