Tag #Money Laundering

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dailymail.co.uk

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Apr 19, 19:15

Kinahan Cartel's Fortified Marbella Villa Highlights Drug Empire's Costa del Sol Roots

The Kinahan drug cartel, accused of laundering €1 billion, owned multiple luxury properties on Spain's Costa del Sol, including a heavily fortified Marbella villa, showcasing their money laundering techniques and the challenges faced by law enforcement.

Kinahan Cartel's Fortified Marbella Villa Highlights Drug Empire's Costa del Sol Roots

The Kinahan drug cartel, accused of laundering €1 billion, owned multiple luxury properties on Spain's Costa del Sol, including a heavily fortified Marbella villa, showcasing their money laundering techniques and the challenges faced by law enforcement.

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How did the cartel's operations on the Costa del Sol affect the local community and law enforcement?

The cartel's presence on the Costa del Sol, characterized by high-end properties and a low-key lifestyle, attracted both notoriety and a sense of acceptance among some locals. This acceptance, alongside weak law enforcement initially, enabled the cartel's operations and allowed them to blend into the wealthy community.

dw.com

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Apr 16, 01:14

Peru's Humala Sentenced to 15 Years for Odebrecht Bribery

Former Peruvian President Ollanta Humala and his wife Nadine Heredia were sentenced to 15 years in prison on April 15th for money laundering, with funds from Odebrecht and Hugo Chávez used in Humala's 2011 and 2006 campaigns; Humala was immediately arrested, while Heredia sought refuge in the Brazil...

Peru's Humala Sentenced to 15 Years for Odebrecht Bribery

Former Peruvian President Ollanta Humala and his wife Nadine Heredia were sentenced to 15 years in prison on April 15th for money laundering, with funds from Odebrecht and Hugo Chávez used in Humala's 2011 and 2006 campaigns; Humala was immediately arrested, while Heredia sought refuge in the Brazil...

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What are the potential long-term impacts of this conviction on Peru's political landscape, and what challenges remain in addressing systemic corruption?

This conviction sets a significant precedent in Peru's fight against corruption, potentially influencing future investigations and prosecutions. The ongoing investigation into other implicated officials, including Pedro Pablo Kuczynski, suggests the scandal's full impact may still unfold. The case also reveals the transnational nature of corruption, connecting Brazilian and Venezuelan actors.",

mk.ru

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Apr 15, 16:11

British Soldier Orchestrates £911,677 Fraud

A 34-year-old former British soldier, Aaron Stelmach-Purdi, defrauded taxpayers of £911,677 through a fraudulent expense scheme involving the Joint Personnel Administration (JPA) system; five accomplices also face charges.

British Soldier Orchestrates £911,677 Fraud

A 34-year-old former British soldier, Aaron Stelmach-Purdi, defrauded taxpayers of £911,677 through a fraudulent expense scheme involving the Joint Personnel Administration (JPA) system; five accomplices also face charges.

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What was the total amount stolen in the fraud, and how was the money laundered?

Aaron Stelmach-Purdi, 34, orchestrated a £911,677 fraud while working at the Regents Park Barracks in central London, pocketing £557,093. His lavish spending included hair transplants, teeth whitening in Turkey, and abdominal implants. Police found luxury items such as Christian Louboutin shoes and Louis Vuitton luggage.

bbc.com

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Apr 15, 22:17

Humala and Heredia Sentenced to 15 Years for Money Laundering

A Peruvian court sentenced former president Ollanta Humala and his wife Nadine Heredia to 15 years in prison for money laundering, finding they received illegal funds from Odebrecht for their election campaigns in 2006 and 2011, following a long investigation into the Brazilian company's bribery sca...

Humala and Heredia Sentenced to 15 Years for Money Laundering

A Peruvian court sentenced former president Ollanta Humala and his wife Nadine Heredia to 15 years in prison for money laundering, finding they received illegal funds from Odebrecht for their election campaigns in 2006 and 2011, following a long investigation into the Brazilian company's bribery sca...

