Spain seizes property worth $735 million linked to Assad's uncle

Apr 4, 2017

Spain seizes property worth $735 million linked to Assad's uncle

Spanish police investigating a money laundering case on Tuesday raided properties and blocked dozens of bank accounts, including some belonging or linked to relatives of former Syrian vice president Rifaat Assad — the exiled uncle of Syria’s current leader. Civil Guard police said the ...

IOC to probe payments on voting for Rio Games

Mar 4, 2017

IOC to probe payments on voting for Rio Games

Organizers of the 2016 Rio Olympics denied on Friday that vote buying helped to secure the games after a French newspaper reported that a Brazilian businessman made payments to the son of an International Olympic Committee member before the vote. Le Monde said a ...

Sep 29, 2016

U.S. cutting off North Korea's sources of foreign currency

The United States is focusing on cutting off North Korea’s foreign currency sources to increase pressure on Pyongyang to abandon its nuclear program, a senior State Department official said Tuesday. “We’re focusing our efforts on cutting off sources of revenue for the regime’s unlawful ...

Jun 2, 2016

U.S. designates North Korea a 'primary money laundering concern'

The United States on Wednesday proposed new restrictions to close off North Korea’s access to the international financial system and to prevent the reclusive communist country from using banks to launder money that could be used for its nuclear weapons program. The Treasury Department ...

May 9, 2016

ICIJ poised to release Panama Papers info trove online

The Panama Papers scandal promises to deepen around the world on Monday when a journalists’ group with access to the digital cache of documents is to put many of them online. The International Consortium of Investigative Journalists (ICIJ) is to release the documents in ...

Favored in crime, €500 banknote finds its days are numbered

May 4, 2016

Favored in crime, €500 banknote finds its days are numbered

The European Central Bank was set to decide on Wednesday the fate of the €500 bank note, which many people associate with money laundering, the black market and terrorist financing. But its possible abolition is raising hackles in countries such as Germany. The violet-colored ...