12/08/2021
Credit Suisse Execs Quizzed as Rogue-Banker Case Quickens
Two of the six executives already met with the Geneva prosecutor last month, according to people familiar with the matter.
Money Laundering and AML
12/03/2021
Tracking Hackers: Court Considers Crypto Fraud
In addition to seeking the injunctions against the fraudsters, the claimants applied for disclosure orders, under the Bankers Trust and Norwich Pharmacal principles, against the Binance entities to discover the identity of the fraudsters.
11/30/2021
Citi, Commerzbank Named in Congo-China Corruption Scandal
The deal was meant to help rebuild critical infrastructure in the DRC, improving the lives of everyday citizens.
11/25/2021
Isle of Man fines corporate and trust services firm
The Isle of Man Financial Services Authority (the “Authority”) makes this public statement in accordance with powers conferred on it under section 13 of the Financial Services Act 2008 (the “Act”).
11/21/2021
Money laundering: US applies to seize US$1 million from Cayman company
The Turks and Caicos police determined that since 2006, $100 million had been transferred by Company-2 and Maydaisy to the foreign exchange dealer, Company-1.
11/18/2021
Burges Salmon contributes to Global Trade and Customs Journal
In a special issue of the Kluwer Law Global Trade and Customs Journal, our Business Crime lawyers consider the UK’s approach to bribery and corruption
11/18/2021
Central Bank Of Ireland Calls For Fund Mancos To Enhance Their ALM Frameworks
The Central Bank's findings are based on supervisory engagement it has had with Firms since 2019. A
11/17/2021
A Guide to Anti-Money Laundering for Digital Banks
Increased time spent living and working at home during the pandemic spurred many late adopters to embrace digital banking practically overnight.
11/17/2021
United Arab Emirates a go-to offshore haven for Africa’s political and business elite, leaked records show
The UAE’s record on illicit finance raises concerns for its relationship with the world’s poorest continent, experts say.
11/17/2021
Pandora Papers reveal Emirati royal families’ role in secret money flows
From skyscrapers rising in the desert to free-trade zones hawking gold and diamonds, the UAE is open for business. Sometimes that business involves shadowy companies and international crimes.
11/12/2021
Swiss Banker's Ex-Wife Snagged in Data Breach
Ceregato paid nearly 56,000 Swiss francs ($61,000) in fines and court fees as a result of the decision, carried out by Zurich's prosecutor.
11/12/2021
FCA fines London broker £600k over ‘suspicious’ offshore trades
The FCA found that Sunrise had deficient systems and controls to identify and mitigate the risk of facilitating fraudulent trading and money laundering in relation to business introduced by the Solo Group, between 17 February 2015 and 4 November 2015.
11/08/2021
OFAC Reaffirms Focus on Virtual Currency With Updated Sanctions Law Guidance
This update highlights the government’s continued movement toward subjecting the virtual currency industry to the same requirements, scrutiny and consequences in cases of noncompliance as applicable to traditional financial institutions.
10/30/2021
10 international fraudsters charged in the US
The Defendants Operated Boiler Rooms in Multiple Countries to Defraud Victims Around the World of Millions of Dollars by Impersonating Prominent Investment Firms and Individuals
10/28/2021
Criminal network dismantled in Lithuania; the UK and Ireland
The investigation revealed street dealers operating in the UK and Ireland, who were nearly all Lithuanians.
10/27/2021
Swiss Court Paves Way for Return of Uzbeki Millions
Karimova, who enjoyed diplomat status in Switzerland for a time but fell out of favor with her family in 2013, is currently imprisoned in Uzbekistan and seldom heard from publicly.
10/21/2021
Danske Bank has deficiencies in its anti-money laundering work
The investigation identified deficiencies in Danske Bank's work to combat money laundering and terrorist financing.
10/21/2021
Anti-Money Laundering Transaction Monitoring in the Markets Sector
An industry perspective
10/21/2021
How a Zimbabwe Tycoon Made a Fortune from a Trafigura Partnership and Spiralling National Debt
Under Mnangagwa’s reign, the businessman came to dominate Zimbabwe’s fuel, platinum, and gold sectors.
10/21/2021
Deutsche Bank whistleblower paid record $267m for evidence
“Manipulation of financial benchmarks enriches manipulators at the expense of market participants,” Mr Kovel