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Showing posts with label money laundering. Show all posts
Showing posts with label money laundering. Show all posts

Friday, January 30, 2026

Corruption is Everywhere > UK Immigration officers making a bundle on two schemes; China executes 11 criminals for online scamming in Myanmar; Germany police raid Deutsche Bank in money laundering probe

 

UK immigration officers charged with robbing migrants

The five suspects are accused of misconduct in public office and stealing cash from illegals who had crossed the English Channel on boats
UK immigration officers charged with robbing migrants











Five British immigration officers have appeared in court on charges of stealing cash from illegal migrants who arrived in the UK across the English Channel on small boats, Reuters reported on Thursday.

The officers were charged at Westminster Magistrates’ Court with conspiracy to steal, misconduct in public office, and money laundering for alleged offenses between August 2021 and November 2022.

Prosecutors told the court the defendants worked on Britain’s south coast “dealing with recent arrivals on small boats.” It stated that many of these people arrived “with relatively large sums of money in cash on their person,” and that the officers “worked together to take that money for themselves and share it.”

A sixth defendant faces a single charge of money laundering. All six were granted bail, with their next hearing scheduled at Southwark Crown Court next month. None were asked to enter pleas.

The case comes amid rising tensions over immigration across the UK as illegal boat crossings have become a focal point for many voters and have led to a rise of anti-immigration sentiment. The controversy has further been escalated by increasing criminal activity linked to illegals.

Fake Sponsorships

Earlier this week, The Times reported on a black market in fake skilled-worker visa sponsorships. An investigation found agents charging up to £20,000 ($27,500) to fabricate payroll records for non-existent jobs, allowing migrants to stay in the UK while forcing them into unofficial cash-in-hand work.

The issues have eroded trust in the British government, with polls showing Prime Minister Keir Starmer’s approval rating plummeting while support for Nigel Farage’s opposition right-wing Reform party has risen.

The government has responded by announcing a planned overhaul of its immigration policy in an effort to reduce the number of arriving illegals. In November, the British Home Office also proposed confiscating high-value assets, including vehicles and “bags full of gold rings,” from asylum seekers to help cover the cost of benefits.

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China executes 11 over Myanmar scam centers

   
China on Thursday executed 11 members of a Chinese crime family in connection to scam centers being run in Myanmar. File Photo by Mark R. Cristino/EPA-EFE
China on Thursday executed 11 members of a Chinese crime family in connection to scam centers being run in Myanmar. File Photo by Mark R. Cristino/EPA-EFE

Jan. 29 (UPI) -- China on Thursday executed 11 members of the Ming-family crime syndicate in connection with the running of online scam centers in civil war-torn Myanmar, according to state-run media.

The 11 gang members were executed by the Wenzhou Intermediate People's Court of Zhejiang province, Xinhua reported. The method of execution was not mentioned, though death sentences are carried out either by firing squad or lethal injection.

The Ming-family crime syndicate is one of several criminal organizations that have taken advantage of the ongoing civil war in Myanmar to generate billions from running online scam centers using human trafficking, forced labor and torture in the Asian nation.

Those executed Thursday were sentenced to death in September for intentional homicide, intentional injury, illegal detention, fraud and operating gambling establishments.

The court found that they had been operating several Myanmar scam centers engaged in telecom fraud, illegal gambling and other crimes.

Two of the members appealed their conviction in September, but the verdict was upheld in November.

China's Supreme People's Court reviewed the case and confirmed the criminal syndicate had established the compounds in northern Myanmar's Kokang region, where they recruited financiers and provided armed protection for the scheme, generating more than $1.4 billion in illicit funds, according to state-run media.

The group was also found to have conspired with other organizations running scam centers to deliberately kill, injure or illegally detain workers, resulting in the deaths of 14 Chinese citizens, the high court found.

China is believed to have conducted more executions than any other country, though its use of the death penalty, according to the United Nations Human Rights Office, "remains shrouded in secrecy, making it difficult to obtain accurate numbers."

Amnesty International has said that China is believed to execute thousands a year.




