MANAGUA—A judge late on Monday sentenced former Nicaraguan presidential candidate Cristiana Chamorro to eight years of detention for money laundering and misuse of funds, in a case that government opponents argue was politically motivated. A judge will later decide if she will serve her sentence under house arrest or in prison. Chamorro and her brother…
Former Nicaragua Presidential Candidate Chamorro Gets 8 Years for Financial Crimes
China Implicated in Iran’s Global Money Laundering
March 22, 2022
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ChinaChinese RegimeFinance & Business TiesGlobal ExpansionIranmoney launderingOpinionsanctionSpecial TopicsThinking About China
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News Analysis China is implicated in Iran’s international money laundering system, according to a new report by The Wall Street Journal. The Journal “reviewed financial transactions for scores of Iranian proxy companies in 61 accounts at 28 foreign banks in China, Hong Kong, Singapore, Turkey and the United Arab Emirates totaling several hundred million dollars,”…
Emergencies Act: Ottawa Aims to Seize Pittance From Protesters, Yet Ignores Flood of Dark Money for Years
Commentary One strange thing about Justin Trudeau panicking and invoking the Emergencies Act is that it doesn’t appear to give the state many powers it didn’t already have, let alone need to deal with the supposed emergency. Another is that one draconian power it does give, to seize or freeze financial assets without a court…
Court Says Credit Suisse Faces $45.5 Million Claim in Money-Laundering Case
ZURICH—Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse in a money-laundering trial due to begin on Feb. 7, the Swiss Federal Criminal Court (FCC) said on Monday. The Office of the Attorney General (OAG) indicted the bank in December 2020 after an investigation into the activities of…
EpochTV Review: Oh, Canada
Commentary It sounds like the plot of a Robert De Niro movie. A powerful criminal organization uses casinos to launder drug money into “clean” cash that can then be used to purchase international real estate by corrupt politicians. It’s the kind of scheme one would expect to find in Las Vegas back in the 1960s,…
Crypto Money Laundering Rises 30 Percent in 2021: Chainalysis
NEW YORK—Cybercriminals laundered $8.6 billion in cryptocurrencies last year, up 30 percent from 2020, according to a report from blockchain analysis firm Chainalysis released on Wednesday. Overall, cybercriminals have laundered more than $33 billion worth of crypto since 2017, Chainalysis estimated, with most of the total over time moving to centralized exchanges. The firm said…
Signal Founder Stepping Down as Company CEO
Signal founder Moxie Marlinspike has announced that he will be stepping down as CEO in a move that some tech analysts say could be related to the rise of MobileCoin, a cryptocurrency in which Marlinspike is a technical adviser. “After a decade or more, it’s difficult to overstate how important Signal is to me, but…
Canada Fines Chinese Bank for Non-Compliance on Financial Threats
Canada’s financial intelligence arm FINTRAC has imposed a fine on the world’s largest bank, the state-owned Industrial and Commercial Bank of China (ICBC), for non-compliance on financial threats. ICBC (Canada) was found to be non-compliant with provisions of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act following a compliance examination in 2019 and…
Canada’s FINTRAC Fines Chinese Bank for Non-Compliance on Rules Related to Money Laundering, Terrorist Activity Financing
Canada’s financial intelligence arm FINTRAC has imposed a fine on the world’s largest bank, the state-owned Industrial and Commercial Bank of China (ICBC), for non-compliance on regulations related to money laundering, terrorist activity financing, and threats to the security of Canada. ICBC (Canada) was found to be non-compliant with provisions of the Proceeds of Crime…
Former Chinese Official to Plead Guilty in LA to Money Laundering
December 20, 2021
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Chinese officialsLocal NewsLos Angelesmoney launderingRegional NewsRegional-Local NewsSouthern CaliforniaUS
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LOS ANGELES—A former Chinese official who was a fugitive for more than five years is expected to plead guilty Dec. 20 to a federal conspiracy charge alleging he laundered millions of dollars and used some of the stolen funds to purchase properties in Monterey Park. Jianjun Qiao, 58, was extradited from Sweden to Los Angeles last year to face…
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