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What are the immediate consequences of the Humala-Heredia money laundering conviction for Peruvian politics and the rule of law?

Ollanta Humala, former Peruvian president, and his wife Nadine Heredia have been sentenced to 15 years in prison for money laundering. The court in Lima found they accepted illegal funds from Odebrecht for their 2006 and 2011 election campaigns. This follows a long investigation stemming from Odebrecht's confession to widespread bribery in Latin America.

elpais.com

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Apr 14, 07:11

Spanish Court Investigates Equatorial Guinea Official for Money Laundering

A Spanish court is investigating Carmelo Ovono Obiang, Equatorial Guinea's vice minister of External Security, for international corruption and money laundering, focusing on suspicious transactions totaling over €1.1 million and his company Dereck Edita Hermanos SL.

Spanish Court Investigates Equatorial Guinea Official for Money Laundering

A Spanish court is investigating Carmelo Ovono Obiang, Equatorial Guinea's vice minister of External Security, for international corruption and money laundering, focusing on suspicious transactions totaling over €1.1 million and his company Dereck Edita Hermanos SL.

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How did the alleged money laundering scheme operate, and what role did other individuals play in facilitating it?

The new investigation centers on Dereck Edita Hermanos SL, a seemingly inactive company owned by Ovono Obiang, suspected of being a front for money laundering. Police reports highlight suspicious financial transactions, including €793,000 deposited in cash and additional transfers from a Guinean bank, used to acquire properties in Spain. The Sepblac, Spain's financial intelligence unit, supports these findings.

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.

news.sky.com

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Apr 16, 16:15

Peru's Humala Jailed for Odebrecht Corruption

Former Peruvian president Ollanta Humala and his wife Nadine Heredia were sentenced to 15 years in prison for money laundering, involving \$3 million in illegal campaign contributions from Odebrecht; Humala is in jail, while Heredia has been granted asylum in the Brazilian embassy.

Peru's Humala Jailed for Odebrecht Corruption

Former Peruvian president Ollanta Humala and his wife Nadine Heredia were sentenced to 15 years in prison for money laundering, involving \$3 million in illegal campaign contributions from Odebrecht; Humala is in jail, while Heredia has been granted asylum in the Brazilian embassy.

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How did Odebrecht's bribery scheme impact Peruvian politics, and what factors contributed to its success over such a long period?

This case highlights a broader pattern of corruption involving Odebrecht and Peruvian presidential campaigns. Odebrecht admitted to bribing officials across Latin America, and this conviction marks the third former Peruvian president imprisoned for corruption-related offenses in two decades. The scale of the bribery, involving almost all presidential candidates over 30 years, underscores a systemic issue within Peruvian politics.

es.euronews.com

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Apr 16, 01:14

Peruvian Ex-President Humala Sentenced to 15 Years for Money Laundering

A Peruvian court sentenced former president Ollanta Humala and his wife, Nadine Heredia, to 15 years in prison for money laundering, involving millions in illicit funds from Odebrecht and the Venezuelan government, used to finance their 2006 and 2011 campaigns; this makes Humala the third Peruvian e...

Peruvian Ex-President Humala Sentenced to 15 Years for Money Laundering

A Peruvian court sentenced former president Ollanta Humala and his wife, Nadine Heredia, to 15 years in prison for money laundering, involving millions in illicit funds from Odebrecht and the Venezuelan government, used to finance their 2006 and 2011 campaigns; this makes Humala the third Peruvian e...

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What are the immediate consequences of the Humala-Heredia conviction, and how does it affect Peru's political landscape?

Ollanta Humala and Nadine Heredia, former Peruvian president and first lady, respectively, have been sentenced to 15 years in prison for money laundering. The funds, totaling millions of Peruvian soles, were allegedly used to finance their 2006 and 2011 campaigns and originated from Odebrecht and the Venezuelan government under Hugo Chávez.",

nos.nl

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Apr 15, 13:16

Record \2409 Million Euros in Criminal Assets Seized in the Netherlands

Dutch authorities seized a record \2409 million euros in criminal assets in 2023, a significant increase from previous years, but still a small fraction of the estimated \25 billion in suspicious transactions reported; legal and international cooperation obstacles hinder further progress.

