Law Enforcement

The U.S. Justice Department is investigating whether Iranian oil tycoon Hossein Shamkhani violated sanctions while using a global network of banks, according to Bloomberg.

Australian authorities charged a former National Australia Bank employee they allege acted as the “gatekeeper of funds” for a Sydney crime syndicate accused of defrauding “all financial institutions,” according to a Reuters report.

British authorities have seized more than £12 million ($15.6 million) worth of fossilized dinosaur bones as part of a court-approved settlement with Chinese national Su Binghai, a suspect in a sprawling money-laundering scandal that has reverberated from Singapore to London, Bloomberg said. 

Portuguese authorities are examining more than 20 individuals linked to a Novo Banco SA real-estate transaction after a fresh round of raids on the bank, according to multiple news reports. 

Colombia’s Prosecutor General’s Office accused the National Liberation Army (ELN) of running a two-decade money-laundering network that washed more than $225 million (COP 885 billion) in illicit proceeds through a web of shell and front companies across the country, according to a statement cited by Colombia Reports.

A former Citibank relationship manager has pleaded guilty and been sentenced to two years in jail for helping a Chinese criminal network launder money in Singapore, the Financial Times reported. 

French investigators are treating Sunday’s smash-and-grab at the Louvre as a potential money-laundering operation, after four masked thieves stormed the museum’s Galerie d’Apollon and escaped with eight pieces of royal jewelry. 

Federal prosecutors on Thursday unsealed an indictment charging Josh Wander, co-founder of collapsed investment firm 777 Partners, with wire fraud, securities fraud and conspiracy, alleging he fabricated financial records and misled lenders and investors in a scheme worth up to $500 million. The 17-page filing in Manhattan federal court says Wander used bogus documents and […]

A Peruvian judge declined a request to restrict former President Dina Boluarte from leaving the country while prosecutors investigate her for corruption and money laundering, Reuters reported. 

Malaysia’s anti-graft agency will freeze approximately USD $115.32 million held in Swiss bank accounts linked to Prince Turki Abdullah Abdul Al-Saud, a co-founder of PetroSaudi International and a figure tied to the long-running 1MDB scandal.