Topic: Money laundering

Nigeria: evidence of fraud in OPL 245 sale is “little short of overwhelming”

Featured in In-house

A barrister for the Nigerian government has told a London court that US lender JPMorgan failed to protect the country from fraud in connection with the $1.3 billion sale of oilfield OPL 245.

06 April 2022

Switzerland sets its sights on another lender in Petrobras case

Featured in In-house

Swiss prosecutors have raided the offices of Pictet over the private lender’s suspected links to a widespread corruption scandal involving Brazilian state oil company Petrobras.

31 March 2022

DOJ charges ex-comptroller general of Ecuador over Odebrecht bribes

The indictment says that money from the bribery scheme was funnelled into real estate, restaurants and a dry cleaner.

30 March 2022

FinCEN takes aim at poor AML compliance programmes

Featured in In-house

“I think the message here is clear: our enforcement office does not tolerate paper programmes,” said acting FinCEN director Himamauli Das.

28 March 2022

European prosecutors freeze assets in Lebanese money laundering probe

28 March 2022

Public inquiry: casino company withheld non-privileged report from Austrac

22 March 2022

NGO asks French prosecutors to investigate SBM Offshore for corruption

22 March 2022

FinCEN: Texas-based bank wilfully failed to implement AML controls over many years

Featured in In-house

USAA Federal Savings Bank failed to establish an adequate anti-money laundering programme despite repeated warnings about serious deficiencies, US enforcers said in announcing a $140 million penalty.

18 March 2022

UK greenlights Economic Crime Bill

The UK government has added a number of amendments to its new economic crime legislation, including awarding the government new powers to fast-track individuals and companies onto its sanctions list.

15 March 2022

Swedbank summoned by Estonian authorities in money laundering probe

14 March 2022

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