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 ...

U.S., Colombia move against alleged big money laundering family in Panama

May 6, 2016

U.S., Colombia move against alleged big money laundering family in Panama

Authorities have arrested a prominent Panama businessman and dismantled an empire of banking, real estate and retail businesses that the U.S. says were part of a top worldwide money-laundering organization for drug traffickers. The coordinated operation was announced Thursday as the U.S. Treasury Department ...

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 ...

FBI to assist probe into $81 million Bangladesh heist

Mar 21, 2016

FBI to assist probe into $81 million Bangladesh heist

Bangladesh police met an official of the U.S. Federal Bureau of Investigation (FBI) in Dhaka on Sunday to try to track down culprits in an attempted $951 million cyber heist from the country’s central bank. Initial investigations aim to identify the origin of a ...

Mar 18, 2016

Philippine bankers in Bangladesh heist say they 'feared for lives'

A Philippine banker shifted $81 million stolen from Bangladesh’s central bank into various accounts because she feared for her life, her colleague told a parliamentary investigation on Thursday. Maia Deguito, manager of the Rizal Commercial Banking Corp. (RCBC) branch in Manila’s financial district could ...