Tag #Money Laundering

Showing 49 to 60 of 280 results

elpais.com

🌐 85% Global Worthiness

Jul 23, 07:14

Spanish Police Investigate Former Finance Minister's Firm for Corruption

The Mossos d'Esquadra are investigating Equipo Económico, a firm founded by former Spanish Minister of Finance Cristóbal Montoro, for alleged corruption involving €6 million in real estate transactions and suspicions of illicit enrichment through influencing legislation, using a complex network of a...

Spanish Police Investigate Former Finance Minister's Firm for Corruption

The Mossos d'Esquadra are investigating Equipo Económico, a firm founded by former Spanish Minister of Finance Cristóbal Montoro, for alleged corruption involving €6 million in real estate transactions and suspicions of illicit enrichment through influencing legislation, using a complex network of a...

Progress

48% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How did the alleged scheme involving Equipo Económico operate, and what specific actions are under scrutiny?

The investigation focuses on the flow of funds from Equipo Económico to various entities, including those linked to former government officials. The Mossos d'Esquadra identified eight properties purchased via these companies, suggesting a possible attempt to obscure the ultimate recipients of payments. This complex web of companies raises concerns about tax evasion and potential illicit enrichment.

kathimerini.gr

🌐 85% Global Worthiness

Jul 22, 19:15

Moldovan Oligarch Plahotniuc Arrested in Greece

Moldovan fugitive oligarch Vlad Plahotniuc was arrested in Greece today along with a close associate, following an Interpol Red Notice for charges including the establishment of a criminal organization, fraud, and money laundering related to the "theft of the century" involving $1 billion.

Moldovan Oligarch Plahotniuc Arrested in Greece

Moldovan fugitive oligarch Vlad Plahotniuc was arrested in Greece today along with a close associate, following an Interpol Red Notice for charges including the establishment of a criminal organization, fraud, and money laundering related to the "theft of the century" involving $1 billion.

Progress

40% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

What is the significance of the arrest of Vlad Plahotniuc, a Moldovan oligarch wanted for major financial crimes, in Greece?

Vlad Plahotniuc, a Moldovan oligarch and fugitive politician, was arrested in Greece. He was wanted for establishing a criminal organization, fraud, and money laundering, and a red notice had been issued for his arrest. A close associate, also a former MP, was reportedly arrested alongside him.

repubblica.it

🌐 75% Global Worthiness

Jul 20, 13:11

Italian Port Authority Head Investigated for Money Laundering

Antonio Gurrieri, head of the Eastern Adriatic Port Authority and prospective president, is under investigation in Trieste for money laundering due to large, unexplained payments to his Austrian consulting firm, Mmg, from Asian companies; authorities searched his home and office.

Italian Port Authority Head Investigated for Money Laundering

Antonio Gurrieri, head of the Eastern Adriatic Port Authority and prospective president, is under investigation in Trieste for money laundering due to large, unexplained payments to his Austrian consulting firm, Mmg, from Asian companies; authorities searched his home and office.

Progress

44% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

How might this investigation affect the governance and operations of the Eastern Adriatic Port Authority and Alpe Adria?

The investigation stems from a tax audit revealing large, unexplained transactions years ago, raising suspicion of illicit funds. Gurrieri's lawyer claims these were legitimate payments for consulting and training services. Gurrieri, also CEO of Alpe Adria, maintains his innocence and asserts he acted legally.

bbc.com

🌐 85% Global Worthiness

Jul 19, 13:14

Granny's £80m Drug Empire: 20-Year Sentence for 'Gangsta Debbs'

A 65-year-old grandmother, Deborah Mason, led a family drug trafficking operation across south-east England, handling £25-£30m worth of cocaine (street value up to £80m) over seven months, resulting in 20-year prison sentence for her and 10-15 year sentences for her family members.

Granny's £80m Drug Empire: 20-Year Sentence for 'Gangsta Debbs'

A 65-year-old grandmother, Deborah Mason, led a family drug trafficking operation across south-east England, handling £25-£30m worth of cocaine (street value up to £80m) over seven months, resulting in 20-year prison sentence for her and 10-15 year sentences for her family members.

Progress

52% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How did the Mason family's drug trafficking operation function, and what were the specific roles and responsibilities of each family member?

