Tag #Money Laundering

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dailymail.co.uk

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Dec 16, 01:09

Assad Regime Secretly Transferred \u00a3200 Million to Russia

Bashar al-Assad's regime secretly transferred approximately \u00a3200 million in cash to Russia between 2018 and 2019 via 21 flights, coinciding with Syria's dependence on Russia for military and economic support and the Assad family's purchase of luxury properties in Moscow.

Assad Regime Secretly Transferred \u00a3200 Million to Russia

Bashar al-Assad's regime secretly transferred approximately \u00a3200 million in cash to Russia between 2018 and 2019 via 21 flights, coinciding with Syria's dependence on Russia for military and economic support and the Assad family's purchase of luxury properties in Moscow.

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What are the long-term implications of the Assad regime's actions for Syria's economic recovery and its relationship with both Russia and the international community?

The Assad regime's actions indicate a deliberate strategy to circumvent international sanctions and maintain financial stability through opaque channels. This practice raises questions about the long-term economic and political stability of Syria, particularly given the potential for future sanctions and the erosion of public trust.

theguardian.com

🌐 75% Global Worthiness

Dec 16, 13:10

Austrac Sues Entain for Alleged Anti-Money Laundering Violations

Australia's financial intelligence agency, Austrac, filed a lawsuit against gambling giant Entain, alleging it failed to comply with anti-money laundering laws, deliberately obscured high-risk customer identities, and allowed its platforms to be exploited by criminals. This is Austrac's first civil ...

Austrac Sues Entain for Alleged Anti-Money Laundering Violations

Australia's financial intelligence agency, Austrac, filed a lawsuit against gambling giant Entain, alleging it failed to comply with anti-money laundering laws, deliberately obscured high-risk customer identities, and allowed its platforms to be exploited by criminals. This is Austrac's first civil ...

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What broader implications does this case have for the future regulation of online gambling and anti-money laundering measures in Australia and internationally?

This legal action sets a precedent for future enforcement against online bookmakers in Australia and globally. The alleged deliberate obfuscation of high-risk customer identities by Entain signals a potential widespread issue within the online gambling industry. Future regulatory efforts will likely focus on enhancing identity verification protocols, improving oversight of third-party transaction processors, and strengthening corporate governance around anti-money laundering programs.

us.cnn.com

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Dec 12, 04:08

TD Bank Employee Arrested in \$670 Million Money Laundering Scheme

A former TD Bank employee, Leonardo Ayala, was arrested and charged with money laundering conspiracy for his alleged role in a scheme that moved over \$670 million through the bank, resulting from systemic failures in the bank's transaction monitoring that allowed cartels to launder money; the bank ...

TD Bank Employee Arrested in \$670 Million Money Laundering Scheme

A former TD Bank employee, Leonardo Ayala, was arrested and charged with money laundering conspiracy for his alleged role in a scheme that moved over \$670 million through the bank, resulting from systemic failures in the bank's transaction monitoring that allowed cartels to launder money; the bank ...

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How did the systemic deficiencies within TD Bank's transaction monitoring contribute to the success of the money-laundering operation?

Ayala's arrest highlights a growing concern among US authorities regarding cartels exploiting the banking system for money laundering, particularly related to drug proceeds. The case underscores the need for improved bank security and transaction monitoring to prevent future exploitation. The \$670 million laundered through TD Bank represents a significant portion of cartel activity.

it.euronews.com

🌐 85% Global Worthiness

Dec 11, 13:07

"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...

"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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"What specific actions within the National Lottery system facilitated the alleged money laundering scheme, and what immediate changes are necessary to prevent similar incidents?"

"Former Belgian Finance Minister and EU Justice Commissioner Didier Reynders was questioned by police on December 3rd, 2023, regarding money laundering suspicions involving the National Lottery. Reynders denies the accusations, claiming the funds originated from private assets and is cooperating with investigators. However, the National Lottery's report highlights unusual e-ticket purchases, raising concerns.", "The National Lottery report reveals that only four of 6500 retailers sold over \u20ac10,000 in e-tickets in 2024, indicating unusually high transactions from Reynders' accounts. Two accounts, allegedly belonging to Reynders and his wife, deposited nearly \u20ac25,000 each, primarily withdrawing winnings rather than reinvesting. This anomaly triggered internal alarms, leading to a KPMG investigation and notification of federal prosecutors.", "The significant delay between the Lottery's 2022 report to prosecutors and their August 2023 request for further information raises questions. This delay, coinciding with the end of Reynders' term, suggests potential concerns about legal immunity. The case highlights potential vulnerabilities in lottery systems, despite their generally lower risk profile for money laundering compared to casinos."

theguardian.com

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Dec 9, 16:11

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...

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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What is the significance of Margaret Hodge's appointment as the UK's anti-corruption champion?

Margaret Hodge, a prominent anti-corruption campaigner, has been appointed the UK's anti-corruption champion. This signals the Foreign Office's renewed commitment to tackling corruption globally, particularly in UK overseas territories. The appointment follows years of advocacy by Hodge, including efforts to establish public registers of beneficial ownership.

english.elpais.com

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Dec 7, 01:07

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.

