Tweet In a much anticipated move, Kim Rothstein, the so-called “free-spending” wife of Scott Rothstein, the Florida lawyer convicted of money laundering for running a Ponzi scheme through his now-defunct law firm, has been charged with conspiracy to commit money laundering. Kim Rothstein’s lawyer, Scott Saidel and her close friend, Stacie Weisman, were also charged […]
Tweet According to Bloomberg News, the AG for Switzerland opened a criminal probe of UBS AG on August 29 as a result of a complaint filed by Bruno Manser Fund, a rain-forest advocacy group, that alleged that UBS AG allowed its bank to be used to launder proceeds of crime from Musa Aman, Chief Minister […]
Tweet Canada was listed as a jurisdiction of money laundering concern by the U.S. Department of State in its annual International Narcotics Control Strategy Report, available here. Other jurisdictions of concerns include Columbia, Brazil, Afghanistan, Venezuela, Mexico Russia and Somalia. The findings are similar to those reported by the U.S. Department of State in its […]
Tweet The U.S. Attorney for the District of Maryland, Rod J. Rosenstein, today announced that Bodog Entertainment Group S.A. has been indicted for money laundering conspiracy and operating an illegal gambling business that provided services to U.S. customers in the U.S. Also indicted were Calvin Ayre, James Philip, David Ferguson and Derrick Maloney, all from […]
Tweet Carbon Trading conviction for money laundering A French Criminal Court has convicted and sentenced five people for money laundering for defrauding the European Union’s carbon trading system of 1.8 billion Euro over loss tax revenue. The defendants were arrested as part of a French investigation into money laundering, fraud and tax evasion in the […]
Tweet The Canadian government announced that it is undertaking a potentially significant revision to its anti-money laundering (AML) and counter terrorist financing (CTF) regime. The proposed changes are in addition to those proposed by the government in November 2011. In its Consultation Paper entitled “Strengthening Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime”, the government is […]
Tweet The U.S. Attorney’s Office and the FBI announced the filing today of money laundering and prostitution charges against several Philadelphia-based companies, R.S. Duffy Inc. and National A-1 Advertising Inc., that allegedly ran an escort service from the website escorts.com. The companies entered into a plea agreement in respect of money laundering conspiracy charges and […]
Tweet Two Somali women, who became US naturalized citizens, were convicted today in federal court in Minnesota of terrorist financing for providing material support to al-Shabaab, a listed terrorist entity in both the US and Canada. The two women collected funds from Somali foreign nationals in Canada and the US during a three year period […]
Tweet A former executive at Bennett Environmental Inc., a Canadian based corporation that treats and disposes of contaminated soil was sentenced to 50 months in prison today for money laundering and defrauding the EPA. The executive, Robert Griffiths, was also ordered to pay restitution of US$4.6 million. Griffiths pleaded guilty in 2009 to defrauding the […]
Tweet The news on Friday that the U.S. had indicted 11 individuals associated with the operation of the Internet gambling sites PokerStars, Full Tilt Poker and Absolute Poker for violations of U.S. gambling and anti-money laundering laws and bank fraud, has raised questions about the future of the funds held by those entities on behalf […]