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The Building Societies Association said: "There is currently no regulation of these electronic currencies, which puts them into the highest risk category in relation to money laundering. "In addition, it is well known that such currencies are popular with criminals, who use them to launder the proceeds of crime.
Chinese businessman Li Yonghong (R) led the group of investors that bought AC Milan in April 2017. Photo: AFP. AFP. news@thelocal.it · @thelocalitaly. 13 January 2018. 17:39 CET+01:00. Italian prosecutors have denied media reports that they have opened an investigation into whether the deal to sell ...
Cleveland: A Canton man has pleaded guilty in federal court to failing to report more than $1 million in income over seven years, authorities said. Paul G.A. Kasapis, 48, pleaded guilty to one count of income tax evasion, one count of the willful failure to collect and pay over employment taxes and two ...
Saying the effect of Mark O. Wittenmyer's crimes was "devastating on our community," a federal judge on Friday sentenced the former Holland businessman to 78 months in prison and ordered him to pay more than $8 million in restitution to the victims of his fraud. Wittenmyer, 57, pleaded guilty in U.S. ...

More than 1,300 Trump condominiums selling for a total of $1.5 billion since the 1980s were bought by secretive shell companies in all-cash transactions, according to a new, exhaustive BuzzFeed report on President Donald Trump's real estate dealings. While such transactions can be made as part of tax ...
The U.S. Department of Justice has assembled a team of prosecutors to investigate allegations of drug trafficking and money laundering by the ... Project Cassandra revealed that the Lebanon-based Hezbollah was involved in shipping cocaine to the U.S. and laundering money by buying used cars in ...
A Baltimore woman pleaded guilty Wednesday to money laundering, U.S. Attorney Bill Powell said. Stephanie Edmonds, 31, pleaded guilty to one count of conspiracy to launder monetary instruments, according to a news release from Powell's office. Edmonds admitted to conspiring with others to conduct ...
"money muling is money laundering and criminals are using young people as mules in increasing numbers. We know that students are particularly vulnerable as they are often short of cash," warned Katy Worobec, Head of fraud and Financial crime prevention, Cyber and Data Sharing, at UK finance - the ...
An accountant, his wife and their financial adviser are due to stand trial for their alleged roles in laundering nearly $2.5m (£1.84m) from the government of Bermuda. Jeffrey Bevan, 50, from Cwmbran, his wife Samantha Bevan, their friend, Joel Ismail, and financial adviser Paul Charity deny all the charges ...
Despite the European Union's Fourth Anti-money laundering Directive (4MLD) only coming into force on 26 June 2017, it has been in the process of being amended by means of what will become 5MLD. This is part of the European Commission's action plan to strengthen the fight against terrorist financing ...
Former FourWinds logistics CEO Stan Bates walks Monday morning January 8, 2018 to the John H. Wood, Jr. Federal Courthouse. Bates pleaded guilty to nine criminal charges. He withdrew his motion to be tried separately from state Senator Carlos Uresti and Gary Cain. All three are accused of ...
The Enforcement Directorate today said it has attached assets worth Rs 472 crore, including one in Australia, in connection with its money laundering probe ... "Properties worth Rs 472 crore have been attached under the Prevention of money laundering Act (PMLA) in PACL ponzi scam operated by Nirmal ...
Singapore: An ongoing probe into the alleged involvement of banks in Singapore in a multibillion-dollar Russian money laundering scam has not found any major lapses so far, Deputy Prime Minister Tharman Shanmugaratnam said on Monday (Jan 8) in a written reply to Aljunied GRC MP Sylvia Lim.
Recent headlines have been teeming with money laundering stories, as journalists and hackers reveal ever more sophisticated money laundering schemes, and law enforcement officials issue high-profile arrest warrants and criminal indictments. Meanwhile, over the past half century, the definition of a ...
Asia has been behind North America and Europe on anti-money laundering (AML) precautions, for various reasons. AML is an international game, and the region lacks the powerful framework for international co-operation provided by the European Union. Political tensions over other issues make ...

"This is all about money laundering," Wolff quotes Bannon saying. "Their path to [expletive] Trump goes right through Paul Manafort, Don Jr. and Jared Kushner." For good measure he added, "It's as plain as a hair on your face." "It goes through Deutsche Bank and all the Kushner stuff," Bannon adds.
