Germany is preparing to crack down on money laundering efforts with new legislation prohibiting cash transactions in the real estate market, according to officials. The legislation is aimed at curbing both money laundering and other financial crimes, Bloomberg reports. “Our national risk assessment shows that we need to do more in the real-estate sector,” Finance…
Germany Cracking Down on Cash Transactions for Real Estate to Combat Money Laundering
BC Commission Says Politicians Didn’t Do Enough to Fight Money Laundering
Politicians could have done more to combat money laundering in British Columbia, says a much anticipated report from a wide-ranging inquiry into the issue released on June 15. It also recommends that the province set up its own money laundering intelligence and investigation unit rather than relying mostly on the federal agencies dedicated to the issue….
BC Commission’s Report Finds Politicians Didn’t Do Enough to Fight Money Laundering
Politicians could have done more to combat money laundering in British Columbia, says a much-anticipated report from a wide-ranging inquiry into the issue released on June 15. It also recommends that the province set up its own money laundering intelligence and investigation unit rather than relying mostly on the federal agencies dedicated to the issue. “Money…
BC Money Laundering Public Inquiry Report, Recommendations to Be Released
A report being released today is expected to explain how billions of dollars in suspected illegal cash was funnelled into British Columbia’s real estate sector, casinos and luxury car market. The New Democrat government appointed former B.C. Supreme Court Justice Austin Cullen in May 2019 to lead a public inquiry into money laundering, which heard…
Former Judge’s Report Into BC Money Laundering to Be Released Wednesday
The final report and recommendations of British Columbia’s public inquiry into money laundering are scheduled to be released Wednesday. The B.C. government says in a statement the Cullen Commission’s entire report is being released publicly after testimony from 199 witnesses during a sitting of 133 days. The government says former B.C. Supreme Court Justice Austin…
‘Tiger King’ Star Doc Antle Charged With Money Laundering
“Tiger King” star Bhagavan “Doc” Antle has been charged with laundering more than half a million dollars, money federal prosecutors said Monday that he believed to be the proceeds of an operation to smuggle people across the Mexican border into the United States. Charges against Antle and Andrew Jon Sawyer, one of Antle’s employees at…
Government to Review Money-Laundering Inquiry Report Before Public Release, Says Eby
The final report from British Columbia’s public inquiry into money laundering is set to be submitted to the government today. The New Democrat government appointed B.C. Supreme Court Justice Austin Cullen in May 2019 to lead the inquiry after several official reports concluded that hundreds of millions of dollars linked to organized crime and the…
19 Indicted in International Drug Money Laundering Scheme
BOSTON—Nineteen people have been indicted in a complex money-laundering scheme to move millions of dollars in drug proceeds from Colombian cartels through U.S. banks, federal prosecutors said Tuesday. The charges brought in Massachusetts federal court are the result of a five-year investigation into the money laundering organization based in Colombia. Authorities say they laundered at…
Miami Man Loses $6 Million Home, Freedom in $115 Million Scam Involving Baby Formula
By David J. Neal From Miami Herald A 7,700-square-foot, four-bedroom, four-bathroom house and three units of an Aventura office building are the list of losses for a Golden Beach man after a massive commercial fraud that involved infant formula, eye-care products, and other products regulated by the FDA. Johnny Grobman, 48, won’t need the home…
Bank Chiefs Should Face Jail Time for Money Laundering, Say UK MPs
A cross-party group of MPs has urged the government to introduce legislation that would put bank executives behind bars if they allowed or encouraged money laundering. Parliament rushed through the Economic Crime (Transparency and Enforcement) Act in March in an attempt to deprive Russian oligarchs with ties to President Vladimir Putin of their UK-based wealth,…
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