Germany

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Enduring Italians, Ambitious Albanians – How Cocaine is Changing Europe’s Criminal Landscape

By Chris Dalby, InSight Crime, 21 September 2021 InSight Crime — Ever greater quantities of cocaine are making their way across the Atlantic and are being sold at ever greater prices across Europe. A new Europol report reveals how this has changed the way organized crime operates… Read More

German lawmakers to grill Scholz over anti-money laundering probe days before election

German lawmakers will question Finance Minister Olaf Scholz over suspected failings at the government anti-money laundering agency next Monday, only days before a federal election which his party is projected to win. Scholz will answer questions at a special meeting of the lower house of parliament’s finance committee on Sept. Read More

German finance ministry raided in money laundering probe

German prosecutors raided the finance and justice ministries on Thursday as part of an investigation into the government’s anti-money laundering agency, putting the spotlight on Germany’s failings in tackling financial crime. The probe into the Financial Intelligence Unit, an agency of the finance ministry under Social Democrat chancellor candidate Olaf… Read More
6th September 2021
German authorities have imposed a $178,000 fine on state-owned KfW-Ipex-Bank for facilitating loans to an Angolan brewery linked to Isabel dos Santos, the eldest daughter of the country’s former president. Frankfurt prosecutors said that the subsidiary of Kreditanstalt für Wiederaufbau (KfW) violated German anti-money laundering laws, Süddeutsche Zeitung reported. Read More
3rd September 2021
The United States has told financial institutions that they may process personal remittances here to Afghanistan, a Treasury Department spokesperson said on Thursday, a move taken in tandem with steps to ensure the continued flow of humanitarian aid. The decision to allow money transfers could provide some relief for… Read More
3rd September 2021
German prosecutors said Thursday they have charged six men over a spectacular heist in 2019 when more than a dozen diamond-encrusted artefacts worth over 100 million euros were snatched from a state museum. The suspects, all German nationals aged between 22 and 27 years old, are accused of aggravated gang… Read More
1st September 2021
Ukraine’s leader is travelling to the United States this week in hopes of bolstering security ties with Washington and persuading the administration to ramp up sanctions against a new Russian natural gas pipeline that bypasses his country. President Volodymyr Zelenskyy has called Washington’s failure to block the construction of the… Read More
1st September 2021
Deutsche Bank has cut correspondent banking ties with Standard Bank Group Ltd.’s Zimbabwean unit, dealing a body-blow to one of the few remaining international banking providers operational in the southern African nation. Stanbic Bank Zimbabwe Ltd., as the local unit is known, is the latest lender to… Read More
31st August 2021
Switzerland’s Federal Criminal Court has sentenced a German woman, who was at the helm of a trading company, to 45 months behind bars in a hefty fraud case. The 71-year-old woman, a former director of the Lucerne-based trading company Fera, was accused of obtaining loans from banks by producing fictitious… Read More
9th August 2021
The ‘Dubai list’ of offshore holdings belonging to Maltese nationals contains no bank account information and is limited to property and high-value assets. Sources said information on real estate, yachts and other assets in the Gulf emirate, owned by some 20 Maltese nationals, were being reviewed by tax officials… Read More
6th August 2021
Deutsche Bank AG, Standard Chartered Plc and Danske Bank A/S were sued by the families of Americans killed and wounded during the war in Afghanistan who claim they “knowingly facilitated transfers of millions” of dollars that provided aid to terrorists in the region. The banks and two money… Read More
6th August 2021
By Cecilia Anesi, Margherita Bettoni and Giulio Rubino, OCCRP, 5 August 2021 OCCRP — In his younger years, the Italian drug trafficker Giuseppe Romeo, known as “Maluferru,” was fascinated with Mexican narcos. In particular, police sources familiar with the trafficker say, he admired Los Zetas, the hyper-violent cartel… Read More
5th August 2021
A New Zealand banker wanted in Germany for his alleged part in defrauding taxpayers of millions maintains he did no more than exploit a loophole. Paul Robert Mora, 54, who is living in Christchurch, is wanted in Germany to face charges over his allegedly key role in ripping off… Read More