Irked over the repeated filing of charge sheets by the ED in connection with its money laundering probe against Bharti and her husband Shailesh ... The farmhouse, located at 26, Palam farms in south Delhi's Bijwasan area was attached provisionally under the Prevention of money laundering Act (PMLA).
Five online casino companies could lose their licence to operate, after industry regulator the Gambling Commission warned they were not doing enough to stop criminals using their websites to launder money. The commission has written to 17 online casino companies, flagging up the "serious nature" of its ...
It is all too true. And we have urged the committee to request and subpoena if necessary--as I think it would be--records from Deutsche Bank. They've refused to do so. There are credible allegations that the Russians may have laundered money through the Trump organizations or Trump properties, and ...
money laundering "is not investigated and prosecuted in a proactive and systematic fashion.... Consequently, the number of prosecutions and convictions for money laundering are very low. Significant shortcomings were found in the way in which money-laundering cases are investigated," said the report ...
Downtown Los Angeles developer Morad "Ben" Neman pleaded guilty to federal charges for conspiring to use his Fashion District textile company to launder hundreds of thousands of dollars in purported drug money, authorities said. Neman, 57, owner of Neman Real Estate, and his brother Hersel, 58, ...
(KUTV) - A Layton spa has closed its door, it's owner accused of money laundering and exploiting prostitution. An employee of a nearby business who didn't want to be identified said the Golden Day Spa Massage in Layton wasn't around in the shopping complex he works in for long. "It just barely opened up a few months ...
By BBN Staff: Yesterday BBN reported that the United States government sent a request to extradite a Belizean attorney, wanted for money laundering charges. 7News Belize, in a report yesterday, confirmed that Andrew Bennett, 46, who was a partner in the law firm of Glenn D Godfrey and Company, is the ...
TOMS RIVER - A Ukrainian passport, $180,000 in vacuum-sealed bundles of $10,000 each, $1 million stashed overseas and a handwritten checklist on inventing a new backstory were all parts of Carlo Amato's plan to flee to Russia, prosecutors argued Thursday. It was enough to convince Superior Court ...
Swartwood has pleaded guilty to one count of conspiracy to commit money laundering. No one else is named in the federals filings, but the DCS investigation found that "there is also potential for a federal investigation related to certain statements attributed to Dr. Rick Sorrells (the district superintendent), ...
Los Angeles - In a case stemming from an investigation into Fashion District businesses using "black market Peso Exchange" schemes to launder narcotics proceeds for international drug cartels, an import-export textile business and two executives have pleaded guilty to federal money laundering and ...
The FBI has asked officials in Cyprus for financial information about a defunct bank that was used by wealthy Russians with political connections and has been accused by the US government of money laundering, two sources have told the Guardian. The request for information about FBME Bank comes as ...
The Swiss financial market Supervisory Authority, known as Finma, said Thursday that it was installing a person inside the bank to monitor and review its money laundering policies, "given the inadequacy of the bank's controls and the serious breaches which have been identified in this case.".
Zoobia Shahnaz, 27, is charged with bank fraud, conspiracy to commit money laundering and three counts of money laundering, according to a statement from the Department of Justice. She pleaded not guilty on Thursday in U.S. District Court in Central Islip, N.Y.. Shahnaz is a U.S. citizen born in Pakistan.
It would be difficult to write about money laundering controls in Asia without mentioning 1MDB, a Malaysian sovereign wealth fund embroiled in an ongoing international money laundering scandal. Yet, when Risk.net contacted six of the banks penalised for the wrong-doing to talk about lessons learned, ...
The founder of a Chinese takeaway chain being investigated for money-laundering was more than £4million overdrawn when the firm entered administration. Bristol-based business Hotcha, which had a branch in Stroud's Merrywalk Shopping Centre, collapsed in October after restaurants were raided in a ...
INDIANAPOLIS (WISH/AP) - Four suspects have signed plea agreements in connection to an American Senior Communities money laundering scheme. The former CEO for American Senior Communities, James Burkhart, along with Daniel Benson, ASC's chief operating officer, Steven Ganote, a personal ...
