Mar 12, 2015

NPA receives record 370,000 reports of 'dubious financial deals'

Police received a record 377,513 reports of “dubious financial transactions,” such as money laundering, from financial institutions in 2014, the National Police Agency said Thursday. The figure rose 8.1 percent from the previous year and police identified 1,001 criminal cases from the reports, up ...

Feb 19, 2015

Swiss prosecutor raids HSBC office, opens criminal inquiry

Geneva’s public prosecutor searched HSBC’s lakeside Swiss office on Wednesday after opening a criminal inquiry into allegations of aggravated money laundering, the second probe to hit the bank this week. Europe’s largest lender is in regulators’ sights after details about how its Swiss private ...

Russia places top billionaire under house arrest, alleges money-laundering

Sep 17, 2014

Russia places top billionaire under house arrest, alleges money-laundering

Russian authorities said Tuesday they had placed a top billionaire, Vladimir Yevtushenkov, under house arrest, accusing him of money-laundering. With a fortune of $9 billion (€7 billion), Yevtushenkov, the 65-year-old head of Russian holding company AFK Sistema, is Russia’s 15th-richest man, according to Forbes ...