The U.S. Department of Treasury has closed its money laundering investigation against Danske Bank and will not sanction the Danish lender, which is still being probed by multiple countries for having moved billions in suspicious funds through its Estonian branch.
The United Kingdom’s highest court has dismissed an application by the wife of a jailed Azerbaijani banker against a legal order requiring her to disclose how she acquired two high-value properties in the country.
Canadian police have seized more than 18 million Canadian dollars (US$14 million) worth of drugs and firearms in “the largest single-day drug and firearm bust” in Toronto.
Europol, in close cooperation with the European Commission's Joint Research Center, launched a new platform to help police break encrypted messaging systems used by criminals, the European law enforcement agency announced in a statement Friday.
Authorities in Spain have arrested 23 alleged members of a Russian-speaking conspiracy to infiltrate public institutions and launder proceeds from criminal enterprises involving murder, extortion, and drug, arms and human trafficking in several countries around the world.
A new whistleblower rewards program looks set to provide monetary compensation to individuals who help the United States Treasury or Department of Justice in uncovering high-profile cases of money laundering.
The Council of Europe’s anti-graft group criticized Bosnia and Herzegovina (BiH) for making little progress in its fight against corruption, having implemented only a few of the group’s dozens of recommendations for increasing transparency, especially in relation to political funding.
A triple threat of U.S. sanctions, state mismanagement and the novel coronavirus is driving up demand for black-market medicines in Iran.
The world’s most lucrative environmental crime, the illegal timber industry, is valued at more than US$152 billion a year, Interpol reported after a decade of documenting the crime.
Australian government agency that tracks criminal abuse of the financial system has found the country’s package tour industry a high risk sector for money laundering, financing of terorrism and organized crime, the agency’s latest report revealed.