Police today arrested a suspected leading member of a £150,000-a-day money laundering ring during a series of raids across London.

Tsochatzopoulos, who has maintained his innocence, threatened: “I know everything.” Prosecutors have implicated 10 people in the scheme, which they say Tsochatzopoulos used to conceal ill-gotten gains.

Two men have been jailed for money laundering following a £2.3m fraud against the Olympic Delivery Authority (ODA).

German authorities have settled money-laundering charges against four banking officials, closing a high-profile corruption investigation that had implicated a former Russian government minister, but that Russian authorities said had failed to show that any Russian laws were broken.

Vito Roberto Palazzolo, arrested at Bangkok airport, had been living in South Africa under the assumed name Robert von Palace Kolbatschenko and is wanted in Italy.

The prosecutors’ investigation report on the basis of which the Parliament approved yesterday the waiver of Mihail Boldea contains shocking data: he made false legal documents to helped various persons of the underworld to launder money.

Coutts, the Queen’s bank, has been fined £8.75million for ‘serious and systematic’ failings when handling money from suspected criminals or foreign despots. Read more: http://www.dailymail.co.uk/news/article-2120867/Money-laundering-Queens-bank-Coutts-fined-8-75m-taking-despots-millions.html#ixzz1qImTCs58

JP Morgan Chase is closing the Vatican bank's account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See's financial institution, Italian newspapers reported.

Ex-employee in New York has 1,000 pages of customer account records

Politehnica Timisoara (Romanian football team) owner, Marian Iancu, was sentenced to ten years imprisonment in "Rafo" case by the Bucharest Tribunal.