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Money laundering News

Op-Ed: FinCEN — Global big money laundering exposed by Buzzfeed

New York - Money laundering is the life blood of crime, terrorism, human trafficking, scams, rogue states, and more. A massive leak of documents to Buzzfeed exposed a huge black hole of big money. It’s a nasty picture of financial realities indeed.

Walmart pays out $282 million in foreign corruption charges

Walmart has paid out $282 million to settle several allegations of overseas corruption. These include channeling more than $500,000 to an intermediary in Brazil in relation to construction projects.

Scotland Yard investigates alleged Heathrow Airport security scam

The Metropolitan Police Department has launched an investigation into a scam involving security passes at Heathrow Airport. Two women have been arrested, but police are remaining mum as to the details of the arrests.

Op-Ed: Ethics vs corporate crime — Who's winning? Not you

Sydney - Corporate greed, lack of ethics and crime are destroying societies and economies. The Great Recession totally trashed the American middle class, formerly the most prosperous social group in history. There’s now a call for “ethics”...?

Over 100 supplement companies indicted over an array of charges

Led by the Department of Justice (DOJ), seven federal agencies on Tuesday announced at a press conference that joint civil and criminal actions against more than 100 makers and marketers of potentially dangerous dietary supplements have been unsealed.

Op-Ed: New study exposes a different kind of journalism war

Sydney - Journalism comes with risks new and old. The new risks are increasing intersections with dangers which didn’t exist in the past. Surveillance, hostage taking, murder, and criminal gangs are all part of the new, nasty, mix.

Italy: Over 160 arrests as police crack down on 'Ndrangheta mafia

Bologna - Law enforcement authorities in Italy have made over 160 arrests after warrants were issued for the apprehension of individuals allegedly associated with the 'Ndrangheta, organized crime syndicate in southern Italy.

Spanish princess summoned for fraud and money laundering

A judge in Spain has charged Princess Infanta Cristina, the youngest daughter of King Juan Carlos, with money laundering and tax fraud. She has also been summoned to appear in court on March 8.

New York art dealer admits to multi-million dollar art fraud

New York - A New York art dealer has pleaded guilty to taking part in a 15-year scam which fooled art enthusiasts into buying more than $80 million worth of fake artwork imitating artists such as Jackson Pollock and Mark Rothko.

Torremolinos leather goods shop in international drug raid

Torremolinos - Not content in just dealing in leather goods, the owner of this store laundered some 13 million euros in drug money, according to officials from Spain's Guardia Civil.

EU launches new anti-drug trafficking money-laundering project

The European Union has launched a new project aimed at clamping down on drug trafficking and money laundering in West Africa. It will see to the the EU supporting law enforcement agencies in countries such as Ghana, Nigeria, Cape Verde and Senegal.

Op-Ed: HSBC criminals escape punishment in money laundering settlement

New York - While HSBC was fined $1.9 billion for money laundering activities as well as illegal transactions involving several sanctioned countries, not a single individual at the bank faced criminal charges.

Op-Ed: Businessman with ties to Conservatives arrested in Toronto

Toronto - Nathan Jacobson a Canadian businessman with ties to prominent Conservatives has been arrested in Toronto. U.S. authorities, were upset, that no Canadian authorities had responded to an arrest warrant they had issued on July 30.

France’s Minister of Education favours cannabis decriminalisation

On Sunday, France’s Socialist Minister of Education, Vincent Peillon, spoke in favour of the decriminalization of cannabis, principally as a means of combating drug trafficking in French cities.

France: Paris Deputy Mayor arrested for money laundering

Paris - French police have cracked a huge money laundering network linked to drug dealing. Seventeen people have been indicted and will appear in court later. One of the accused is Florence Lamblin, a Paris Deputy Mayor and leading member of France's Green Party.

Op-Ed: Offshore tax havens for wealthy, income tax for the rest?

Average citizens of the United States have been dutifully paying their taxes, while wealthier Americans, have followed the lead of multinational mega-corporations, seeking tax havens to shelter their profits.

Standard Chartered strikes deal with regulator

New York - Standard Chartered bank has struck a deal with New York State Department of Financial Services (DFS). The bank, accused of money laundering, will pay a penalty of $340 million.

HSBC's money laundering: Pressure mounts on Lord Green

London - British Minister of Trade and Investment, Lord Green, is under increasing pressure to provide a detailed account of his involvement with HSBC's money laundering activities.

British minister's position under threat

London - The position of Lord Green as Minister for Trade and Investment is looking increasingly untenable. Members of the Opposition are calling for him to answer "serious questions" in the light of the latest banking scandal.

Op-Ed: Banking inquiry to restore confidence?

British leader of the Opposition Ed Miliband has called for a full judicial inquiry into banking standards and practices. He claims that it is necessary in order to restore public confidence in the banking industry. But would it?

Op-Ed: Money Laundering in A Changed World

Banks have been effectively transformed into law enforcement agencies, responsible to verify both the identities of their (foreign) clients and the source and origin of their funds.

Soccer: Birmingham City president charged for money laundering

Hong Kong - If relegation from the Premiership wasn’t hard enough to swallow, not to mention the resignation of former manager Alex McLeish, Carson Yeung, president of Birmingham City, now faces five courts of money laundering involving £59 million ($95 million).

Op-Ed: Poker players fighting back against the FBI Special

An article concerning the banning of on-line poker in the United States, and the seizure of domain names and bank accounts by the US authorities.

Holocaust survivors accuse Vatican Bank of money laundering

After last month's seizure of $32 million (US) from Vatican Bank, a group of Holocaust survivors from the former Yugoslavia has asked the European Commission to look into claims that the Vatican Bank laundered valuables stolen by Nazi allies.

New VIP home in Paris for former Panamanian dictator

Former Panamanian General Manuel Antonio Noriega Moreno was sent to Le Santé prison today by order of a French judge, hours after being extradited to France from the United States.

NASA Fraud charges leveled at Florida couple

A couple in Florida have been charged with fraud concerning a contract with NASA. The contract was worth $3.7 million. The couple face up to 20 years in prison.

'DJ pop gang' arrested in alleged iTunes royalty scam

Nine people are being held in custody after allegedly earning £200,000 ($320,000) by buying their own records from iTunes and Amazon with stolen and cloned credit cards.

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A leather goods store was found to be involved in money-laundering and drug-trafficking in Torremoli...
A leather goods store was found to be involved in money-laundering and drug-trafficking in Torremolinos, Spain.
Guardia Civil
Lord Green  UK Minister of State for Trade and Investment
Lord Green, UK Minister of State for Trade and Investment
UK Department for Business, Innovation and Skills.
Standard Chartered bank
Standard Chartered bank
Canadian Pacific

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