Tag: money laundering laws

NatWest Money Laundering Case Linked to Second Criminal Trial, Prosecutors Say

LONDON—Criminal money laundering charges against British state-backed bank NatWest are linked to a separate case against 13 individuals based in cities across the country, prosecutors have told Reuters. Britain’s financial regulator, the UK Financial Conduct Authority (FCA), started a criminal action against NatWest on Tuesday, making it the first bank to be charged under a…


New Law Cracks Down on Shell Companies to Combat Corruption

MIAMI—For years as a federal prosecutor in New York, Daniel R. Alonso led teams that had to search through a maze of anonymously owned corporate entities to expose criminal activity. “It required all kinds of shoe-leather investigating to identify who was really behind these shell companies,” recalled Alonso. “You’d have to subpoena bank records and…