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Tag: Money Laundering

‘Wolf of Wall Street’ producer returns US$14 million in gifts allegedly bought with stolen 1MDB funds – including a vintage ‘K...

The haul of gifts included a vintage French "King Kong" poster, a Jean-Michel Basquiat art piece and several luxury watches.

BN did not ‘rob’ Malaysia of RM19.4 billion in GST money: here’s what really happened

But Prime Minister Mahathir Mohamad said that he still considered the funds "lost" unless they were formally recovered.

‘Stop pretending to be stupid’: Finance Minister roasts MCA for claiming RM15 million 1MDB funds were legal

"No self-respecting country in the world would allow you to sanctify illegal money," he said.

Malaysia aims to recover about $5 billion in 1MDB-linked assets

Najib has been charged with 42 criminal offences related to losses at 1MDB and other state entities, but has consistently denied wrongdoing.
Deutsche Bank.

The FBI is reportedly investigating Deutsche Bank over money-laundering regulation compliance, including transactions connected to Jared Kushner

Last month, a whistleblower named Tammy McFadden told The New York Times she flagged suspicious transactions between Kushner and Russians.

A Wells Fargo personal banker pleaded guilty to helping launder millions of dollars for drug traffickers like the Sinaloa cartel

Money-laundering organizations recruited people who would open bank accounts for the cartel's drug money, according to US investigators.
A memorable money-laundering scheme plays out in crime drama "Breaking Bad."

From ‘Breaking Bad’ to Mueller’s case against Paul Manafort, here’s how money laundering really works

What is money laundering? Recent high-profile examples include Russia's Troika Laundromat scandal and fraud charges against Paul Manafort.
The "laundromat" scandal is deepening.

‘Troika Laundromat’ Russia money-laundering scandal clobbers more banks as allegations deepen

The massive 'Troika Laundromat' money-laundering leak is widening to include numerous already-scandal-hit banks, their share prices falling.
Russian President Vladimir Putin

An explosive exposé of a $9 billion Russian money-laundering operation entangles Citigroup, Raiffeisen, and Deutsche Bank

A project detailing what it calls 'the Troika Laundromat' outlines a massive money-laundering operation with links to politicians and Western banks.
Revolut CEO Nik Storonsky

Revolut is fighting back after yet more allegations were made against the $1.7 billion fintech unicorn after a week from hell

A customer complained about an incident where £70,000 was incorrectly paid into another person’s Revolut account.