German police raid Deutsche Bank in money laundering investigation

   
German police raided Deutsche Bank locations in Frankfurt and Berlin on Wednesday over an investigation into money laundering. File Photo by Wallace Woon/EPA-EFE
German police raided Deutsche Bank locations in Frankfurt and Berlin on Wednesday over an investigation into money laundering. File Photo by Wallace Woon/EPA-EFE

Jan. 28 (UPI) -- German police raided Deutsche Bank locations in Frankfurt and Berlin on Wednesday over an investigation into money laundering.

Deutsche Bank said in a statement that it is cooperating with law enforcement on the investigation.

"We confirm Frankfurt prosecutors are currently conducting an investigation at Deutsche Bank's business premises," the statement said. "We are cooperating fully with [the] prosecutor's office. We cannot comment further on this matter."

The prosecutors say the probe is related to executives and employees of Deutsche Bank who are suspected of being involved in money laundering. Prosecutors also say Deutsche Bank has maintained relationships with foreign companies that were suspected to be part of a money laundering scheme.

Suspects in the investigation have not been named.

News of the investigation preceded shares in Deutsche Bank falling by about 2.7%.

Deutsche Bank is set to release its fourth quarter 2025 and year-end earnings report on Thursday.

The investigation marks the third time in the last eight years that law enforcement has probed Deutsche Bank. It did so in 2022, also in a money laundering investigation, and in 2018 in an investigation of two employees for tax evasion.

Deutsche Bank has been penalized in the past for delays in its anti-money laundering reports. Banks are required by law to promptly file reports of suspicious activity.



Tuesday, August 12, 2025

Uruguay fighting against Narco Statism

 

Uruguay launches national strategy to combat

money laundering

By Francisca Orellana
   
Uruguayan President Yamandú Orsi wants a national effort to combat money laundering, terrorism financing and the proliferation of weapons, aiming to curb the rise of drug trafficking and organized crime in the country. Photo by Elvis Gonzalez/EPA
Uruguayan President Yamandú Orsi wants a national effort to combat money laundering, terrorism financing and the proliferation of weapons, aiming to curb the rise of drug trafficking and organized crime in the country. Photo by Elvis Gonzalez/EPA

Aug. 12 (UPI) -- Uruguayan President Yamandú Orsi's government has launched a national strategy to combat money laundering, terrorism financing and the proliferation of weapons, aiming to curb the rise of drug trafficking and organized crime in the country.

The initiative is an action plan for 2025 to 2030, based on the 2024 National Risk Assessment, which found that drug trafficking, corruption and the trade of soccer players' transfer rights are among the activities posing the highest risk for money laundering in the country.

"Uruguay today is not achieving -- and has not for a long time -- concrete results in the fight against money laundering and the financing of terrorism," Presidential Deputy Secretary Jorge Díaz said last week during presentation of the strategy.

In 2019, Uruguay secured 52 convictions for money laundering, but only eight have been recorded this year.

Díaz said the government seeks to achieve concrete results in combating money laundering.

"We have to effectively show that we are efficient and effective in prevention and enforcement," he said.

In early August, Uruguayan authorities made a record seizure of more than 2.2 tons of cocaine in simultaneous operations in Montevideo and Canelones.

The Interior Ministry said the seizure was one of the biggest blows to drug trafficking in the country's recent history and underscored the need to strengthen financial investigations to dismantle the criminal networks behind such shipments.

According to a report from Uruguay's Central Bank, the Financial Information and Analysis Unit received 964 suspicious transaction reports in 2024, up 6% from 911 in 2023. Of those, 12 cases were referred to the courts.

The national strategy is part of a broader effort to combat money laundering that also includes the Integrated System for Combating Organized Crime and Drug Trafficking, or SILCON. Created by decree and led by the Presidency, SILCON coordinates intelligence among several ministries.

As such, the strategy and SILCON work together: while one focuses on strengthening institutional, legal and financial prevention capabilities, the other reinforces operational and intelligence coordination against organized crime and drug trafficking.



    Wednesday, December 4, 2024

    European police take down Encryption services used by criminals in 5 countries

     

    Dutch & French police take down Matrix encrypted

    chat app; 2.3 million messages captured

    Dutch and French authorities have cracked another encrypted communication service that criminals allegedly used to communicate with each other. The service, named Matrix, was the successor to previously cracked services such as ANOM, Sky ECC, and EncroChat. Police were able to intercept over 2.3 million messages and were able to read along with conversations for months.

