Portugal issues Legal Regime on the Beneficial Ownership Central Register
The Ministerial Order 233/2018, which regulates the Legal Regime on the Beneficial Ownership Central Register, was issued in Portugal. On August 21, was issued the Ministerial Order 233/2018, which...
View ArticleFormer Malaysian prime minister arrested by anti-corruption agency
According to anti-corruption agency’s statemenent, Malaysia’s former prime minister Najib Razak faces further charges of abuse of power over the multimillion dollar looting of a state investment fund...
View ArticleUK frustrated by Cayman silence on Money Laundering
The National Crime Agency are frustrated by a lack of co-operation by the authorities in the Cayman Islands. The law enforcement agency said that it was “asking for information we don’t get”. It says...
View ArticleDeutsche Bank headquarters raided over money laundering
The Frankfurt headquarters of Deutsche Bank, Germany’s biggest bank, have been raided by prosecutors in a money laundering investigation. According to Germany’s public prosecutor, two staff members...
View ArticleHuawei accused of 23 Crimes including Money Laundering
According to the FBI, the world’s largest telecommunications equipment manufacturer Huawei paid employees bonuses for stolen information. The US Justice Department has charged China’s Huawei with 23...
View ArticleUBS fined for money laundering
Swiss bank UBS has been fined EUR 3.7 billion in a French court over money laundering offences. The court decision was due on whether the Swiss bank helped French clients evade taxes between 2004 and...
View ArticleVenezuelans seeking refuge in crypto-currencies
Since Bitcoin first came on the scene 10 years ago, crypto-currencies have faced a lot of criticism. Some say that Bitcoin and other crypto-currencies are digital gold, while others accuse them of...
View ArticleSwedbank raided over Danske Bank scandal
Last week, Swedbank’s headquarters were raided by Sweden’s Economy Crime Authority. The government of Sweden is investigating the bank trying to find out whether Swedbank broke insider information laws...
View ArticleNumber of middle-aged money mules rising
Middle-aged people are more and more often being attracted to becoming “money mules” and their bank accounts used for money laundering purposes. More than 40,000 cases of money mule activity were...
View ArticleLatvia fines Rigensis Bank for lax anti-money laundering controls
Latvia’s financial watchdog, the Financial and Capital Market Commission, has fined Rigensis Bank for lax anti-money laundering controls. The Baltic country’s 11th biggest bank by assets was fined EUR...
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