OPBAS will help our supervisors tighten the UK's defences against dirty money whilst minimising unnecessary burdens on legitimate business. The government has created a new watchdog which will operate within the FCA to further tighten the UK's defences against money laundering. The Office for ...
TOMS RIVER - A Ukrainian passport, $180,000 in vacuum-sealed bundles of $10,000 each, $1 million stashed overseas and a handwritten checklist on inventing a new backstory were all parts of Carlo Amato's plan to flee to Russia, prosecutors argued Thursday. It was enough to convince Superior Court ...
Swartwood has pleaded guilty to one count of conspiracy to commit money laundering. No one else is named in the federals filings, but the DCS investigation found that "there is also potential for a federal investigation related to certain statements attributed to Dr. Rick Sorrells (the district superintendent), ...
The owners of downtown textile company Pacific Eurotex Corp. plead guilty to federal money laundering and tax charges Friday. ... to structure cash transactions and Alma Villalobos, the accountant for Pacific Eurotex, faces several charges including conspiracy to launder money, the ICE press release said.
It would be difficult to write about money laundering controls in Asia without mentioning 1MDB, a Malaysian sovereign wealth fund embroiled in an ongoing international money laundering scandal. Yet, when Risk.net contacted six of the banks penalised for the wrong-doing to talk about lessons learned, ...
Zoobia Shahnaz, 27, is charged with bank fraud, conspiracy to commit money laundering and three counts of money laundering, according to a statement from the Department of Justice. She pleaded not guilty on Thursday in U.S. District Court in Central Islip, N.Y.. Shahnaz is a U.S. citizen born in Pakistan.
4 on charges of bankruptcy fraud, concealment of bankruptcy assets, fraudulent transfer and concealment, and money laundering, according to court records. She was arrested Wednesday. Van Buskirk -- who runs Alpine Spine Center, P.C., at 4745 Arapahoe Ave., in Boulder -- appeared in custody at an ...
Vatican CITY--The Vatican is heading into a regular review of its efforts to fight money laundering, amid a mysterious firing at its bank and ongoing questions about Pope Francis's ability to reform the Holy See's finances. The Council of Europe's Moneyval committee is expected to issue a progress report ...
Joyce faces more than 100 charges ranging from racketeering, extortion, money laundering and conspiracy to defraud the IRS to honest services mail fraud, a charge Federal Prosecutors have applied in corruption cases where public officials are accused of using their status to commit fraud. Joyce, 55, was ...
European evaluators have praised the Vatican's financial watchdogs for efficiently flagging suspicious transactions but have once again faulted Vatican prosecutors for failing to bring any money laundering cases to trial. The Council of Europe's Moneyval evaluators issued a periodic report Friday on the ...
It will also order operational improvements to be made if it catches LAX compliance that could invite money laundering. The Financial Action Task Force, an intergovernmental body that combats money laundering, plans to examine Japan's financial sector in 2019, the year before the Tokyo Olympics.
The provincial government has announced new rules designed to crack down on the laundering of organized crime money through B.C. casinos. Ted Chernecki reports. X. - A A +. Listen. A Vancouver lawyer and anti-money laundering expert says new measures recommended to stop money laundering in ...
She told Westminster Magistrates Court the government's claim is "nonsense" and said the prosecution had been subjected to improper political interference. The 61-year-old Mallya is fighting extradition to India on money laundering charges related to the failure of his airline and other businesses.
(Monrovia, December 4, 2017): A naturalized Liberian of Nigerian origin, Alexander Success Ojogwu, has been apprehended in Monrovia for smuggling, money laundering and tax evasion by the Liberia National police in collaboration with Professional Ethics Division (PED) of the Liberia Revenue ...
The recent indictment against Paul J. Manafort, Jr. and Richard W. Gates, III has created a public discourse about the crime of money laundering. The allegation is that they received millions of dollars in payments from the Ukraine and its political parties and leaders to perform governmental lobbying ...
The U.K. is aiming to boost regulation of bitcoin and other cryptocurrencies by giving the European Union (EU) expanded anti-money laundering rules that would require traders to say who they are and report any activity that appears to be suspicious. According to news from Reuters, citing Stephen Barclay, ...


 

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