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REUTERS/Ints Kalnins Danske Bank, Denmark’s biggest lender, has been rocked by a money-laundering scandal which may have involved $ 235 billion. If the bank is found guilty of any wrongdoing it will likely face a significant fine. One estimate suggests the fine could be as high as 53 billion Danish krone ($ 8.3 billion), while others believe […]
REUTERS/Kai Pfaffenbach Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth. The bank was previously fined nearly $ 700 million for allowing money laundering. Sample tests of investment bank customer files from several countries, including Russia, revealed gaps in the bank’s screening process. Deutsche Bank is […]
Shell companies, pseudonyms, shady lawyers, and secrecy: The president’s and his lawyer’s business practices match the classic pattern of suspicious activity. https://media.wired.com/photos/5af5dcc89c9c3672736890e4/master/pass/TrumpMoneyLaundering-854631544.jpg
Jeremy Hunt will be referred to parliament’s standards watchdog for a potential breach of anti-money laundering laws, after he failed to disclose a 50 percent stake in a firm that bought luxury apartments. The health secretary set up the company with wife Lucia Guo in September 2017, purchasing seven properties in Southampton’s luxurious Ocean Village […]
Enlarge (credit: Fairfax Media via Getty Images) Carl Ferrer, the co-founder of Backpage, the notorious and now-shuttered site that once hosted a vast quantity of prostitution-related ads, has pleaded guilty to conspiracy and money laundering charges. The CEO, in a federal plea agreement unsealed in federal court in Arizona on Thursday, admitted that during the […]
Enlarge / Backpage.com CEO Carl Ferrer, left, former owner James Larkin, former owner Michael Lacey, and COO Andrew Padilla sit in Sacramento Superior Court on Wednesday, Oct. 12, 2016. (credit: Hector Amezcua/Sacramento Bee/TNS via Getty Images) Federal prosecutors in Arizona unsealed a 61-page, 93-count criminal indictment of seven men accused of running an online prostitution […]
Seven executives of the popular classified advertising website Backpage.com, including its co-founders, have been charged in a 93-count federal indictment, according to a press release from the US Department of Justice. On Friday, the site was seized by federal authorities, per a notice posted on the website, but the exact reasons were unknown at the […]
Published time: 17 Nov, 2017 09:50 The Swiss subsidiary of US bank JPMorgan Chase has been sanctioned by Switzerland’s financial regulator FINMA for money laundering and “seriously violating supervision laws,” according to the local weekly Handelszeitung. Read more The sanctions are reportedly related to breaches of due diligence in connection with money laundering standards. That […]
GUEST: An Israeli District Court recently ruled that Israeli banks are not obligated to provide financial services to companies whose primary business is trading in cryptocurrencies, such as Bitcoin or Ethereum. The Court reasoned that banks should not have to assume the risks associated with providing a financial platform to these digital currency businesses when […]
Right now Tom Cruise is out of commission with a broken ankle, halting the production of Mission: Impossible 6 for anywhere from six weeks to three months. But if you still need your fix of Cruise in the meantime this fall will deliver a big dose of the international superstar in the true story of […]
