Money Laundering

Denmark’s financial regulator has reported a local unit of Nordea Bank to police over suspected breaches of anti-money-laundering rules and asked authorities to open a criminal investigation, the authority disclosed Monday. 

Thousands of seemingly legitimate UK high street shops are being used by organized-crime groups to launder illicit cash, sell illegal goods, and feed wider criminal networks, with at least £47 billion a year drained from the British economy by the schemes.

Canada is moving to create a powerful new law enforcement agency dedicated to investigating and prosecuting financial crime, a step that places Ottawa on a sharply different course from Washington, where the Trump administration has scaled back federal fraud enforcement.

A federal jury on Friday convicted former Republican U.S. Rep. David Rivera of Florida and political consultant Esther Nuhfer of secretly working as foreign agents for Venezuela’s government in 2017 and 2018, capping a five-week trial that featured testimony from Secretary of State Marco Rubio.

The Financial Action Task Force (FATF) placed Austria in enhanced follow-up after finding the country’s framework for investigating and prosecuting money laundering remains weak more than a decade after similar concerns were first raised.

U.S. prosecutors charged the governor of Mexico’s Sinaloa state, the mayor of Culiacan, a sitting Mexican senator, and seven others with running a drug-trafficking conspiracy with the Sinaloa Cartel.

The United States Mint has for years purchased gold originating from illegal mines controlled by a Colombian drug cartel, violating a federal law requiring that its coins be made from newly mined American gold.

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