In its indictment of a collector accused of helping the militant group, U.S. prosecutors presented evidence of how easily art sales can be used to evade sanctions and launder money.
Tag: Money Laundering
Colombian President’s Son Is Arrested in Money Laundering Inquiry
The arrest of Nicolás Petro poses another test for President Gustavo Petro, who has struggled to push many of his reforms through a divided Congress.
200,000-Dollar Fine Aims to Expose Money Laundering in Canada
In a new bid to end the use of shell companies to hide crimes and avoid taxes, the federal government will require clear records of corporate ownership. Will provincial governments follow?
Russian Citizen Accused of Running Cryptocurrency Exchange Used by Criminals
The charges were part of an intensifying effort by federal law enforcement agencies, in conjunction with European partners, to combat international cryptocurrency schemes and illegal transactions.
South Africa’s Cyril Ramaphosa Wins a Crucial A.N.C. Battle
President Cyril Ramaphosa emerged well-placed to win a second term as the head of the country’s governing party, although there is much haggling and horse-trading to come.
McKinsey Charged in South African Corruption Case
The South African branch of the global consulting firm has been charged in a corruption scandal related to its work with the country’s state-owned freight rail and port operator.
Hermès Bags and Millions in Cash: The Fall of Malaysia’s Najib Razak
The former prime minister and his wife were once seen as untouchable. Now, both have been found guilty in connection with the 1MDB financial scandal.
American Lawyer Asim Ghafoor Freed From Detention in U.A.E.
Asim Ghafoor, who was convicted of financial crimes, was freed from a monthlong detention in Dubai after paying a $1.36 million fine.
Billions of Dollars Laundered Annually in British Columbia
Government officials in the province of British Columbia were aware that suspicious money was entering their revenue stream, but took insufficient steps to stop it.
U.K. Donor Said to Have Funneled Russian Money to Tories
The cash was part of a fund-raising blitz that helped propel Prime Minister Boris Johnson’s party to victory in 2019. Records track $630,225 to a Russian bank account.