money laundering

European banks under regulators' scanner amid Panama Papers issue

European banking regulators have begun probing links between banks and tax havens in the wake of leakage of Panama Papers. Switzerland's financial watchdog FINMA has cautioned banks to crack down on money laundering. Geneva has also commenced a criminal enquiry into banks dealing with tax havens in the wake of Panama Papers.

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Ashoka Buildcon Staged a Sharp Recovery After 20% Plunge in Stock Market

One of India's largest highway and road developers prepared to recover after a massive loss in Wednesday. The company's stock slumped following the raid of tax officials.

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Singapore's authority seizes account related with 1MDB

The Singapore's authority announced that it has seized a large number of bank accounts in a probe into alleged misappropriations related to 1MDB. Details regarding the bank accounts will be shared with investigators from Switzerland, United States and Malaysia.

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Bewildered Police found Thousands of Euros Floating in Danube River

The Police of Austria has been left bewildered after they found thousands of euro banknotes floating in Danube River. Soon after the discovery, police officers called all the banks of Danube in Vienna. During this euro rescue mission, bystanders observed an anonymous boy jumped into the river.

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U.S. money-laundering probe draws in Putin's inner circle: WSJ

U.S. prosecutors have launched a money-laundering investigation into a member of Russian President Vladimir Putin's inner circle, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

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International financial watchdog warns on Iran, North Korea

An international financial watchdog said on Friday member states should take action to ward off risks emanating from Iran and North Korea, which it said had failed to tackle money-laundering and financing of terrorism.

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U.S. DEA 'most interested' in U.S. investors in Canadian marijuana firms

U.S. investors in Canada's medical marijuana industry are betting they won't fall under the scrutiny of U.S. law enforcement officers - but it's a risky bet.

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Central bank of Russia shuts down Investbank, two more in criminal activity crackdown

Investbank, Smolenksy and Project Finance Bank had been stripped off of their operating licenses due to dubious activity and payment issues with creditors and depositors, the Russian central bank said in separate statements on Friday.

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Claims of money laundering haunt Urban Cooperative Banks

A meeting of local and state financial authorities relate the possible misuse of Urban Cooperative Banks by unscrupulous money launderers.

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US authorities eye seizure New York luxury properties used in money laundering

US authorities want to seize real estate properties in New York that were used to launder money from Russia.

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Pundits, analysts see US Crop Insurance program a money-laundering scheme

Analysts and pundits alike saw that private insurers who received state aid are reaping more benefits than they should.

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