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A massive money-laundering case centered on the alleged theft of more than $1 billion from Venezuela’s state-owned oil company has expanded with new charges accusing a pair of financial asset ...
Rob Jones, the Director General of Operations at the NCA, described the operation as "the most significant money laundering operation that the NCA has undertaken in 10 years." [1] and that it had "exposed billion-dollar money laundering networks operating in a way previously unknown to international law enforcement". [20]
2021-Authorities were first alerted to the money laundering scheme. [2]15 August 2023-The 10 accused in this case are arrested. Assets worth over 1 billion Singapore Dollars were either seized, frozen or issued prohibition of disposal orders, including vehicles, Bearbricks, properties, luxury items, grand pianos, liquor and wine.
Moldovan banks have long been notorious for being involved in the region's largest money laundering schemes, known as the Russian Laundromat going far beyond the 2014 theft of $1 billion. Russian and Ukrainian state officials, regional organized crime groups, and regional businesses have long used Moldovan banks to launder tens of billions of ...
TORONTO/NEW YORK, Oct 10 (Reuters) - New Jersey-based TD Bank became the largest bank in U.S. history to plead guilty to violating a federal law aimed at preventing money laundering, and agreed to ...
TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels, a source with knowledge of the settlement told CNN.
The bank has said it will donate 1.5 billion kroner (c. US$225 million) to a charity. It expects to pay fines of several billion dollars to financial regulators in Denmark, the U.S. and other European countries. [26] In December 2022, Danske Bank pled guilty and agreed to a $2 billion fine in a case from the United States Department of Justice ...
The bank has agreed payments of $1.92 billion, while the ... announced that it has reached settlements with authorities in the U.S. regarding "inadequate compliance" with anti-money laundering laws.