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Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, underground sex work, terrorism, corruption, embezzlement, and treason, and converting the funds into a seemingly legitimate source, usually through a front organization.
The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, [1] in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
Bharara had been prosecuting a money-laundering case against the Russian company Prevezon. Prevezon's attorney in the case is Natalia Veselnitskaya. [138] The company reaches a financial settlement with the government on May 15, 2017, two days before the trial was scheduled to start. [139] Roger Stone admits to communicating with Guccifer 2.0 ...
Internal Revenue Service, Criminal Investigation (IRS-CI) is the United States federal law enforcement agency responsible for investigating potential criminal violations of the U.S. Internal Revenue Code and related financial crimes, such as money laundering, currency transaction violations, tax-related identity theft fraud and terrorist financing that adversely affect tax administration.
Denmark's biggest lender released a report last month showing the branch handled 200 billion euros (176.5 billion pounds) in transactions - 10 times Estonia's GDP - between 2007 and 2015. Oct 4 ...
Jurors found former President Donald Trump guilty on all 34 felony counts of falsifying business records in his New York hush money trial, the first criminal trial of a US ex-president.
The headquarters of Danske Bank in Copenhagen. The Danske Bank money laundering scandal arose in 2017-2018, when it became known that around €800 billion of suspicious transactions had flowed from Estonian, Russian, Latvian and other sources through the Estonia-based bank branch of Denmark-based Danske Bank from 2007 to 2015.
The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act) is the principal legislative instrument, although there are also offence provisions contained in Division 400 of the Criminal Code Act 1995 (Cth). Upon its introduction, it was intended that the AML/CTF Act would be further amended by a second tranche of ...