Record \2409 Million Euros in Criminal Assets Seized in the Netherlands

Dutch authorities seized a record \2409 million euros in criminal assets in 2023, a significant increase from previous years, but still a small fraction of the estimated \25 billion in suspicious transactions reported; legal and international cooperation obstacles hinder further progress.

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What is the significance of the record \2409 million euros in criminal assets seized in the Netherlands in 2023?

In 2023, Dutch authorities seized a record \2409 million in criminal assets, a \67% increase from 2022's \246 million. This surge is attributed to increased efforts and is still far below the estimated \25 billion in suspicious transactions reported that year.

news.sky.com

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Apr 15, 10:11

£911,677 MoD Fraud: Six Military Clerks Face Prison

Former corporal Aaron Stelmach-Purdie defrauded the Ministry of Defence of £911,677 through false expense claims between November 2014 and January 2016; five other military clerks were also convicted of money laundering and conspiracy to commit fraud.

£911,677 MoD Fraud: Six Military Clerks Face Prison

Former corporal Aaron Stelmach-Purdie defrauded the Ministry of Defence of £911,677 through false expense claims between November 2014 and January 2016; five other military clerks were also convicted of money laundering and conspiracy to commit fraud.

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How did the involvement of other military clerks facilitate the fraud, and what were their specific roles?

Stelmach-Purdie exploited the MoD's online expense system, making 161 fraudulent claims. His actions involved the complicity of five colleagues, highlighting systemic weaknesses in the MoD's internal controls. The total loss of public funds amounted to £911,677.

t24.com.tr

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Apr 11, 01:16

Flash Haber TV Owner Alleges Bribery, Pressure Amidst Gambling Crackdown

Erhan Kork, the jailed owner of Flash Haber TV, alleges that after changing the channel's programming to a nationalistic stance, he faced pressure from journalists and a bribery attempt by Halk TV's owner to acquire the channel for İmamoğlu's campaign; this followed a crackdown on illegal gambling i...

Flash Haber TV Owner Alleges Bribery, Pressure Amidst Gambling Crackdown

Erhan Kork, the jailed owner of Flash Haber TV, alleges that after changing the channel's programming to a nationalistic stance, he faced pressure from journalists and a bribery attempt by Halk TV's owner to acquire the channel for İmamoğlu's campaign; this followed a crackdown on illegal gambling i...

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How do the allegations of illegal gambling, media manipulation, and political influence intersect in this case?

Kork's claims, including allegations of bribery and pressure, raise questions about media influence and political maneuvering in Turkey. The seizure of Flash Haber TV, Bank Pozitif, and Payfix, following a crackdown on illegal gambling, further highlights the complex interplay between media, business, and politics. The journalists involved, known for their investigative reporting on illegal gambling, have also faced threats.

bbc.com

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Apr 11, 01:16

UK Police Crackdown Uncovers Crime Rings Masquerading as High Street Businesses

A UK-wide police operation, Operation Machinize, targeted 265 High Street businesses in England and Wales last month, uncovering money laundering, illicit goods, and potential modern slavery. The operation resulted in 35 arrests, the seizure of £40,000 in cash, and the identification of three potent...

UK Police Crackdown Uncovers Crime Rings Masquerading as High Street Businesses

A UK-wide police operation, Operation Machinize, targeted 265 High Street businesses in England and Wales last month, uncovering money laundering, illicit goods, and potential modern slavery. The operation resulted in 35 arrests, the seizure of £40,000 in cash, and the identification of three potent...

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What is the immediate impact of Operation Machinize on suspected criminal activity and the affected communities?

Operation Machinize, a UK-wide police crackdown, targeted 265 High Street businesses suspected of being fronts for international crime gangs. Raids uncovered significant cash, illicit goods, and potential modern slavery victims; some businesses were back operating shortly after police left.

Showing 73 to 84 of 221 results