    The police were made aware of the service after the murder of Peter R. de Vries in July 2021. A phone was found in the getaway car with the encrypted messaging service on it.

    The messages that were intercepted are linked to serious crimes such as “ international drug trafficking, arms trafficking, and money laundering,” according to a statement by Interpol.

    Two suspects were arrested at the Netherlands' request in Marbella, Spain. One of them is allegedly the owner of the service, a 52-year-old man from Lithuania. A 30-year-old from the Netherlands was also arrested. He used the service and is also suspected of international cocaine trafficking in 2020.

    In addition, six houses were searched in Spain, and a villa worth 15 million euros was seized. Half a million euros in cryptocurrency and 145,000 euros in cash were also seized. Furthermore, four vehicles and more than 970 telephones were taken. Searches were also carried out at six locations in Lithuania.

    Dutch police said the Matrix app was targeted along with similar encrypted services known by the names Mactrix, Totalsex, X-quantum and Q-Safe. The investigation did not spotlight the similarly-named Matrix open source communication protocol.

    The police had already taken down various comparable services in the past. In 2016, servers belonging to Ennetcom in Canada were seized. This was followed by PGP-SAFE, IronChat, and EncroChat.

    Investigate services made a big impact when they took down SKY ECC, a service with 70,000 users, 11,000 of those being Dutch citizens, in 2021. The services ANOM and Ghost were also taken down after this.

    Police say that Matrix was more complex than its predecessors and more international. Detectives saw messages in 33 languages during the investigation. The service was controlled from Spain, while most users were in Southern Europe.

    Matrix’s infrastructure consisted of more than 40 servers, with the most important of these being in France and Germany.

    Detectives from the Netherlands, France, Lithuania, Italy, and Spain took part in the investigation.

    Reporting by ANP and NL Times

    ===============================================================================================

    Friday, December 8, 2023

    Corruption is Everywhere > In French Politics for sure; Canada's RBC and CIBC Banks fined for disgraceful behaviour

     

    Ex-President Nicolas Sarkozy was convicted of illegal campaign financing in a failed 2012 re-election bid. He recently appealed the conviction. He was charged last month in a separate witness tampering case relating to alleged Libyan financing of his 2007 presidential win. Sarkozy also faces a separate probe into possible potential influence-peddling.

    Marine Le Pen has been charged for this apparent fraud a couple of times before, but usually within a year of the next election. The French Government and the EU leadership do not want a far-right President in France and who knows to what lengths they will go to keep her out? 

    On the other hand, if she and her party-mates are actually guilty, it could be the end of The National Rally, which, in turn, would mean the end of France as a French entity and it's emergence as a Muslim colony.


    French prosecutors order Le Pen to stand trial

    in EU funding scandal


    French prosecutors on Friday ordered far-right figurehead Marine Le Pen to stand trial over claims she used EU funds to finance party activities in France.

    Marine Le Pen attends a debate on France's sovereignty, nationality, immigration and asylum called by right-wing party 'Les Republicains' at the National Assembly in Paris, December 7, 2023. © Ludovic Marin, AFP

    The former presidential candidate will in March be joined by 26 other members of the National Rally (RN) party in the dock, all accused of setting up a system for embezzling EU money to hire staff in France.

    The fake jobs inquiry began in 2015, with prosecutors alleging that starting in 2004, National Front eurodeputies including Le Pen took part in the fake jobs scheme.

    The accused include Le Pen’s father, Jean-Marie Le Pen, the co-founder of what became France’s most successful far-right party.

    The party itself, as a legal entity, is suspected of receiving illicit funds, and of complicity in fraud.

    Marine Le Pen was runner-up to Emmanuel Macron in the 2017 and 2022 presidential elections and could have another go in 2027. She was president of her party until 2021, and now leads its parliamentary group.

    The charges against her are embezzlement and collusion in fraud.

    The decision to go to trial was taken by two investigating magistrates from France’s financial crimes prosecuting unit.

    The group is accused of using EU parliamentary funds to pay for assistants who in fact worked for the National Rally party, formerly called the National Front.

    Le Pen, who stepped down as an MEP in 2017 after her election to the French parliament, has denied the claims.

