English

money laundering

Europe News

Millions in cash found hidden behind walls in anti-mafia raid near Naples

ADVERTISEMENT

ADVERTISEMENT

Business

Money transfer giant Wise faces Belgian probe over AML controls

Belgian investigators are examining whether the firm's services were used by criminal groups to launder proceeds from suspected fraud, corruption and drug trafficking.

Economy

US Treasury enlists banks to target Iranian money laundering schemes

The US Treasury has directed banks to intensify their monitoring of Iranian money laundering networks that enable funds from sanctioned oil. The move is part of the wider strategy to pressure Iran into a deal as negotiations stall.

Culture news

French rapper Gims investigated for 'aggravated money laundering'

Gims, one of France's most popular rappers, was placed under formal investigation and released under judicial supervision on Friday, in a sprawling international money-laundering case.

The Cube

No, Brussels didn't just criminalise cash

Viral claims about the EU's new Anti-Money laundering package have claimed that cash in Europe will soon be "contraband." Here's what the new €10,000 cap really means.

ADVERTISEMENT

Business

Germany fines JPMorgan €45 million for anti-money-laundering failings

Germany’s financial watchdog BaFin has imposed a record fine on JPMorgan for systemic failings in its anti-money-laundering controls.

Money

Could AI prevent money laundering and combat financing terrorism?

In a demonstration, Strise showed a company portfolio where warning signs flashed over a possible Russian oligarch ownership.

Kazakhstan

Kazakhstan closes 130 crypto platforms in shadow economy crackdown

Authorities in Kazakhstan seized digital assets worth €14.4 million and uncovered 81 illegal cash-out networks amid growing efforts to curb financial crime.

Europe News

ING bank probed for role in Didier Reynders money laundering case

The former EU Justice Commissioner came under investigation in December 2024.

Europe News

MEPs clash with the EU Commission over anti-money laundering blacklist

The European Parliament is opposing the European Commission’s updated anti-money laundering blacklist, which removes several jurisdictions including the UAE, Panama, and Gibraltar.

Europe News

Cyprus to adopt FBI recommendations on tackling sanctions evasion

A US team that spent nine months on Cyprus has produced a detailed report outlining specific recommendations and proposals including additional staff training, upgrading high-tech systems and amending existing legislation.

Money

Bybit closes $1.5bn gap after ‘largest crypto heist of all time’

A Dubai-based crypto exchange lost $1.5 billion to hackers in what is being called the biggest digital heist of all time.

Europe News

Revealed: How the alleged Reynders lottery scam worked (or didn't)

Newly released National Lottery data shows how two suspicious accounts, presumably belonging to the ex-EU Commissioner and his wife, stuck out like a sore thumb, as they jointly splurged nearly €50,000 of lottery tickets in a year.

Europe News

Reynders: Suspect funds, alleged to be €1m, came from ‘private wealth’

The former European Commissioner has denied criminal allegations made against him, after reports police found thousands of euros while raiding his properties.

Europe News

Russian money laundering networks exposed in global sting

Operation Destabilise, which was led by UK’s National Crime Agency (NCA), has resulted in 84 arrests and the confiscation of £20 million (€24.2m)

Europe News

Alleged Reynders lottery scam exempted from EU law

Former European Justice Commissioner Didier Reynders is being investigated for an alleged practice involving purchasing multiple lottery tickets – a sector that a new Brussels law passed earlier this year explicitly deems low risk.

Europe News

Didier Reynders allegations: What happens next?

A money laundering probe into the former European Commissioner could drag on for weeks or months – and it’s unclear whether he benefits from legal immunity.