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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How did Pérez Alvear's music promotion business facilitate money laundering for the CJNG, and what were the broader consequences of his actions?

Pérez Alvear's activities involved using his legitimate music promotion business to launder money from the CJNG. This demonstrates how criminal organizations infiltrate seemingly legitimate businesses to conceal illicit activities and maintain a flow of funds. His connections to high-profile artists further complicate efforts to combat this type of crime.

kathimerini.gr

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Dec 16, 13:10

Assad Regime Secretly Transferred $250 Million to Russia

The Assad regime secretly moved at least $250 million to Russia between 2018 and 2019 via commercial flights carrying US dollars and Euros, using sanctioned Russian banks, amid international sanctions and reliance on Russian military support.

Assad Regime Secretly Transferred $250 Million to Russia

The Assad regime secretly moved at least $250 million to Russia between 2018 and 2019 via commercial flights carrying US dollars and Euros, using sanctioned Russian banks, amid international sanctions and reliance on Russian military support.

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How did the Assad regime circumvent international sanctions, and what are the immediate consequences of this financial maneuver?

The Assad regime secretly transferred at least $250 million to Russia between 2018 and 2019, using commercial flights to move cash in US dollars and Euros. This occurred while Syria faced international sanctions and relied heavily on Russia for military support. The money was deposited in sanctioned Russian banks, highlighting the close financial ties between the two nations.

zeit.de

🌐 55% Global Worthiness

Dec 13, 16:12

Schleswig-Holstein's Anti-Money Laundering Plan Faces Opposition Criticism

The Schleswig-Holstein state parliament referred a state government plan to combat money laundering to the responsible committees; opposition parties criticized the proposed measures as insufficient, particularly the proposed task force's annual meetings, while the state government highlights optimi...

Schleswig-Holstein's Anti-Money Laundering Plan Faces Opposition Criticism

The Schleswig-Holstein state parliament referred a state government plan to combat money laundering to the responsible committees; opposition parties criticized the proposed measures as insufficient, particularly the proposed task force's annual meetings, while the state government highlights optimi...

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Why are opposition parties critical of the proposed anti-money laundering measures, and what evidence supports their concerns?

The initiative addresses concerns about insufficient action against money laundering, with critics highlighting the need for more personnel and earlier implementation. The task force's annual meetings, however, sparked opposition mockery, suggesting a lack of substantial change. The state government argues that this approach optimizes resource use and targets major cases.

elmundo.es

🌐 85% Global Worthiness

Dec 12, 19:12

Catalan Police Bust €1 Million-a-Week Chinese Mafia Money Laundering Ring

Catalan police dismantled a major Chinese mafia money-laundering operation, processing €1 million weekly from marijuana sales via a fei chien network, conventional banking, and hidden vehicle compartments; 25 people were arrested, 7 jailed.

Catalan Police Bust €1 Million-a-Week Chinese Mafia Money Laundering Ring

Catalan police dismantled a major Chinese mafia money-laundering operation, processing €1 million weekly from marijuana sales via a fei chien network, conventional banking, and hidden vehicle compartments; 25 people were arrested, 7 jailed.

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What was the weekly capacity of the main money laundering operation?

The Mossos d'Esquadra dismantled a significant Chinese mafia money-laundering operation in Catalonia, capable of processing €1 million weekly from marijuana sales. The operation involved three methods: a vast fei chien network, conventional banking via commission-based firms, and hidden vehicle compartments.

cbsnews.com

🌐 85% Global Worthiness

Dec 11, 16:09

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.

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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How do Italian mafias leverage financial vulnerabilities of businesses in the tourism sector?

The mafias exploit financially struggling businesses, offering loans with exploitative terms to gain control. This allows them to launder money, perpetrate usury, and extort businesses, undermining the legitimate economy. Nearly 15% of tourism businesses are vulnerable.

faz.net

🌐 85% Global Worthiness

Dec 8, 16:08

"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."

"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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"How did the investigation begin, and what role did the Belgian National Lottery play in bringing the matter to light?"

"The investigation stems from suspicious bank deposits flagged by Belgian financial authorities and a reported excessive lottery ticket purchase pattern that exceeded the weekly limit. Searches of Reynders' homes uncovered €7,000 in cash. The lottery confirmed that he was their only customer reported for suspicious activity.",

taz.de

🌐 95% Global Worthiness

Dec 6, 01:08

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.

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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What is the global significance of the UK's NCA dismantling a multi-billion dollar Russian-led money laundering network?

The UK's National Crime Agency (NCA), in collaboration with international partners, uncovered a Russian-led money laundering network operating from London, Moscow, and Dubai, involving billions of US dollars. This network facilitated the conversion of cash from various criminal groups, including drug gangs and individuals under sanctions, into cryptocurrency, primarily Tether, for illicit activities such as drug purchases in South America. The operation also involved ransomware payments converted into cash.

Showing 97 to 108 of 131 results