    The charges carry sentences of up to 10 years in prison and a fine of up to double the alleged funds embezzled.

    If convicted, the court could also declare Le Pen ineligible for office for up to 10 years – threatening her plan to make a fourth run for the French presidency.

    The EU Parliament estimated in 2018 that 6.8 million euros ($7.3 million at today’s rates) had been embezzled from 2009 to 2017.

    (AFP)




    CIBC hit with $1.3M penalty after failing to report

    suspicious transactions

    The CIBC logo is displayed on a flag in front of its headquarters in Toronto on Monday, Oct. 25, 2021. THE CANADIAN PRESS/Evan Buhler

    Canada’s financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures.

    The penalty is the second the Financial Transactions and Reports Analysis Centre of Canada has announced this week after RBC’s $7.4-million fine was publicized on Tuesday.

    The agency, known as Fintrac, says it imposed the penalty over CIBC’s failure to submit a suspicious transaction report when there were grounds to suspect it was related to money laundering or terrorist activity, and failures to report information related to large money transfers from outside Canada.

    Click to play video: 'CIBC Q3 profits down 10% compared to 2022'
    0:21
    CIBC Q3 profits down 10% compared to 2022

    Fintrac tries to pinpoint money linked to illicit activities by electronically sifting through millions of pieces of information each year from banks, insurance companies, money services businesses and others.

    It says it found an instance where CIBC didn’t file a suspicious transaction report even as it knew the client had been arrested and charged with criminal offences, while the agency’s review also found over a thousand instances, out of a sample of 20,000, where information related to money transfers was incomplete.

    CIBC spokesman Tom Wallis says the administrative matters are related to a relatively small number of transactions and that the bank will continue to identify, investigate and do its part to deter and detect financial crimes.

    So, how many CIBC employees were involved in these transactions? And what has become of them? Same question for RBC.

    ==========================================================

    Monday, July 31, 2023

    Corruption is Everywhere > President's son charged with Money Laundering - Colombia; Lebanon's Central Bank chief steps down; Senegal's Opposition Party Arrested

    ..

    Son of Colombian President Gustavo Petro arrested

    on money laundering charges


    Colombian President Gustavo Petro said Saturday that his son Nicolas has been arrested on charges of money laundering and illicit enrichment in a scandal linked to Petro's election campaign.


    Issued on:07/29/2023 - 16:19 1 minute
    Text by: NEWS WIRE

    A file photo of Colombian President Gustavo Petro with his son Nicolas Petro. The president said on July 29, 2023,
    that his son Nicolas had been arrested on charges of money laundering and illicit enrichment. © Eitan Abramovich, AFP


    Colombia's first leftist president wrote on Twitter, which is being rebranded as X, that police arrested his son and the son's ex-wife Daysuris Vasquez.

    In March, Vasquez alleged that Nicolas Petro received large amounts of money from drug traffickers and smugglers in 2022 for his father's ultimately successful presidential campaign but instead used it to live in luxury in the northern city of Barranquilla.

    Petro wrote: "I wish my son luck and strength. May these events build his character and may he reflect on his mistakes."

    "As a person and father it hurts to see so much self-destruction," he added.

    Prosecutors confirmed the arrest of the younger Petro on charges of money laundering and illicit enrichment. Vasquez was also charged with that first offense.

    Since the scandal broke, President Petro has denied receiving money from the country's powerful cocaine lords. He himself asked that his son be investigated.

    Nicolas Petro was a lawyer for his father's party in the northern Atlantic department. News outlets published bank records of his showing he had far more money than would correspond to his salary from congress.

    Vasquez once said in an interview that her former husband received the equivalent of $124,000 from a former drug trafficker named Samuel Santander Lopesierra.

    Santander Lopesierra served 18 years in prison in the United States for drug trafficking.

    (AFP)




    Lebanon's central bank chief ends 30-year tenure amid scandal, crisis



    Lebanon's embattled central bank governor stepped down Monday under a cloud of investigation and blame for his country's economic crisis as several European countries probe him for alleged financial crimes.

    Issued on: 31/07/2023 - 13:56, 3 min
    Text by: NEWS WIRES

    Lebanon's deeply divided political class has failed to agree on a replacement for Riad Salameh, 73, who is wanted for alleged financial crimes in several European countries. © Joseph Eid, AFP

    Riad Salameh, 73, ended his 30-year tenure atop the central bank as tearful employees took photos and a band played celebratory music with drums and trumpets.

