AML

The Bank of Italy has flagged money-laundering risks at DeA Capital Real Estate SGR and is demanding a remedial plan, a new business strategy, and a sweeping overhaul of the asset management firm’s leadership.

A Swiss federal court abruptly dismissed money laundering and bribery charges against the imprisoned daughter of a former Uzbek president on Tuesday after Uzbek authorities confirmed she would not be released to attend the proceedings before the statute of limitations runs out.

A Spanish court has declared former Catalan leader Jordi Pujol, 95, unfit to stand trial in a long-running corruption case alleging his family concealed as much as €290 million in illicitly obtained wealth in Andorra

A network of shell companies tied to sanctioned Russian oligarch Oleg Deripaska helped finance an Albanian conservative party’s hiring of a former Donald Trump campaign operative ahead of Albania’s 2017 general election.

The European Union’s anti-fraud office has opened a formal investigation into Lord Peter Mandelson, the bloc’s former trade commissioner and recently dismissed British ambassador to Washington, over alleged misconduct during his four years in Brussels. 

The Trump administration’s decision to reclassify marijuana as a less dangerous drug marks a milestone for the cannabis industry, but experts and executives say it falls well short of ending the sector’s longstanding exile from the mainstream financial system.

The Trump administration has cut more than 4,000 employees from some of the nation’s top law-enforcement agencies even as it has pledged to get tough on crime, according to U.S. Justice Department records.

U.S. officials on Wednesday struck at Southeast Asian scam compounds defrauding Americans and a global fentanyl supply chain, announcing criminal charges, sanctions, and the seizure of hundreds of fraudulent websites in a pair of coordinated enforcement actions.

Italy has passed a sweeping review of its anti-money-laundering regime but must urgently fix a suspended corporate ownership registry and tighten oversight of non-financial businesses, the Financial Action Task Force (FATF) said in a report published on Thursday.

The founder of a Newnan, Georgia-based lender that marketed faith-based investments to conservative audiences was charged with felony wire fraud on Thursday, escalating a civil fraud case into a criminal prosecution nearly a year after regulators shuttered what they described as a $140 million Ponzi scheme.