Mason's operation involved complex logistics, using multiple drop-off points across the UK, including major cities and ports like Harwich, Folkestone, and Dover. The gang communicated through the Signal app using aliases, highlighting sophisticated organization and operational security. The significant financial gains fueled lavish spending, including designer goods for Mason's cat.

dailymail.co.uk

🌐 85% Global Worthiness

Jul 16, 13:15

Barclays Fined £42 Million for Money Laundering Failures

Barclays was fined £42 million by the UK's Financial Conduct Authority for failing to adequately manage money laundering risks related to its dealings with Stunt & Co and WealthTek, both subject to criminal investigations, despite warnings from law enforcement.

Barclays Fined £42 Million for Money Laundering Failures

Barclays was fined £42 million by the UK's Financial Conduct Authority for failing to adequately manage money laundering risks related to its dealings with Stunt & Co and WealthTek, both subject to criminal investigations, despite warnings from law enforcement.

Progress

52% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

What were the specific failings of Barclays' anti-money laundering controls that led to the £42 million fine?

Barclays was fined £42 million by the Financial Conduct Authority (FCA) for inadequate handling of money laundering risks involving two firms: Stunt & Co and WealthTek. The fine includes £39.3 million for failing to manage risks with Stunt & Co, which received laundered funds, and £3.1 million for failing to properly vet WealthTek before opening a client account.

elpais.com

🌐 85% Global Worthiness

Jul 15, 19:14

Former BPA CEO Sentenced to Seven Years for Money Laundering

A court in Andorra sentenced Joan Pau Miquel, former CEO of Banca Privada d'Andorra (BPA), to seven years in prison and a €30 million fine for laundering €70 million for a Chinese group between 2007-2011, following a 2015 US investigation into the bank.

Former BPA CEO Sentenced to Seven Years for Money Laundering

A court in Andorra sentenced Joan Pau Miquel, former CEO of Banca Privada d'Andorra (BPA), to seven years in prison and a €30 million fine for laundering €70 million for a Chinese group between 2007-2011, following a 2015 US investigation into the bank.

Progress

36% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

How did the US investigation into BPA contribute to its downfall and subsequent events?

The court's decision highlights the systemic issues within BPA's anti-money laundering practices. The conviction underscores the global implications of financial crimes, as US investigations triggered the intervention and eventual collapse of BPA. The €70 million laundered for the Gao Ping group represents a significant portion of the illicit funds involved.",

smh.com.au

🌐 75% Global Worthiness

Jul 23, 04:12

Perth Airport Cash Seizure Uncovers Multi-Million Dollar Money Laundering Scheme

A 65-year-old woman's attempt to leave Perth Airport with \$190,000 in cash led to the discovery of a multi-million dollar money laundering operation allegedly involving her son and daughter-in-law's purchase of six unmortgaged properties worth \$4.5 million in WA; Police restrained the properties a...

Perth Airport Cash Seizure Uncovers Multi-Million Dollar Money Laundering Scheme

A 65-year-old woman's attempt to leave Perth Airport with \$190,000 in cash led to the discovery of a multi-million dollar money laundering operation allegedly involving her son and daughter-in-law's purchase of six unmortgaged properties worth \$4.5 million in WA; Police restrained the properties a...

Progress

44% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What is the immediate impact of the \$190,000 cash seizure at Perth Airport on investigations into potential money laundering and related financial crimes?

The Australian Federal Police (AFP) seized \$190,000 in cash from a 65-year-old woman at Perth Airport, leading to the discovery of a suspected money laundering operation involving her son and daughter-in-law. The couple allegedly purchased six properties totaling \$4.5 million without mortgages, raising suspicion. Police restrained these assets, along with the cash, as suspected proceeds of crime.

dw.com

🌐 85% Global Worthiness

Jul 20, 19:12

Record Methamphetamine Seizures Highlight Southeast Asia's Drug and Cybercrime Crisis

In 2024, East Asian authorities seized a record 236 tons of methamphetamine, a 24% increase from 2023, largely originating from Myanmar's Shan state and highlighting the challenges posed by the region's intertwined drug and cybercrime economies.

Record Methamphetamine Seizures Highlight Southeast Asia's Drug and Cybercrime Crisis

In 2024, East Asian authorities seized a record 236 tons of methamphetamine, a 24% increase from 2023, largely originating from Myanmar's Shan state and highlighting the challenges posed by the region's intertwined drug and cybercrime economies.

Progress

36% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

What are the immediate impacts of the record methamphetamine seizures in East Asia in 2024?

