A Porsche 911 Targa vehicle seized by police at a residence of Su Jiafeng, one of the suspects in the S$2.8 billion money-laundering case, in Singapore, on Wednesday, Oct. 25, 2023. Allegations have erupted that wealthy Chinese have been pouring ill-gotten gains into the Asian financial hub, in what the government itself describes as potentially … Read more
NICOSIA, Cyprus — The United States and Cyprus said Tuesday they’re formalizing their collaboration in fighting money laundering, sanctions evasion and other financial crimes with an agreement offering Cypriot law enforcement authorities U.S. expertise. The FBI and Cypriot police will sign an agreement in the coming days that includes the U.S. Department of Justice offering … Read more
Youverify, a Nigerian provider of identity verification and anti-money laundering (AML) solutions for banks and startups, secured a $2.5 million investment from Elm, which specializes in offering ready-made and customized digital solutions to public and private institutions in Saudi Arabia. The pre-Series A investment from Elm also includes a strategic partnership to help Youverify streamline … Read more
BANGKOK — State prosecutors in Thailand indicted a member of the country’s Senate on six charges involving narcotics trafficking, money laundering and association with a transnational criminal organization, said a statement received Friday from the attorney-general’s office. The senator, Upakit Pachariyangkun, denied all the charges when he appeared Thursday at criminal court in Bangkok, and … Read more
India’s Enforcement Directorate, its anti-money laundering agency, has found that Byju’s violated the nation’s foreign exchange law to the tune of $1.08 billion, a person familiar with the matter told TechCrunch. The findings, which ED plans to make public as early as Tuesday, follows the agency searching the premises of Byju’s and its founder Byju … Read more
The U.S. government has sanctioned a Russian national for allegedly laundering millions of dollars worth of victim ransom payments on behalf of individuals linked to the notorious Ryuk ransomware group. According to an announcement from the U.S. Treasury’s Office of Foreign Assets Control (OFAC), Ekaterina Zhdanova, 37, is accused of using virtual currency exchange transfers … Read more
TIRANA, Albania — Albania’s former prime minister Sali Berisha said Saturday that prosecutors charged him with corruption and money laundering in connection with a land deal involving a Tirana property. Berisha, 79, said the prosecutor’s office in charge of cases against senior officials or major cases, ordered him not to leave the country. Berisha also … Read more
The trial of former Panamanian President Ricardo Martinelli and 14 others for alleged cash laundering associated to their buy of a publishing firm concluded Friday, beginning the clock on the 30 days the decide has to subject a verdict FILE – Former Panamanian President Ricardo Martinelli walks in Tocumen Worldwide Airport, adopted by journalists as … Read more