Reported by Reuters Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more wary of U.S. secondary sanctions, eight sources familiar with the matter said. Payment delays reduce revenue to the Kremlin and make them […]
Reported by Kyle Jaeger The Internal Revenue Service (IRS) has issued a new memo clarifying the rules for reporting large cash payments between marijuana businesses, which the agency says should not automatically be considered “suspicious” just because of the federally prohibited nature of the industry. In the memo, IRS says it is responding to a […]
Reported by Sam Jones in Berlin and Raya Jalabi in Beirut Swiss authorities have censured Lebanon’s largest bank for serious money laundering violations, after uncovering millions of francs in unexplained payments to senior political figures routed through the wealthy alpine country. The investigation into Bank Audi by Finma, Switzerland’s market regulator, was triggered by a […]
Reported by RICHARD WINTON Homeland Security agents conducted searches of Holmby Hills and Miami mansions owned by Sean “Diddy” Combs on Monday as part of a federal inquiry into sex trafficking allegations involving the hip-hop and liquor mogul, law enforcement sources said. The 17,000-square-foot mansion where Combs debuted his last album a year ago was […]
Reported by Simon Sharwood If you dine out at an Asian restaurant on your next holiday, the United Nations thinks your meal could help North Korea to launder money. That bitter tidbit is detailed by the United Nations Panel of Experts dedicated to assessing the Security Council’s sanctions against The Democratic People’s Republic of Korea […]
Reported by Charles P. Pierce Say you’re the mayor of a small Indiana city. Your salary is, oh, say, $62,000 per annum. But you’re overextended. Plus, your business has failed. Plus, the IRS is after you. Plus, it’s Christmastime. So you go to a local manufacturing concern to which you’ve previously thrown a couple city […]
Reported by Matt Ehalt A former federal prosecutor said the illegal gambling allegations against Shohei Ohtani’s former translator could potentially fall under the umbrella of money laundering, should it be revealed that Ohtani approved wire transfers to cover Ippei Mizuhara’s reported $4.5 million debt. Ohtani’s camp originally told ESPN he had transferred funds to offset the losses […]
Reported by PDS Pop Culture Watch video for full report:
Reported by The Crown Prosecution Service An ex-takeaway worker has been convicted (Wednesday 20 March 2024) of laundering the proceeds which saw her rise from living above a Chinese restaurant to residing in a multi-million pound house in an affluent part of North London. Jian Wen, 42, was found guilty at Southwark Crown Court of […]
Reported by Christian Arnold The story involving Shohei Ohtani, his now-former interpreter and an alleged “massive theft” of the baseball superstar took another bizarre turn on Thursday as the sport continues to try and unravel what happened. New details emerged of how Ohtani discovered that Ippei Mizuhara allegedly stole millions of dollars from him to cover gambling debt. ESPN’s […]
Financial Crime News Briefs 