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Italian police have seized assets worth 800 million euros ($960 million) including luxury hotels and restaurants from a Naples property developer accused of being a key player in the Camorra mafia.
The U.S. Treasury Department issued a finding Tuesday that named a Belarus-based bank as a “primary money-laundering concern,” which potentially can cut the bank off entirely from the U.S. financial system.
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.