    In that same building, his four vice governors, led by incoming interim governor Wassim Mansouri, quickly pivoted to urge fiscal reforms for the cash-strapped country.

    “We are at a crossroads,” Mansouri said at a news conference. “There is no choice, if we continue previous policy ... the funds in the Central Bank will eventually dry up.”

    Seventy-three-year-old Riad Salameh kicked off his tenure as central bank governor in 1993, three years after Lebanon’s bloody 15-year civil war came to an end. It was a time when reconstruction loans and aid was pouring into the country, and Salameh was widely celebrated at the time for his role in Lebanon's recovery.

    Now, he leaves his post a wanted man in Europe, accused by many in Lebanon of being a main culprit in the country's financial downfall since late 2019. 

    It was a steep fall for a leader whose policies were once hailed for keeping the currency stable. Later, many financial experts saw him as setting up a house of cards that crumbled as the country's supply of dollars dried up on top of decades of rampant corruption and mismanagement from Lebanon's ruling parties.

    The crisis has pulverized the Lebanese pound and wiped out the savings of many Lebanese, as the banks ran dry of hard currency.

    With the country's banks crippled and public sector in ruins, Lebanon for years has run on a cash-based economy and relied primarily on tourism and remittances from millions in the diaspora.

    Mansouri said previous policies that permitted the Central Bank to spend large sums on money to prop up the Lebanese state is no longer feasible. He cited years of spending billions of dollars to subsidize fuel, medicine, and wheat and more to keep the value of the Lebanese pound stable.

    Instead, Mansouri proposed a six-month reform plan that included passing long-awaited reforms such as capital controls, a bank restructuring law, and the 2023 state budget. 

    “The country cannot continue without passing these laws,” Mansouri explained. “We don't have time, and we paid a heavy price that we cannot pay anymore.”

    The reforms Mansouri mentioned are among those the International Monetary Fund set as conditions on Lebanon in April 2022 for a bailout plan, though he did not mention the IMF. None have been passed.

    France, Germany, and Luxembourg are investigating Salameh and his associates over myriad financial crimes, including illicit enrichment and the laundering of $330 million. Paris and Berlin issued Interpol notices to the central bank chief in May, though Lebanon does not hand over its citizens to foreign countries.

    Salameh has repeatedly denied the allegations and insisted that his wealth comes from his previous job as an investment banker at Merrill Lynch, inherited properties, and investments. He has criticized the probe and said it was part of a media and political campaign to scapegoat him.

    In his final interview as governor, Salameh said on Lebanese television that the responsibility for reforms lies with the government.

    “Everything I did for the past 30 years was to try to serve Lebanon and the Lebanese,” he said. “Some -- the majority -- were grateful, even if they don’t want to say so. And there are other people, well may God forgive them.”

    Salameh's departure adds another gap to crisis-hit Lebanon’s withering and paralyzed institutions. The tiny Mediterranean country has been without a president nine months, while its government has been running in a limited caretaker capacity for a year. Lebanon has also been without a top spy chief to head its General Security Directorate since March.

    Lebanese officials in recent months were divided over whether Salameh should stay in his post or whether he should step down immediately in the remaining months of his tenure.

    Caretaker Economy Amin Salam wanted the latter, given that the central bank chief had a “legal question mark.” 

    “I cannot explain anyone holding on to a person while a nation is failing unless there is something wrong or hidden," Salam told The Associated Press.

    (AP)




    Senegal's Sonko supporters claim legal charges are 'politically motivated'


    Issued on: 31/07/2023 - 19:12
    Modified: 31/07/2023 - 19:27



    Senegal's public prosecutor on Saturday announced seven new charges against opposition figure Ousmane Sonko, and on Monday formally charged him with fomenting insurrection. 

    "Mr Sonko's supporters had called for protests against his arrest on Friday, but it seems so far relatively quiet," says FRANCE 24's Sira Thierij, reporting from Dakar, Senegal. Even so, riot police were stationed around the capital on Monday. 

    "His supporters believe the charges are politically motivated," Thierij added.