Tag: Laundering

1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme

1.3 Million Leaked Transactions Link Major Banks to .8 Billion Money Laundering Scheme A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1.3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out […]

Nordea Bank Faces Allegations of Laundering Russian Millions

Nordea Bank Faces Allegations of Laundering Russian Millions Finnish public broadcaster YLE will air a damning program on March 4 that reveals Nordea Bank’s alleged involvement in a multi-million-dollar money laundering scheme. The program will show how dirty money, mostly from Russian criminals, passed through Nordea, the biggest lender in […]

Cryptocurrency Accounts for Less Than 2% of All Japanese Money Laundering Cases

Cryptocurrency Accounts for Less Than 2% of All Japanese Money Laundering Cases Money laundering cases related to cryptocurrencies in Japan have increased significantly in 2018. Nevertheless, their number remains a fraction of the total. According to the Japanese press, the majority of reported money laundering instances actually involve banks and […]

Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 Countries

Big Banks Money Laundering: UBS Fined .2 Billion, Danske Shuts Down in 4 Countries Money laundering scandals involving some of the world’s largest banks have grown this week. Switzerland’s largest bank, UBS, has been fined 3.7 billion euros (~$ 4.2 billion) for money laundering. Amid a $ 226 billion scandal, […]

Banks are Better than Bitcoin (When It Comes to Money Laundering)

Banks are Better than Bitcoin (When It Comes to Money Laundering) On September 28, 2018, the Wall Street Journal published a report which claimed that criminals laundered nearly $ 90 million of proceeds via cryptocurrency exchanges over two years. The piece mainly targeted ShapeShift, a US-based crypto-to-crypto exchange, for facilitating […]

Deutsche Bank Headquarters Raided by 170 Police Officers Over Money Laundering

Deutsche Bank Headquarters Raided by 170 Police Officers Over Money Laundering Deutsche Bank’s headquarters and five other offices have been raided by 170 police officers, prosecutors, and tax inspectors over money laundering allegations. The bank’s written and electronic business documents were reportedly seized. Its employees allegedly helped clients set up […]