East Asian anti-narcotics agencies seized 236 tons of methamphetamine in 2024, a 24% increase from 2023. Most was confiscated in southern East Asia, with Thailand seizing 130 tons, the highest ever for a single country in the region. This increase reflects successful law enforcement efforts, but also unprecedented production and trafficking from Myanmar's Shan state.

kathimerini.gr

🌐 75% Global Worthiness

Jul 20, 10:09

Greece Strengthens Bank Supervision to Combat Financial Risks

Greece introduces stricter bank supervision rules on October 1st, focusing on money laundering prevention, improved risk management, conflict of interest prevention for board members, and enhanced whistleblowing procedures to align with European standards.

Greece Strengthens Bank Supervision to Combat Financial Risks

Greece introduces stricter bank supervision rules on October 1st, focusing on money laundering prevention, improved risk management, conflict of interest prevention for board members, and enhanced whistleblowing procedures to align with European standards.

Progress

32% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What immediate impact will the new Greek banking supervisory framework have on risk management and compliance within the country's financial institutions?

Greece implements stricter bank supervision rules starting October 1st, enhancing internal control and risk management committees' roles to align with European Banking Authority guidelines. These updated regulations aim to strengthen the Greek banking system against money laundering and mismanagement.

dutchnews.nl

🌐 75% Global Worthiness

Jul 18, 16:17

Louis Vuitton Suspected in €3 Million Money Laundering Scheme

The Dutch public prosecution service is investigating Louis Vuitton for money laundering after a Chinese woman allegedly used its stores to launder around €3 million through multiple cash purchases below the reporting threshold, aided by a suspected Louis Vuitton staff member; the funds originated f...

Louis Vuitton Suspected in €3 Million Money Laundering Scheme

The Dutch public prosecution service is investigating Louis Vuitton for money laundering after a Chinese woman allegedly used its stores to launder around €3 million through multiple cash purchases below the reporting threshold, aided by a suspected Louis Vuitton staff member; the funds originated f...

Progress

52% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How does the Daigou trading system facilitate money laundering, and what is its estimated scale?

This case highlights the vulnerability of luxury brands to money laundering schemes using the Daigou trading system, where goods are purchased abroad and sent to China to avoid import taxes. The woman allegedly received funds from a convicted underground banker. This method is used by criminal underground bankers to launder funds, and the estimated value of the Daigou market is over €74 billion.

elpais.com

🌐 75% Global Worthiness

Jul 16, 04:12

CNBV Fines Mexican Banks $10M USD for Money Laundering

Mexico's CNBV fined CIBanco, Intercam, and Vector over 185 million pesos for anti-money laundering violations following US Treasury Department sanctions for alleged ties to Mexican drug cartels; the penalties stem from omissions in preventing money laundering and reporting requirements.

CNBV Fines Mexican Banks $10M USD for Money Laundering

Mexico's CNBV fined CIBanco, Intercam, and Vector over 185 million pesos for anti-money laundering violations following US Treasury Department sanctions for alleged ties to Mexican drug cartels; the penalties stem from omissions in preventing money laundering and reporting requirements.

Progress

48% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

How did the US Treasury Department's sanctions influence the CNBV's actions, and what specific violations led to the fines?

CNBV's actions demonstrate increased regulatory scrutiny following US sanctions against these financial institutions. The fines, totaling over 185 million pesos, reflect failures in complying with anti-money laundering regulations and reporting obligations, impacting investor confidence and potentially hindering future operations.

mk.ru

🌐 75% Global Worthiness

Jul 14, 19:13

Russian Bank Database Blocks Cards for 30.8% of Citizens

Due to a new Russian Central Bank database combating money laundering, 30.8% of Russians have faced blocked cards or transaction limits (capped at 100,000 rubles), causing widespread inconvenience and prompting calls for online resolution.

Russian Bank Database Blocks Cards for 30.8% of Citizens

Due to a new Russian Central Bank database combating money laundering, 30.8% of Russians have faced blocked cards or transaction limits (capped at 100,000 rubles), causing widespread inconvenience and prompting calls for online resolution.

Progress

48% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How does the CBR database aim to combat money laundering and what mechanisms are in place to address wrongful inclusions?

The CBR database flags individuals suspected of assisting in money laundering. While 37.4% of respondents believe this measure impacts ordinary citizens and 49.6% feel increased state control, the database aims to combat money laundering and 'droppers' (individuals facilitating criminal transactions). A 15-day appeal process exists for those wrongly flagged.

Showing 49 to 60 of 280 results