Real Estate
5th August 2019
The UK’s HM Treasury recently (and belatedly) published its Anti-Money Laundering and Counterterrorist Financing Supervision Report for the year ended 31 March 2018. With publication of the findings coming some fifteen months after the end of the review period, regulators and supervisors have no excuses for failing to address the… Read More
2nd August 2019
The former chairman of a state lender known as “Beijing’s super bank” is being investigated for “a serious disciplinary violation”, according to a statement from the Communist Party’s enforcement agency on Wednesday. Hu Huaibang, who was chairman of China Development Bank (CDB) for more than five years until his retirement… Read More
2nd August 2019
The Enforcement Directorate on Thursday registered a case against senior Samajwadi Party leader Azam Khan on allegations of money laundering. The case has been registered against him in connection with multiple alleged land-grab cases that have been registered against him in Uttar Pradesh. As per officials, the ED has… Read More
1st August 2019
A Northern Irish woman accused of having links to paramilitary criminals has been ordered to explain how she bought six properties worth £3.2m. The National Crime Agency said the woman is believed to be associated with criminals involved in paramilitary activity as well as cigarette smuggling gangs and is at… Read More
1st August 2019
The signs were there. Jahangir Hajiyev, chairman of the biggest bank in Azerbaijan, and his wife, Zamira, appeared to be living on dirty money. Between 2003 and 2015, the couple spent a fortune in the U.K. They dished out 11.5 million pounds ($14.3 million) for a townhouse in the ritzy… Read More
31st July 2019
German Finance Minister Olaf Scholz said the draft bill will bring Germany in line with “the highest international standards in the fight against money laundering.” The law is expected to be approved by Chancellor Angela Merkel’s Cabinet on Wednesday. Among other changes, it will give the government’s Financial Intelligence Unit (FIU) greater powers and… Read More
29th July 2019
Chadwick Johnson was excited, at first, to hear that big money from Russia was on its way to save his job in South Carolina. Months earlier, the seasoned live entertainment manager had upended his life, moving from Florida to work at the new Hard Rock Park in Myrtle Beach. The… Read More
29th July 2019
Zimbabwean Tourism Minister Prisca Mupfumira was charged in court on Friday with corruption involving $95 million from the state pension fund after questioning by the newly formed Zimbabwe Anti-Corruption Commission (ZACC). Mupfumira is the first senior government official to be interrogated by the commission, which was appointed by President Emmerson… Read More
24th July 2019
A JPMorgan Chase & Co. unit violated India’s foreign investment rules and helped property developer Amrapali Group divert funds from realty projects, the nation’s Supreme Court said in a ruling and ordered an investigation. The court on Tuesday… Read More
22nd July 2019
Abdulla Yameen, the former president of the Maldives, pled not guilty to charges of money laundering on Sunday, in the first hearing of a criminal court trial into the matter. Yameen, who drew the Indian Ocean island country closer to China during his tenure, is accused of receiving $1 million… Read More