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Kola Aluko Probed For Money Laundering

Kola Aluko, a Nigerian energy mogul, bought the 79th floor penthouse at One57 for $51 million in 2014. Read more

Swiss Investigate Private Bank Lombard Odier Over Uzbek Money Laundering

ZURICH – Swiss federal prosecutors have launched a criminal investigation into whether the private bank Lombard Odier failed to prevent money laundering involving the daughter of the former Uzbek president, they said on Thursday. Read more

Colombian Businessman Remain In Custody In Miami

For the second time since being extradited in January, Colombian-Panamanian businessman Nidal Waked Hatum has failed to persuade a federal judge in Miami to free him on bond so he can be with members of his family while his money laundering case unfolds. Read more

Vatican Makes Gains In Cracking Down on Money Laundering

More than $13 million has been frozen since 2013, and 17 investigations are ongoing. But critics lament that there has not been a single indictment, and are pushing for more aggressive prosecutions. Read more

Big US Banks To Push For Easing of Money Laundering Rules

America’s largest banks are to propose a complete overhaul of how financial institutions investigate and report potential criminal activity, arguing that rules imposed in the years after the Sept. 11, 2001 attacks and strengthened during the Obama administration are onerous and ineffective, sources said. Read more

Angolan Vice President Faces Corruption Charges In Portugal

LISBON, PORTUGAL – Portuguese prosecutors are bringing charges of corruption, money-laundering and forgery against Angolan Vice President Manuel Vicente as part of an investigation in Lisbon, Portugal’s attorney general’s office said Thursday. Read more

Former Rio De Janeiro Governor Charged On Money Laundering

A Brazilian federal court Tuesday accepted a formal charge for 184 accounts of money laundering against former Rio de Janeiro state governor Sergio Cabral. Read more

Mexico Arrests Businessman Wanted In US For Money Laundering

MONTERREY, Mexico – Authorities in the northern Mexico say they’ve arrested a businessman accused in the U.S. of helping a former governor launder money. Read more

PayPal Shares Slip On Subpoenas In Money-Laundering Probe

SEATTLE – PayPal Holdings’ anti-money laundering program received subpoenas for information from the US Department of Justice, the company said on Wednesday (Feb 8) in a filing. Read more

Rabobank Complicit In Mexican Drug Cartels’ Crimes

On Thursday criminal lawyer Goran Sluiter filed charges against Rabobank on Thursday accusing the bank’s executives of complicity in murder and other crimes committed by Mexican drug cartels. Read more