Weak laws and regulations in Germany allow billions of euros of dirty cash to be funneled into its real estate market, turning the country into a hotbed for money laundering, according to a Transparency International report published on Friday.
Following a series of scandals, ranging from fraud and bribery to illegal betting and doping, more than 100 government ministers, experts, and leaders of international sports organizations met in London on Thursday to affirm a global commitment to tackling corruption in sport.
Federal Police arrested in Buenos Aires an internationally wanted drug trafficking suspect from Poland who had been living in Argentina under a new identity, Interpol stated on Wednesday.
The United States on Wednesday convicted a former Hong Kong official who was backed by a Chinese energy firm of bribery and money laundering, according to the U.S. Attorney’s Office in New York.
Police from over 20 states arrested 168 people who allegedly worked as money mules, helping criminals launder millions of euros of dirty money, Europol announced Tuesday.
China is demanding Canada immediately release the chief financial officer of Chinese telecoms giant Huawei, who was arrested on unspecified charges in Vancouver Saturday and now faces possible extradition to the United States.
Targeting an Italian mafia organization operating in Italy, South America, Belgium, the Netherlands and Germany, authorities arrested on Wednesday 90 people suspected of criminal association, drug trafficking, and money laundering.
Following revelations from the Panama Papers, the US has on Tuesday charged four people with wire fraud, tax fraud, money laundering, and other crimes related to a criminal scheme ran by the Panamanian-based law firm Mossack Fonseca.
In light of recent high-profile scandals at several European banks, the European Council vowed on Tuesday to take further measures against money laundering and terrorist financing in an ongoing effort to crack down on financial fraud.
Italy’s military police descended upon Palermo, Sicily at the break of dawn Tuesday to arrest the alleged leader of Sicily’s notorious Mafia, also known as the Cosa Nostra, ANSA reported.