Topic: Money laundering

Australian businessman launches AML case against Facebook

03 February 2022

DOJ secures another guilty plea in Ecuadorian pension bribery scheme

A former risk director at Ecuador’s police pension fund admitted to laundering bribes from an investment adviser.

02 February 2022

Panama charges 32 over Panama Papers scandal

01 February 2022

NCA seizes funds tied to Azerbaijan Laundromat

A London court has ordered the seizure of £5.6 million from the family of an Azeri politician after finding that the money is likely tied to the so-called “Azerbaijan Laundromat”.

31 January 2022

Cryptocurrency used to launder $8.6 billion in 2021

27 January 2022

UK, France urged to tighten up corporate liability for money laundering

The Council of Europe has said 14 countries including the UK are failing to comply with international standards for holding companies liable for money laundering.

21 January 2022

Swedbank emails reveal internal deliberations over US money-laundering probe

Recently-released documents appear to show the bank’s chief compliance officer seeking to limit disclosure detailing the bank’s extensive links to clients of the controversial Panama law firm Mossack Fonseca to New York’s financial regulator.

19 January 2022

IBA hits out at UN, OECD and FATF over privilege comments

The International Bar Association has published a statement defending the principle of legal professional privilege from “international attack”.

17 January 2022

Germany files first criminal charges in Wirecard case

German prosecutors have accused an investment fund manager of helping to launder more than €22 million in funds embezzled from collapsed payments company Wirecard.

14 January 2022

MLARS prosecutor joins DOJ’s foreign bribery unit

A prosecutor in the Money Laundering and Asset Recovery Section with prior experience working on foreign corruption cases has joined the DOJ’s FCPA unit.

07 January 2022

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