Credit Suisse was given until the end of next year to strengthen its internal processes to combat money laundering as Switzerland’s financial regulator concluded a pair of enforcement proceedings against […]
Switzerland’s highest court has allowed tax authorities to turn over bank account details of two Indian citizens who had fought the release on the grounds that India’s request for assistance […]
Danske, Denmark’s biggest bank, had been in the crosshairs of investigators since Danish daily Berlingske last year claimed that it had been behind the laundering of around $3.9 billion of […]
New research released today in the CipherTrace 2018 Q2 Cryptocurrency Anti-Money Laundering Report finds that three times more cryptocurrency was stolen from exchanges in the first half of 2018 than […]
The US Justice Department has reportedly opened a criminal probe into potential market manipulation of bitcoin prices, according to a Bloomberg report. Federal prosecutors, Bloomberg adds, are working with the […]
With the advent of online platforms came fraudulent schemes used to scam people out of their money, hack accounts and defraud internet users. The proliferation of peer-to-peer websites, online banking […]
Federal prosecutors on Tuesday charged a Spanish-Swiss banker with laundering $21.7 million in graft money for Brazilian clients involved in the country’s largest corruption scandal, including jailed former lower house speaker Eduardo Cunha, Reuters reported.
The former relationship manager of Zurich-based BSI bank, was arrested at Sao Paulo’s Guarulhos airport as he got off a flight from Switzerland on Nov. 27 and is being held in Curitiba, the centre of the so-called Car Wash investigation.
Britain said on Monday it would create a new national economic crime center to crack down harder on money laundering by drug dealers and people traffickers who are expected to net 90 billion pounds ($120.3 billion) this year, home secretary Amber Rudd said. Rudd announced plans for a national economic crime centre that will sit within the National Crime Agency (NCA) and will be backed by greater intelligence and analytical capabilities.
