Reported by LOW DE WEI, CHANYAPORN CHANJAROEN, AND ALFRED CANG / BLOOMBERG Some of the biggest local and international banks in Singapore are becoming embroiled in one of the city-state’s largest money laundering cases. DBS Group Holdings Ltd, the country’s largest bank, and Bank of Singapore Ltd., the private-banking arm of Oversea-Chinese Banking Corp., are […]
Reported by EDMUND H. MAHONY A federal grand jury indicted a Greenwich oil and gas trader Tuesday for his role in a scheme to bribe Brazilian officials in order to win contracts with state-owed Brazilian energy company, Petróleo Brasileiro S.A., known as Petrobras. Gary Oztemel, 66, was named in a superseding indictment with his brother, Glenn Oztemel, […]
Reported by DIEGO ORE A Mexican mother walked into a bank in her home city of Culiacán in the Mexican state of Sinaloa, where an $8,000 remittance from the United States was waiting. She withdrew the funds in local currency, then strolled across town and deposited nearly all of it into accounts at two different […]
Reported by Elffie Chew Singapore’s Council for Estate Agencies is investigating property agents who might have facilitated deals linked to the S$1 billion ($737 million) money laundering case in the city state, Straits Times reported Saturday. Property agencies and their agents are required to conduct due diligence on their clients when they facilitate real estate […]
Reported by Elizabeth Napolitano Heineken has sold its business in Russia for one euro more than a year after it vowed to pull out of the country in response to Russia’s invasion of Ukraine. The Dutch brewer is taking a €300 million loss, or roughly $325 million, by selling its business to Russian manufacturer Arnest […]
Reported by JEFF JOHN ROBERTS Binance says it provided data that led to the capture of ISIS members in Turkey and Tajikistan. Anton Petrus—Getty Images The world’s largest cryptocurrency exchange says intelligence discovered by its investigations team led to the arrest of senior members of Islamic State of Khorasan Province, or ISKP, a branch of […]
Reported by Joshua Askew Summary of original article shown below The article discusses the impact of sanctions imposed by the West on Russia following the Russian invasion of Ukraine. These sanctions, considered the most extensive since the Cold War, were initially thought to severely damage the Russian economy. However, Russia has shown resilience, with its […]
Reported by Elizabeth Lopatto Photo by Amelia Holowaty Krales / The Verge Tornado Cash developers Roman Semenov and Roman Storm have been charged with three conspiracy counts in an indictment unsealed today. Storm has been arrested and Semenov remains at large, according to a statement from the Southern District of New York. Tornado Cash is […]
Reported by Low De Wei and Alfred Cang Deutsche Bank AG is a creditor to a Singapore company whose two directors were arrested for their roles in an alleged money laundering and forgery ring. The bank has a charge that was registered on May 22 against Golden Eagle Assets Pte. The firm’s directors Zhang Ruijin […]
Reported by Julie Manganis State Street Bank and Trust Co. willfully ignored red flags and violated anti-money laundering requirements to allow the transfer of $8.3 million worth of securities into an account controlled by a man later charged in an alleged $155 million Ponzi scheme, a lawsuit filed in Massachusetts state court alleges. The complaint, […]
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