Spain’s Top Economic-Crimes Cop and Royal Scion Accused of Running Drug Ring
A Spanish police corruption investigation has widened into a narcotics and money-laundering scandal that links a senior economic-crimes investigator and a son of the Duke of Seville to an international drug-trafficking ring, The Times reported.
EPPO Launches Investigation into Customs Fraud, Corruption at the Port of Antwerp
The European Public Prosecutor’s Office (EPPO) has launched an investigation into suspected customs fraud, corruption and document forgery linked to operations in the Port of Antwerp, alleging a scheme that caused an estimated €11.3 million in lost EU import duties.
Thai Military Uncovers Trove of Evidence on Cambodian Scam Compound
The Thai military said it has recovered extensive evidence of transnational online fraud from a Cambodian “scam compound” seized during border clashes last year, including target lists, scam scripts, and equipment used to disguise operations, Reuters said.
How Poor AML Controls Can Turn Even a Teller into a Prolific Money Launderer
A recent guilty plea by a former TD Bank teller who helped move millions in suspicious funds through the U.S. banking system is an illustration of how easily things can go wrong when frontline staff face few internal anti-money laundering (AML) controls, according to a new report by the American Banker.
Secret Audio Recording Catches Launderers Discussing How to Hide PDVSA Loot
Secret audio recorded in Madrid in 2017 captures “shadow bankers” laying out a plan to launder millions of dollars tied to corruption at Venezuela’s state oil company, including a proposed bond swap designed to evade anti-money laundering controls
Deutsche Bank Raid Focused on Same Years as Earlier BVI Probe
German authorities raided Deutsche Bank’s headquarters in Frankfurt and a separate office in Berlin as part of a money-laundering investigation linked to Russian billionaire Roman Abramovich.
Brother of U.S. Rep. Henry Cuellar Hit with Federal Fraud Charges
A Texas sheriff who is the brother of U.S. Representative Henry Cuellar is facing federal fraud charges following allegations that he ran a fraudulent business using public funds and staff during the Covid-19 pandemic, The Texas Tribune reported.
Brazil Justice Freezes Nelson Tanure’s Assets in Banco Master Investigation
Brazil’s Supreme Court has ordered the assets of veteran entrepreneur Nelson Tanure to be frozen as part of an investigation into failed lender Banco Master SA, according to a January 6th decision seen by Bloomberg.
Ukraine Charges Former PM Tymoshenko with Soliciting Bribes
Ukraine’s anti-corruption authorities have charged former prime minister Yulia Tymoshenko with allegedly offering bribes to lawmakers from other parties in exchange for parliamentary votes, according to OCCRP.
U.S. Justice Department Closes Swedbank Case without Enforcement
The U.S. Department of Justice has closed its anti-money laundering (AML) investigation into Swedbank AG without bringing an enforcement action, according to the Swiss lender.
