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Wednesday, June 26, 2019

Tag: money laundering

Britain’s Lloyds bank freezes 8,000 offshore accounts

The news comes amid international moves towards greater tax transparency, including in UK crown dependencies Jersey, Guernsey and the Isle of Man.

North Korean denied bail pending extradition request by US

The US is seeking to extradite Mun Chol Myong to face charges of money laundering.

Saudi Arabia becomes full member of money-laundering watchdog

Saudi Arabia’s elevation in FATF follows its escape in March from being included in a planned European Union money-laundering blacklist.

Rosmah in bid to stop compliance with notice to declare assets

She says otherwise, her appeal against the court decision for her to comply with the notice will be academic.

Nordea’s Danish headquarters searched as part of money laundering investigation

Both physical, digital documents and e-mails were seized during the search of the building in Copenhagen.

Malaysia keeps Pakistan off money-laundering blacklist

Pakistan obtained the necessary minimum of votes of support from China, Turkey and Malaysia to stay off the blacklist.

Pakistan ex-president Zardari arrested over graft charges

The charges in the latest case centre around allegations Asif Ali Zardari laundered vast sums of money through suspect bank accounts and companies.

Mahathir stands by Malaysia’s right not to extradite Zakir Naik

Prime Minister says controversial preacher Zakir feels he may not get a fair trial in India.

India seeks arrest warrant against Zakir Naik – report

June 19 court decision could lead to a request for an Interpol red notice on money laundering charges involving over RM115 million.

Court yes to publish notice inviting ownership contest of items seized...

DPP gets order to be allowed to publish a gazette summoning interested parties to come forward and stake their claim to the hundreds of items seized from Najib Razak and 15 others.

I didn’t take Najib’s SRC loan proposal consent as an...

Azian Mohd Noh, however, tells the Najib money-laundering trial she cannot speak for the investment panel members who approved the RM4 billion loan.

Suspicious financial activity at Vatican reaches six-year low

Reforms made to lower reports of suspicious financial activity in the Vatican is a success states an internal watchdog.

Bank staff flagged Trump, Kushner transactions for watchdog

Congressional and New York state authorities have already been investigating the relationship between Trump, his family and Deutsche Bank.

Najib may seek to strike out RM27 million money laundering charges

His lawyer says the charges do not state the primary offence as they had been 'riding' on seven other charges.

Court denies Shafee access to passport for Australian case

The judge says Shafee is only needed there to help with translation, which can be done by a representative from his firm.

Rosmah will incriminate herself if she reveals assets, says lawyer

Prosecution's intention to obtain information before trial starts is prejudicial to her defence, says Rajivan Nambiar

I have faith in Indian courts but not Modi’s govt, says...

The preacher who is facing charges of money laundering in India says he wants assurance that he will not be arrested pending the outcome of his trial.

BNM did not want to ‘tip off’ Najib about transactions from...

A central bank officer said Najib was not informed about the matter as it would amount to tipping him off.

Joint hearing application for Rosmah, Rizal on May 24

The prosecution is applying for their cases to be heard together.

Ex-Danske CEO Borgen charged over money laundering case

Danske Bank is under investigation for suspicious transactions of some 200 billion euros that passed through its Estonian branch.

Please don’t send Naik back to India, PAS pleads with Putrajaya

The Islamist party wants the government to protect the controversial preacher despite money laundering charges levelled against him in India.

Jho Low’s RM162 mil LA mansion to be put up for...

Both US prosecutors and fugitive Jho Low file request in Los Angeles court to sell the mansion which is alleged to have been bought using 1MDB money.

Zakir Naik formally charged with money laundering

The preacher is accused of acquiring US$28 million worth of criminal assets.

Swedbank admits anti-money laundering failings

The bank says it will set up a new unit called 'Anti-Financial Crime' to combat all areas of financial crime.